{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-015489","form_type":"8-K","ticker":"PTEN","cik":"0000889900","company_name":"PATTERSON UTI ENERGY INC","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.186663+00:00","generated_at":"2026-06-06T01:49:04.657404+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Patterson-UTI Q4 2023: revenue $1.58B, adj. EPS $0.19; plans $400M+ shareholder returns in 2024","bullets":["Net income $62M ($0.15 diluted); adjusted net income $78M ($0.19) excluding $20M merger costs.","Adjusted EBITDA $409M; free cash flow $247M; returned $110M to shareholders via dividends and buybacks.","Completion Services revenue $1.014B with adj. gross profit $232M, outperforming expectations.","2024 capex budget $740M; expects at least $400M shareholder returns, targeting >50% of FCF.","NexTier synergy run-rate exceeded $100M annually; term contracts for 79 rigs in Q1 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-015489","json":"https://secwatch.observer/filing/0000950170-24-015489.json","markdown":"https://secwatch.observer/filing/0000950170-24-015489.md","text":"https://secwatch.observer/filing/0000950170-24-015489.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889900/000095017024015489/0000950170-24-015489-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889900/000095017024015489/pten-20240214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:49:04.657404+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":"16fe5c0ff18c51506425c41848c252c69396d3a7","claim":"PATTERSON UTI ENERGY INC reported the three and twelve months ended December 31, 2023 results: revenue $1.58 billion, net income $62 million, EPS $0.15 per share.","evidence_excerpt":"Total revenue of $1.58 billion • Net income attributable to common stockholders of $62 million, or $0.15 per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889900/000095017024015489/0000950170-24-015489-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and twelve months ended December 31, 2023"},{"label":"Revenue","value":"$1.58 billion"},{"label":"Net income","value":"$62 million"},{"label":"EPS","value":"$0.15 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"}