secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0000889900-25-000071
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 Q3 net loss $36M, adj EBITDA $219M; guides Q4 adj gross profit down
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000088990025000071/0000889900-25-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000088990025000071/pten-20251022.htm
  HTML page:      https://secwatch.observer/filing/0000889900-25-000071

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