Patterson-uti Energy, Inc. · NASDAQ:PTEN
Patterson-uti Energy — Investor Presentation (September 2025)
29 slides from Patterson-uti Energy's investor presentation, Sep 2, 2025
Slide 1: Investor Presentation September 2025
Investor Presentation September 2025
Slide 2: Forward Looking Statements & Disclosures
2Investor Presentation Patterson-UTI This material and any oral statements made in connection with this material include "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Statements made which provide the Company’s or management’s
Slide 3: Business Activity Update
3Investor Presentation Patterson-UTI Z Z For purposes of the shareholder return target, the Company defines adjusted free cash flow as net cash provided by operating activities less capital expenditures plus proceeds from asset sales. The shareholder return target, including the amount and timing of
Slide 4: Overall Market
4Investor Presentation Patterson-UTI Z For purposes of the shareholder return target, the Company defines adjusted free cash flow as net cash provided by operating activities less capital expenditures plus proceeds from asset sales. The shareholder return target, including the amount and timing of a
Slide 5: Executive Summary
5Investor Presentation Patterson-UTI Z Z Z Executive Summary For purposes of the shareholder return target, the Company defines adjusted free cash flow as net cash provided by operating activities less capital expenditures plus proceeds from asset sales. The shareholder return target, including the
Slide 6: Who We Are
Who We Are
Slide 7: Patterson-UTI | Company Overview: An Integrated OFS Company
7Investor Presentation Patterson-UTI Z Z Z Hydraulic Fracturing Wireline Operations Natural Gas Fueling Oilfield Logistics Cementing 2.9 Million Hydraulic Horsepower1 Other business includes Patterson Petroleum. 1Reflects deployed and idle equipment capacity during the second quarter of 2025. 2Drill
Slide 8: Market Leading Presence Among the Largest E&Ps
8Investor Presentation Patterson-UTI Market Leading Presence Among the Largest E&Ps Almost 60% of Patterson-UTI's revenue is generated from the 15 most active E&Ps 1Rig count is based on U.S. onshore activity as of 8/20/2025. Source: Enverus 2Based on LTM 6/30/2025 total company revenue 15 Most Acti
Slide 9: Business Overview
_A_ PATTERSON-UTI ’ Business Overview
Slide 10: Diversified Across Drilling and Completions Markets
10Investor Presentation Patterson-UTI Diversified Across Drilling and Completions Markets 1Other business includes Patterson Petroleum and legacy Great Plains Oilfield Rental which was divested in April 2025. Cash flow driven by drilling services and products and completions services Drilling Servic
Slide 11: Drilling Services | Reliable Cash Generation
11Investor Presentation Patterson-UTI Drilling Services | Reliable Cash Generation Adjusted EBITDA1 minus Capital Expenditures per Active U.S. Rig Patterson-UTI Drilling Services Segment, ($, millions) Cash generation at our Drilling Services segment serves as a foundation for PTEN's Free Cash Flow
Slide 12: Completion Services | Fuel Cost Advantage Drives Asset Differentiation
12Investor Presentation Patterson-UTI Completion Services | Fuel Cost Advantage Drives Asset Differentiation Effective Total System Cost of Fueling Representative U.S. Land fleet scenario1 1Patterson-UTI Estimates. Annual cost of fueling assumes $2.75 per gallon of diesel fuel and $3.25 per mmbtu of
Slide 13: Drilling Products | Outpacing Industry Activity
13Investor Presentation Patterson-UTI Drilling Products | Outpacing Industry Activity Rapid deployment of incremental design improvements create a demonstrable & sustainable advantage 1On August 14, 2023, we formed our drilling products segment through the acquisition of Ulterra Drilling Technologie
Slide 14: Enterprise | Delivering Strong and Consistent FCF Generation
14Investor Presentation Patterson-UTI 38% 44% 38% $- 2019-2023 2024 LTM 2Q25 Patterson-UTI Enterprise | Delivering Strong and Consistent FCF Generation Patterson-UTI has benefited in the era of improving U.S. shale capital efficiency ▪ A key contributor to improved U.S. shale drilling and completion
Slide 15: Operational Excellence
Operational Excellence
Slide 16: Harnessing Data to Enable Higher Impact Drilling & Completion Operations
