Forrest Robinson
On April 3, 2025, the Board of Directors of Patterson-UTI Energy, Inc. (the “Company”) approved the appointment of Forrest Robinson, 41, to the position of Chief Accounting Officer, effective immediately.
Highest-materiality recent filing
Presentation furnished under Item 7.01 Regulation FD; not incorporated by reference.
Patterson-UTI issues $500M of 6.050% Senior Notes due 2036 to refinance 2028 notes
Issued $500M aggregate principal of 6.050% Senior Notes due May 15, 2036.
Patterson-UTI Energy prices $500M 6.050% Senior Notes due 2036, to redeem 2028 notes
Issued $500M of 6.050% Senior Notes due 2036; net proceeds to redeem $482.5M of 3.95% 2028 Notes.
Patterson-UTI extends $450M of revolver maturity to 2031; assigns $25M to JPMorgan
Extended maturity date for $450M of revolving credit commitments from Jan 2030 to Jan 2031.
Patterson-UTI Q1 net loss $25M on $1.1B revenue; Q2 guide sees rig reactivations
Q1 net loss $25M; adjusted EBITDA $205M; revenue $1.1B.
Patterson-UTI Q4 rev $1.2B, net loss $9M, raises dividend 25% to $0.10
Q4 2025 total revenue $1.2B; net loss $9M; adjusted EBITDA $221M.
Patterson-UTI updates Q4 2025 guidance; details not in filing excerpt
Company issued an investor presentation on January 5, 2026, updating previously reported Q4 2025 guidance.
Patterson-UTI Q3 net loss $36M, adj EBITDA $219M; guides Q4 adj gross profit down
Revenue $1.2B; net loss $36M ($0.08/sh); adj net loss $21M.
Patterson-UTI Energy director Leslie Beyer resigns after Senate confirmation as Assistant Secretary
Leslie Beyer resigned from Patterson-UTI's Board of Directors on September 18, 2025, effective immediately.
Patterson-UTI files investor presentation; content truncated in filing excerpt
Filed investor presentation as Exhibit 99.1 on September 2, 2025.
Patterson-UTI promotes James M. Holcomb to COO effective August 8, 2025
James M. Holcomb, formerly EVP and Chief Business Officer, named Chief Operating Officer effective August 8, 2025.
Patterson-UTI Q2 2025 net loss $49M, Adj. EBITDA $231M, revenue $1.2B
Net loss of $49M includes $28M impairment of Colombian operations; Adj. EBITDA $231M.
Patterson-UTI shareholders elect all 11 directors, ratify auditor, approve say-on-pay
All 11 director nominees elected with >321M votes for each; broker non-votes ~21.2M.
Patterson-UTI Energy provides investor presentation with limited detail in filing excerpt
The 8-K filing includes an investor presentation dated June 2, 2025, but the exhibit text provided is truncated and lacks specific numbers.
Q1 2025 revenue $1.3B, net income $1M; adjusted EBITDA $251M; Q2 guidance steady
Total revenue $1.3B, net income $1M, adjusted EBITDA $251M; cash from operations not disclosed.
Patterson-UTI names Forrest Robinson as Chief Accounting Officer
Forrest Robinson appointed CAO effective April 3, 2025.
Patterson-UTI Q4 net loss $52M, adj EBITDA $225M; FY 2025 capex guided ~$600M
Total revenue $1.2B; net loss $0.13/share incl. $3M merger expenses.
Patterson-UTI enters $500M credit facility maturing Jan 2030; amends prior agreement
$500M revolving credit facility with Wells Fargo; matures Jan 31, 2030.
Patterson-UTI Energy files investor presentation on Form 8-K; slides not available in excerpt
Furnished an investor presentation dated January 6, 2025 as Exhibit 99.1.
Patterson-UTI posts Q3 net loss of $979M on $1.4B revenue; goodwill impairment $885M
Net loss $979M ($2.50/share) includes $885M goodwill impairment and $114M asset retirement charge; adjusted net income $2M ($0.00/share).
Patterson-UTI to take 15% stake in ADNOC Drilling JV for 144-well unconventional project
Patterson-UTI subsidiary signs JV agreement; will hold 15% minority equity in Turnwell, formed by ADNOC Drilling.
Patterson-UTI discloses investor presentation on Sept 3, 2024; no material news contained
Company furnished an investor presentation dated September 3, 2024, as Exhibit 99.1.
Patterson-UTI EVP & CBO Holcomb to transition to advisor by 2026/2027, waives good reason
James M. Holcomb to remain EVP & CBO until Dec 31, 2026 (if elected) or Dec 31, 2027; then advisor to Sep 30, 2030.
Patterson-UTI Q2 net income $11M; adjusted EBITDA $324M; returned $164M to shareholders
Total revenue $1.3B; net income $11M ($0.03 EPS); includes $11M in merger and integration expenses.
All 11 director nominees elected; largest withhold of 54.5M shares against James C. Stewart.
Patterson-UTI signs term sheet with ADNOC Drilling for $1.7B unconventional well project in UAE
Patterson-UTI subsidiary signs non-binding term sheet to take minority equity stake in Turnwell Industries LLC OPC, formed by ADNOC Drilling.
Net income $51M ($0.13 EPS); adjusted net income $61M ($0.15 EPS); includes $12M merger costs.
On April 3, 2025, the Board of Directors of Patterson-UTI Energy, Inc. (the “Company”) approved the appointment of Forrest Robinson, 41, to the position of Chief Accounting Officer, effective immediately.
Pursuant to the Holcomb Agreement, Mr. Holcomb will continue in his role as Executive Vice President and Chief Business Officer of the Company until (i) December 31, 2026 (if Mr. Holcomb so elects and provides at least three months’ prior notice to the Company), or (ii) December 31, 2027 (as applicable, the “Transition Date”). From the Transition Date through September 30, 2030, Mr. Holcomb has agreed to serve as a non-executive advisor
Max materiality 0.80 · Median 0.55 · Most common event earnings