Welcome to our dedicated page for Patterson-Uti Energy SEC filings (Ticker: PTEN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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. entered into an underwriting agreement to sell $500 million of 6.050% Senior Notes due 2036. The company plans to use the net proceeds, together with cash on hand and borrowings under its revolving credit facility, to redeem approximately $482.5 million of its 3.95% Senior Notes due 2028 and for general corporate purposes.
The sale of the new notes is expected to close on May 19, 2026, subject to customary closing conditions. On May 5, 2026, the company issued a conditional notice to redeem all outstanding 2028 notes, with its obligation to fund the redemption conditioned on completing a senior debt offering on or before June 4, 2026.
Patterson-UTI Energy, Inc. is offering senior notes due 2036 under a preliminary prospectus supplement dated May 5, 2026 (terms such as aggregate principal amount and interest rate are not filled in on the excerpt). The offering is subject to completion and will be issued under Patterson-UTI’s existing indenture. The company states it expects to use net proceeds to redeem its outstanding 3.95% Senior Notes due 2028 (approximately $482.5 million outstanding as of March 31, 2026), subject to completion of this offering on or before June 4, 2026. Recent financing updates include an amendment to the Credit Agreement that extends $450 million of revolving commitments to January 31, 2031 and assigns $25 million of commitments from HSBC to JPMorgan. As of March 31, 2026, Patterson-UTI reported $2.8 million in letters of credit outstanding and approximately $497 million of available borrowing capacity under the Credit Agreement. The Notes will be unsecured senior obligations, initially unguaranteed by subsidiaries, issued in book-entry form and not listed on an exchange.
PATTERSON UTI ENERGY INC director Robert Wayne Drummond Jr reported open-market sales of a total of 384,174 shares of Common Stock. He sold 322,699 shares on May 1, 2026 at a weighted average price of $12.04 per share and 61,475 shares on May 4, 2026 at a weighted average price of $12.02 per share. The prices reflect multiple trades in ranges disclosed in footnotes. Following these transactions, he directly holds 1,128,773 shares of Patterson-UTI Energy common stock.
Patterson-UTI Energy President & CEO William Andrew Hendricks Jr. reported several equity transactions involving the company’s common stock and equity awards. On May 1, 2026, he completed an open-market sale of 250,000 shares at a weighted average price of $11.85 per share and directly held 2,823,103 common shares afterward.
Also on May 1, 97,333 cash-settled restricted stock units vested and were treated as converting into common stock and simultaneously being disposed back to the company for cash, with 53,989 of the related shares deemed disposed at $12.22 to cover withholding taxes. On April 30, 2026, he received 232,900 restricted stock units and 155,300 cash-settled restricted stock units as compensation, each vesting in three equal annual installments starting April 30, 2027. Following these awards and settlements, he held 349,967 cash-settled restricted stock units.
Patterson-UTI Energy EVP & CFO Charles Andrew Smith reported equity compensation activity and related settlements. On April 30, 2026, he received 57,500 restricted stock units and 38,400 cash-settled restricted stock units, each convertible one-for-one into common stock or cash as applicable, vesting in equal thirds on April 30, 2027, 2028 and 2029.
On May 1, 2026, 24,033 restricted stock units vested into common stock and 14,357 shares were withheld to cover applicable taxes. Cash-settled restricted stock units for 24,033 share-equivalents were settled in cash and, under SEC guidance, reported as a deemed conversion and simultaneous disposition to the company, with no shares actually issued or sold. Following these transactions, he directly holds 738,398 shares of common stock and 86,467 cash-settled restricted stock units.
Patterson-UTI Energy Executive Vice President Kenneth N. Berns reported a set of compensation-related equity transactions, with no open-market stock purchases or sales. On April 30, 2026, he received 47,900 shares of Common Stock and 32,000 cash-settled restricted stock units, both at no cost, as equity awards. These units vest in equal one-third installments on April 30, 2027, 2028 and 2029.
On May 1, 2026, 20,033 cash-settled restricted stock units vested and were settled in cash. Under SEC guidance this is shown as a deemed conversion into Common Stock and simultaneous disposition back to the company, but a footnote clarifies that no actual shares were issued or sold. Also on May 1, 11,157 shares of Common Stock were withheld to cover taxes on restricted stock units converting into Common Stock.
After these transactions, Berns directly holds 1,068,763 shares of Common Stock, plus 34,000 shares held indirectly by trusts for which he is trustee, and 72,067 remaining cash-settled restricted stock units. Overall, the filing reflects routine equity compensation grants, vesting and tax withholding rather than discretionary trading.
Patterson-UTI Energy EVP & Chief Business Officer James Michael Holcomb reported routine equity compensation activity. On April 30, 2026, he was granted 54,800 restricted stock units tied to common stock and 36,500 cash-settled restricted stock units, each vesting in three equal installments on April 30, 2027, 2028 and 2029.
On May 1, 2026, 22,900 restricted stock units vested and converted into common stock, and 13,665 shares were withheld at $12.22 per share to cover taxes. The filing also reflects settlement of 22,900 cash-settled restricted stock units, which under SEC guidance is deemed a simultaneous issuance and disposition to the company for cash, though no shares were actually issued or sold. After these entries, Holcomb directly holds 593,659 shares of common stock.
PATTERSON-UTI Energy executive vice president and general counsel Seth David Wexler reported routine equity compensation and related settlements. On April 30, 2026, he received 49,300 shares of Common Stock and 32,900 restricted stock units that each convert into one share, vesting in equal installments on April 30 of 2027, 2028 and 2029. On May 1, 2026, 20,600 restricted stock units vested into Common Stock, and 11,438 shares were withheld to cover taxes. The filing also shows cash settlement of 20,600 cash-settled restricted stock units, recorded as a disposition to the company but with no actual shares issued or sold. After these events, Wexler directly held 543,130 Common shares and 74,100 cash-settled restricted stock units.
PTEN affiliate submitted a Form 144 notice relating to proposed sales of Common stock. The filing lists sales entries dated 03/12/2025 (25,000 shares), 06/04/2024 (146,523 shares) and 01/27/2023 (78,477 shares). The notice names J.P. Morgan Securities LLC as the broker.