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.
PTEN notice: a Form 144 filing discloses a proposed/previous sale of Common shares by Robert W. Drummond Jr. The filing shows 400,000 Common shares sold on 03/13/2026 for $3,268,400. The record also lists Restricted Stock Units acquired as compensation on 09/01/2023 of 99,775 and 65,000 shares.
Patterson-UTI Energy director Tiffany Thom Cepak reported an open-market sale of common stock. On March 4, 2026, she sold 12,000 shares of Patterson-UTI Energy common stock at a weighted average price of $8.86 per share, in multiple transactions between $8.86 and $8.88. After this sale, she directly owned 161,111 shares of Patterson-UTI Energy common stock.
Patterson-UTI Energy director Drummond Robert Wayne Jr. reported that trusts associated with him executed an open-market sale of 400,000 shares of common stock on February 13, 2026 at a weighted average price of $8.17 per share, in multiple trades between $8.01 and $8.29. After this sale, the trusts held 164,775 shares indirectly, while Drummond also reported 1,512,947 shares held directly. The filing clarifies that he serves as trustee for the trusts involved in the transaction.
A shareholder has filed a notice of proposed sale under Rule 144 for 400,000 shares of common stock, with an aggregate market value of $3,240,000. The filing lists Goldman Sachs & Co. LLC as broker and targets an approximate sale date of February 13, 2026 on NASD. The issuer had 379,575,200 shares outstanding at the time referenced. The shares were originally acquired on September 1, 2023 as restricted stock awards granted as compensation by the issuer, with compensation noted as the form of payment.
Patterson-UTI Energy, Inc. files its annual report describing a diversified oilfield services business focused on contract drilling, completion services and drilling products. The Houston-based company operates primarily in U.S. shale basins with international activity in Colombia, Ecuador and over 30 countries through its Ulterra drill bit business.
As of December 31, 2025, Patterson-UTI marketed 152 land drilling rigs, including 137 Tier‑1 super-spec rigs, and had 379,575,200 common shares outstanding. U.S. contract drilling backlog under term contracts was approximately $291 million, down from $426 million a year earlier, and 2026 capital expenditures are forecast at about $500 million gross.
The report highlights softer market conditions: U.S. average active rigs fell from 112 in 2024 to 100 in 2025, while WTI oil prices trended lower, averaging $59.62 per barrel in the fourth quarter of 2025. Management cites trade policy uncertainty, the phase-out of OPEC+ production cuts and geopolitical tensions as key drivers of volatility.
Patterson-UTI details integrated drilling and completions offerings, growth of natural gas-powered and lower-emission frac fleets, and advanced digital and automation technologies such as APEX, Cortex, EcoCell and eos. It also outlines extensive risk factors, including commodity price swings, industry overcapacity, customer consolidation, environmental and climate regulation, cybersecurity threats and dependence on a concentrated customer base, with one customer representing about 12% of 2025 revenue.
Patterson-UTI Energy, Inc. filed a current report describing that it has released its financial results for the three and twelve months ended December 31, 2025. The company issued a press release dated February 4, 2026, which is attached as an exhibit and provides the detailed quarterly and full-year results.
Patterson-UTI Energy (PTEN) reported Q3 2025 results showing lower activity across key segments. Revenue was $1,175,954 thousand, down from $1,357,222 thousand a year ago, with declines in Drilling Services and Completion Services. The company posted a net loss attributable to common stockholders of $36,402 thousand, an improvement from a loss of $978,761 thousand in Q3 2024, which included a large goodwill impairment.
For the nine months ended September 30, 2025, revenue was $3,675,811 thousand versus $4,215,776 thousand in 2024, and net loss attributable to common stockholders was $84,541 thousand versus $916,449 thousand. Cash from operations was $563,693 thousand, supporting $450,516 thousand in capital expenditures and $69,424 thousand of share repurchases year-to-date. Cash, cash equivalents and restricted cash were $186,913 thousand at quarter-end.
Total assets were $5,533,110 thousand and long-term debt was $1,220,716 thousand. PTEN had no borrowings on its $500,000 thousand revolving credit facility, with approximately $495,000 thousand available. Contract drilling backlog in the United States was approximately $256,000 thousand. The Board approved a $0.08 per-share cash dividend, payable December 15, 2025.
Patterson‑UTI Energy (PTEN) announced financial results for the three and nine months ended September 30, 2025. The company furnished a press release as Exhibit 99.1, making the details available to investors.
The company stated that the information in the press release is being furnished, not filed, under the Exchange Act and will only be incorporated by reference in other filings if specifically identified. Patterson‑UTI’s common stock trades on the Nasdaq Global Select Market under the symbol PTEN.
Patterson-UTI Energy, Inc. reported that director Leslie A. Beyer has resigned from its Board of Directors, effective September 18, 2025. Her resignation follows the confirmation of her appointment as Assistant Secretary for Land and Minerals Management at the U.S. Department of the Interior by the U.S. Senate.
The company states that Ms. Beyer’s resignation did not result from any disagreement regarding its operations, policies, or practices. Patterson-UTI attached a press release as an exhibit providing additional details on this board change.