27 Apr 2015quarterly activities report● Neutral
PATTERSON UTI ENERGY INC reported a quarterly net income of $9.1 million for the period ended 2015-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Apr 2015director interest notice● Neutral
PATTERSON UTI ENERGY INC President & CEO William Andrew Hendricks Jr. had 13,984 shares withheld for taxes on vesting stock.
23 Apr 2015quarterly activities report● Neutral
PATTERSON UTI ENERGY INC reported a quarterly net income of $9.1 million for the period ended 2015-03-31.
17 Apr 2015agm notice● Neutral
PATTERSON UTI ENERGY INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
17 Apr 2015agm 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).
18 Mar 2015debt financing● NeutralMajor
On March 18, 2015 the company took out a $200 million unsecured term loan led by Wells Fargo, due September 27, 2017, at LIBOR plus 3.25%, and used it to repay all $150 million of revolver borrowings under its 2012 credit agreement. It also expects the $39.8 million of letters of credit to move to the Scotiabank facility signed days earlier, which would leave the full $500 million revolver available. The loan restricts dividends and buybacks unless pro forma debt to EBITDA is no more than 2.5x.
16 Mar 2015debt financing● Neutral
On March 16, 2015 the company signed a reimbursement agreement with Scotiabank to issue letters of credit. It expects the $39.8 million of letters of credit now under the 2012 credit agreement to be replaced by Scotiabank ones, with future requests going there instead. The obligations are guaranteed by subsidiaries that guarantee the credit agreement.
11 Feb 2015substantial holder notice● Neutral
The Vanguard Group reported a PATTERSON UTI ENERGY INC shareholding of 8,731,259 shares (5.96% of votes) in a periodic institutional filing.
5 Feb 2015quarterly activities report● Neutral
PATTERSON UTI ENERGY INC reported a quarterly net income of $57.6 million for the period ended 2014-12-31.
30 Jan 2015substantial holder notice● Neutral
Artisan Partners Limited Partnership, Artisan Investments GP LLC, Artisan Partners Holdings LP, Artisan Partners Asset Management Inc., Artisan Partners Funds, Inc. reported a PATTERSON UTI ENERGY INC shareholding of 8,526,668 shares (5.80% of votes) in a periodic institutional filing.
26 Jan 2015substantial holder notice● Neutral
BlackRock, Inc reported a PATTERSON UTI ENERGY INC shareholding of 10,621,267 shares (7.30% of votes) in a periodic institutional filing.
12 Jan 2015material agreement● Neutral
On January 9, 2015 the company amended its 2012 credit agreement: it released one subsidiary (Patterson-UTI Drilling International) from its guaranty, exempted some subsidiaries from having to guarantee, changed the change-of-control definition, and raised the senior note debt its subsidiaries may guarantee from $600 million to $1 billion. No new borrowing is reported.
12 Jan 2015substantial holder notice● Neutral
Wellington Management Group LLP reported a PATTERSON UTI ENERGY INC shareholding of 15,995,753 shares (10.93% of votes) in a periodic institutional filing.
5 Jan 2015director interest notice● Neutral
PATTERSON UTI ENERGY INC director Cloyce A Talbott received 3,000 shares and a 10,000-share option grant as part of the equity award.
5 Jan 2015director interest notice● Neutral
PATTERSON UTI ENERGY INC director Michael W Conlon received 3,000 shares and a 10,000-share option grant as part of the equity award.
5 Jan 2015director interest notice● Neutral
PATTERSON UTI ENERGY INC director Curtis W Huff received 3,000 shares and a 10,000-share option grant as part of the equity award.
5 Jan 2015director interest notice● Neutral
PATTERSON UTI ENERGY INC director Tiffany J Thom received 3,000 shares and a 10,000-share option grant as part of the equity award.
5 Jan 2015director interest notice● Neutral
PATTERSON UTI ENERGY INC director Charles Oliver Buckner received 3,000 shares and a 10,000-share option grant as part of the equity award.
5 Jan 2015director interest notice● Neutral
PATTERSON UTI ENERGY INC director Terry H Hunt received 3,000 shares and a 10,000-share option grant as part of the equity award.
13 Nov 2014director interest notice● Neutral
PATTERSON UTI ENERGY INC director Charles Oliver Buckner exercised stock options for 10,000 shares and disposed of 10,000 shares.
31 Oct 2014director interest notice● Neutral
PATTERSON UTI ENERGY INC director Michael W Conlon bought 3,000 shares on the open market at $23.33.
27 Oct 2014quarterly activities report● Neutral
PATTERSON UTI ENERGY INC reported a quarterly net income of $16.0 million for the period ended 2014-09-30.
23 Oct 2014quarterly activities report● Neutral
PATTERSON UTI ENERGY INC reported a quarterly net income of $16.0 million for the period ended 2014-09-30.
11 Aug 2014director interest notice● Neutral
Tiffany J Thom became a PATTERSON UTI ENERGY INC director and company insider (initial ownership filing).
11 Aug 2014director interest notice● Neutral
PATTERSON UTI ENERGY INC director Tiffany J Thom received 3,000 shares and a 10,000-share option grant as part of the equity award.
28 July 2014quarterly activities report● Neutral
PATTERSON UTI ENERGY INC reported a quarterly net income of $54.3 million for the period ended 2014-06-30.
24 July 2014quarterly activities report● Neutral
PATTERSON UTI ENERGY INC reported a quarterly net income of $54.3 million for the period ended 2014-06-30.
30 June 2014director interest notice● Neutral
PATTERSON UTI ENERGY INC director Cloyce A Talbott exercised stock options for 400,000 shares and disposed of 800,000 shares.
12 June 2014director interest notice● Neutral
PATTERSON UTI ENERGY INC Senior Vice President Kenneth N Berns sold 85,000 shares.
12 June 2014director interest notice● Neutral
PATTERSON UTI ENERGY INC Chairman of the Board Mark S Siegel sold 340,000 shares.