PTEN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $11.21

Market Cap (MRQ) $4.28B

P/E (TTM) -51.0

EPS (TTM) $-0.22

Revenue (TTM) $4.67B

Div Yield 2.9%

ROE (TTM) -2.8%

Debt/Equity (MRQ) 0.4

52W Range $5–$13

PTEN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

range

bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

Stock splits 3

Ex-date	Split	Type
July 1, 2004	2-for-1	Forward
Jan. 26, 1998	2-for-1	Forward
July 28, 1997	2-for-1	Forward

About Patterson-UTI Energy, Inc. - Common Stock Company overview from Wikipedia

05 · wikidata

Patterson-UTI Energy, Inc. provides land drilling and pressure pumping services, directional drilling, rental equipment and technology to clients in the United States and western Canada.

Patterson-UTI Companies include:

Patterson-UTI Drilling

Universal Pressure Pumping

MS Directional

Great Plains Oilfield Rental

Warrior Rig Technologies

Current Power Solutions

Superior QC

NexTier OFS

## History

Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson.

UTI Energy was formed in 1986 to purchase Universal Well Services, Union Supply Company, Triad Drilling Company, and International Petroleum Services Company.

In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy.

In September 2014, the company acquired Texas-based pressure pumping assets.

In September 2016, the company acquired Warrior Rig.

In April 2017, the company acquired Seventy Seven Energy. The deal included Seventy Seven's affiliates: Great Plains Oilfield Rental, Nomac Drilling (now part of Patterson-UTI Drilling), and Performance Technologies (now part of Universal Pressure Pumping).

In October 2017, the company acquired MS Energy Services (now MS Directional).

In February 2018, the company acquired Superior QC, a provider of software used to improve the accuracy of horizontal wellbore placement.

In October 2018, the company acquired Current Power Solutions, Inc.

In October 2021, Patterson-UTI announced that it completed the acquisition of Pioneer Energy Services.

In September 2023, the company merged with NexTier OFS

== References ==

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$4.83B

2016-12-31 → 2025-12-31

EPS$-0.24

2016-12-31 → 2025-12-31

Free Cash Flow$372M

2017-12-31 → 2025-12-31

Net margin-1.9%

2017-12-31 → 2025-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	PTEN	5Y avg	Peer Median	Verdict
P/E (TTM)	-51.05Y avg ≈1.0	≈1.0	·	·
P/S (TTM)	0.95Y avg ≈1.0	≈1.0	·	·
P/B (MRQ)	1.45Y avg ≈1.2	≈1.2	·	·
EV / EBITDA	-123.85Y avg ≈-9.8	≈-9.8	·	·
Price / FCF (TTM)	24.15Y avg ≈5.2	≈5.2	·	·
Price / Cash Flow (TTM)	5.85Y avg ≈7.0	≈7.0	·	·
EV / Revenue	1.05Y avg ≈1.2	≈1.2	·	·
EV / FCF	13.65Y avg ≈5.6	≈5.6	·	·
Price / Tangible Book (MRQ)	1.85Y avg ≈1.6	≈1.6	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	PTEN	5Y avg	Peer Median	Verdict
Operating Margin (TTM)	-1.1%5Y avg ≈-10.2%	≈-10.2%	·	·
EBITDA Margin	-0.85%5Y avg ≈-10.2%	≈-10.2%	·	·
Pretax Margin (TTM)	-2.4%5Y avg ≈-11.8%	≈-11.8%	·	·
Net Profit Margin (TTM)	-1.9%5Y avg ≈-11.3%	≈-11.3%	·	·
ROA (TTM)	-1.6%5Y avg ≈-5.5%	≈-5.5%	·	·
ROE (TTM)	-2.8%5Y avg ≈-9.7%	≈-9.7%	·	·
ROIC	-0.83%5Y avg ≈-6.5%	≈-6.5%	·	·

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	PTEN	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	0.45Y avg ≈0.4	≈0.4	·	·
Current Ratio (MRQ)	1.75Y avg ≈1.5	≈1.5	·	·
Quick Ratio	1.35Y avg ≈1.2	≈1.2	·	·
Long-Term Debt / Equity (MRQ)	0.45Y avg ≈0.4	≈0.4	·	·

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	PTEN	5Y avg	Peer Median	Verdict
Revenue YoY	-10.2%5Y avg ≈38.4%	≈38.4%	·	·
Revenue CAGR 3Y	22.2%5Y avg ≈45.0%	≈45.0%	·	·
Revenue CAGR 5Y	33.8%	·	·	·
EPS YoY	25.7%	·	·	·
Net Income YoY	59.2%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	PTEN	5Y avg	Peer Median	Verdict
EPS (Diluted)	$-0.245Y avg ≈$-0.89	≈$-0.89	·	·
Revenue / Share	$12.595Y avg ≈$6770.49	≈$6770.49	·	·
Cash Flow / Share	$2.515Y avg ≈$1333.28	≈$1333.28	·	·
Cash / Share	$1.105Y avg ≈$0.68	≈$0.68	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	PTEN	5Y avg	Peer Median	Verdict
Asset Turnover	0.85Y avg ≈0.7	≈0.7	·	·
Receivables Turnover	6.55Y avg ≈5.8	≈5.8	·	·
Revenue / Employee	≈$611.0K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13

Dividend Yield2.9%

Payout Ratio-130.8%

Annualized Payout≈$0.40Paid quarterly

5Y Div CAGR≈32.0%Per share, split-adjusted

Ex-date	Amount	Currency	Yield
Sep 1, 2026	$0.10	USD	≈3.0%
Jun 1, 2026	$0.10	USD	≈3.1%
Mar 2, 2026	$0.10	USD	≈3.9%
Dec 1, 2025	$0.08	USD	≈5.5%
Sep 2, 2025	$0.08	USD	≈5.6%
Jun 2, 2025	$0.08	USD	≈5.8%
Mar 3, 2025	$0.08	USD	≈4.3%
Dec 2, 2024	$0.08	USD	≈3.8%
Sep 3, 2024	$0.08	USD	≈3.7%
Jun 3, 2024	$0.08	USD	≈3.1%
Feb 29, 2024	$0.08	USD	≈2.8%
Nov 30, 2023	$0.08	USD	≈2.7%
Sep 6, 2023	$0.08	USD	≈2.2%
May 31, 2023	$0.08	USD	≈3.3%
Mar 1, 2023	$0.08	USD	≈1.7%
Nov 30, 2022	$0.08	USD	≈1.2%
Aug 31, 2022	$0.04	USD	≈1.1%
Jun 1, 2022	$0.04	USD	≈0.64%
Mar 2, 2022	$0.04	USD	≈0.68%
Dec 1, 2021	$0.02	USD	≈1.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise 3.5%

Next Report Oct 20, 2026

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Jul 22, 2026	$-0.05	$-0.04	-14.4%
March 31, 2026		$-0.06	$-0.10	41.2%
Dec. 31, 2025		$-0.02	$-0.11	82.2%
Sept. 30, 2025		$-0.10	$-0.10	-1.0%
June 30, 2025		$-0.13	$-0.05	-187.0%
March 31, 2025		$0.00	$-0.04	100.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 15

