Highest-materiality recent filing
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 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 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 Q2 2025 net loss $49M, Adj. EBITDA $231M, revenue $1.2B
Net loss of $49M includes $28M impairment of Colombian operations; Adj. EBITDA $231M.
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 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 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 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