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’s Chief Accounting Officer Forrest C. Robinson reported several stock transactions. On June 8, 2026, he completed an open-market sale of 13,670 shares of common stock at $12.01 per share. On June 9, 2026, 5,749 shares were disposed of to cover withholding taxes on restricted stock units that converted into common stock, and he received a grant of 20,833 restricted stock units that convert into common shares on a one-for-one basis. After these transactions, Robinson directly held 77,675 shares of PATTERSON-UTI common stock, with the new restricted stock units vesting in three equal installments on June 9 of 2027, 2028 and 2029.
Patterson-UTI Energy President & CEO William Andrew Hendricks Jr. sold 200,000 shares of common stock in an open-market transaction at a weighted average price of $11.64 per share. After this sale, he directly holds 2,542,474 shares of Patterson-UTI Energy common stock.
The filing is a Form 144 notice reporting proposed resale activity in common stock. It lists a proposed sale of 200,000 shares (identified under "Securities To Be Sold") and discloses that 250,000 shares were sold on 05/01/2026 for $2,962,500. The broker listed is J.P. Morgan Securities LLC.
Patterson-UTI Energy, Inc. reported results from its annual stockholder meeting and a significant debt refinancing move. Stockholders approved an amendment to the 2021 Long-Term Incentive Plan to increase shares available for issuance by 28.9 million shares, supporting future equity-based compensation.
All ten director nominees were elected, the auditor was ratified, and advisory approval was given to executive compensation. The company also completed the redemption of approximately $482.5 million of 3.95% Senior Notes due 2028 at 100% of principal plus accrued interest, funded from a previously completed offering of $500 million of 6.050% Senior Notes due 2036.
Patterson-UTI Energy executive vice president and chief operating officer James Michael Holcomb reported an open-market sale of 150,000 shares of Common Stock on May 28, 2026 at a weighted average price of $11.47 per share. These shares were sold in multiple trades at prices ranging from $11.40 to $11.52. After the transaction, Holcomb directly owned 421,523 shares of Patterson-UTI Energy common stock.
PTEN affiliate files a Form 144 reporting the proposed sale of 150,000 shares. The notice lists the broker as Merrill and includes an amount of $1,720,205.10 alongside the share count. The filing enumerates multiple previously issued equity compensation lots by grant date and size.
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.