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$4.83B	$5.38B	$4.15B	$2.65B	$1.36B	$1.12B	$2.47B	$3.33B	$2.36B	$916M	$1.89B	$3.18B
SG&A Expense	$255M	$268M	$170M	$117M	$92M	$98M	$134M	$134M	$106M	$69M	$75M	$80M
Operating Expenses	$4.87B	$6.27B	$3.79B	$2.44B	$2.03B	$2.02B	$2.93B	$3.65B	$2.65B	$1.37B	$2.30B	$2.90B
Operating Income	$-41M	$-890M	$352M	$211M	$-678M	$-892M	$-462M	$-322M	$-293M	$-456M	$-407M	$283M
Interest Expense	·	·	$53M	$40M	$42M	$41M	$75M	$52M	$37M	$40M	$36M	$30M
Interest Income	$7M	$6M	$6M	$360.0K	$222.0K	$1M	$6M	$6M	$2M	$327.0K	$964.0K	$979.0K
Other Non-op	$2M	$-975.0K	$2M	$-3M	$-275.0K	$756.0K	$389.0K	$750.0K	$343.0K	$69.0K	$34.0K	$3.0K
Pretax Income	$-103M	$-957M	$307M	$168M	$-720M	$-931M	$-530M	$-367M	$-328M	$-496M	$-442M	$254M
Income Tax	$-10M	$9M	$61M	$13M	$-63M	$-127M	$-105M	$-46M	$-334M	$-178M	$-148M	$92M
Net Income	$-94M	$-968M	$246M	$155M	$-655M	$-804M	$-426M	$-321M	$6M	$-319M	$-294M	$163M
EPS (Basic)	$-0.24	$-2.44	$0.88	$0.72	$-3.36	$-4.27	$-2.10	$-1.47	$0.03	$-2.18	$-2.00	$1.12
EPS (Diluted)	$-0.24	$-2.44	$0.88	$0.70	$-3.36	$-4.27	$-2.10	$-1.47	$0.03	$-2.18	$-2.00	$1.11
Shares (Basic)	383,465,000	397,196,000	279,501,000	215,935,000	195,021	188,013	203,039	218,643,000	198,447,000	146,178,000	145,416,000	144,066,000
Shares (Diluted)	383,465,000	397,196,000	280,061,000	219,496,000	195,021	188,013	203,039	218,643,000	199,882,000	146,178,000	145,416,000	145,376,000
EBITDA	$-41M	$-890M	$352M	$211M	$-678M	$-892M	·	$-322M	$-293M	·	$-407M	$283M

Balance Sheet 30

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$419M	$239M	$190M	$138M	$118M	$225M	$174M	$245M	$43M	$35M	$113M	$43M
Receivables	$723M	$764M	$971M	$566M	$356M	$160M	$340M	$559M	$580M	$148M	$220M	$663M
Inventory	$160M	$167M	$181M	$65M	$42M	$33M	$36M	$66M	$69M	$20M	$15M	$32M
Prepaid Expense	$114M	$34M	$46M	$12M	·	·	·	·	·	·	·	·
Other Current Assets	$114M	$123M	$141M	$61M	$68M	$55M	$75M	$77M	$53M	$41M	$40M	$52M
Current Assets	$1.42B	$1.30B	$1.49B	$829M	$584M	$478M	$632M	$950M	$747M	$247M	$487M	$909M
PP&E (Net)	$2.71B	$3.01B	$3.34B	$2.26B	$2.33B	$2.76B	$3.31B	$4.00B	$4.25B	$3.41B	$3.92B	$4.13B
PP&E (Gross)	$8.90B	$9.08B	$9.15B	$7.99B	$8.18B	$8.09B	$8.55B	$8.80B	$8.49B	$7.13B	$7.28B	$6.97B
Accum. Depreciation	$6.19B	$6.07B	$5.81B	$5.73B	$5.85B	$5.33B	$5.24B	$4.80B	$4.24B	$3.72B	$3.36B	$2.84B
Goodwill	$487M	$487M	$1.38B	$0	$0	·	$395M	$411M	$611M	$86M	$86M	$211M
Intangibles	$815M	$930M	$1.05B	$6M	$8M	$30M	$49M	$67M	$76M	$3M	·	·
Other Non-current Assets	$69M	$24M	$19M	$11M	$11M	$11M	$18M	$27M	$50M	$7M	$7M	$21M
Total Assets	$5.57B	$5.83B	$7.42B	$3.14B	$2.96B	$3.30B	$4.44B	$5.47B	$5.76B	$3.77B	$4.47B	$5.39B
Accounts Payable	$471M	$421M	$534M	$237M	$190M	$91M	$170M	$289M	$320M	$126M	$83M	$382M
Accrued Liabilities	$366M	$386M	$446M	$309M	$239M	$176M	$220M	$236M	$227M	$139M	$162M	$173M
Current Liabilities	$864M	$842M	$1.05B	$551M	$436M	$274M	$401M	$526M	$546M	$265M	$308M	$568M
Capital Leases	$28M	$34M	$38M	$20M	$18M	$19M	$27M	$35M	·	·	·	·
Deferred Tax	$216M	$238M	$248M	$29M	$29M	$78M	$203M	$306M	$351M	$651M	$864M	$936M
Other Non-current Liabilities	$12M	$13M	$25M	$48M	$13M	$11M	$9M	$13M	$12M	$10M	$9M	$11M
Total Liabilities	$2.35B	$2.36B	$2.60B	$1.48B	$1.35B	$1.28B	$1.61B	$1.96B	$1.78B	$1.52B	$1.97B	$2.49B
Long-term Debt	$1.23B	$1.23B	$1.25B	$836M	$859M	$909M	$975M	$1.12B	$868M	$600M	$855M	$986M
Total Debt	$1.22B	$1.23B	$1.24B	$831M	$852M	$901M	·	$1.12B	$599M	·	$64M	$12M
Common Stock	$5M	$5M	$5M	$3M	$3M	$3M	$3M	$3M	$3M	$2M	$2M	$2M
Paid-in Capital	·	·	·	·	·	·	·	·	·	·	·	$985M
Retained Earnings	$-1.26B	$-1.04B	$57M	$-87M	$-198M	$472M	$1.29B	$1.75B	$2.11B	$2.12B	$2.46B	$2.81B
Treasury Stock	$2.02B	$1.95B	$1.66B	$1.45B	$1.37B	$1.37B	$1.35B	$1.08B	$919M	$911M	$907M	$899M
AOCI	$-1M	$-3M	$472.0K	$0	$6M	$5M	$5M	$2M	$7M	$-1M	$-4M	$6M
Stockholders' Equity	$3.22B	$3.47B	$4.81B	$1.67B	$1.61B	$2.02B	$2.83B	$3.51B	$3.98B	$2.25B	$2.56B	$2.91B
Liabilities + Equity	$5.57B	$5.83B	$7.42B	$3.14B	$2.96B	$3.30B	$4.44B	$5.47B	$5.76B	$3.77B	$4.53B	$5.39B
Shares Outstanding	379,301,646	387,344,755	411,195,302	213,567,131	215,139,972	187,626,366	192,035,870	213,614,430	222,456,472	148,133,255	147,167,561	146,444,291

