PTEN at a glance
PATTERSON UTI ENERGY INC (PTEN, SEC CIK 889900) filed its latest 10-K annual report on February 10, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 8, 2026 and Form 4 insider filings as recently as September 21, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), PATTERSON UTI ENERGY INC (PTEN) reported revenue of $4.8 billion (down 9.8% from FY2024) and a net loss of $93.6 million. Diluted EPS was -$0.24.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding PATTERSON UTI ENERGY INC (PTEN) shares worth $2.2 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Hendricks William Andrew JR on September 18, 2026 of 250,000 shares at $11.91 per share.
- In the last 90 days, PTEN insiders reported 0 open-market purchases ($0) and 6 open-market sales ($12.7M) on Form 4, a net sale of $12.7M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $4.8B
- −9.8% vs prior year
- Insiders · 90 days
- 0 buys · 6 sells
- Net −$12.7M
- 13F holders
- 34 funds
- $2.2B · −1 vs prior quarter
- Latest 8-K
- Sep 8, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Contract drilling services in oil and natural gas industry
- No new products or segments introduced; focus on contract drilling backlog
- Strategic challenge: Reduced contract drilling backlog from $830M in 2022 to $291M in 2025
- Notable metric: Contract drilling backlog declined 65% over three years to $291M as of December 31, 2025
- Key risk: Potential uninsured liabilities and possible non-payment or termination of drilling contracts impacting financial stability
Risk Factors
- Regulatory risk: impact of U.S. and other governments' trade policies and tariffs enacted or proposed in 2025 causing global economic deterioration and market uncertainty
- Geopolitical threat: Middle East tensions contributing to energy market uncertainty and lowering average crude oil futures prices in 2025
- Operational vulnerability: $27.8 million impairment charge on Latin American drilling equipment due to reduced activity forecasts in Q2 2025
- Competitive disruption: abandonment of 42 non-Tier-1 super-spec drilling rigs in 2024 reflecting industry preference for Tier-1 rigs and technology advancements
- Financial risk: $1.23 billion senior notes maturing 2028-2033 with restrictive covenants and total debt to capitalization ratio limit of 50% as of Dec 31, 2025
Management Discussion & Analysis
- Total revenues $4.83B down 9.9% YoY, Drilling Services $1.56B (-9.8%), Completion Services $2.89B (-10.5%), Drilling Products $344M (-2.3%)
- Operating margin improved in Drilling Products 7.6% vs 6.8%, whereas Completion Services loss narrowed: operating loss $79.4M vs $898.5M year ago
- Best performing segment Drilling Products operating income $26.1M (+8.5%); worst Completion Services operating loss $79.4M (-91.2%)
- Cash from operations $961M down from $1.18B; capital expenditures $589M down from $677M; financing uses $211M down from $475M (fewer share buybacks, lease payments)
- Management highlights industry-wide activity declines; expects continued headwinds from crude price sensitivity; monitoring OECD Pillar 2 tax legislation impacts
AI summary of the PTEN 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Completion Services largest segment, revenue $753.641M; adjusted gross profit $122.925M, up 25.3% sequentially
- Drilling Products fastest sequential revenue growth, $91.333M, up 14.5%; operating income $8.317M, up 63.0%
- $500M 6.05% senior notes issued; approximately $483M of 2028 Notes redeemed
- Q3 outlook: higher adjusted gross profit across all segments; U.S. average rig count approximately 100 and geopolitical volatility remains a headwind
AI summary of the PTEN 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Investor presentation furnished under Regulation FD via Exhibit 99.1
- Presentation slides provide additional investor information on Patterson-UTI Energy
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half fiscal 2026 results announced for periods ended June 30, 2026
- Press release furnished as Exhibit 99.1 contains the financial figures and management commentary
Item EX-99.1: Item EX-99.1
- Q2 revenue $1.228B, up 10% sequentially, signaling improving drilling and completion activity
- Adjusted EBITDA $232M versus $205M in Q1, driven by Completion Services gross profit rising to $123M
Item 8.01: Other Events
- Redemption completed June 4, 2026 for approximately $482.5 million of 3.95% Senior Notes due 2028
- 2028 Notes redeemed at 100% of principal plus accrued unpaid interest
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Stockholders approved 28.9 million additional shares under Patterson-UTI’s 2021 Long-Term Incentive Plan
