{"schema_version":"secwatch.filing_event.v1","accession":"0000889900-26-000026","form_type":"8-K","ticker":"PTEN","cik":"0000889900","company_name":"PATTERSON UTI ENERGY INC","filed_at":"2026-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.880994+00:00","generated_at":"2026-05-15T04:45:37.749438+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Patterson-UTI Q1 net loss $25M on $1.1B revenue; Q2 guide sees rig reactivations","bullets":["Q1 net loss $25M; adjusted EBITDA $205M; revenue $1.1B.","Drilling Services: revenue $352M, adj. gross profit $134M; avg 92 rigs working.","Completion Services: revenue $680M, adj. gross profit $98M; near full utilization.","Q2 outlook: Drilling Services avg ~90 rigs, adj. gross profit ~$130M including $5M reactivation costs.","Dividend declared $0.10/share, payable June 15, 2026; Middle East disruption impacted Drilling Products."],"urls":{"canonical":"https://secwatch.observer/filing/0000889900-26-000026","json":"https://secwatch.observer/filing/0000889900-26-000026.json","markdown":"https://secwatch.observer/filing/0000889900-26-000026.md","text":"https://secwatch.observer/filing/0000889900-26-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889900/000088990026000026/0000889900-26-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889900/000088990026000026/pten-20260422.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:45:37.749438+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":[{"claim_id":"0b48606a0faa246ff3cdbf09d9d05b93611591c7","claim":"PATTERSON UTI ENERGY INC reported the three months ended March 31, 2026 results: revenue $1.1 billion, net income Net Loss Attributable to Common Stockholders of $25 million.","evidence_excerpt":"PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the quarter ended March 31, 2026 . First Quarter 2026 Financial Results and Other Key Items • First Quarter 2026 Total Revenue of $1.1 billion • First Quarter 2026 Net Loss Attributable to Common Stockholders of $25 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889900/000088990026000026/0000889900-26-000026-index.htm","confidence":0.92,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2026"},{"label":"Revenue","value":"$1.1 billion"},{"label":"Net income","value":"Net Loss Attributable to Common Stockholders of $25 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}