Cash Flow 17

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Stock-based Comp	$39M	$46M	$47M	$21M	$22M	$27M	$39M	$38M	$44M	$28M	$29M	$27M
Deferred Tax	$-22M	$-2M	$52M	$7M	$-63M	$-125M	$-103M	$-41M	$-330M	$-152M	$-100M	$44M
Amort. of Intangibles	$126M	$124M	$42M	$1M	$24M	$19M	$18M	$18M	$24M	$4M	$4M	$4M
Operating Cash Flow	$961M	$1.18B	$1.01B	$566M	$95M	$279M	$696M	$731M	$301M	$305M	$999M	$729M
CapEx	$589M	$678M	$616M	$437M	$166M	$145M	$348M	$641M	$567M	$120M	$744M	$1.05B
Investing Cash Flow	$-567M	$-655M	$-1.02B	$-413M	$-132M	$-125M	$-302M	$-585M	$-1.01B	$-98M	·	·
Debt Issued	·	·	·	·	·	·	·	$521M	·	·	$200M	·
Net Debt Issued	·	·	·	·	·	·	·	$521M	·	·	$172M	$-10M
Stock Issued	·	·	·	·	·	·	·	·	$472M	·	·	·
Stock Repurchased	$70M	$290M	$201M	$70M	$6M	$21M	$255M	$162M	$7M	$4M	$8M	$14M
Net Stock Activity	$-70M	$-290M	$-201M	$-70M	$-6M	$-21M	·	$-162M	$-7M	·	$-8M	$-14M
Dividends Paid	$122M	$127M	$100M	$43M	$16M	$19M	$32M	$31M	$16M	$24M	$59M	$58M
Financing Cash Flow	$-211M	$-475M	$66M	$-133M	$-72M	$-103M	$-465M	$57M	$717M	$-285M	·	·
Net Change in Cash	$179M	$49M	$55M	$20M	$-107M	$51M	$-71M	$202M	$8M	$-78M	$70M	$-206M
Taxes Paid	$8M	$15M	$27M	$-2M	$4M	$4M	$-1M	$3M	$4M	$53M	$97M	$126M
Free Cash Flow	$372M	$497M	$390M	$129M	$-71M	$133M	·	$89M	$-266M	·	$256M	$-324M
Levered FCF	·	·	$348M	$92M	$-109M	$98M	·	$44M	$-266M	·	$231M	$-343M

Profitability 7

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	-0.85%	-16.5%	8.5%	8.0%	-49.9%	-79.4%	·	-9.7%	-12.4%	·	-21.5%	8.9%
Net Margin	-1.9%	-18.0%	5.9%	5.8%	-48.2%	-71.5%	·	-9.7%	0.25%	·	-15.6%	5.1%
Pretax Margin	-2.1%	-17.8%	7.4%	6.3%	-53.0%	-82.8%	·	-11.0%	-13.9%	·	-23.4%	8.0%
EBITDA Margin	-0.85%	-16.5%	8.5%	8.0%	-49.9%	-79.4%	·	-9.7%	-12.4%	·	-21.5%	8.9%
ROA	-1.6%	-14.6%	4.7%	5.1%	-20.9%	-20.8%	·	-5.7%	0.12%	·	-5.9%	3.2%
ROE	-2.8%	-23.4%	7.6%	9.5%	-39.2%	-38.9%	·	-8.8%	0.19%	·	-10.8%	5.8%
ROIC	-0.83%	-19.1%	4.7%	7.8%	-25.1%	-26.4%	·	-6.1%	0.12%	·	-10.3%	6.2%

Liquidity & Solvency 5

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.6	1.5	1.4	1.5	1.3	1.7	·	1.8	1.4	·	1.6	1.6
Quick Ratio	1.3	1.2	1.1	1.3	1.1	1.4	·	1.5	1.1	·	1.1	1.2
Debt / Equity	0.4	0.4	0.3	0.5	0.5	0.4	·	0.3	0.2	·	0.0	0.0
LT Debt / Equity	0.4	0.4	0.3	0.5	0.5	0.4	·	0.3	0.2	·	·	·
Interest Coverage	·	·	6.7	5.2	-16.1	-21.9	·	-6.2	-7.8	·	-11.2	9.5

Efficiency 2

Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.8	0.8	0.8	0.9	0.4	0.3	·	0.6	0.5	·	0.4	0.6
Receivables Turnover		6.5	6.2	5.4	5.7	5.3	4.5	·	5.8	6.5	·	4.3	5.7

Per Share 6

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$8.49	$8.95	$11.70	$7.80	$7.48	$10.75	·	$16.41	$17.90	·	$17.40	$19.84
Revenue / Share	$12.59	$13.54	$14805.55	$12062.14	$6958.64	$5.98	·	$15.22	$11.79	·	$13.01	$21.89
Cash Flow / Share	$2.51	$2.96	$3591.77	$2579.49	$489.67	$1.48	·	$3.34	$1.50	·	$6.87	$5.01
Cash / Share	$1.10	$0.62	$0.47	$0.64	$0.55	$1.20	·	$1.15	$0.19	·	$0.77	$0.29
Dividend Paid / Share	$0.32	$0.32	$0.32	$0.20	$0.08	$0.10	$0.16	$0.14	$0.08	$0.16	$0.40	$0.40
EPS (TTM)	$-0.24	$-2.44	$0.88	$0.70	$-3.36	$-4.27	$-2.10	$-1.47	$0.03	$-2.18	$-2.00	$1.11

Growth Rates 6

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	-10.2%	29.7%	56.6%	95.1%	20.7%	·	·	·	·	·	·	·
Revenue CAGR 3Y	22.2%	58.2%	54.5%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	33.8%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	·	·	25.7%	·	·	·	·	·	·	·	·	·
Net Income YoY	·	·	59.2%	·	·	·	·	·	·	·	·	·
Dividends Paid CAGR 5Y	45.4%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 17

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$4.83B	$5.38B	$4.15B	$2.65B	$1.36B	$1.12B	$2.47B	$3.33B	$2.36B	$916M	$1.89B	$3.18B
Net Income TTM	$-94M	$-968M	$246M	$155M	$-655M	$-804M	$-426M	$-321M	$6M	$-319M	$-294M	$163M
Market Cap	$2.32B	$3.20B	$4.44B	$3.60B	$1.82B	$987M	·	$2.21B	$5.12B	·	$2.22B	$2.43B
Enterprise Value	$3.12B	$4.19B	$5.49B	$4.29B	$2.55B	$1.66B	·	$3.09B	$5.67B	·	$2.17B	$2.40B
P/E	-25.5	-3.4	12.3	24.1	-2.5	-1.2	-5.0	-7.0	767.0	-12.3	-7.5	14.9
P/S	0.5	0.6	1.1	1.4	1.3	0.9	·	0.7	2.2	·	1.2	0.8
P/B	0.7	0.9	0.9	2.2	1.1	0.5	·	0.6	1.3	·	0.9	0.8
P / Tangible Book	1.2	1.6	1.9	2.2	1.1	0.5	·	·	·	·	·	·
P / Cash Flow	2.4	2.7	4.4	6.4	19.0	3.5	·	3.0	17.0	·	2.2	3.3
P / FCF	6.2	6.4	11.4	27.8	-25.7	7.4	·	24.8	-19.2	·	8.7	-7.5
EV / EBITDA	-76.4	-4.7	15.6	20.3	-3.8	-1.9	·	-9.6	-19.4	·	-5.3	8.5
EV / FCF	8.4	8.4	14.1	33.2	-36.0	12.5	·	34.6	-21.3	·	8.5	-7.4
EV / Revenue	0.6	0.8	1.3	1.6	1.9	1.5	·	0.9	2.4	·	1.1	0.8
Dividend Yield	5.3%	4.0%	2.2%	1.2%	0.86%	1.9%	·	1.4%	0.32%	·	2.6%	2.4%
Earnings Yield	-3.9%	-29.5%	8.2%	4.2%	-39.8%	-81.2%	-20.0%	-14.2%	0.13%	-8.1%	-13.3%	6.7%
Payout Ratio	-130.8%	-13.1%	40.6%	27.9%	-2.4%	-2.4%	·	-9.5%	276.1%	·	-20.0%	35.8%
Annual Payout	$122M	$127M	$100M	$43M	$16M	$19M	$32M	$31M	$16M	$24M	$59M	$58M

