Welcome to our dedicated page for Patterson-Uti Energy SEC filings (Ticker: PTEN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Patterson-UTI Energy Inc. filings document operating results, financing arrangements, governance matters, and capital-structure disclosures for an oilfield services company focused on drilling and well completion markets. Form 8-K reports include quarterly results, dividend disclosures, material agreements, credit agreement amendments, and direct financial obligations tied to revolving credit commitments.
Proxy materials describe annual meeting proposals, board matters, executive compensation, equity awards, and shareholder voting procedures. Other filings record director changes and related governance disclosures, alongside formal exhibits such as press releases, credit agreement amendments, and other material-event documentation.
Patterson-UTI Energy furnished an investor presentation outlining its outlook and capital plans. The company expects consolidated adjusted EBITDA of about $220 million for Q2 2026 and plans to exit 2026 with more than 100 active U.S. drilling rigs, supported by improving dayrates and additional rig reactivations.
Completion Services is benefiting from stronger-than-expected pricing in Q2, with further improvements anticipated in Q3 and high utilization of active fleets. For 2026, capital expenditures net of asset sales are forecast at roughly $600 million, targeted toward rig upgrades, 100% natural gas-powered frac fleets and digital investments, funded with cash on hand.
Patterson-UTI highlights a commitment to return at least 50% of adjusted free cash flow to shareholders; since early 2024 it has returned more than 70% via dividends and buybacks and raised its quarterly dividend 25% to $0.10 per share. The company reports investment-grade ratings, total liquidity of $834 million, a cash balance of $337 million and Net Debt of $937.7 million, implying Net Debt-to-LTM Adjusted EBITDA of 1.08x and interest coverage of 14x, and it expects to redeem its 3.95% Senior Notes due 2028 around June 4, 2026.
Patterson-UTI Energy, Inc. completed a $500 million offering of 6.050% Senior Notes due 2036. These senior unsecured notes pay interest semi-annually on May 15 and November 15 and mature on May 15, 2036.
The company intends to use the net proceeds to redeem its outstanding 3.95% Senior Notes due 2028 and for general corporate purposes. The notes rank equally with Patterson-UTI’s other senior unsecured debt and are structurally and effectively subordinated to certain existing and future obligations as described in the indenture and supplemental indenture.
Patterson-UTI Energy executive Seth David Wexler, EVP, General Counsel & Secretary, reported a tax-related share disposition. On May 9, 2026, 10,363 shares of Common Stock were disposed at $11.42 per share to cover withholding taxes on Restricted Stock Units that converted into Common Stock. After this administrative tax-withholding transaction, Wexler directly holds 524,582 shares of Patterson-UTI Energy common stock.
PATTERSON-UTI ENERGY INC Executive Vice President Kenneth N. Berns reported routine share movements related to equity compensation. On May 9, 2026, 12,096 shares of common stock were disposed of to pay applicable withholding taxes on Restricted Stock Units that converted into common stock at $11.42 per share.
After this tax-withholding disposition, Berns held 1,043,987 shares of PATTERSON-UTI common stock directly. In addition, trusts for which he serves as trustee held a further 34,000 shares indirectly. The filing does not show open-market buying or selling, but rather administrative tax settlement tied to RSU vesting.
PATTERSON UTI ENERGY INC President & CEO William Andrew Hendricks Jr. reported a tax-related share disposition. On May 9, 2026, 48,952 shares of Common Stock were withheld at $11.42 per share to pay withholding taxes on Restricted Stock Units that converted into Common Stock. Following this, he directly holds 2,742,474 shares.
PATTERSON UTI ENERGY INC executive James Michael Holcomb reported a routine tax-related share disposition. On May 9, 2026, 12,395 shares of common stock were withheld at a price of $11.42 per share to cover applicable taxes on Restricted Stock Units that converted into common stock. After this withholding transaction, Holcomb directly holds 571,523 shares of PATTERSON UTI ENERGY INC common stock.
PATTERSON UTI ENERGY INC executive vice president and chief financial officer Charles Andrew Smith reported a tax-related share disposition. On May 9, 2026, he disposed of 13,016 shares of common stock to pay withholding taxes on restricted stock units that converted into common stock.
The disposition was priced at $11.42 per share and was classified as a tax-withholding transaction rather than an open-market sale. After this transaction, Smith directly holds 713,439 shares of Patterson-UTI Energy common stock.
PATTERSON UTI ENERGY INC director Jaime Cesar sold Common Stock in an open-market transaction. On May 5, 2026, Cesar sold 10,000 shares of Patterson-UTI Energy common stock at an average price of $12.29 per share. After this sale, Cesar directly holds 77,462 shares of the company’s common stock.
PATTERSON UTI ENERGY INC President & CEO William Andrew Hendricks Jr. reported a tax-related share disposition. On May 5, 2026, 31,677 shares of Common Stock were withheld at $12.29 per share to cover applicable taxes on Restricted Stock Units that converted into Common Stock. Following this withholding, he directly holds 2,791,426 shares.
PATTERSON-UTI ENERGY INC Executive Vice President Kenneth N. Berns reported an insider transaction involving company Common Stock. On May 5, 2026, he disposed of 12,680 shares at $12.29 per share to pay applicable withholding taxes on Restricted Stock Units that converted into Common Stock.
After this tax-withholding disposition, Berns directly holds 1,056,083 shares of Common Stock. In addition, 34,000 shares are held indirectly through trust(s) for which he serves as trustee.