Patterson-UTI provides Ulterra 2022 audited & Q1 2023 unaudited financials for pending mergers

PATTERSON UTI ENERGY INC

Ulterra 2022 revenue $370M, net income $29M; total assets $647M as of Dec 31, 2022.
Ulterra Q1 2023 unaudited financials (not summarized here separately) also included.
Mergers with NexTier Oilfield Solutions and BEP Diamond Holdings (Ulterra) remain pending.
Audited financials show Ulterra operating income $75.6M and EBITDA (not directly stated) but capex $83M on rental equipment.
Filing provides consent of BDO USA, P.A. for Ulterra financial statements.

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