UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION 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) Delaware 75-2504748 (State or other jurisdiction ...

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q3 2021 Earnings Conference Call October 28, 2021 10:00 AM ET Company Participants James Drickamer - VP, IR Andy Hendricks - President, CEO & Director Andrew Smith - EVP & CFO Conference Call Participants Ian Macpherson - Piper Sandler Connor Lynagh - Morgan Stanley Keith Mackey - RBC Capital Markets Waqar Syed - ATB Capital Markets Vaibhav Vaishnav - Coker & Palmer Operator Good morning. My name is Julianne and I will be your conference operator today. At this time, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION 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) Delaware 75-2504748 (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - For Q2 2021, the company reported a net loss of $103 million or $0.55 per share, while consolidated adjusted EBITDA was $35.4 million [15] - Average rig count improved to 73 rigs in Q2 from 69 rigs in Q1, with average rig margin per day at $6,250 [16] - Pressure Pumping revenues increased almost 50% sequentially to $112 million, with gross margin improving to $9.7 million [18] Business Line Data and Key Metrics Changes - In Contract Drilling, the average rig count increased to 73 rigs, with expectations to improve to an average of 81 rigs in Q3 [16][17] - Pressure Pumping saw an increase in active spreads from 8 to 9, with revenues expected to improve by more than 30% to approximately $150 million in Q3 [19] - Directional Drilling revenues increased 26% to $24.9 million, with expectations for further growth to $34 million in Q3 [20] Market Data and Key Metrics Changes - The company noted general oilfield cost inflation across segments due to improving activity levels and labor market tightness [15] - The company has term contracts for drilling rigs providing approximately $210 million of future day rate drilling revenue [17] Company Strategy and Development Direction - The company is focusing on increasing activity and pricing in response to rising demand for drilling and completion services [24] - Investments in high-demand items, including specialty drill pipe and ESG-related technologies, are part of the increased CapEx forecast of $165 million for 2021 [22] - The company is also pursuing an acquisition of Pioneer Energy Services, expected to close in Q4, which will enhance its operational capabilities [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about increasing E&P demand for services, driven by commodity price stability and the company's performance [24] - The company anticipates a "fear of missing out" scenario in 2022, leading to increased pricing and margins as operators scramble for high-spec rigs [36][39] Other Important Information - The company plans to pay a quarterly cash dividend of $0.02 per share on September 16, 2021 [22] - The company is upgrading engines on existing pump trailers to Tier 4 dual fuel, which is expected to improve operational efficiency and margins [11][30] Q&A Session Summary Question: Can you provide insights on frac fleet upgrades and CapEx? - The company is changing engines to Tier 4 dual fuel, with some CapEx allocated for this upgrade, which is seen as a cost-effective solution [30] Question: What is the outlook for rig demand from public E&Ps? - Management noted a broad-based increase in rig demand from private, midsized public, and large international E&Ps [32] Question: Can you discuss pricing for ESG-friendly fleets? - The company believes that offering Tier 4 dual fuel will allow for better pricing and margins compared to conventional fleets [34] Question: What are the expectations for land drilling margins? - Management anticipates a potential return to higher margins as operators may face challenges in securing desired rigs [39] Question: Will there be a decline in rig demand in Q4? - Management indicated that the typical decline in Q4 may not occur this year due to favorable commodity prices [40] Question: Can you elaborate on the incremental rigs from a major E&P? - The company expects to grow share within existing drilling programs rather than a significant ramp-up in overall drilling activity [43]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION 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) Delaware 75-2504748 (State or other jurisdiction of i ...

