{"filings":[{"id":1949369,"accession_number":"0000889900-26-000050","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2026-07-29T22:12:57+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q2 revenue $1.2B, net loss $20M; sees Q3 growth in drilling and completion","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 total revenue $1.2B (+10% sequentially); net loss $20M; adjusted net income $1M.","Adjusted EBITDA $232M; declared $0.10/share dividend payable Sept 15, record Sept 1.","Drilling Services: avg 92 U.S. rigs, exit 96; 10-15% pricing increases on new term contracts.","Completion Services revenue $754M, adjusted gross profit $123M; revenue per pump hour up mid-single digit %.","Q3 outlook: Drilling Services avg ~100 rigs, adj. gross profit ~$145M; Completion adj. gross profit ~$140M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":862996,"accession_number":"0000889900-26-000044","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2026-06-04T20:58:44+00:00","items":["5.02","5.07","8.01","9.01"],"status":"ready","headline":"Patterson-UTI redeems $482.5M of 3.95% notes, shareholders approve 28.9M share increase in LTIP","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Redeemed all $482.5M of 3.95% Senior Notes due 2028 at par plus accrued interest.","Redemption funded with proceeds from $500M of 6.050% Senior Notes due 2036 issued May 19, 2026.","Stockholders approved amendment to 2021 LTIP, increasing share authorization by 28.9 million shares.","All ten director nominees elected; PricewaterhouseCoopers ratified as auditor for FY 2026.","Advisory say-on-pay passed with ~93% of votes cast in favor."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":649797,"accession_number":"0000889900-26-000039","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2026-05-26T12:02:24+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patterson-UTI furnishes investor presentation on May 26, 2026; no material new details in filed excerpt","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation furnished under Item 7.01 Regulation FD; not incorporated by reference.","Filed text includes only a truncated snippet of Exhibit 99.1; full slides not available for analysis.","No specific operational metrics, guidance changes, or strategic updates disclosed in the filing body."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":526756,"accession_number":"0001193125-26-230750","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2026-05-19T20:07:21+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Patterson-UTI issues $500M of 6.050% Senior Notes due 2036 to refinance 2028 notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $500M aggregate principal of 6.050% Senior Notes due May 15, 2036.","Net proceeds to redeem outstanding 3.95% Senior Notes due 2028 and for general corporate purposes.","Interest payable semi-annually on May 15 and November 15.","Notes are senior unsecured obligations ranking equally with existing unsecured debt.","Company may redeem notes at its option prior to Feb 15, 2036 at specified redemption prices."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99487,"accession_number":"0001193125-26-207696","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Patterson-UTI Energy prices $500M 6.050% Senior Notes due 2036, to redeem 2028 notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $500M of 6.050% Senior Notes due 2036; net proceeds to redeem $482.5M of 3.95% 2028 Notes.","Underwriting agreement signed May 5, 2026; closing expected May 19, 2026.","Conditional redemption notice for 2028 Notes requires debt offering completion by June 4, 2026.","Redemption funded by note proceeds, cash on hand, and revolving credit facility borrowings."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99486,"accession_number":"0000889900-26-000030","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2026-04-28T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Patterson-UTI extends $450M of revolver maturity to 2031; assigns $25M to JPMorgan","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extended maturity date for $450M of revolving credit commitments from Jan 2030 to Jan 2031.","Assigned $25M revolving commitment from HSBC Bank USA to JPMorgan Chase Bank.","Amendment revised definitions for Defaulting Lender, Exchange Rate, Fee Letters, and computation dates.","Agreement effective April 24, 2026; other terms of the credit facility unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99485,"accession_number":"0000889900-26-000026","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2026-04-23T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q1 net loss $25M on $1.1B revenue; Q2 guide sees rig reactivations","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 net loss $25M; adjusted EBITDA $205M; revenue $1.1B.","Drilling Services: revenue $352M, adj. gross profit $134M; avg 92 rigs working.","Completion Services: revenue $680M, adj. gross profit $98M; near full utilization.","Q2 outlook: Drilling Services avg ~90 rigs, adj. gross profit ~$130M including $5M reactivation costs.","Dividend declared $0.10/share, payable June 15, 2026; Middle East disruption impacted Drilling Products."