Income Statement 15

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$1.23B	$1.12B	$1.15B	$1.18B	$1.22B	$1.28B	$1.16B	$1.36B	$1.35B	$1.51B	$1.58B	$1.01B	$759M	$792M	$788M	$728M
SG&A Expense	$68M	$69M	$62M	$62M	$64M	$67M	$73M	$66M	$65M	$65M	$61M	$45M	$33M	$31M	$35M	$28M
Operating Expenses	$1.23B	$1.13B	$1.15B	$1.20B	$1.25B	$1.26B	$1.19B	$2.35B	$1.30B	$1.42B	$1.47B	$1.00B	$654M	$666M	$672M	$651M
Operating Income	$-7M	$-14M	$-235.0K	$-28M	$-29M	$17M	$-31M	$-991M	$45M	$87M	$112M	$10M	$105M	$126M	$117M	$76M
Interest Expense	·	·	·	·	·	·	·	·	·	$18M	·	$16M	$10M	$9M	·	$11M
Interest Income	$3M	$3M	$2M	$1M	$1M	$1M	$928.0K	$745.0K	$2M	$2M	$2M	$2M	$1M	$1M	$273.0K	$58.0K
Other Non-op	$-3M	$965.0K	$354.0K	$1M	$-2M	$2M	$-1M	$-716.0K	$224.0K	$850.0K	$-1M	$-618.0K	$2M	$1M	$-629.0K	$-2M
Pretax Income	$-28M	$-28M	$-15M	$-43M	$-48M	$3M	$-49M	$-1.01B	$29M	$72M	$93M	$-4M	$98M	$120M	$108M	$64M
Income Tax	$-9M	$-4M	$-6M	$-7M	$1M	$1M	$2M	$-30M	$18M	$20M	$31M	$-4M	$14M	$20M	$8M	$2M
Net Income	$-20M	$-25M	$-9M	$-36M	$-49M	$1M	$-52M	$-979M	$11M	$51M	$62M	$50.0K	$85M	$100M	$100M	$61M
EPS (Basic)	$-0.05	$-0.06	$-0.01	$-0.10	$-0.13	$0.00	$-0.10	$-2.50	$0.03	$0.13	$0.00	$0.00	$0.41	$0.47	$0.47	$0.28
EPS (Diluted)	$-0.05	$-0.06	$-0.01	$-0.10	$-0.13	$0.00	$-0.10	$-2.50	$0.03	$0.13	$0.02	$0.00	$0.40	$0.46	$0.45	$0.28
Shares (Basic)	380,192,000	379,587,000	·	382,819,000	385,365,000	386,521,000	·	391,732,000	399,558,000	408,182,000	·	280,218,000	207,839,000	212,089,000	·	216,822,000
Shares (Diluted)	380,192,000	379,587,000	·	382,819,000	385,365,000	387,044,000	·	391,732,000	399,558,000	409,819,000	·	281,984,000	208,984,000	215,866,000	·	220,454,000
EBITDA	$-7M	$-14M	·	$-28M	$-29M	$17M	·	$-991M	$45M	$87M	·	$198M	$105M	$126M	·	$76M

Balance Sheet 29

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$201M	$335M	$419M	$185M	$184M	$223M	$239M	$113M	$72M	$168M	·	$67M	$150M	$157M	·	$43M
Receivables	$920M	$742M	$723M	$800M	$771M	$800M	$764M	$864M	$867M	$873M	·	$1.01B	$491M	$493M	·	$546M
Inventory	$141M	$151M	$160M	$156M	$164M	$168M	$167M	$173M	$172M	$183M	·	$187M	$68M	$65M	·	$55M
Prepaid Expense	$109M	$30M	$35M	$45M	$43M	$29M	$34M	$43M	$50M	$33M	·	$57M	$22M	$8M	·	·
Other Current Assets	·	$92M	$114M	$134M	$121M	$124M	$123M	$150M	$165M	$129M	·	$161M	$92M	$64M	·	$68M
Current Assets	$1.37B	$1.32B	$1.42B	$1.28B	$1.24B	$1.32B	$1.30B	$1.30B	$1.28B	$1.35B	·	$1.42B	$801M	$780M	·	$713M
PP&E (Net)	$2.60B	$2.63B	$2.71B	$2.79B	$2.84B	$2.94B	$3.01B	$3.10B	$3.24B	$3.32B	·	$3.39B	$2.26B	$2.25B	·	$2.28B
PP&E (Gross)	$8.66B	$8.82B	$8.90B	$8.98B	$8.92B	$8.93B	$9.08B	$9.20B	$9.38B	$9.30B	·	$9.15B	$8.04B	$8.05B	·	$7.97B
Accum. Depreciation	$6.06B	$6.19B	$6.19B	$6.20B	$6.09B	$5.99B	$6.07B	$6.10B	$6.15B	$5.98B	·	$5.76B	$5.77B	$5.79B	·	$5.69B
Goodwill	$487M	$487M	$487M	$487M	$487M	$487M	$487M	$487M	$1.38B	$1.38B	·	$1.37B	·	·	·	·
Intangibles	$755M	$784M	$815M	$843M	$872M	$901M	$930M	$963M	$992M	$1.02B	·	$1.07B	$5M	$5M	·	$6M
Other Non-current Assets	$89M	$79M	$69M	$63M	$56M	$36M	$24M	$24M	$22M	$19M	·	$18M	$10M	$11M	·	$10M
Total Assets	$5.37B	$5.36B	$5.57B	$5.53B	$5.58B	$5.77B	$5.83B	$5.96B	$7.02B	$7.23B	$7.42B	$7.42B	$3.12B	$3.09B	$3.14B	$3.04B
Accounts Payable	$513M	$442M	$471M	$461M	$427M	$514M	$421M	$493M	$476M	$545M	·	$580M	$246M	$271M	·	$264M
Accrued Liabilities	$248M	$256M	$366M	$284M	$262M	$274M	$386M	$327M	$329M	$324M	·	$390M	$204M	$204M	·	$188M
Current Liabilities	$784M	$720M	$864M	$778M	$716M	$818M	$842M	$858M	$851M	$917M	·	$1.04B	$454M	$487M	·	$460M
Capital Leases	$28M	$25M	$28M	$29M	$30M	$32M	$34M	$37M	$38M	$40M	·	$39M	$17M	$18M	·	$21M
Deferred Tax	$203M	$212M	$216M	$233M	$240M	$239M	$238M	$246M	$280M	$268M	·	$218M	$59M	$47M	·	$23M
Other Non-current Liabilities	$16M	$15M	$12M	$12M	$12M	$12M	$13M	$14M	$14M	$16M	·	$26M	$44M	$45M	·	$51M
Total Liabilities	$2.27B	$2.19B	$2.35B	$2.28B	$2.23B	$2.33B	$2.36B	$2.39B	$2.41B	$2.47B	·	$2.56B	$1.40B	$1.42B	·	$1.41B
Long-term Debt	·	·	$1.23B	$1.23B	$1.23B	$1.23B	$1.23B	$1.24B	$1.24B	$1.24B	·	$1.25B	$827M	$827M	·	$859M
Total Debt	$1.23B	$1.22B	·	$1.22B	$1.22B	$1.22B	·	$1.23B	$1.23B	$1.23B	·	$1.24B	$822M	$822M	·	$853M
Common Stock	$5M	$5M	$5M	$5M	$5M	$5M	$5M	$5M	$5M	$5M	·	$5M	$3M	$3M	·	$3M
Retained Earnings	$-1.38B	$-1.32B	$-1.26B	$-1.22B	$-1.15B	$-1.07B	$-1.04B	$-956M	$54M	$75M	·	$29M	$63M	$-5M	·	$-170M
Treasury Stock	$2.03B	$2.02B	$2.02B	$2.02B	$1.99B	$1.97B	$1.95B	$1.93B	$1.89B	$1.76B	$1.66B	$1.58B	$1.55B	$1.53B	$1.45B	$1.40B
AOCI	$-2M	$-2M	$-1M	$-2M	$-1M	$-3M	$-3M	$-51.0K	$-648.0K	$-521.0K	·	$-656.0K	·	$0	·	$0
Stockholders' Equity	$3.10B	$3.16B	$3.22B	$3.25B	$3.34B	$3.43B	$3.47B	$3.56B	$4.60B	$4.74B	·	$4.85B	$1.72B	$1.67B	·	$1.63B
Liabilities + Equity	$5.37B	$5.36B	$5.57B	$5.53B	$5.58B	$5.77B	$5.83B	$5.96B	$7.02B	$7.23B	·	$7.42B	$3.12B	$3.09B	·	$3.04B
Shares Outstanding	381,380,305	379,602,464	379,301,646	379,243,018	385,155,678	385,978,013	387,344,755	389,938,852	393,955,237	403,807,871	·	417,303,286	207,993,589	208,026,771	·	216,821,730

