PATTERSON UTI ENERGY INC (PTEN) Form 8-K — Jul 29, 2026
$PTENForm 8-KItems 2.02, 8.01, 9.01Filed Jul 29, 2026, 6:12 PM ET0000889900-26-000050Original filing
Patterson-UTI Energy reported financial results for the quarter ended June 30, 2026, with total revenue of $1.2 billion representing a 10% sequential increase. The company recorded a net loss of $20 million, but Adjusted EBITDA reached $232 million, driven by improved activity and pricing in Drilling and Completion Services. Operational momentum continued to build, with the U.S. rig count averaging 92 and exiting the quarter at 96 rigs.
Key figures
- Revenue
- 1227967000
- Total Debt
- 1234173000
- Cash Position
- 203169000
- Adjusted EBITDA
- 232000000
- Dividend Per Share
- 0.1
- Adjusted Net Income
- 1000000
- Exiting Rig Count Q2
- 96
- Q3 Guidance Rig Count
- 100
- Average Rigs Operating Q2
- 92
- Sequential Revenue Growth
- 10%
- Q3 Guidance Drilling Adjusted Gross Profit
- 145000000
- Q3 Guidance Completion Adjusted Gross Profit
- 140000000
Price after filing
1 day: -2.6%7 days: +1.4%30 days: +30.3%
Close on the filing date to close N calendar days later (from $9.41). Historical, not a forecast.
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