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":1117331000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115530,"accession_number":"0000889900-26-000010","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2026-02-05T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q4 rev $1.2B, net loss $9M, raises dividend 25% to $0.10","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 total revenue $1.2B; net loss $9M; adjusted EBITDA $221M.","Dividend raised 25% to $0.10/sh, payable 3/16/26, record 3/2/26.","Drilling Services revenue $361M, Completion Services $702M, Drilling Products $84M.","FY 2025 cash from ops $961M, adj. free cash flow $416M; FY 2026 capex guided <$500M.","Q1 2026 outlook: avg US rigs low-to-mid 90s; Completion adj. gross profit ~$95M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.24,"consensus_revenue_estimate":null,"consensus_revenue_actual":4826624000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115529,"accession_number":"0000889900-26-000002","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2026-01-05T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Patterson-UTI updates Q4 2025 guidance; details not in filing excerpt","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Company issued an investor presentation on January 5, 2026, updating previously reported Q4 2025 guidance.","Specific guidance revisions such as revenue, margins, or capex are not included in the available excerpt.","Investors should review the full presentation for quantitative details on the updated outlook."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.24,"consensus_revenue_estimate":null,"consensus_revenue_actual":4826624000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131954,"accession_number":"0000889900-25-000071","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-10-23T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q3 net loss $36M, adj EBITDA $219M; guides Q4 adj gross profit down","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $1.2B; net loss $36M ($0.08/sh); adj net loss $21M.","Adjusted EBITDA $219M; returned $64M to holders via $0.08/sh dividend + $34M buybacks.","Q4 Drilling Services adj gross profit expected ~5% below Q3; Completion Services ~$85M.","Full-year 2025 capex now expected below $600M, down from prior guidance.","U.S. avg rigs 95 in Q3; expects similar Q4; personal injury accrual impacted other expenses."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":3675811000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148530,"accession_number":"0000889900-25-000066","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-09-19T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Patterson-UTI Energy director Leslie Beyer resigns after Senate confirmation as Assistant Secretary","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Leslie Beyer resigned from Patterson-UTI's Board of Directors on September 18, 2025, effective immediately.","Her resignation followed U.S. Senate confirmation as Assistant Secretary for Land and Minerals Management at the Department of the Interior.","Beyer joined the board in September 2023; resignation was not due to any disagreement with the company.","The company issued a press release on September 19, 2025, congratulating Beyer and announcing her departure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148529,"accession_number":"0000889900-25-000063","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-09-02T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patterson-UTI files investor presentation; content truncated in filing excerpt","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Filed investor presentation as Exhibit 99.1 on September 2, 2025.","Provided exhibit text is truncated; no specific financial or operational updates available.","Presentation appears routine; no forward-looking guidance or material changes disclosed.","No earnings, M&A, leadership, or other material events mentioned in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148528,"accession_number":"0000889900-25-000060","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Patterson-UTI promotes James M. Holcomb to COO effective August 8, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James M. Holcomb, formerly EVP and Chief Business Officer, named Chief Operating Officer effective August 8, 2025.","Holcomb has over 35 years of contract drilling experience and has been with Patterson-UTI since 1998.","He previously served as COO from January to September 2023 and as President of Patterson-UTI Drilling Company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148527,"accession_number":"0000889900-25-000053","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-07-24T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q2 2025 net loss $49M, Adj. EBITDA $231M, revenue $1.2B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $49M includes $28M impairment of Colombian operations; Adj. EBITDA $231M.","Drilling Services revenue $404M (avg 104 rigs); Completion Services $719M (adj. gross profit $100M).","Declared $0.08/Sh dividend payable Sep 15; repurchased $16M of shares in Q2.","Full-year capex guided <$600M; Q3 avg rig count expected mid-90s, completions steady.","Term contracts provide $312M future dayrate; avg 48 rigs under contract in Q3."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":2499857000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167367,"accession_number":"0001628280-25-029681","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-06-05T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Patterson-UTI shareholders elect all 11 directors, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 11 director nominees elected with >321M votes for each; broker non-votes ~21.2M.","PricewaterhouseCoopers LLP ratified as auditor for FY2025 with 340.9M for, 11.8M against.","Advisory vote on executive compensation passed: 273.4M for, 57.9M against, 0.9M abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167366,"accession_number":"0001628280-25-028843","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-06-02T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patterson-UTI Energy provides investor presentation with limited detail in filing excerpt","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["The 8-K filing includes an investor presentation dated June 2, 2025, but the exhibit text provided is truncated and lacks specific numbers.","No earnings, guidance changes, or other material financial data were identified in the available portion of the exhibit.","The presentation likely covers operational strategy and market outlook, but concrete figures are absent from the submitted text."