---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-188205"
form_type: "8-K"
ticker: "PTEN"
cik: "0000889900"
company_name: "PATTERSON UTI ENERGY INC"
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T08:00:08.259998+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-188205
- form_type: 8-K
- ticker: PTEN
- cik: 0000889900
- company_name: PATTERSON UTI ENERGY INC
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889900/000119312523188205/0001193125-23-188205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889900/000119312523188205/d498105d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-188205
- JSON: https://secwatch.observer/filing/0001193125-23-188205.json
- Plain text: https://secwatch.observer/filing/0001193125-23-188205.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.