Cash Flow 15

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	·	·	·	·	·	·	·	·	·	·	·	$188M	·	·	·	$121M
Stock-based Comp	$9M	$4M	$9M	$9M	$10M	$12M	$11M	$13M	$11M	$12M	$13M	$27M	$7M	$-758.0K	$6M	$6M
Deferred Tax	$-9M	$-4M	$-16M	$-7M	$1M	$359.0K	$-8M	$-30M	$17M	$20M	$30M	$-7M	$11M	$18M	$6M	$526.0K
Amort. of Intangibles	$32M	$32M	$32M	$32M	$32M	$31M	$32M	$31M	$31M	$30M	$30M	$10M	$400.0K	$800.0K	$300.0K	$300.0K
Operating Cash Flow	$56M	$64M	$398M	$216M	$140M	$208M	$316M	$296M	$198M	$366M	$453M	$156M	$163M	$234M	$303M	$178M
CapEx	$156M	$117M	$139M	$144M	$144M	$162M	$140M	$181M	$131M	$227M	$205M	$160M	$132M	$118M	$119M	$126M
Investing Cash Flow	$-153M	$-106M	$-130M	$-148M	$-125M	$-165M	$-130M	$-175M	$-122M	$-227M	$-204M	$-571M	$-126M	$-116M	$-114M	$-121M
Stock Repurchased	$9M	$350.0K	$212.0K	$34M	$16M	$20M	$20M	$40M	$132M	$98M	$76M	$23M	$27M	$74M	$57M	$0
Net Stock Activity	·	$-350.0K	·	·	·	$-20M	·	·	·	$-98M	·	·	·	$-74M	·	·
Dividends Paid	$38M	$38M	$30M	$30M	$31M	$31M	$31M	$31M	$32M	$33M	$33M	$33M	$17M	$17M	$17M	$9M
Financing Cash Flow	$-37M	$-40M	$-32M	$-66M	$-54M	$-59M	$-64M	$-79M	$-171M	$-162M	$-123M	$331M	$-44M	$-98M	$-95M	$-34M
Net Change in Cash	$-134M	$-83M	$234M	$1M	$-39M	$-16M	$126M	$40M	$-95M	$-22M	$126M	$-83M	$-7M	$20M	$95M	$23M
Taxes Paid	$-2M	$15M	$14M	$-2M	$-5M	$1M	$29M	$-2M	$-12M	$-383.0K	$55M	$-10M	$-17M	$-335.0K	$-360.0K	$-286.0K
Free Cash Flow	·	$-53M	·	·	·	$46M	·	·	·	$139M	·	·	·	$117M	·	·
Levered FCF	·	·	·	·	·	·	·	·	·	$126M	·	·	·	$109M	·	·

Profitability 7

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Margin	-0.57%	-1.3%	·	-2.4%	-2.4%	1.3%	·	-73.0%	3.4%	5.8%	·	0.96%	13.8%	15.9%	·	10.5%
Net Margin	-1.6%	-2.2%	·	-3.1%	-4.0%	0.08%	·	-72.1%	0.82%	3.4%	·	0.00%	11.2%	12.6%	·	8.5%
Pretax Margin	-2.3%	-2.5%	·	-3.7%	-3.9%	0.21%	·	-74.3%	2.2%	4.8%	·	-0.44%	13.0%	15.1%	·	8.8%
EBITDA Margin	-0.57%	-1.3%	·	-2.4%	-2.4%	1.3%	·	-73.0%	3.4%	5.8%	·	19.6%	13.8%	15.9%	·	10.5%
ROA	-0.36%	-0.44%	·	-0.63%	-0.78%	0.02%	·	-14.6%	0.22%	0.99%	·	0.00%	2.8%	3.3%	·	2.0%
ROE	-0.61%	-0.75%	·	-1.1%	-1.2%	0.02%	·	-23.3%	0.35%	1.6%	·	0.00%	5.1%	6.1%	·	3.7%
ROIC	-0.11%	-0.28%	·	-0.53%	-0.66%	0.18%	·	-20.1%	0.31%	1.1%	·	0.01%	3.5%	4.2%	·	3.0%

Liquidity & Solvency 5

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	1.7	1.8	·	1.6	1.7	1.6	·	1.5	1.5	1.5	·	1.4	1.8	1.6	·	1.5
Quick Ratio	1.4	1.5	·	1.3	1.3	1.3	·	1.1	1.1	1.1	·	1.0	1.4	1.3	·	1.3
Debt / Equity	0.4	0.4	·	0.4	0.4	0.4	·	0.3	0.3	0.3	·	0.3	0.5	0.5	·	0.5
LT Debt / Equity	0.4	0.4	·	0.4	0.4	0.4	·	0.3	0.3	0.3	·	0.3	0.5	0.5	·	0.5
Interest Coverage	·	·	·	·	·	·	·	·	·	4.7	·	0.6	10.7	14.3	·	7.0

Efficiency 2

Metric	Trend	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover		0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.3	0.3	·	0.2	0.2	0.3	·	0.2
Receivables Turnover		1.5	1.4	·	1.4	1.5	1.5	·	1.4	2.0	2.2	·	1.3	1.6	1.8	·	1.8

Per Share 6

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$8.13	$8.32	·	$8.57	$8.68	$8.88	·	$9.14	$11.67	$11.75	·	$11.63	$8.27	$8.04	·	$7.54
Revenue / Share	$3.23	$2.94	·	$3.07	$3.16	$3.31	·	$3.46	$3.37	$3.69	·	$3.59	$3.63	$3.67	·	$3.30
Cash Flow / Share	·	$0.17	·	·	·	$0.54	·	·	·	$0.89	·	·	·	$1.09	·	·
Cash / Share	$0.53	$0.88	·	$0.49	$0.48	$0.58	·	$0.29	$0.18	$0.42	·	$0.16	$0.72	$0.76	·	$0.20
Dividend Paid / Share	$0.10	$0.10	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.04
EPS (TTM)	$-0.22	$-0.30	·	$-0.33	$-2.73	$-2.57	·	$-2.32	$0.18	$0.55	·	$1.31	$1.59	$1.29	·	$-1.55

Valuation (TTM) 14

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$4.67B	$4.66B	·	$4.84B	$5.02B	$5.15B	·	$5.80B	$5.45B	$4.87B	·	$3.35B	$3.07B	$2.93B	·	$2.33B
Net Income TTM	$-90M	$-119M	·	$-136M	$-1.08B	$-1.02B	·	$-854M	$124M	$198M	·	$284M	$346M	$283M	·	$-307M
Market Cap	$3.50B	$4.11B	·	$1.96B	$2.28B	$3.17B	·	$2.98B	$4.08B	$4.82B	·	$5.78B	$2.49B	$2.43B	·	$2.53B
Enterprise Value	$4.53B	$5.00B	·	$3.00B	$3.32B	$4.17B	·	$4.10B	$5.24B	$5.89B	·	$6.95B	$3.16B	$3.10B	·	$3.34B
P/E	-41.7	-36.1	·	-15.7	-2.2	-3.2	·	-3.3	57.6	21.7	·	10.6	7.5	9.1	·	-7.5
P/S	0.7	0.9	·	0.4	0.5	0.6	·	0.5	0.7	1.0	·	1.7	0.8	0.8	·	1.1
P/B	1.1	1.3	·	0.6	0.7	0.9	·	0.8	0.9	1.0	·	1.2	1.4	1.5	·	1.5
P / Tangible Book	1.9	2.2	·	1.0	1.2	1.6	·	1.4	1.8	2.1	·	2.4	1.5	1.5	·	1.6
P / Cash Flow	·	64.4	·	·	·	15.2	·	·	·	13.2	·	·	·	10.4	·	·
EV / Revenue	1.0	1.1	·	0.6	0.7	0.8	·	0.7	1.0	1.2	·	2.1	1.0	1.1	·	1.4
Dividend Yield	3.9%	3.1%	·	6.3%	5.4%	3.9%	·	4.3%	3.2%	2.4%	·	1.5%	2.4%	2.1%	·	1.2%
Earnings Yield	-2.4%	-2.8%	·	-6.4%	-46.0%	-31.3%	·	-30.3%	1.7%	4.6%	·	9.5%	13.3%	11.0%	·	-13.3%
Payout Ratio	·	-154.1%	·	·	·	3072.3%	·	·	·	63.5%	·	·	·	17.0%	·	·
Annual Payout	$137M	$130M	·	$123M	$124M	$125M	·	$129M	$131M	$116M	·	$84M	$59M	$51M	·	$30M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$4.83B	$5.38B	$4.15B	$2.65B	$1.36B
Operating Margin %	-0.85%	-16.5%	8.5%	8.0%	-49.9%
Net Income	$-94M	$-968M	$246M	$155M	$-655M
Diluted EPS	$-0.24	$-2.44	$0.88	$0.70	$-3.36

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.4	0.4	0.3	0.5	0.5
Current Ratio	1.6	1.5	1.4	1.5	1.3
Quick Ratio	1.3	1.2	1.1	1.3	1.1

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$372M	$497M	$390M	$129M	$-71M

Institutional owners (13F) 477 filers · $4.1B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 477

Value held $4.1B

New positions 88

Exited positions 57

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
88 (-13 vs prior Q)	57 (+16 vs prior Q)	179 (+50 vs prior Q)	108 (-23 vs prior Q)	+26.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
BlackRock, Inc.	$577,233,929	62,879,513	14.03%	Shares
VANGUARD GROUP INC	$257,930,582	42,214,498	6.27%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$249,733,684	27,204,105	6.07%	Shares
DIMENSIONAL FUND ADVISORS LP	$209,141,730	22,781,002	5.08%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$153,122,758	16,680,039	3.72%	Shares
GOLDMAN SACHS GROUP INC	$150,003,692	16,340,271	3.65%	Shares
AMERICAN CENTURY COMPANIES INC	$149,138,528	16,246,027	3.63%	Shares
STATE STREET CORP	$138,591,057	15,097,065	3.37%	Shares
Sourcerock Group LLC	$133,603,921	14,553,804	3.25%	Shares
Invesco Ltd.	$118,719,654	12,932,424	2.89%	Shares
FULLER & THALER ASSET MANAGEMENT, INC.	$108,512,940	11,820,582	2.64%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$95,389,947	10,389,484	2.32%	Shares
PRINCIPAL FINANCIAL GROUP INC	$82,818,187	9,021,589	2.01%	Shares
RENAISSANCE TECHNOLOGIES LLC	$73,044,333	7,956,899	1.78%	Shares
VAN ECK ASSOCIATES CORP	$65,476,644	7,132,532	1.59%	Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	$64,989,000	7,079,207	1.58%	Shares
FRANKLIN RESOURCES INC	$60,931,497	6,637,418	1.48%	Shares
Encompass Capital Advisors LLC	$54,355,441	5,921,072	1.32%	Shares
Webs Creek Capital Management LP	$53,729,934	5,852,934	1.31%	Shares
BANK OF AMERICA CORP /DE/	$52,131,731	5,678,838	1.27%	Shares
MORGAN STANLEY	$48,499,154	5,283,131	1.18%	Shares
VICTORY CAPITAL MANAGEMENT INC	$45,490,774	4,955,422	1.11%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$40,558,452	4,418,132	0.99%	Shares
Bank of New York Mellon Corp	$38,765,610	4,222,833	0.94%	Shares
UBS Group AG	$38,667,573	4,212,154	0.94%	Shares
NORTHERN TRUST CORP	$37,125,765	4,044,201	0.90%	Shares
Nuveen, LLC	$34,928,361	3,804,833	0.85%	Shares
Fisher Asset Management, LLC	$28,690,692	3,125,348	0.70%	Shares
CITIGROUP INC	$27,667,189	3,013,855	0.67%	Shares
AQR CAPITAL MANAGEMENT LLC	$26,881,379	2,928,255	0.65%	Shares
DEPRINCE RACE & ZOLLO INC	$25,610,006	2,789,761	0.62%	Shares
JPMORGAN CHASE & CO	$23,850,466	2,480,107	0.58%	Shares
TWO SIGMA INVESTMENTS, LP	$23,826,011	2,595,426	0.58%	Shares
NEUBERGER BERMAN GROUP LLC	$23,664,046	2,568,564	0.58%	Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC	$22,706,436	2,473,468	0.55%	Shares
VANGUARD FIDUCIARY TRUST CO	$21,362,686	2,327,090	0.52%	Shares
Blackstone Inc.	$19,303,456	2,102,773	0.47%	Shares
Penn Capital Management Company, LLC	$18,306,734	1,990,225	0.45%	Shares
ARGA Investment Management, LP	$18,230,057	1,985,845	0.44%	Shares
CITADEL ADVISORS LLC	$17,899,687	1,949,857	0.44%	Shares
Allspring Global Investments Holdings, LLC	$17,252,336	2,013,108	0.42%	Shares
Qube Research & Technologies Ltd	$15,399,891	1,677,548	0.37%	Shares
KAHN BROTHERS GROUP INC	$15,273,298	1,663,758	0.37%	Shares
AMERIPRISE FINANCIAL INC	$14,996,754	1,633,816	0.36%	Shares
Freestone Grove Partners LP	$14,760,550	1,607,903	0.36%	Shares
Empowered Funds, LLC	$14,179,932	1,544,655	0.34%	Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC	$13,799,679	1,503,233	0.34%	Shares
EDMOND DE ROTHSCHILD HOLDING S.A.	$13,586,400	1,480,000	0.33%	Shares
NEW YORK STATE COMMON RETIREMENT FUND	$12,969,559	1,412,806	0.32%	Shares
Allianz Asset Management GmbH	$12,750,772	1,388,973	0.31%	Shares

Show all 477 institutional owners →

Activists & 5%+ owners 8 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Patterson-UTI Energy, Inc. ×3 filings	June 23, 2023	·	Initial filing	M&A / sale	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	Feb. 12, 2004	·	Initial filing	·	SEC
Undisclosed reporting person	May 27, 2003	·	Initial filing	·	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	Nov. 8, 2002	·	Initial filing	·	SEC
Undisclosed reporting person	Oct. 31, 2002	·	Initial filing	·	SEC
Undisclosed reporting person	June 21, 2002	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	Sept. 27, 2001	·	Initial filing	·	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	May 18, 2001	·	Initial filing	Passive investment	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 32 insiders · 13 officers · 19 directors

19

Insider	Role	Last activity	Shares owned	Sells 12m	Net 12m
William Andrew Hendricks JR	President & CEO	Sept. 18, 2026 S	2,042,474	4	$-11,500,500
Douglas James Wall	Chief Executive Officer	April 26, 2011 A	369,434	0	$0
Charles Andrew Smith	EVP & Chief Financial Officer	May 9, 2026 F	713,439	0	$0
John E Vollmer III	Chief Financial Officer	May 2, 2017 A	800,460	0	$0
Jonathan D Nelson	Chief Financial Officer	June 17, 2005 M	40,200	0	$0
Matthew Gillard	President-Completions	Aug. 16, 2024 M	129,742	0	$0
Glenn A Patterson	President and COO	June 16, 2005 M	150,148	0	$0
James Michael Holcomb	EVP & Chief Operating Officer	May 28, 2026 S	421,523	1	$-1,720,500
Seth David Wexler	EVP, General Counsel&Secretary	Sept. 1, 2026 S	404,582	1	$-1,530,000
Forrest C Robinson	Chief Accounting Officer	June 9, 2026 F	71,926	1	$-164,177
Mark S. Siegel	Chairman of the Board	May 11, 2020 A	1,574,985	0	$0
Gregory W Pipkin	Chief Accounting Officer	June 9, 2012 A	28,303	0	$0
William Leo Moll Jr	GENERAL COUNSEL AND SECRETARY	June 9, 2009 F	26,470	0	$0
Robert Wayne Drummond Jr	Director	Sept. 2, 2026 S	928,773	6	$-12,139,636
James Carl Stewart	Director	Aug. 25, 2026 S	0	3	$-6,604,931
Cesar Jaime	Director	May 5, 2026 S	77,462	1	$-122,900
Tiffany Thom Cepak	Director	March 4, 2026 S	161,111	1	$-106,320
Janeen S Judah	Director	Jan. 1, 2026 A	187,695	0	$0
Amy H Nelson	Director	Jan. 1, 2026 A	191,468	0	$0
Gary M. Halverson	Director	Jan. 1, 2026 A	196,612	0	$0
Julie J Robertson	Director	Jan. 1, 2026 A	87,462	0	$0
Leslie Ann Beyer	Director	Jan. 1, 2025 A	55,120	0	$0
Michael W Conlon	Director	Jan. 1, 2023 A	146,655	0	$0
Terry H Hunt	Director	Jan. 1, 2023 A	131,246	0	$0
Charles Oliver Buckner	Director	March 11, 2020 P	55,881	0	$0
Cloyce A Talbott	Director	Jan. 1, 2015 A	293,476	0	$0
PEAK KENNETH R	Director	Jan. 1, 2013 A	29,000	0	$0
Robert C Gist	Director	March 26, 2007 J	57,772	0	$0
Nadine C Smith	Director	Jan. 3, 2007 A	29,000	0	$0
PATTERSON UTI ENERGY INC	10% owner	Feb. 11, 2004 J	0	0	$0
Kenneth N Berns	·	May 9, 2026 F	1,043,987	0	$0
Curtis W Huff	·	Jan. 1, 2026 A	450,040	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 73 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
PSCE · Invesco Exchange-Traded Fund Trust …	3.75%	350,807 SH	Oct. 1, 2026	Daily
PXJ · Invesco Exchange-Traded Fund Trust	2.68%	306,903 SH	Oct. 1, 2026	Daily
IEZ · iShares Trust	2.29%	670,058 SH	Sept. 11, 2026	Daily
RZV · Invesco Exchange-Traded Fund Trust	1.41%	356,518 SH	Oct. 1, 2026	Daily
PXI · Invesco Exchange-Traded Fund Trust	1.12%	66,285 SH	Oct. 1, 2026	Daily
SYLD · Cambria ETF Trust	1.04%	990,298 NS	July 31, 2026	N-PORT
MYLD · Cambria ETF Trust	1.03%	33,238 NS	July 31, 2026	N-PORT
VAMO · Cambria ETF Trust	0.90%	93,750 NS	July 31, 2026	N-PORT
CCNR · Financial Investors Trust	0.62%	254,232 NS	July 31, 2026	N-PORT
FYT · First Trust Exchange-Traded AlphaDE…	0.56%	104,141 NS	July 31, 2026	N-PORT
VIOV · VANGUARD ADMIRAL FUNDS	0.34%	733,026 SH	Aug. 19, 2026	Daily
FYX · First Trust Exchange-Traded AlphaDE…	0.29%	380,102 NS	July 31, 2026	N-PORT
DFSV · Dimensional ETF Trust	0.28%	2,210,914 NS	July 31, 2026	N-PORT
RWJ · Invesco Exchange-Traded Fund Trust …	0.26%	457,696 SH	Oct. 1, 2026	Daily
QVMS · Invesco Exchange-Traded Fund Trust …	0.24%	50,996 SH	Oct. 1, 2026	Daily
VTWV · VANGUARD SCOTTSDALE FUNDS	0.21%	307,699 SH	Aug. 19, 2026	Daily
DFAT · Dimensional ETF Trust	0.20%	2,775,380 NS	July 31, 2026	N-PORT
FENY · FIDELITY COVINGTON TRUST	0.19%	367,251 NS	July 31, 2026	N-PORT
VFQY · VANGUARD WELLINGTON FUND	0.19%	97,360 SH	Aug. 19, 2026	Daily
VDE · VANGUARD WORLD FUND	0.19%	2,221,512 SH	Aug. 19, 2026	Daily