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167365,"accession_number":"0001628280-25-019463","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-04-24T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Q1 2025 revenue $1.3B, net income $1M; adjusted EBITDA $251M; Q2 guidance steady","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenue $1.3B, net income $1M, adjusted EBITDA $251M; cash from operations not disclosed.","Returned $51M to shareholders: $20M share repurchases, $0.08/share dividend payable June 16.","Drilling Services revenue $413M, adj. gross profit $165M; Completion Services $766M, $108M; Drilling Products $86M, $39M.","Q2 guidance: rig count steady vs Q1; slight decline in Drilling and Completion adj. gross profit; divested Great Plains Oilfield Rental."],"consensus_eps_estimate":null,"consensus_eps_actual":0.0,"consensus_revenue_estimate":null,"consensus_revenue_actual":1280537000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167364,"accession_number":"0001628280-25-016488","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-04-03T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Patterson-UTI names Forrest Robinson as Chief Accounting Officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Forrest Robinson appointed CAO effective April 3, 2025.","Robinson had served as corporate controller since January 2023.","Prior roles include assistant controller at Patterson-UTI and positions at Callon Petroleum, Newfield Exploration, and BDO."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184676,"accession_number":"0000889900-25-000031","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-02-06T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q4 net loss $52M, adj EBITDA $225M; FY 2025 capex guided ~$600M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenue $1.2B; net loss $0.13/share incl. $3M merger expenses.","Full-year adjusted free cash flow $523M; returned $417M to shareholders via dividends & buybacks.","New 5-year $500M unsecured revolving credit facility (expires Jan 2030) finalized post-quarter.","Q1 2025 outlook: avg 106 U.S. rigs ($15,250/gross profit per day); Completion Services adj gross profit ~$100M.","Dividend $0.08/share payable Mar 17, 2025 to holders of record Mar 3."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.44,"consensus_revenue_estimate":null,"consensus_revenue_actual":5377911000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184675,"accession_number":"0000889900-25-000028","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-02-03T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Patterson-UTI enters $500M credit facility maturing Jan 2030; amends prior agreement","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$500M revolving credit facility with Wells Fargo; matures Jan 31, 2030.","LC subfacility of $100M, swing line subfacility of $50M; possible increase to $700M.","Interest on SOFR loans + margin 1.25%-2.25% based on credit rating.","Financial covenant: total debt to capitalization ratio not exceed 50%.","Restricted payment covenant triggers if below investment grade (DSCR ≥1.50:1)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184674,"accession_number":"0000889900-25-000023","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2025-01-07T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patterson-UTI Energy files investor presentation on Form 8-K; slides not available in excerpt","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Furnished an investor presentation dated January 6, 2025 as Exhibit 99.1.","Presentation is furnished under Item 7.01 and not deemed filed for Exchange Act purposes.","No specific financial or operational details from the presentation are available in the provided text.","The exhibit appears truncated; actual content and any material updates are not disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201256,"accession_number":"0000889900-24-000013","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2024-10-24T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI posts Q3 net loss of $979M on $1.4B revenue; goodwill impairment $885M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $979M ($2.50/share) includes $885M goodwill impairment and $114M asset retirement charge; adjusted net income $2M ($0.00/share).","Adjusted EBITDA $275M; YTD free cash flow $322M; expects 2024 capex below $700M.","Completion Services Q3 revenue $832M, adj. gross profit $128M; expects Q4 adj. gross profit ~$85M.","Declared $0.08/share dividend payable Dec 16, 2024; $780M remaining buyback authorization.","U.S. Contract Drilling avg 106 rigs in Q4; adj. gross profit per day slightly below $15,000."