{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-034794","form_type":"8-K","ticker":"PTEN","cik":"0000889900","company_name":"PATTERSON UTI ENERGY INC","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.898636+00:00","generated_at":"2026-06-13T02:36:46.911534+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Patterson-UTI Q2 net income $84.6M ($0.40/share), revenue $759M; cuts 2023 capex to $485M","bullets":["Net income of $84.6M ($0.40 diluted EPS) vs. $99.7M ($0.46) in Q1; revenue fell 4% to $759M.","Contract drilling avg rig margin/day up $1,030 to $16,910; Q3 avg U.S. rig count expected ~119.","Pressure pumping Q2 revenue $250M, adj. gross margin $53.8M; expects Q3 revenue ~$230M and margin $37M.","Lowers 2023 capex forecast to $485M from prior; repurchased 1.8M shares in Q2, returned $126M in H1.","Declared $0.08/share dividend payable Sept 21, 2023; $281M remains under share repurchase authorization."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-034794","json":"https://secwatch.observer/filing/0000950170-23-034794.json","markdown":"https://secwatch.observer/filing/0000950170-23-034794.md","text":"https://secwatch.observer/filing/0000950170-23-034794.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889900/000095017023034794/0000950170-23-034794-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889900/000095017023034794/pten-20230726.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:36:46.911534+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":"9b4e443043026acb24c5c8f9615a912f03cd43b7","claim":"PATTERSON UTI ENERGY INC reported the quarter ended June 30, 2023 results: revenue $759 million, net income $84.6 million, EPS $0.40 per share. Guidance lowered.","evidence_excerpt":"PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the quarter ended June 30, 2023. The Company reported net income of $84.6 million, or $0.40 per share, for the second quarter of 2023, compared to net income of $99.7 million, or $0.46 per share, for the first quarter of 2023. Revenues for the second quarter of 2023 were $759 million, compared to $792 million for the first quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889900/000095017023034794/0000950170-23-034794-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$759 million"},{"label":"Net income","value":"$84.6 million"},{"label":"EPS","value":"$0.40 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"}