---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000087"
form_type: "8-K"
ticker: "PTEN"
cik: "0000889900"
company_name: "PATTERSON UTI ENERGY INC"
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:38:50.990683+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Patterson-UTI expects Q4 2022 net income >$100M, adj. EBITDA >$230M

## Summary
- Expects Q4 2022 net income to exceed $100M and adjusted EBITDA to surpass $230M.
- Returned $74.3M to shareholders in Q4: $57.2M buybacks (~3.3M shares) plus dividend.
- Repurchased $22.4M of long-term debt during Q4.
- Contract drilling average rig revenue per day benefited from favorable contract renewals.
- Pressure pumping benefited from strong pricing and utilization; holiday downtime less severe than forecast.

## SEC filing metadata
- accession: 0000950170-23-000087
- form_type: 8-K
- ticker: PTEN
- cik: 0000889900
- company_name: PATTERSON UTI ENERGY INC
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889900/000095017023000087/0000950170-23-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889900/000095017023000087/pten-20230104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000087
- JSON: https://secwatch.observer/filing/0000950170-23-000087.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000087.txt

## Key facts
- Earnings Releases
  PATTERSON UTI ENERGY INC reported the fourth quarter of 2022 results: net income exceed $100 million.
  - Period: the fourth quarter of 2022
  - Net income: exceed $100 million
  - Result: preliminary results
  source text: Patterson-UTI Energy, Inc. (NASDAQ: PTEN) announced today that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections.
  evidence_url: https://www.sec.gov/Archives/edgar/data/889900/000095017023000087/0000950170-23-000087-index.htm

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