Patterson Uti Energy Inc (NASDAQ: PTEN)

Patterson Uti Energy Inc is a Houston Texas based leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and select international markets.

The company generates revenue from three main activities: contract drilling and directional drilling services electrical controls and automation completion services including hydraulic fracturing wireline pumping completion support cementing power solutions and proppant logistics and the manufacturing and distribution of drill bits and downhole tools for oil and gas geothermal and mining operations.

The company operates through the following segments: drilling services completion services and drilling products.

• Drilling services include contract drilling operations in the United States Colombia and Ecuador directional drilling services for onshore oil and gas wells and electrical controls and automation solutions for the energy marine and mining industries.

• Completion services consist of hydraulic fracturing wireline and pumping completion support cementing power solutions natural gas fueling and proppant last mile logistics and storage.

• Drilling products involve the design manufacture sale and rental of matrix and steel bodied polycrystalline diamond compact drill bits and other downhole tools served through manufacturing and repair facilities in North America and over thirty countries worldwide.

Patterson Uti Energy Inc holds a strong position among North American oilfield service providers due to its large fleet of Tier 1 super spec rigs integrated service offerings and proprietary technologies such as the APEX rig system and Cortex software platform which enhance drilling efficiency and reduce environmental impact.

The company serves major independent and other oil and natural gas operators with one customer representing approximately twelve percent of its total revenue in 2025 while no specific customer names are disclosed in the filing.