Patterson-UTI Energy Inc 2024年度报告

Form 10-K (Mark One) xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year endedDecember 31, 2024or oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the transition period from _________ toCommission File Number 1-39270 Patterson-UTI Energy, Inc.(Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct. Yes x or No oIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o or No xIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x NooIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter)during the preceding 12 months (orfor such shorter period that the registrant was required to submit such files). Yes x or No oIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. oIndicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. xIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements. oIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recoveryperiod pursuant to §240.10D-1(b). oIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant asof June 30, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, wasapproximately $4.0 billion, calculated by reference to the closing price of $10.36 for the common stock on the NasdaqGlobal Select Market on that date.As of February 5, 2025, the registrant had outstanding 386,390,297 shares of common stock, $0.01 par value, its only class of common stock. DOCUMENTS INCORPORATED BY REFERENCEPortions of the registrant’s definitive proxy statement for the 2025 Annual Meeting of Stockholders are incorporated by reference into Part III of this report. Table of Contents TABLE OF CONTENTS Page No. PART I ITEM 1.Business3ITEM 1A.Risk Factors12ITEM 1B.Unresolved Staff Comments29ITEM 1C.Cybersecurity29ITEM 2.Properties30ITEM 3.Legal Proceedings31ITEM 4.Mine Safety Disclosures31 PART II ITEM 5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities32ITEM 6.RESERVED33ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations34ITEM 7A.Quantitative and Qualitative Disclosures About Market Risk50ITEM 8.Financial Statements and Supplementary Data50ITEM 9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure50ITEM 9A.Controls and Procedures50 ITEM 9B.Other Information51ITEM 9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections51 PART III ITEM 10.Directors, Executive Officers and Corporate Governance52ITEM 11.Executive Compensation52ITEM 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters52ITEM 13.Certain Relationships and Related Transactions, and Director Independence52ITEM 14.Principal Accounting Fees and Services52 PART IV ITEM 15.Exhibits and Financial Statement Schedule53ITEM 16.Form 10-K Summary57 SIGNATURESS-2 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS ThisAnnual Report on Form 10-K(this“Report”)an