secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001193125-23-188205
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000119312523188205/0001193125-23-188205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000119312523188205/d498105d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-188205

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer