secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001628280-25-019463
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q1 2025 revenue $1.3B, net income $1M; adjusted EBITDA $251M; Q2 guidance steady
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- Total revenue $1.3B, net income $1M, adjusted EBITDA $251M; cash from operations not disclosed.
- Returned $51M to shareholders: $20M share repurchases, $0.08/share dividend payable June 16.
- Drilling Services revenue $413M, adj. gross profit $165M; Completion Services $766M, $108M; Drilling Products $86M, $39M.
- Q2 guidance: rig count steady vs Q1; slight decline in Drilling and Completion adj. gross profit; divested Great Plains Oilfield Rental.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000162828025019463/0001628280-25-019463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000162828025019463/pten-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-019463

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