- Expanded equity authorization increases potential dilution for existing shareholders
Item 5.07: Submission of Matters to a Vote of Security Holders
- All ten director nominees elected, preserving current board composition for the next annual meeting
- PwC auditor selection ratified for fiscal 2026, with 334,874,711 votes for and 10,307,536 against
AI summaries of PTEN 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PTEN
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Hendricks William Andrew JR | Sell | Sep 18, 2026 | 250,000 | $11.91 |
| Drummond Robert Wayne Jr | Sell | Sep 2, 2026 | 198,395 | $12.85 |
| Hendricks William Andrew JR | Sell | Sep 2, 2026 | 250,000 | $12.93 |
| Drummond Robert Wayne Jr | Sell | Sep 1, 2026 | 1,605 | $12.85 |
| Wexler Seth David | Sell | Sep 1, 2026 | 120,000 | $12.75 |
| STEWART JAMES CARL | Sell | Aug 25, 2026 | 207,000 | $11.54 |
| Robinson Forrest C | A | Jun 9, 2026 | 20,833 | - |
| Robinson Forrest C | F | Jun 9, 2026 | 5,749 | $11.90 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $5.3B | $4.8B |
| Operating Income | - | -$889.7M | -$40.8M |
| Net Income | $246.3M | -$968.0M | -$93.6M |
| Op. Margin | - | -16.7% | -0.9% |
| Net Margin | - | -18.2% | -2.0% |
| Balance Sheet | |||
| Total Assets | $7.4B | $5.8B | $5.6B |
| Equity | - | $3.5B | $3.2B |
| ROE | - | -27.9% | -2.9% |
| Per Share | |||
| EPS | $0.88 | $-2.44 | $-0.24 |
| Cash Flow | |||
| Operating CF | - | $1.2B | $961.2M |
| CapEx | $615.7M | $678.4M | $589.0M |
Source: XBRL data in PATTERSON UTI ENERGY INC (PTEN)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PTEN share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $2.20B |
| Q1 2026 | 35 | $2.51B |
| Q4 2025 | 32 | $1.41B |
| Q3 2025 | 31 | $1.14B |
| Q2 2025 | 30 | $1.30B |
| Q1 2025 | 27 | $1.28B |
| Q4 2024 | 23 | $1.04B |
| Q3 2024 | 19 | $603.9M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 231 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PTEN filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 21, 2026 | - | - | - |
| 8-K | Sep 8, 2026 | - | Analysis | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Aug 26, 2026 | - | - | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | Jun 10, 2026 | - | - | |
| 4 | Jun 9, 2026 | - | - | |
| 8-K | Jun 4, 2026 | - | Analysis | |
| 4 | Jun 1, 2026 | - | - | |
| 8-K | May 26, 2026 | - | Analysis | |
| 8-K | May 19, 2026 | - | Analysis | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - |
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PTEN SEC filings: frequently asked questions
Are PTEN insiders buying or selling?
In the last 90 days, PATTERSON UTI ENERGY INC (PTEN) officers, directors and 10% owners reported no open-market purchases and 6 open-market sales worth $12.7 million by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PTEN stock?
As of June 30, 2026, the largest PATTERSON UTI ENERGY INC (PTEN) holders among the 13F filers tracked by SignalX were BlackRock ($577.2 million), Vanguard Portfolio Management LLC ($249.7 million), Dimensional Fund Advisors ($209.1 million), Vanguard Capital Management LLC ($153.1 million), Goldman Sachs Group ($150.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PTEN's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), PATTERSON UTI ENERGY INC (PTEN) reported revenue of $4.8 billion (down 9.8% from FY2024) and a net loss of $93.6 million. Diluted EPS was -$0.24. The figures come from the XBRL data in the 10-K.
What are the main risks in PTEN's latest 10-K?
In the 10-K filed February 10, 2026, PATTERSON UTI ENERGY INC (PTEN) flagged: Regulatory risk: impact of U.S. and other governments' trade policies and tariffs enacted or proposed in 2025 causing global economic deterioration and market uncertainty. Geopolitical threat: Middle East tensions contributing to energy market uncertainty and lowering average crude oil futures prices in 2025. (AI summary of the Risk Factors section.)
What did PTEN report in its latest 8-K?
PATTERSON UTI ENERGY INC (PTEN) filed an 8-K on September 8, 2026 reporting Item 7.01 (Regulation FD Disclosure). Investor presentation furnished under Regulation FD via Exhibit 99.1.
What are the latest PTEN SEC filings?
PATTERSON UTI ENERGY INC (PTEN) filed its latest 10-K annual report on February 10, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 8, 2026 and a Form 4 insider filing on September 21, 2026.
What is PTEN's SEC CIK number?
PATTERSON UTI ENERGY INC (PTEN)'s SEC Central Index Key (CIK) is 889900. EDGAR lists every PTEN filing under that number.
Ask anything about PTEN
The research agent reads PTEN's filings, financials, insider trades and 13F holders, then answers with sources.