Financial Data and Key Metrics Changes - For Q1 2021, the company reported a net loss of $106 million or $0.50 per share, while adjusted EBITDA grew 20% sequentially to $35.4 million on a 9% sequential increase in revenues [14][6] - Average rig revenue per day for Q1 was $21,590, benefiting from a $2.3 million revenue recognition from the previous downturn [15][14] - Average rig margin per day exceeded expectations due to higher-than-expected revenue and lower-than-expected operating costs [16] Business Line Data and Key Metrics Changes - In contract drilling, average rig count improved to 69 rigs from 62 in the previous quarter, with expectations to increase to 73 rigs in Q2 [14][18] - Pressure pumping revenues decreased to $75.8 million in Q1, with a gross margin loss of $700,000, but expected to improve to $120 million in Q2 with a gross margin of $9 million [20][23] - Directional drilling revenues improved to $19.7 million in Q1, with expectations to rise to $22.5 million in Q2 [21][23] - Other operations revenues improved to $11.9 million in Q1, with expectations to reach approximately $13 million in Q2 [22][23] Market Data and Key Metrics Changes - The U.S. land rig count has nearly doubled over the past nine months, with private operators increasing their rig count by over 150% [25] - The company noted a shift towards capital discipline among operators, which is expected to support further increases in activity throughout the year [26][28] Company Strategy and Development Direction - The company is positioned as a premium service provider, focusing on integrating directional drilling operations into drilling rigs to improve wellbore quality [30] - The company is leveraging technology to reduce costs and emissions, including the use of alternative fuels and a lithium battery hybrid energy management system [31][32] - The outlook for 2021 is positive, with expectations of steadily increasing activity driven by both private and public operators [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in further improvements in drilling and completion activity, with expectations for rig count to reach approximately 80 rigs in the coming months [8] - The company anticipates that Q2 will be the low point for margins in the current cycle, with opportunities for pricing increases as more rigs are activated [37][49] - Management highlighted the importance of capital discipline among operators, which is expected to lead to increased activity funded within cash flow [28][54] Other Important Information - The company expects depreciation, depletion, amortization, and impairment expense of approximately $145 million for Q2, with a quarterly cash dividend of $0.02 per share [23] Q&A Session Summary Question: Margin guidance for Q2 - The margin guidance for drilling in Q2 is expected to be $6,200 per day [36] Question: Pricing outlook and efficiency improvements in pressure pumping - Management indicated that the pressure pumping sector is becoming structurally better, with opportunities for pricing to move up as activity increases [44][47] Question: Incremental demand sources for drilling and pumping - Demand is coming from a mix of private and public operators, with larger public operators also discussing increasing rig activity [52][54] Question: LNG-related rig activity opportunities - Activity in the LNG area is steady and slightly increasing, with potential for improved economics over the year [59] Question: Utilization and pricing for super-spec rigs - Utilization for super-spec rigs is currently high, and as these rigs start to work, pricing is expected to move up [60][61]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION 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) Securities Registered Pursuant to Section 12(b) ...

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q4 2020 Earnings Conference Call February 4, 2021 10:00 AM ET Company Participants Mike Drickamer – Vice President-Investor Relations Andy Hendricks – Chief Executive Officer Andy Smith – Chief Financial Officer Conference Call Participants Sean Meakim – JP Morgan Ian MacPherson – Company of Simmons Chris Voie – Wells Fargo Mike Sabella – Bank of America Scott Gruber – Citigroup Taylor Zurcher – Tudor Pickering Connor Lynagh – Morgan Stanley Vebs Vaishnav – Coker Pal ...

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q3 2020 Earnings Conference Call October 22, 2020 10:00 AM ET Operator | --- | |---------------------------------------| | | | Company Participants | | Mike Drickamer - Vice President of IR | | Andy Hendricks - CEO | | Andy Smith - CFO | | Conference Call Participants | | Sean Meakim - JP Morgan | | Chris Voie - Wells Fargo | | Taylor Zurcher - Tudor Pickering | | Scott Gruber - Citigroup | | Kurt Hallead - RBC | | Jacob Lundberg - Credit Suisse | | Blake Gendron - W ...

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q2 2020 Earnings Conference Call July 23, 2020 10:00 AM ET Company Participants Mike Drickamer - VP-IR Andy Smith - CFO Andy Hendricks - CEO Conference Call Participants Sean Meakim - JPMorgan Tommy Moll - Stephens Taylor Zurcher - Tudor Pickering Holt Chris Voie - Wells Fargo Kurt Hallead - RBC Mark Bianchi - Cowen Jacob Lundberg - Credit Suisse Chase Mulvehill - Bank of America Blake Gendron - Wolfe Research Waqar Syed - ATB Capital Markets Operator Ladies and gent ...