{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-014937","form_type":"8-K","ticker":"PTEN","cik":"0000889900","company_name":"PATTERSON UTI ENERGY INC","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.653538+00:00","generated_at":"2026-06-16T10:42:35.974520+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Patterson-UTI Q1 net income $99.7M ($0.46 EPS), revenue $792M; free cash flow $117M","bullets":["Revenue $792M, net income $99.7M ($0.46 diluted EPS); same EPS as Q4 2022.","Free cash flow $117M; repurchased 5.6M shares for $73.6M and $9M debt for $7.8M.","2023 capex guidance cut from $550M to $510M; Q2 avg rig count expected down 2-3 rigs.","Term contract backlog for drilling rigs increased to ~$890M from $830M at Dec 31, 2022.","Quarterly dividend of $0.08/share declared, payable June 15 to holders of record June 1."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-014937","json":"https://secwatch.observer/filing/0000950170-23-014937.json","markdown":"https://secwatch.observer/filing/0000950170-23-014937.md","text":"https://secwatch.observer/filing/0000950170-23-014937.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889900/000095017023014937/0000950170-23-014937-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889900/000095017023014937/pten-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T10:42:35.974520+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":"5e5f25246786db01de4778c10eff755cc609b1dc","claim":"PATTERSON UTI ENERGY INC reported the quarter ended March 31, 2023 results: revenue $792 million, net income $99.7 million, or $0.46 per share. Guidance lowered.","evidence_excerpt":"PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the quarter ended March 31, 2023. The Company reported net income of $99.7 million, or $0.46 per share, for the first quarter of 2023, compared to net income of $100 million, or $0.46 per share, for the fourth quarter of 2022. Revenues for the first quarter of 2023 were $792 million, compared to $788 million for the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889900/000095017023014937/0000950170-23-014937-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$792 million"},{"label":"Net income","value":"$99.7 million, or $0.46 per share"},{"label":"Guidance","value":"lowered"},{"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"}