{"schema_version":"secwatch.filing_event.v1","accession":"0000889900-24-000013","form_type":"8-K","ticker":"PTEN","cik":"0000889900","company_name":"PATTERSON UTI ENERGY INC","filed_at":"2024-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.280832+00:00","generated_at":"2026-05-30T10:49:03.460242+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Patterson-UTI posts Q3 net loss of $979M on $1.4B revenue; goodwill impairment $885M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000889900-24-000013","json":"https://secwatch.observer/filing/0000889900-24-000013.json","markdown":"https://secwatch.observer/filing/0000889900-24-000013.md","text":"https://secwatch.observer/filing/0000889900-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889900/000088990024000013/0000889900-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889900/000088990024000013/pten-20241023.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T10:49:03.460242+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}