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.29,"consensus_revenue_estimate":null,"consensus_revenue_actual":4215776000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217278,"accession_number":"0000889900-24-000010","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2024-09-30T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Patterson-UTI to take 15% stake in ADNOC Drilling JV for 144-well unconventional project","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Patterson-UTI subsidiary signs JV agreement; will hold 15% minority equity in Turnwell, formed by ADNOC Drilling.","Turnwell awarded contract to drill and complete 144 unconventional wells for Abu Dhabi National Oil Company (ADNOC).","ADNOC Drilling holds 55% majority, SLB 30%; Patterson-UTI provides drilling expertise and limited cash for working capital.","CEO Andy Hendricks says JV offers capital-efficient expansion into Middle East unconventional market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217277,"accession_number":"0000889900-24-000007","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2024-09-03T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Patterson-UTI EVP & CBO Holcomb to transition to advisor by 2026/2027, waives good reason","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James M. Holcomb to remain EVP & CBO until Dec 31, 2026 (if elected) or Dec 31, 2027; then advisor to Sep 30, 2030.","Advisor role reduced base salary to 55% of pre-transition level; no further bonuses or equity grants.","Holcomb waives ‘good reason’ termination rights due to NexTier merger-related role changes.","No severance upon separation on Sep 30, 2030; voluntary early resignation forfeits retiree benefits and retirement vesting.","Existing equity awards remain outstanding per plan terms; agreement dated August 27, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217276,"accession_number":"0000889900-24-000005","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2024-09-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patterson-UTI discloses investor presentation on Sept 3, 2024; no material news contained","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Company furnished an investor presentation dated September 3, 2024, as Exhibit 99.1.","The filing contains no earnings results, guidance changes, or strategic announcements.","Full content of presentation not available in this excerpt; no specific figures or actions cited."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217275,"accession_number":"0001628280-24-032884","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2024-07-25T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q2 net income $11M; adjusted EBITDA $324M; returned $164M to shareholders","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenue $1.3B; net income $11M ($0.03 EPS); includes $11M in merger and integration expenses.","Adjusted EBITDA $324M; YTD cash from ops $563M, free cash flow $206M; Q2 shareholder return $164M.","Declared $0.08/share dividend payable Sept 16, 2024; $819M remaining share repurchase authorization.","U.S. Contract Drilling revenue $378M; avg rig revenue $36,430/day; adjusted gross profit $16,190/day.","Q3 outlook: avg 108 U.S. rigs; Completion Services white space to persist but improve sequentially."],"consensus_eps_estimate":null,"consensus_eps_actual":0.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":2858554000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237088,"accession_number":"0001628280-24-027053","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2024-06-06T23:59:59+00:00","items":["5.02","5.03","5.07","9.01"],"status":"ready","headline":"Patterson-UTI shareholders approve all proposals, including LTIP share increase and officer liability limitation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 11 director nominees elected; largest withhold of 54.5M shares against James C. Stewart.","Ratification of PwC as auditor: 349M for, 15M against, 353K abstentions.","LTIP amendment approved: 319M for, 21M against; adds 20M shares to the pool.","Advisory say-on-pay approved: 327M for, 13M against, 560K abstentions.","Certificate amendment to limit officer liability approved: 307M for, 33M against, 513K abstentions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237087,"accession_number":"0000950170-24-058160","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2024-05-13T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Patterson-UTI signs term sheet with ADNOC Drilling for $1.7B unconventional well project in UAE","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Patterson-UTI subsidiary signs non-binding term sheet to take minority equity stake in Turnwell Industries LLC OPC, formed by ADNOC Drilling.","Turnwell awarded $1.7B contract to drill and complete 144 unconventional wells for ADNOC; SLB also expected to take minority stake.","Patterson-UTI to provide drilling, completion expertise and limited cash for working capital; no initial equipment contribution.","Company reaffirms 2024 capex budget and plan to return at least $400M to shareholders via dividends and buybacks.","Opportunity expected to be capital-efficient with potential for long-term growth in UAE unconventional resource development."