---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-032884"
form_type: "8-K"
ticker: "PTEN"
cik: "0000889900"
company_name: "PATTERSON UTI ENERGY INC"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:33:37.529892+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Patterson-UTI Q2 net income $11M; adjusted EBITDA $324M; returned $164M to shareholders

## Summary
- Total revenue $1.3B; net income $11M ($0.03 EPS); includes $11M in merger and integration expenses.
- Adjusted EBITDA $324M; YTD cash from ops $563M, free cash flow $206M; Q2 shareholder return $164M.
- Declared $0.08/share dividend payable Sept 16, 2024; $819M remaining share repurchase authorization.
- U.S. Contract Drilling revenue $378M; avg rig revenue $36,430/day; adjusted gross profit $16,190/day.
- Q3 outlook: avg 108 U.S. rigs; Completion Services white space to persist but improve sequentially.

## SEC filing metadata
- accession: 0001628280-24-032884
- form_type: 8-K
- ticker: PTEN
- cik: 0000889900
- company_name: PATTERSON UTI ENERGY INC
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889900/000162828024032884/0001628280-24-032884-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889900/000162828024032884/pten-20240724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-032884
- JSON: https://secwatch.observer/filing/0001628280-24-032884.json
- Plain text: https://secwatch.observer/filing/0001628280-24-032884.txt

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