Patterson-UTI Energy, Inc.

Filing receipts

“Three Months Ended March 31, December 31, March 31, % Change Corporate 2026 2025 2025 Sequential Year-over-year (dollars in thousands) General and administrative $ 46,411 $ 41,270 $ 42,253 12.5 % 9.8 % Depreciation $ 1,863 $ 2,013 $ 1,856 (7.5) % 0.4 % Other operating expense (income), net $ (3,176) $ 2,158 $ 3,382 (247.2) % (193.9) % Interest income $ 2,765 $ 2,433 $ 1,464 13.6 % 88.9 % Interest expense, net of amount capitalized $ (17,485) $ (17,678) $ (17,697) (1.1) % (1.2) % Other income (expense) $ 965 $ 354 $ 1,968 172.6 % (51.0) % Capital expenditures $ 153 $ 223 $ 4,382 (31.4) % (96.5) % Sequential quarter comparison General and administrative increased primarily due to higher share...”

“Depreciation, depletion, amortization and impairment expense decreased primarily due to a $1.7 million impairment charge recorded in our oil and natural gas properties business during the first quarter of 2025.”

“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.”