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237086,"accession_number":"0001628280-24-019694","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI reports Q1 revenue $1.5B, net income $51M; free cash flow $139M; returns $130M to shareholders","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $51M ($0.13 EPS); adjusted net income $61M ($0.15 EPS); includes $12M merger costs.","Revenue $1.5B; Completion Services $945M, Drilling Services $458M, Drilling Products $90M.","Adjusted EBITDA $375M; free cash flow $139M; achieved $200M annualized NexTier synergy target.","Returned $130M to shareholders in Q1; repurchased 9M shares for $98M; dividend $0.08/share payable June 17.","Q2 outlook: Drilling Services avg 114 rigs; Completion Services rev ~$860M, adj gross profit ~$170M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":1510360000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254667,"accession_number":"0000950170-24-015489","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2024-02-15T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q4 2023: revenue $1.58B, adj. EPS $0.19; plans $400M+ shareholder returns in 2024","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $62M ($0.15 diluted); adjusted net income $78M ($0.19) excluding $20M merger costs.","Adjusted EBITDA $409M; free cash flow $247M; returned $110M to shareholders via dividends and buybacks.","Completion Services revenue $1.014B with adj. gross profit $232M, outperforming expectations.","2024 capex budget $740M; expects at least $400M shareholder returns, targeting >50% of FCF.","NexTier synergy run-rate exceeded $100M annually; term contracts for 79 rigs in Q1 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":0.88,"consensus_revenue_estimate":null,"consensus_revenue_actual":4146456000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254666,"accession_number":"0000950170-24-000876","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2024-01-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patterson-UTI posts investor presentation with no material new details","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Filing made under Regulation FD; presentation dated January 3, 2024.","No specific financial results, guidance changes, or corporate events disclosed.","Slides cover company overview; no quarterly earnings or operational updates.","Ticker PTEN listed on Nasdaq Global Select Market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272135,"accession_number":"0000950170-23-068437","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-12-06T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patterson-UTI furnishes investor presentation on Dec 6, 2023; content not detailed in filing","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Filed under Item 7.01 as an investor presentation dated December 6, 2023.","No specific financial results, guidance, or material changes disclosed in the 8-K text.","Presentation intended for general investor communication; no material new information provided."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":272134,"accession_number":"0000950170-23-060539","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-11-08T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q3 rev $1.0B, adj EPS $0.20; Q4 guidance implies big growth from acquisitions","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 total revenue $1.0B; net income $0.1M ($0.00 EPS); adjusted net income $55M ($0.20 EPS); adjusted EBITDA $277M.","Completed merger with NexTier (Sep 1) and acquisition of Ulterra (Aug 14); realigned into Drilling Services, Completion Services, Drilling Products segments.","Q4 outlook: Drilling Services avg 118 rigs, rev per day $35,400, margin $16,100; Completion Services rev ~$950M, margin ~$200M; Drilling Products rev ~$90M.","Expects $200M run-rate synergies from NexTier by Q1 2025; issued $400M senior notes due 2033; returned $191M YTD via dividends and buybacks."],"consensus_eps_estimate":null,"consensus_eps_actual":0.79,"consensus_revenue_estimate":null,"consensus_revenue_actual":2562139000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288991,"accession_number":"0001193125-23-234353","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-09-13T23:59:59+00:00","items":["1.01","1.02","2.03","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Energy issues $400M 7.15% senior notes due 2033","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$400M aggregate principal amount of 7.15% Senior Notes due 2033 issued on Sept 13, 2023.","Net proceeds to repay revolving credit facility borrowings and for general corporate purposes.","Notes are senior unsecured obligations, rank equally with existing senior unsecured debt.","Company terminated Term Loan Agreement effective Sept 20, 2023, following the offering.","Interest payable Apr 1 and Oct 1; maturity Oct 1, 2033."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288990,"accession_number":"0001193125-23-228607","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-09-05T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Patterson-UTI files prospectus supplement for securities offering under existing S-3 shelf","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Filed legal opinion from Gibson, Dunn & Crutcher in connection with prospectus supplement dated Sept 5, 2023.","Supplement relates to registration statement on Form S-3 (File No. 333-274345).","No offering size, terms, or use of proceeds disclosed in this filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288989,"accession_number":"0000950170-23-046155","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-09-05T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patterson-UTI presents at Barclays conference; no new material information","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Filed investor presentation dated Sept 5-7, 2023 for Barclays CEO Energy-Power Conference.","Presentation slides contain no specific financial updates, guidance changes, or operational data.","Filing is a routine Regulation FD disclosure; content is furnished, not filed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288980,"accession_number":"0000950170-23-046377","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K/A","filed_at":"2023-09-05T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Patterson-UTI files historical and pro forma financials for NexTier and Ulterra acquisitions","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["NexTier audited financials (2022, 2021, 2020) and unaudited H1 2023 filed; Ulterra audited 2022 and unaudited H1 2023 filed.","Pro forma combined financial data as of June 30,2023, for H1 2023 and FY2022 included.","Financial statements are incorporated by reference to prior NexTier/Tier filings and previously filed Ulterra audited statements.","Amendment solely supplements Item 9.01; no other changes from prior 8-Ks."