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PATTERSON UTI ENERGY INC (PTEN) filed an 8-K current report with the SEC on July 30, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Q2 and first-half fiscal 2026 results announced for periods ended June 30, 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
- 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
- Investor focus: drilling-market conditions, operating performance, and outlook disclosed in the earnings release
Item EX-99.1 · Exhibit 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
- GAAP net loss $20M, largely reflecting $21M of Colombia exit costs and a $5M investment write-down
- Q3 outlook implies further earnings growth: adjusted gross profit targets of $145M Drilling Services and $140M Completion Services
- Dividend increased to $0.10 per share, payable September 15, while 2026 capital expenditures remain approximately $600M
Other items in this filing:
- Item 8.01: Other Events
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