16Investor Presentation Patterson-UTI Harnessing Data to Enable Higher Impact Drilling & Completion Operations Patterson-UTI creates sustainable value with our end-to-end digital integration and data-driven optimization strategy Simplify workflows to increase scalability of the workforce Access to h
Slide 17: Integration Advantage: Drilling Services and Products
17Investor Presentation Patterson-UTI Patterson-UTI's integrated drilling platform can improve drilling days on pad, creating value for our customers and an opportunity for a performance-based returns premium for our investors. Integration Advantage: Drilling Services and Products Digitally enabled
Slide 18: Integration Advantage: Completions Services
18Investor Presentation Patterson-UTI Integration Advantage: Completions Services Patterson-UTI integrates industry- leading equipment and technology at scale to deliver unique completions value to the wellsite and improve performance per fleet for our investors. Digitally enabled by: Proppant Stora
Slide 19: Capital Allocation Framework
Capital Allocation Framework
Slide 20: Organic Investing Strategy Targets Strong FCF Conversion
20Investor Presentation Patterson-UTI Organic Investing Strategy Targets Strong FCF Conversion Invest to protect and extend our operational advantage Strategic Allocation Target strategic high-return investments that drive returns accretion for PTEN shareholders Winning Foundation Allocation Strateg
Slide 21: Investment Grade Capital Structure
21Investor Presentation Patterson-UTI Z TOTAL LIQUIDITY $684 M Includes cash and revolver as of 6/30/2025 LOW LEVERAGE 1 X Net Debt as of 6/30/2025 to LTM adjusted EBITDA CASH BALANCE $186 M Cash Position as of 6/30/2025 INTEREST COVERAGE 15 X LTM adjusted EBITDA to Net Interest Expense NEAREST SENI
Slide 22: Deliver a Repeatable Shareholder Return Program
22Investor Presentation Patterson-UTI Deliver a Repeatable Shareholder Return Program For purposes of the shareholder return target, the Company defines adjusted free cash flow as net cash provided by operating activities less capital expenditures plus proceeds from asset sales. The shareholder retu
Slide 23: Peer Leading Combination of Shareholder Returns with Net Debt Reduction
23Investor Presentation Patterson-UTI Shareholder Returns as a % of Current Market Cap Last 12 Months through 6/30/2025. Includes Dividends and Share Repurchases Shareholder Returns as a % of Current Market Cap Includes Dividends and Share Repurchases 1Peer group includes OFS comps ACDC, BKR, HAL, L
Slide 24: Sustainability as a Strategy
24Investor Presentation Patterson-UTI Sustainability as a Strategy Our Vision: To safely and responsibly help provide the world with oil and gas for the products that make people’s lives better in a sustainable and profitable manner Find out more in our Sustainability Report at: https://esg.patenerg
Slide 25: Slide 25
Slide 26: Reconciliation of Non-GAAP Financial Measures: Adjusted Gross Profit
26Investor Presentation Patterson-UTI Reconciliation of Non-GAAP Financial Measures Adjusted Gross Profit (dollars in thousands) Drilling Services Completion Services Drilling Products Other For the Last Twelve Months June 30, 2025 Revenues $ 1,646,613 $ 2,967,827 $ 349,677 $ 55,097 Less direct oper
Slide 27: Reconciliation of Non-GAAP Financial Measures: Adjusted EBITDA less Capital Expenditures
27Investor Presentation Patterson-UTI Reconciliation of Non-GAAP Financial Measures Adjusted EBITDA less Capital Expenditures, Drilling Services (1) Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) is not defined by accounting principles generally accepted
Slide 28: Reconciliation of Non-GAAP Financial Measures: Adjusted Free Cash Flow
28Investor Presentation Patterson-UTI Reconciliation of Non-GAAP Financial Measures Adjusted Free Cash Flow (1) We define adjusted free cash flow as net cash provided by operating activities less capital expenditures, plus proceeds from disposal of assets. We present adjusted free cash flow as a sup
Slide 29: Reconciliation of Non-GAAP Financial Measures
29Investor Presentation Patterson-UTI Reconciliation of Non-GAAP Financial Measures (1) Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) is not defined by accounting principles generally accepted in the United States of America (“GAAP”). We define Adjusted
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