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288988,"accession_number":"0001193125-23-227636","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-09-01T23:59:59+00:00","items":["1.01","2.01","2.03","5.02","5.03","5.07","7.01","9.01"],"status":"ready","headline":"Patterson-UTI completes NexTier merger; expects $200M annual synergies within 18 months","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Merger closed: each NexTier share converted to 0.7520 PTEN shares; combined co. has 172 super-spec rigs and 3.3M frac HP.","Expects ~$200M cost/operational synergies within 18mo; accretion to EPS and FCF in 2024; targets 50% FCF return to shareholders.","Board expanded to 11 members (5 from NexTier); Curtis Huff remains Chairman, Robert Drummond appointed Vice Chairman.","Entered $300M senior unsecured term loan (364-day maturity); amended credit facility extended $501.7M commitments to 2026.","Mike Holcomb transitions to EVP & Chief Business Officer; receives $2M retention bonus payable in quarterly installments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288987,"accession_number":"0000950170-23-043505","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-08-18T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Patterson-UTI supplements proxy with DCF ranges; merger lawsuit filed","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Patterson-UTI voluntarily supplements proxy to address stockholder lawsuit alleging disclosure deficiencies in merger voting materials.","Goldman Sachs DCF analysis: Patterson-UTI standalone PV $16.90-$28.77/share; NexTier $12.42-$20.91/share; combined $18.14-$30.80/share.","Net debt used: Patterson-UTI ~$670M, NexTier ~$204M, pro forma combined ~$874M; share counts of 213.4M, 236.3M, 391M respectively.","Special shareholder meetings remain scheduled for August 30, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288986,"accession_number":"0000950170-23-042391","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-08-14T23:59:59+00:00","items":["2.01","3.02","7.01","8.01","9.01"],"status":"ready","headline":"Patterson-UTI closes acquisition of Ulterra for $370M cash and 34.9M shares","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration includes $370M cash and 34.9M shares of PTEN common stock.","Cash portion funded with cash on hand and $325M drawn from revolving credit facility.","Ulterra adds Middle East presence and BitHub data platform, complementing PTEN+.","Ulterra strengthens Patterson-UTI's position in North American PDC drill bit market.","Ulterra shares subject to 120-day lockup pending NexTier merger stockholder vote."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288985,"accession_number":"0000950170-23-042007","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-08-14T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Patterson-UTI provides merger update; proxy statement mailed for NexTier deal","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Registration statement for merger with NexTier declared effective July 31, 2023.","Joint proxy statement/prospectus mailed to stockholders on or about August 1, 2023.","Investor presentation delivered at Piper Sandler conference August 14-16, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288984,"accession_number":"0001193125-23-196872","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-07-28T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Patterson-UTI and NexTier clear HSR waiting period for pending all-stock merger","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["HSR Act waiting period expired July 27, 2023, satisfying one key closing condition for the merger.","Merger remains subject to shareholder approvals of both companies and other customary conditions.","The parties executed a first amendment to the merger agreement related to the Delaware voting standard for the charter amendment proposal.","Transaction remains on track to close in 2023; no financial terms revised."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288983,"accession_number":"0000950170-23-034794","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-07-26T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q2 net income $84.6M ($0.40/share), revenue $759M; cuts 2023 capex to $485M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $84.6M ($0.40 diluted EPS) vs. $99.7M ($0.46) in Q1; revenue fell 4% to $759M.","Contract drilling avg rig margin/day up $1,030 to $16,910; Q3 avg U.S. rig count expected ~119.","Pressure pumping Q2 revenue $250M, adj. gross margin $53.8M; expects Q3 revenue ~$230M and margin $37M.","Lowers 2023 capex forecast to $485M from prior; repurchased 1.8M shares in Q2, returned $126M in H1.","Declared $0.08/share dividend payable Sept 21, 2023; $281M remains under share repurchase authorization."],"consensus_eps_estimate":null,"consensus_eps_actual":0.87,"consensus_revenue_estimate":null,"consensus_revenue_actual":1550687000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288982,"accession_number":"0001193125-23-188205","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-07-17T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Patterson-UTI provides Ulterra 2022 audited & Q1 2023 