Short answer
PATTERSON UTI ENERGY INC (PTEN) filed an 8-K current report with the SEC on April 23, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Quarterly results cover the three months ended March 31, 2026.
PATTERSON UTI ENERGY INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Quarterly results cover the three months ended March 31, 2026
- April 22, 2026 press release contains the financial results and is furnished as Exhibit 99.1
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue $1.117B, down from $1.281B year over year; net loss $24.6M versus $1.0M profit
- Adjusted EBITDA $205.0M, down from $251.2M year over year, reflecting weaker activity and margins
- Completion Services remained highly utilized, but adjusted gross profit fell to $98.1M from $108.4M
- Management expects Q2 drilling reactivations, approximately 90 rigs, and Drilling Services adjusted gross profit near $130M
- Quarterly dividend raised to $0.10 per share, payable June 15, 2026, supporting shareholder returns despite near-term losses
Other items in this filing:
- Item 8.01: Other Events
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