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PATTERSON UTI ENERGY INC

For the period ended Jun 30, 2026. Filed Aug 4, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 4, 2026

PTEN$9.92-0.3%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

þQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026

or

oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 1-39270

Patterson-UTI Energy, Inc.

(Exact name of registrant as specified in its charter)

Delaware75-2504748
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
10713 W. Sam Houston Pkwy N, Suite 800Houston, Texas77064
(Address of principal executive offices)(Zip Code)

(281)765-7100

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $0.01 Par ValuePTENThe Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ Noo

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ Noo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filerþAccelerated fileroSmaller reporting companyo
Non-accelerated fileroEmerging growth companyo

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yeso Noþ

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

381,384,874 shares of common stock, $0.01 par value, as of July 29, 2026.

TABLE OF CONTENTS

PART I — FINANCIAL INFORMATION
Page
ITEM 1. · Financial Statements
Unaudited condensed consolidated balance sheets3
Unaudited condensed consolidated statements of operations4
Unaudited condensed consolidated statements of comprehensive income (loss)5
Unaudited condensed consolidated statements of changes in stockholders’ equity6
Unaudited condensed consolidated statements of cash flows7
Notes to unaudited condensed consolidated financial statements8
ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations25
ITEM 3.Quantitative and Qualitative Disclosures About Market Risk40
ITEM 4.Controls and Procedures40
PART II — OTHER INFORMATION
ITEM 1.Legal Proceedings41
ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds41
ITEM 5.Other Information42
ITEM 6.Exhibits43
Signature
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.