Oct 28, 6:55 PM ET
Patterson-UTI reported third-quarter 2026 revenue of $1.3 billion, up 9% from the prior quarter, and net income attributable to common stockholders of $28 million, or $0.07 per diluted share, compared with a loss of $36 million in the same quarter of 2025. The company also declared a $0.10 quarterly dividend and gave fourth-quarter adjusted gross profit targets for its drilling and completion segments, with Drilling Products expected to decline.
- Q3 2026 revenue of $1.3 billion, up 9% sequentially; Q3 2026 Adjusted EBITDA of $264 million
- Net income attributable to common stockholders of $28 million ($0.07 per diluted share) versus a $20 million loss in Q2 2026
- Q4 2026 outlook: Drilling Services adjusted gross profit of $150 million and Completion Services of $140 million; Drilling Products expected to fall 5-10% sequentially
- Declared a $0.10 per share dividend payable December 15, 2026 to holders of record as of December 1, 2026
Read the filing on SEC.gov ↗
Jul 29, 6:12 PM ET
Patterson-UTI reported second-quarter 2026 revenue of $1.2 billion, up 10% from the first quarter, and a net loss attributable to common stockholders of $20 million, or $0.05 per share, narrowed from $25 million in the first quarter. Excluding a $21 million Colombia exit charge and a $5 million write-down of other noncontrolling investments, adjusted net income was $1 million, and the company expects further growth in drilling and completion activity and pricing in the third quarter.
- Q2 2026 revenue of $1,227,967 thousand, up from $1,117,331 thousand in Q1 2026; Adjusted EBITDA of $232 million versus $205 million in Q1 2026
- Net loss attributable to common stockholders of $20 million ($0.05 per share) versus $25 million ($0.06 per share) in Q1 2026
- Third-quarter outlook: Drilling Services adjusted gross profit of about $145 million and Completion Services about $140 million; total 2026 capital expenditures still expected at about $600 million
- Quarterly dividend of $0.10 per share declared, payable September 15, 2026 to holders of record as of September 1, 2026
Read the filing on SEC.gov ↗
Jun 4, 4:58 PM ET
At its June 4, 2026 annual meeting, Patterson-UTI stockholders approved an amendment adding 28.9 million shares to the 2021 Long-Term Incentive Plan and elected all ten director nominees. The same day, the company completed the redemption of all approximately $482.5 million of its 3.95% Senior Notes due 2028, funded in part by a $500 million offering of 6.050% Senior Notes due 2036. The share increase expands the pool available for equity awards under the plan.
- Amendment approved with 319,700,114 votes for and 7,391,767 against, plus 18,069,100 broker non-votes.
- All ten director nominees elected; Julie J. Robertson had the most votes withheld, at 9,622,050.
- On June 4, 2026, the company redeemed all approximately $482.5 million of its 3.95% Senior Notes due 2028 at 100% of principal, plus accrued interest.
- The redemption was partly funded by $500 million of 6.050% Senior Notes due 2036, which closed May 19, 2026.
Read the filing on SEC.gov ↗
May 19, 4:07 PM ET
Patterson-UTI Energy completed a $500 million offering of 6.050% Senior Notes due 2036 on May 19, 2026. The company plans to use the net proceeds to redeem its 3.95% Senior Notes due 2028 and for general corporate purposes, which changes the mix and cost of its debt.
- Notes: $500 million aggregate principal, 6.050% interest, maturing May 15, 2036
- Interest payable May 15 and November 15 each year
- Proceeds intended to redeem outstanding 3.95% Senior Notes due 2028 and for general corporate purposes
- Notes are senior unsecured; none of the subsidiaries are currently required to guarantee them
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.