secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0000889900-25-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patterson-UTI Q4 net loss $52M, adj EBITDA $225M; FY 2025 capex guided ~$600M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000088990025000031/0000889900-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000088990025000031/pten-20250205.htm
  HTML page:      https://secwatch.observer/filing/0000889900-25-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer