30 July 2018quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $854.4 million and a net loss of $10.7 million for the period ended 2018-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 July 2018quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $854.4 million and a net loss of $10.7 million for the period ended 2018-06-30.
12 July 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC SVP/General Counsel/Secretary Seth David Wexler exercised stock options for 19,000 shares and disposed of 26,477 shares.
12 July 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC President-Drilling Subsidiary James Michael Holcomb exercised stock options for 19,000 shares and disposed of 26,477 shares.
11 June 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC President-Drilling Subsidiary James Michael Holcomb had 10,100 shares withheld for taxes on vesting stock.
11 June 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC SVP/General Counsel/Secretary Seth David Wexler had 10,100 shares withheld for taxes on vesting stock.
3 May 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC Executive Vice President Kenneth N Berns had 32,704 shares withheld for taxes on vesting stock.
3 May 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC Chairman of the Board Mark S Siegel had 82,037 shares withheld for taxes on vesting stock.
3 May 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC SVP/General Counsel/Secretary Seth David Wexler had 8,765 shares withheld for taxes on vesting stock.
3 May 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC President-Drilling Subsidiary James Michael Holcomb had 5,771 shares withheld for taxes on vesting stock.
3 May 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC President & CEO William Andrew Hendricks Jr. had 64,955 shares withheld for taxes on vesting stock.
1 May 2018quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $809.2 million and a net loss of $34.4 million for the period ended 2018-03-31.
26 Apr 2018quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $809.2 million and a net loss of $34.4 million for the period ended 2018-03-31.
26 Apr 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC SVP/General Counsel/Secretary Seth David Wexler received 48,100 shares as part of the equity award.
26 Apr 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC President-Drilling Subsidiary James Michael Holcomb received 48,100 shares as part of the equity award.
26 Apr 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC EVP & Chief Financial Officer Charles Andrew Smith received 53,500 shares as part of the equity award.
24 Apr 2018agm notice● Neutral
PATTERSON UTI ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
5 Apr 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC director Janeen S Judah received a stock option grant for 10,115 shares.
5 Apr 2018director interest notice● Neutral
Janeen S Judah became a PATTERSON UTI ENERGY INC director and company insider (initial ownership filing).
27 Mar 2018debt financing▲ GoodMajor
On March 27, 2018, Patterson-UTI replaced its credit agreement with a new unsecured revolving facility of up to $600 million, maturing March 27, 2023, with two optional one-year extensions and the ability to grow to $900 million. It continues to carry a debt-to-capitalization limit, now 50% (versus 40% in the prior agreement), and no subsidiaries currently need to guarantee it. This supersedes the 2012 credit agreement, which was extended to March 2019.
14 Mar 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC director Terry H Hunt exercised stock options for 10,000 shares and disposed of 20,000 shares.
9 Feb 2018substantial holder notice● Neutral
The Vanguard Group reported a PATTERSON UTI ENERGY INC shareholding of 18,639,477 shares (8.37% of votes) in a periodic institutional filing.
8 Feb 2018substantial holder notice● Neutral
Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP reported a PATTERSON UTI ENERGY INC shareholding of 6,144,061 shares (2.76% of votes) in a periodic institutional filing.
8 Feb 2018quarterly activities report● Neutral
PATTERSON UTI ENERGY INC reported quarterly revenue of $787.3 million and net income of $195.4 million for the period ended 2017-12-31.
29 Jan 2018substantial holder notice● Neutral
BlackRock, Inc reported a PATTERSON UTI ENERGY INC shareholding of 20,590,666 shares (9.30% of votes) in a periodic institutional filing.
19 Jan 2018debt financing▲ GoodMajor
Patterson-UTI completed the $525 million offering of 3.95% senior notes due 2028 on January 19, 2018, which resolves the pricing and sale announced on January 10. The notes are unsecured and guaranteed by 13 subsidiaries. Holders can require repurchase at 101% on a change of control, and the company agreed to seek registration of an exchange offer by January 4, 2019. Proceeds are intended to repay credit agreement borrowings and for general purposes, and the chairman's quote in the press release refers to an investment grade rating.
11 Jan 2018material agreement● NeutralMajor
On January 10, 2018, Patterson-UTI agreed to sell $525 million of 3.95% senior notes due 2028 to initial purchasers in a private offering, guaranteed by its subsidiaries, with closing expected January 19, 2018. The company says it plans to use the net proceeds to repay amounts under its existing credit agreement and for general corporate purposes.
3 Jan 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC director Tiffany J Thom acquired 7,605 shares and disposed of 2,574 in a set of related equity transactions.
3 Jan 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC director Terry H Hunt received a stock option grant for 7,605 shares.
3 Jan 2018director interest notice● Neutral
PATTERSON UTI ENERGY INC director Michael W Conlon received a stock option grant for 7,605 shares.