secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2026-07-29T22:12:57+00:00
Accession:  0000889900-26-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000088990026000050/0000889900-26-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000088990026000050/pten-20260729.htm
  HTML page:      https://secwatch.observer/filing/0000889900-26-000050

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