secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0000889900-25-000053
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patterson-UTI Q2 2025 net loss $49M, Adj. EBITDA $231M, revenue $1.2B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000088990025000053/0000889900-25-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000088990025000053/pten-20250723.htm
  HTML page:      https://secwatch.observer/filing/0000889900-25-000053

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