{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-019694","form_type":"8-K","ticker":"PTEN","cik":"0000889900","company_name":"PATTERSON UTI ENERGY INC","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.326968+00:00","generated_at":"2026-06-03T01:30:15.143117+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Patterson-UTI reports Q1 revenue $1.5B, net income $51M; free cash flow $139M; returns $130M to shareholders","bullets":["Net income $51M ($0.13 EPS); adjusted net income $61M ($0.15 EPS); includes $12M merger costs.","Revenue $1.5B; Completion Services $945M, Drilling Services $458M, Drilling Products $90M.","Adjusted EBITDA $375M; free cash flow $139M; achieved $200M annualized NexTier synergy target.","Returned $130M to shareholders in Q1; repurchased 9M shares for $98M; dividend $0.08/share payable June 17.","Q2 outlook: Drilling Services avg 114 rigs; Completion Services rev ~$860M, adj gross profit ~$170M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-019694","json":"https://secwatch.observer/filing/0001628280-24-019694.json","markdown":"https://secwatch.observer/filing/0001628280-24-019694.md","text":"https://secwatch.observer/filing/0001628280-24-019694.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889900/000162828024019694/0001628280-24-019694-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889900/000162828024019694/pten-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T01:30:15.143117+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}