PATTERSON UTI ENERGY INC

For the period ended Dec 31, 2025. Filed Feb 10, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 10, 2026

PTEN$10.05+1.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets as of December 31, 202 and

CONSOLIDATED BALANCE SHEETS

	December 31,
	2025	2024
(In thousands, except share data)
ASSETS
Current assets:
Cash, cash equivalents and restricted cash	$420,642	$241,293
Accounts receivable, net of allowance for credit losses of $14,469 and $15,047 at December 31, 2025 and 2024, respectively	723,277	763,806
Inventory	160,280	167,023
Other current assets	113,892	123,193
Total current assets	1,418,091	1,295,315
Property and equipment, net	2,711,037	3,010,342
Operating lease right of use asset	42,982	44,385
Finance lease right of use asset	14,932	27,018
Goodwill	487,388	487,388
Intangible assets, net	814,810	929,610
Deposits on equipment purchases	11,757	15,699
Other assets	69,469	23,709
Total assets	$5,570,466	$5,833,466
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$470,782	$421,318
Accrued liabilities	366,488	385,751
Operating lease liability	18,652	13,322
Finance lease liability	7,720	15,214
Current maturities of long-term debt	—	6,388
Total current liabilities	863,642	841,993
Long-term operating lease liability	27,607	34,305
Long-term finance lease liability	5,453	10,216
Long-term debt, net of debt discount and issuance costs of $6,362 and $7,637 at December 31, 2025 and 2024, respectively	1,221,038	1,219,770
Deferred tax liabilities, net	215,818	238,097
Other liabilities	12,193	13,241
Total liabilities	2,345,751	2,357,622
Commitments and contingencies (see Note 10)
Stockholders’ equity:
Preferred stock, par value $0.01; authorized 1,000,000 shares, no shares issued	—	—
Common stock, par value $0.01; authorized 800,000,000 and 800,000,000 shares with 523,736,898 and 520,784,783 issued and 379,301,646 and 387,344,755 outstanding at December 31, 2025 and 2024, respectively	5,236	5,206
Additional paid-in capital	6,492,862	6,453,606
Retained earnings (deficit)	(1,257,691)	(1,039,338)
Accumulated other comprehensive income (loss)	(1,155)	(2,584)
Treasury stock, at cost, 144,435,252 shares and 133,440,028 shares at December 31, 2025 and 2024, respectively	(2,020,714)	(1,951,067)
Total stockholders’ equity attributable to controlling interests	3,218,538	3,465,823
Noncontrolling interest	6,177	10,021
Total equity	3,224,715	3,475,844
Total liabilities and stockholders’ equity	$5,570,466	$5,833,466

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.