PTEN
Market read
The latest filing evidence is available. 0 of 4 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Invalidation: The isolated read changes if PTEN's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 4 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No credible peer-relative valuation comparison is available yet.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Volatility of Oil and Natural Gas Prices and its Impact on Operations and Financial Condition Our revenues, profitability and cash flows are highly dependent upon capital expenditures of exploration and production companies (“E&Ps”), which are largely driven…”10-Q · Aug 4, 2026 ↗
“Volatility of Oil and Natural Gas Prices and its Impact on Operations and Financial Condition Our revenues, profitability and cash flows are highly dependent upon capital expenditures of exploration and production companies (“E&Ps”), which are largely driven…”10-Q · Aug 4, 2026 ↗
“Depreciation, amortization and impairment expense decreased year over year primarily due to the diminishing impact of the purchase‑accounting step‑up to fair value related to our drill bits.”10-Q · Aug 4, 2026 ↗
“Interest expense, net of amounts capitalized, increased due to a $0.9 million loss on extinguishment of debt and higher interest expense associated with senior notes issued in the second quarter of 2026.”10-Q · Aug 4, 2026 ↗
Valuation discipline
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 9 Sept, 11:50 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for PTEN. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-04 against the comparable filing from 2025-07-29.
Capital and cash conversion
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
No thresholded deterioration was identified.
“Six Months Ended June 30, June 30, Corporate 2026 2025 % Change (dollars in thousands) General and administrative $ 91,725 $ 83,753 9.5 % Depreciation $ 3,199 $ 4,171 (23.3) % Other operating expense (income), net $ 1,428 $ 5,227 (72.7) % Interest income $ 5,667 $ 2,736 107.1 % Interest expense, net of amount capitalized $ (37,883) $ (35,342) 7.2 % Other income (expense) $ (2,499) $ 324 NA Capital expenditures $ 285 $ 7,375 (96.1) % General and administrative increased primarily due to certain internal reorganization initiatives, higher share‑based compensation expense related to cash-settled liability awards and employee compensation costs, and software subscription fees incurred during th...”
“Depreciation, amortization and impairment expense decreased year over year primarily due to the diminishing impact of the purchase‑accounting step‑up to fair value related to our drill bits.”
“Depreciation, amortization and impairment expense decreased primarily due to less new equipment placed in service relative to asset retirements between the periods.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
“Recent Developments As previously disclosed in the Company’s Current Report on Form 8-K filed January 14, 2026, the Company entered into new non-exclusive distribution agreements with Patterson Dental Holdings, a leading supplier of products and services to t…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
PTEN is currently a Early Follower in the organic co-movement group Offshore Oil & Gas. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for PTEN; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.