Keith MacKey

Saurabh Pant

Connor Jensen

Scott Gruber

Stephen Gengaro

Arun Jayaram

Ati Modak

Daniel Kutz

Edward Kim

Jeffrey LeBlanc

Kurt Hallead

Waqar Syed

Atidrip Modak

Derek Podhaizer

Donald Crist

Doug Becker

Douglas Becker

Eddie Kim

Grant Hynes

James Rollyson

Jeff LeBlanc

John Daniel

Sean Mitchell

- Patterson-UTI targets returning at least **50%** of adjusted free cash flow to shareholders annually, including through dividends (currently **$0.08 per share per quarter**) and share repurchases.  **[889900_0000889900-25-000063_september2025_ptenxinves.htm:2]** **[889900_0000889900-25-000063_september2025_ptenxinves.htm:4]** **[889900_0000889900-25-000063_september2025_ptenxinves.htm:7]**  So far in the third quarter of **2025**, the company used **$22 million** to repurchase **4 million** shares.  **[889900_0000889900-25-000063_september2025_ptenxinves.htm:1]** 
- For the third quarter of **2025**, the company expects to have averaged **96** rigs in the United States through the first two months, with **93** currently operating and relatively steady activity into the fourth quarter.  **[889900_0000889900-25-000063_september2025_ptenxinves.htm:1]**  Completion Services are expected to have steady activity and adjusted gross profit in Q3 2025 compared to Q2 2025.  **[889900_0000889900-25-000063_september2025_ptenxinves.htm:1]** 
- As of **June 30, 2025**, Patterson-UTI had **$684 million** in total liquidity, a cash balance of **$186 million**, and net debt of **$1.108 billion**.  **[889900_0000889900-25-000063_september2025_ptenxinves.htm:7]** **[889900_0000889900-25-000063_september2025_ptenxinves.htm:10]**  The company maintains an Investment Grade credit rating from all three major rating agencies and has no Senior Note maturities until **2028**.  **[889900_0000889900-25-000063_september2025_ptenxinves.htm:2]** **[889900_0000889900-25-000063_september2025_ptenxinves.htm:7]**

Patterson-UTI Energy Inc. Investor Presentation Highlights Q2 2025

PATTERSON UTI ENERGY (PTEN)