JPSE · J.P. Morgan Exchange-Traded Fund Tr…	0.19%	106,881 NS	July 31, 2026	N-PORT
VIOO · VANGUARD ADMIRAL FUNDS	0.17%	1,208,060 SH	Aug. 19, 2026	Daily
BKSE · BNY Mellon ETF Trust	0.15%	12,909 NS	July 31, 2026	N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr…	0.15%	101,301 NS	July 31, 2026	N-PORT
VFMF · VANGUARD WELLINGTON FUND	0.15%	112,545 SH	Aug. 19, 2026	Daily
IWM · iShares Trust	0.15%	9,012,080 SH	Sept. 11, 2026	Daily
RSSL · Global X Funds	0.12%	168,492 NS	July 31, 2026	N-PORT
FAB · First Trust Exchange-Traded AlphaDE…	0.11%	18,011 NS	July 31, 2026	N-PORT
VFMO · VANGUARD WELLINGTON FUND	0.11%	234,461 SH	Aug. 19, 2026	Daily
IGE · iShares Trust	0.11%	67,230 SH	Sept. 11, 2026	Daily
ESML · iShares Trust	0.10%	227,066 SH	Sept. 11, 2026	Daily
VTWO · VANGUARD SCOTTSDALE FUNDS	0.10%	2,025,644 SH	Aug. 19, 2026	Daily
SMDX · Tidal Trust III	0.10%	12,007 NS	July 31, 2026	N-PORT
DFAS · Dimensional ETF Trust	0.09%	1,243,073 NS	July 31, 2026	N-PORT
OMFS · Invesco Exchange-Traded Self-Indexe…	0.08%	20,260 SH	Oct. 1, 2026	Daily
ISCG · iShares Trust	0.07%	54,521 SH	Sept. 11, 2026	Daily
TEXN · iShares Trust	0.07%	1,059 SH	Sept. 11, 2026	Daily
VBR · VANGUARD INDEX FUNDS	0.07%	5,527,868 SH	Aug. 19, 2026	Daily
PFIG · Invesco Exchange-Traded Fund Trust …	0.06%	80,000	Oct. 1, 2026	Daily
WSML · iShares Trust	0.04%	22,214 SH	Sept. 11, 2026	Daily
DXUV · Dimensional ETF Trust	0.04%	21,772 NS	July 31, 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0.04%	3,963,085 SH	Aug. 19, 2026	Daily
VB · VANGUARD INDEX FUNDS	0.04%	8,710,098 SH	Aug. 19, 2026	Daily
TILT · FlexShares Trust	0.04%	73,786 NS	July 31, 2026	N-PORT
PRF · Invesco Exchange-Traded Fund Trust	0.03%	238,949 SH	Oct. 1, 2026	Daily
DIVB · iShares Trust	0.02%	36,076 SH	Sept. 11, 2026	Daily
DFAC · Dimensional ETF Trust	0.02%	957,330 NS	July 31, 2026	N-PORT
DFSU · Dimensional ETF Trust	0.02%	43,658 NS	July 31, 2026	N-PORT
DCOR · Dimensional ETF Trust	0.02%	47,652 NS	July 31, 2026	N-PORT
VYM · VANGUARD WHITEHALL FUNDS	0.01%	1,369,934 SH	Aug. 19, 2026	Daily
DFAU · Dimensional ETF Trust	0.01%	94,899 NS	July 31, 2026	N-PORT
IWV · iShares Trust	0.01%	108,780 SH	Sept. 10, 2026	Daily
ITOT · iShares Trust	0.01%	482,503 SH	Sept. 11, 2026	Daily
DFUS · Dimensional ETF Trust	0.01%	107,875 NS	July 31, 2026	N-PORT
DFUV · Dimensional ETF Trust	0.00%	35,434 NS	July 31, 2026	N-PORT
VTI · VANGUARD INDEX FUNDS	0.00%	12,056,506 SH	Aug. 19, 2026	Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.00%	274,514 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.00%	29,382 SH	Aug. 19, 2026	Daily
BIV · VANGUARD BOND INDEX FUNDS	·	·	July 15, 2026	Daily
BSV · VANGUARD BOND INDEX FUNDS	·	·	July 15, 2026	Daily
BND · VANGUARD BOND INDEX FUNDS	·	·	July 15, 2026	Daily
VCSH · VANGUARD SCOTTSDALE FUNDS	·	·	July 15, 2026	Daily
VCIT · VANGUARD SCOTTSDALE FUNDS	·	·	July 15, 2026	Daily
VTC · VANGUARD SCOTTSDALE FUNDS	·	·	July 30, 2026	Daily
BNDW · VANGUARD SCOTTSDALE FUNDS	·	·	July 30, 2026	Daily
IJR · iShares Trust	·	21,093,077 SH	Sept. 10, 2026	Daily
IJS · iShares Trust	·	3,083,293 SH	Sept. 8, 2026	Daily
IWN · iShares Trust	·	3,302,114 SH	Sept. 11, 2026	Daily
XJR · iShares Trust	·	47,809 SH	Aug. 31, 2026	Daily
SVAL · iShares Trust	·	49,694 SH	Sept. 3, 2026	Daily
ISCB · iShares Trust	·	16,808 SH	Sept. 11, 2026	Daily
ISCV · iShares Trust	·	45,643 SH	Sept. 11, 2026	Daily
SMLF · iShares Trust	·	564,309 SH	Sept. 11, 2026	Daily

PTEN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 22 analysts BUY

Median target $13.50 +20.4%

4 18.2% Strong Buy

10 45.5% Buy

7 31.8% Hold

1 4.5% Sell

0 0.0% Strong Sell

12-Month Price Target

14 analysts · 2026-10-03

Mean target $14.00 +24.9%

← Below all targets Current price $11.21

Low$12.00 Mean$14.00 High$19.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
PTEN	$2.32B	-25.5	-10.2%	-1.9%	-2.8%	·
NE	$4.49B	20.9	7.4%	6.6%	4.7%	·
NE	$4.49B	20.9	7.4%	6.6%	4.7%	·
HP	$2.20B	-13.3	35.9%	-4.4%	-5.6%	·

Latest News Recent headlines mentioning this company

23

BofA Raises its Price Target on Patterson-UTI Energy (PTEN) Yahoo Finance · 4 months ago A PTEN Director Sold $123K in Shares - what he kept adds context Nasdaq · 4 months, 3 weeks ago Patterson-UTI Energy (PTEN) Price Target Raised Following Better-than-Expected Q1 Yahoo Finance · 4 months, 3 weeks ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

PTEN Patterson-UTI Energy, Inc. - Common Stock