---
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"
generated_at: "2026-05-15T04:45:37.749438+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Patterson-UTI Q1 net loss $25M on $1.1B revenue; Q2 guide sees rig reactivations

## Summary
- 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.

## SEC filing metadata
- 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
- 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/889900/000088990026000026/0000889900-26-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889900/000088990026000026/pten-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000889900-26-000026
- JSON: https://secwatch.observer/filing/0000889900-26-000026.json
- Plain text: https://secwatch.observer/filing/0000889900-26-000026.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended March 31, 2026
  - Revenue: $1.1 billion
  - Net income: Net Loss Attributable to Common Stockholders of $25 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/889900/000088990026000026/0000889900-26-000026-index.htm

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