{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-060539","form_type":"8-K","ticker":"PTEN","cik":"0000889900","company_name":"PATTERSON UTI ENERGY INC","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.296144+00:00","generated_at":"2026-06-08T12:33:01.939264+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Patterson-UTI Q3 rev $1.0B, adj EPS $0.20; Q4 guidance implies big growth from acquisitions","bullets":["Q3 total revenue $1.0B; net income $0.1M ($0.00 EPS); adjusted net income $55M ($0.20 EPS); adjusted EBITDA $277M.","Completed merger with NexTier (Sep 1) and acquisition of Ulterra (Aug 14); realigned into Drilling Services, Completion Services, Drilling Products segments.","Q4 outlook: Drilling Services avg 118 rigs, rev per day $35,400, margin $16,100; Completion Services rev ~$950M, margin ~$200M; Drilling Products rev ~$90M.","Expects $200M run-rate synergies from NexTier by Q1 2025; issued $400M senior notes due 2033; returned $191M YTD via dividends and buybacks."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-060539","json":"https://secwatch.observer/filing/0000950170-23-060539.json","markdown":"https://secwatch.observer/filing/0000950170-23-060539.md","text":"https://secwatch.observer/filing/0000950170-23-060539.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889900/000095017023060539/0000950170-23-060539-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889900/000095017023060539/pten-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T12:33:01.939264+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":"91f16be241bc581d1680aaf61c79df0df137f471","claim":"PATTERSON UTI ENERGY INC reported the three and nine months ended September 30, 2023 results: revenue Total revenue of $1.0 billion, net income Net income attributable to common stockholders of $0.1 million, or $0.00 per share, EPS $0.00 per share.","evidence_excerpt":"days from Ulterra Drilling Technologies, beginning on August 14, 2023, through the end of the quarter Third Quarter 2023 Financial Results and Other Key Items • Total revenue of $1.0 billion • Net income attributable to common stockholders of $0.1 million, or $0.00 per share o Includes $70 million in merger and integration expenses, partially offset by the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889900/000095017023060539/0000950170-23-060539-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and nine months ended September 30, 2023"},{"label":"Revenue","value":"Total revenue of $1.0 billion"},{"label":"Net income","value":"Net income attributable to common stockholders of $0.1 million, or $0.00 per share"},{"label":"EPS","value":"$0.00 per share"},{"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"}