unaudited financials for pending mergers","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Ulterra 2022 revenue $370M, net income $29M; total assets $647M as of Dec 31, 2022.","Ulterra Q1 2023 unaudited financials (not summarized here separately) also included.","Mergers with NexTier Oilfield Solutions and BEP Diamond Holdings (Ulterra) remain pending.","Audited financials show Ulterra operating income $75.6M and EBITDA (not directly stated) but capex $83M on rental equipment.","Filing provides consent of BDO USA, P.A. for Ulterra financial statements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288981,"accession_number":"0001193125-23-181582","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-07-05T23:59:59+00:00","items":["1.01","3.02","7.01","8.01","9.01"],"status":"ready","headline":"Patterson-UTI acquires Ulterra for $370M cash + 34.9M shares; Q3 close expected","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquires Ulterra, a leading PDC drill bit provider, for $370M cash and 34.9M shares of PTEN common stock.","Ulterra's 2023 EBITDA expected between $160M and $180M; revenue synergies expected within first year.","Ulterra's BitHub data platform complements PTEN+ and combined data analytics with NexTier merger.","Closing expected in Q3 2023, subject to HSR and customary conditions; Blackstone entered voting agreement supporting NexTier merger.","John Clunan will continue to lead Ulterra, reporting to Mike Holcomb; headquarters remain in Fort Worth."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309694,"accession_number":"0001193125-23-168250","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-06-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Patterson-UTI to merge with NexTier in all-stock deal; combined enterprise value $5.4B","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["All-stock merger of equals; PTEN shareholders own 55%, NexTier 45%; exchange ratio 0.7520.","Combined annualized revenue $6.9B, adj. EBITDA $1.9B; expect ~$200M annual cost synergies within 18 months.","Expected close Q4 2023; Andy Hendricks CEO, Curtis Huff Board Chair.","Net debt to TTM EBITDA 0.5x; targeting returning 50%+ of FCF to shareholders.","Creates leading drilling and completions provider with 172 super-spec rigs and 3.3M hydraulic horsepower."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309693,"accession_number":"0001193125-23-167408","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-06-15T23:59:59+00:00","items":["1.01","5.03","7.01","8.01","9.01"],"status":"ready","headline":"Patterson-UTI and NexTier to merge in all-stock merger of equals, approx $5.4B enterprise value","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Exchange ratio: 0.7520 PTEN shares per NEX share; PTEN holders own ~55%, NEX ~45% on fully diluted basis.","Combined enterprise value ~$5.4B; expected ~$200M annual cost & operational synergies within 18 months of close.","Leadership: Curtis Huff to chair board, Robert Drummond to serve as vice chair, Andy Hendricks to remain CEO.","Merger expected to be accretive to EPS and free cash flow per share in 2024; structured as tax-free to shareholders.","Support agreement covers ~32.3M NEX shares held by Keane Investor Holdings and Cerberus Capital Management."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309692,"accession_number":"0000950170-23-027033","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-06-08T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Patterson-UTI shareholders approve 5.445M share increase in LTIP; all directors elected","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved amendment to 2021 LTIP, increasing shares available by 5.445M to ~18.9M total.","All eight director nominees elected with strong support (over 88% votes for).","PricewaterhouseCoopers ratified as independent auditor for FY2023; 188.8M for, 5.2M against.","Advisory vote on executive compensation approved (181.5M for); frequency set at 1 year (174.2M for)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309691,"accession_number":"0000950170-23-022334","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-05-16T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patterson-UTI presents at TPH conference; no material updates","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Company delivered investor presentation at TPH & Co. Hotter 'N Hell Conference on May 16, 2023.","Presentation slides furnished via Form 8-K; no financial results or guidance changes were included.","No M&A, leadership changes, or other material events disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309690,"accession_number":"0000950170-23-014937","cik":889900,"company_name":"PATTERSON UTI ENERGY INC","ticker":"PTEN","form_type":"8-K","filed_at":"2023-04-27T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Patterson-UTI Q1 net income $99.7M ($0.46 EPS), revenue $792M; free cash flow $117M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $792M, net income $99.7M ($0.46 diluted EPS); same EPS as Q4 2022.","Free cash flow $117M; repurchased 5.6M shares for $73.6M and $9M debt for $7.8M.","2023 capex guidance cut from $550M to $510M; Q2 avg rig count expected down 2-3 rigs.","Term contract backlog for drilling rigs increased to ~$890M from $830M at Dec 31, 2022.","Quarterly dividend of $0.08/share declared, payable June 15 to holders of record June 1."],"consensus_eps_estimate":null,"consensus_eps_actual":0.46,"consensus_revenue_estimate":null,"consensus_revenue_actual":791802000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":4358010526.333334,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-04-27T23:59:59+00:00|309690"}