Every material Form 8-K Patterson-UTI Energy filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Patterson-UTI reported a third-quarter 2025 net loss attributable to common stockholders of $36 million, or $0.10 per share, on revenue of $1.2 billion. Revenue and adjusted EBITDA both fell from the second quarter, though the net loss narrowed from $49 million, and the company declared an unchanged $0.08 quarterly dividend. Management lowered its 2025 capital expenditure budget to below $600 million and gave a mixed fourth-quarter outlook by segment.
Q3 2025 revenue was $1.2 billion, down from $1.22 billion in Q2 2025 and $1.36 billion in Q3 2024.
Net loss attributable to common stockholders was $36 million ($0.10 per share), versus a $49 million loss in Q2 2025; adjusted net loss was $21 million.
Adjusted EBITDA was $219 million, down from $227 million in Q2 2025; a $20 million legal accrual weighed on results.
For Q4 2025, Completion Services adjusted gross profit is expected to be about $85 million, and Drilling Services adjusted gross profit is expected to fall about 5% from Q3.
Patterson-UTI Energy disclosed that director Leslie A. Beyer resigned from its Board effective September 18, 2025, after the U.S. Senate confirmed her as Assistant Secretary for Land and Minerals Management at the U.S. Department of the Interior. The company said the resignation was not due to any disagreement over its operations, policies or practices. The change reduces board membership but involves no financial results or guidance.
Beyer resigned as a director effective immediately on September 18, 2025.
Senate confirmed her appointment as Assistant Secretary for Land and Minerals Management on September 18, 2025.
The company stated the resignation was not a result of any disagreement with the company.
Patterson-UTI Energy promoted James M. Holcomb, its Executive Vice President and Chief Business Officer, to Chief Operating Officer, effective August 8, 2025. Holcomb has been with the company since February 1998 and has more than 35 years of experience in contract drilling operations, so the change moves an operations veteran into the top operating role.
James M. Holcomb promoted to Chief Operating Officer, effective August 8, 2025
Holcomb previously served as Executive Vice President and Chief Business Officer from September 2023 until August 2025
Holcomb joined Patterson-UTI in February 1998 and has over 35 years of experience in contract drilling operations
Patterson-UTI reported a second-quarter 2025 net loss attributable to common stockholders of $49 million, including a $28 million non-cash impairment tied to its Colombian drilling operations. Revenue was $1.2 billion, down from $1.28 billion in the first quarter and $1.35 billion a year earlier, and adjusted EBITDA fell to $231 million from $324 million in the second quarter of 2024. For shareholders, the filing also outlines a lower third-quarter Drilling Services gross profit outlook of approximately $130 million and a reduced 2025 maintenance capital expenditure expectation.
Net loss attributable to common stockholders of $49 million, or $0.13 per diluted share, versus net income of $11 million a year earlier
Total revenue of $1.2 billion; adjusted EBITDA of $231 million, compared with $324 million in the second quarter of 2024
Third-quarter Drilling Services adjusted gross profit expected at approximately $130 million; 2025 capital expenditures expected to be less than $600 million
Quarterly dividend of $0.08 per share declared, payable September 15, 2025 to holders of record as of September 2, 2025
Patterson-UTI reported first-quarter 2025 revenue of $1.3 billion and net income attributable to common stockholders of $1 million, compared with $51 million a year earlier. The company expects Drilling Services and Completion Services adjusted gross profit to decline slightly in the second quarter, and it declared a $0.08 quarterly dividend.
Revenue was $1.3 billion and adjusted EBITDA was $251 million, versus $375 million in the first quarter of 2024.
Diluted earnings per share were $0.00, compared with $0.13 a year earlier and a loss of $0.13 in the fourth quarter of 2024.
Second-quarter outlook: Drilling Services and Completion Services adjusted gross profit expected to decline slightly; Drilling Products expected flat.
Shareholder returns: $51 million returned in the quarter, including $20 million of buybacks; $741 million remains under the repurchase authorization; dividend of $0.08 payable June 16, 2025.
Patterson-UTI Energy's board appointed Forrest Robinson, previously its corporate controller, as Chief Accounting Officer, effective immediately. The filing says he has served the company in finance roles since 2020 and is a certified public accountant, and it reports no related-party transactions or family relationships tied to the appointment.
Forrest Robinson, 41, appointed Chief Accounting Officer on April 3, 2025, effective immediately
Robinson was corporate controller from January 2023 until April 2025 and assistant controller for financial reporting from October 2020 to January 2023
Prior roles include Callon Petroleum Company and Newfield Exploration Company; he is a certified public accountant
Patterson-UTI reported a fourth-quarter 2024 net loss of $52 million, or $0.13 per share, compared with net income of $62 million a year earlier. Revenue was $1.2 billion and adjusted EBITDA was $225 million, both down from the prior year and the prior quarter, with lower completion activity cited as a main factor. For shareholders, the quarter shows weaker profit, while the company's full-year free cash flow of $523 million and its 2025 outlook point to continued cash generation.
Q4 2024 revenue of $1.2 billion, versus $1.6 billion in Q4 2023 and $1.4 billion in Q3 2024
Net loss attributable to common stockholders of $52 million ($0.13 per share), including $3 million in merger and integration expenses; Q4 2023 showed a profit of $0.15 per share
Full-year 2024 adjusted free cash flow of $523 million; $417 million returned to shareholders in 2024, including $290 million in share repurchases
For 2025, expected capital expenditures of approximately $600 million and a first-quarter Completion Services adjusted gross profit of approximately $100 million
Patterson-UTI Energy entered a Second Amended and Restated Credit Agreement on January 31, 2025, providing $500 million of committed senior unsecured revolving credit that matures January 31, 2030. The filing replaces the company's credit agreement dated March 27, 2018 and sets borrowing costs tied to its credit rating.
Facility commitments of $500 million, with a $100 million letter of credit sub-facility and a swing line sub-facility of up to $50 million
Maturity date of January 31, 2030; commitments may be increased by up to $200 million, to a maximum of $700 million, subject to conditions
SOFR loans priced at a margin of 1.25% to 2.25% plus a 0.10% adjustment, with the margin set by the company's credit rating
Financial covenants include a total debt to capitalization ratio not exceeding 50% at each fiscal quarter end
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Patterson-UTI Energy filing is on SEC EDGAR ↗. 8-K briefs of other companies →