---
schema_version: "secwatch.filing_event.v1"
accession: "0000889900-25-000071"
form_type: "8-K"
ticker: "PTEN"
cik: "0000889900"
company_name: "PATTERSON UTI ENERGY INC"
filed_at: "2025-10-23T23:59:59+00:00"
generated_at: "2026-05-17T02:39:11.167677+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Patterson-UTI Q3 net loss $36M, adj EBITDA $219M; guides Q4 adj gross profit down

## Summary
- 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.

## SEC filing metadata
- accession: 0000889900-25-000071
- form_type: 8-K
- ticker: PTEN
- cik: 0000889900
- company_name: PATTERSON UTI ENERGY INC
- filed_at: 2025-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889900/000088990025000071/0000889900-25-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889900/000088990025000071/pten-20251022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000889900-25-000071
- JSON: https://secwatch.observer/filing/0000889900-25-000071.json
- Plain text: https://secwatch.observer/filing/0000889900-25-000071.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.