Every material Form 8-K Patterson-UTI Energy filed with the SEC in 2026, 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 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
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
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.
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
Patterson-UTI Energy entered into an amendment to its existing credit agreement on April 24, 2026. The amendment extends the maturity of $450 million of revolving credit commitments from January 31, 2030 to January 31, 2031, and moves $25 million of commitments from HSBC to JPMorgan Chase.
Amendment dated April 24, 2026, amends the credit agreement dated January 31, 2025, with Wells Fargo as administrative agent
$450 million of revolving commitments from certain lenders now mature January 31, 2031, instead of January 31, 2030
$25 million of revolving commitments assigned from HSBC Bank USA to JPMorgan Chase Bank
Patterson-UTI reported first-quarter 2026 revenue of $1.1 billion and a net loss attributable to common stockholders of $25 million, compared with net income of $1 million in the first quarter of 2025 and revenue of $1.28 billion. The company guided to second-quarter adjusted gross profit of about $130 million for Drilling Services and about $105 million for Completion Services, and declared a $0.10 quarterly dividend.
Q1 2026 revenue of $1.1 billion, versus $1.28 billion in Q1 2025 and $1.15 billion in Q4 2025
Net loss attributable to common stockholders of $25 million ($0.06 per diluted share), versus net income of $1 million in Q1 2025
Adjusted EBITDA of $205 million, versus $251 million in Q1 2025
Q2 2026 guidance: Drilling Services adjusted gross profit about $130 million; Completion Services about $105 million; quarterly dividend of $0.10 per share payable June 15, 2026
Patterson-UTI reported fourth-quarter 2025 revenue of $1.15 billion, down from $1.18 billion in the third quarter and $1.16 billion a year earlier, and a net loss of $9 million, narrower than the prior quarter and the year-earlier period. For full-year 2025, revenue fell to $4.83 billion from $5.38 billion, and adjusted free cash flow was $416 million, down from $523 million in 2024. The company also raised its quarterly dividend 25% to $0.10 per share and expects first-quarter 2026 Completion Services adjusted gross profit of about $95 million, down from $111 million in the fourth quarter.
Q4 2025 revenue of $1.15 billion, versus $1.18 billion in Q3 2025 and $1.16 billion in Q4 2024
Q4 2025 net loss attributable to common stockholders of $9 million, versus $36 million in Q3 2025 and $52 million in Q4 2024
Q4 2025 adjusted EBITDA of $221 million, versus $225 million in Q4 2024
Quarterly dividend raised 25% to $0.10 per share, payable March 16, 2026 to holders of record as of March 2, 2026
Patterson-UTI furnished an investor presentation dated January 5, 2026 that includes updates to its previously issued fourth-quarter 2025 guidance. The filing does not state the updated guidance figures in the text provided, so the direction of the change cannot be determined from this document alone.
Drilling Services averaged 93 active rigs in the United States in Q4 2025
Company expects 2026 capital expenditures, net of asset sales, to be less than $500 million
Company remains committed to returning at least 50% of adjusted free cash flow to shareholders annually; $0.08 quarterly dividend paid for thirteen consecutive quarters, including December 2025
No senior note maturities until 2028; investment grade credit rating at all three major rating agencies
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.
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