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Patterson-UTI Energy Inc. filings document operating results, financing arrangements, governance matters, and capital-structure disclosures for an oilfield services company focused on drilling and well completion markets. Form 8-K reports include quarterly results, dividend disclosures, material agreements, credit agreement amendments, and direct financial obligations tied to revolving credit commitments.
Proxy materials describe annual meeting proposals, board matters, executive compensation, equity awards, and shareholder voting procedures. Other filings record director changes and related governance disclosures, alongside formal exhibits such as press releases, credit agreement amendments, and other material-event documentation.
PATTERSON UTI ENERGY INC (PTEN) director James Carl Stewart, through JCS Partners LP, reported a sale of 207,000 shares of common stock on August 25, 2026. The shares were sold at a weighted average price of $11.54 per share, in multiple trades between $11.50 and $11.60. After this indirect sale, JCS Partners LP held no PTEN shares, while Stewart continues to hold 114,116 shares directly.
Patterson-UTI Energy, Inc. (PTEN) has filed an automatic shelf registration statement on Form S-3, allowing the company or selling securityholders to offer, from time to time after effectiveness, various securities including debt securities, preferred stock, common stock and warrants in one or more offerings.
The base prospectus describes that specific terms (amounts, maturities, pricing and any selling securityholders) will be set in future prospectus supplements. Net proceeds from any primary offerings by Patterson-UTI are intended for general corporate purposes, which may include repayment or refinancing of borrowings, working capital, capital expenditures, investments and acquisitions. Patterson-UTI will not receive proceeds from resale offerings by selling securityholders. The filing incorporates by reference Patterson-UTI’s Exchange Act reports, and its common stock continues to trade on the Nasdaq Global Select Market under the symbol PTEN.
PATTERSON UTI ENERGY INC (PTEN) received a Rule 144 notice indicating a proposed resale of its common stock by James Stewart, acting as Manager of the General Partner of JCS Partners LP. The notice lists 207,000 shares of common stock to be sold through UBS Financial Services Inc. on NASDAQ, with an aggregate market value of $2,400,000 and 381,384,874 shares outstanding as represented in the notice. The securities relate to 1,839,089 shares originally acquired in the October 31, 2019 merger with NexTier. JCS Partners LP is identified as the account owner for these PTEN shares.
Patterson-UTI Energy, Inc. reported Q2 2026 operating revenues of $1,227,967 (thousands), roughly flat year over year, and a net loss attributable to common stockholders of $19,602 (thousands), or $0.05 per share, an improvement from a $49,144 (thousands) loss a year earlier. For the first half of 2026, revenues were $2,345,298 (thousands) with a net loss of $44,229 (thousands).
Cash, cash equivalents and restricted cash declined to $203,169 (thousands) at June 30, 2026 from $420,642 (thousands) at year-end, as operating cash flow fell to $119,940 (thousands) and the company invested $272,552 (thousands) in capital expenditures. Long-term debt rose slightly to $1,234,173 (thousands) after issuing $500,000 (thousands) of 6.05% senior notes due 2036 and redeeming approximately $483,000 (thousands) of 3.95% notes due 2028.
Drilling, completion and drilling products segments all remained profitable at the operating level, but results included about $21,000 (thousands) of exit and disposal costs from winding down Colombian contract drilling operations. U.S. contract drilling backlog was approximately $365,000 (thousands), and the company continued returning cash through a $0.10 per-share quarterly dividend and modest share repurchases under a $1.0 billion authorization.
Patterson-UTI Energy reported second quarter 2026 total revenue of $1,227,967 (in thousands), about a 10% sequential increase. Net loss attributable to common stockholders was $19,602 (in thousands), or $0.05 per diluted share, including non-cash charges tied to exiting contract drilling operations in Colombia and a noncontrolling investment write-down.
Adjusted net income attributable to common stockholders was $564 (in thousands), effectively breakeven, and Adjusted EBITDA was $231,886 (in thousands). By segment, Drilling Services revenue was $373,501 (in thousands), Completion Services $753,641 (in thousands), and Drilling Products $91,333 (in thousands).
Cash, cash equivalents and restricted cash were $203,169 (in thousands) at June 30, 2026, with net cash provided by operating activities of $119,940 (in thousands) for the first half of 2026 and capital expenditures of $272,552 (in thousands). The company declared a quarterly dividend of $0.10 per share and continues to expect 2026 free cash flow to cover dividend payments, while guiding 2026 capital expenditures of approximately $600 million.
PATTERSON-UTI Energy’s Chief Accounting Officer Forrest C. Robinson reported several stock transactions. On June 8, 2026, he completed an open-market sale of 13,670 shares of common stock at $12.01 per share. On June 9, 2026, 5,749 shares were disposed of to cover withholding taxes on restricted stock units that converted into common stock, and he received a grant of 20,833 restricted stock units that convert into common shares on a one-for-one basis. After these transactions, Robinson directly held 71,926 shares of PATTERSON-UTI common stock, with the new restricted stock units vesting in three equal installments on June 9 of 2027, 2028 and 2029.
Patterson-UTI Energy President & CEO William Andrew Hendricks Jr. sold 200,000 shares of common stock in an open-market transaction at a weighted average price of $11.64 per share. After this sale, he directly holds 2,542,474 shares of Patterson-UTI Energy common stock.
The filing is a Form 144 notice reporting proposed resale activity in common stock. It lists a proposed sale of 200,000 shares (identified under "Securities To Be Sold") and discloses that 250,000 shares were sold on 05/01/2026 for $2,962,500. The broker listed is J.P. Morgan Securities LLC.
Patterson-UTI Energy, Inc. reported results from its annual stockholder meeting and a significant debt refinancing move. Stockholders approved an amendment to the 2021 Long-Term Incentive Plan to increase shares available for issuance by 28.9 million shares, supporting future equity-based compensation.
All ten director nominees were elected, the auditor was ratified, and advisory approval was given to executive compensation. The company also completed the redemption of approximately $482.5 million of 3.95% Senior Notes due 2028 at 100% of principal plus accrued interest, funded from a previously completed offering of $500 million of 6.050% Senior Notes due 2036.
Patterson-UTI Energy executive vice president and chief operating officer James Michael Holcomb reported an open-market sale of 150,000 shares of Common Stock on May 28, 2026 at a weighted average price of $11.47 per share. These shares were sold in multiple trades at prices ranging from $11.40 to $11.52. After the transaction, Holcomb directly owned 421,523 shares of Patterson-UTI Energy common stock.