---
schema_version: "secwatch.filing_event.v1"
accession: "0000889900-26-000050"
form_type: "8-K"
ticker: "PTEN"
cik: "0000889900"
company_name: "PATTERSON UTI ENERGY INC"
filed_at: "2026-07-29T22:12:57+00:00"
generated_at: "2026-07-30T10:06:11.088978+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Patterson-UTI Q2 revenue $1.2B, net loss $20M; sees Q3 growth in drilling and completion

## Summary
- Q2 total revenue $1.2B (+10% sequentially); net loss $20M; adjusted net income $1M.
- Adjusted EBITDA $232M; declared $0.10/share dividend payable Sept 15, record Sept 1.
- Drilling Services: avg 92 U.S. rigs, exit 96; 10-15% pricing increases on new term contracts.
- Completion Services revenue $754M, adjusted gross profit $123M; revenue per pump hour up mid-single digit %.
- Q3 outlook: Drilling Services avg ~100 rigs, adj. gross profit ~$145M; Completion adj. gross profit ~$140M.

## SEC filing metadata
- accession: 0000889900-26-000050
- form_type: 8-K
- ticker: PTEN
- cik: 0000889900
- company_name: PATTERSON UTI ENERGY INC
- filed_at: 2026-07-29T22:12:57+00:00
- event_type: earnings
- sentiment: positive
- 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/889900/000088990026000050/0000889900-26-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889900/000088990026000050/pten-20260729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000889900-26-000050
- JSON: https://secwatch.observer/filing/0000889900-26-000050.json
- Plain text: https://secwatch.observer/filing/0000889900-26-000050.txt

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