Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

The following table sets forth specified executive compensation and financial performance measures for the Company’s five most recently completed fiscal years, and cumulative total shareholder return (TSR) information for the Company and a peer group for the 1-, 2-, 3-, 4- and 5-year periods commencing as of December 31, 2019, as required by Item 402(v) of Regulation S-K:

									Value of Initial Fixed $100 Investment Based On:
Year	Summary Compensation Table Total for PEO ($)		Compensation Actually Paid to PEO ($) (1)		Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($) (2)		Average Compensation Actually Paid to Non-PEO Named Executive Officers ($) (2) (3)		Total Shareholder Return	Peer Group Total Shareholder Return (4)	Net Income (Loss) ($ in thousands)		Operating Cash Flow ($ in millions) (5) (6)
2024	$	12,051,176	$	6,373,765	$	3,919,048	$	2,454,344	87	102	$	(966,399)	$	568.1
2023	$	8,284,008	$	(9,501,753)	$	2,901,772	$	(2,575,133)	110	115	$	245,952	$	530.9
2022	$	10,968,467	$	32,675,932	$	3,563,545	$	9,767,320	168	113	$	154,658	$	332.3
2021	$	8,017,005	$	14,736,737	$	2,696,782	$	4,588,122	83	70	$	(654,545)	$	49.0
2020	$	3,722,515	$	1,228,134	$	1,089,349	$	710,831	51	58	$	(803,692)	$	86.5

Company Selected Measure Name

Operating Cash Flow

Named Executive Officers, Footnote

(2)The non-PEO Named Executive Officers for each of the covered fiscal years are Messrs. Smith, Berns, Holcomb and Wexler.

Peer Group Issuers, Footnote

(4)The peer group used for the calculation of Peer Group Total Shareholder Return is the Oilfield Service Index(OSX).

PEO Total Compensation Amount

$ 12,051,176

$ 8,284,008

$ 10,968,467

$ 8,017,005

$ 3,722,515

PEO Actually Paid Compensation Amount

$ 6,373,765

(9,501,753)

32,675,932

14,736,737

1,228,134

Adjustment To PEO Compensation, Footnote

The dollar amounts reported in this column represent the amount of “compensation actually paid” to our Principal Executive Officer (“PEO”), as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the total compensation actually realized or received. In accordance with these rules, these amounts reflect Total compensation as set forth in the Summary Compensation Table for each year, with adjustments made to 2024 Total compensation as shown below. Adjustments for prior fiscal years are reflected in the Pay Versus Performance Section of our 2023 and 2024 proxy statements. The fair value of performance unit and phantom unit awards was determined based on a Monte-Carlo simulation model that takes into account expected price movement of Patterson-UTI stock as compared to peer companies and relevant market indices, as of the relevant measurement dates. Assumptions used in the Monte-Carlo simulation model include assumptions regarding volatility, the risk-free interest rate, dividend yield, and stock beta. Due to differences in measurement dates, the assumptions used in these valuations could differ materially from the assumptions used to determine the fair value as of the grant date of such awards.

Compensation Actually Paid to PEO	2024
Summary Compensation Table Total	$	12,051,176
Less, value of Stock Awards reported in Summary Compensation Table	$	9,004,376
Plus, year-end fair value of outstanding and unvested equity awards granted in the year	$	5,867,696
Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years	$	(3,350,624)
Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year	$	809,893
Total	$	6,373,765

Non-PEO NEO Average Total Compensation Amount

$ 3,919,048

2,901,772

3,563,545

2,696,782

1,089,349

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,454,344

(2,575,133)

9,767,320

4,588,122

710,831

Adjustment to Non-PEO NEO Compensation Footnote

The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the other Named Executive Officers, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the total compensation actually realized or received by the Named Executive Officers. In accordance with these rules, these amounts reflect average Total compensation as set forth in the Summary Compensation Table for each year, with adjustments made to average 2024 Total compensation as shown

below. Adjustments for prior fiscal years are reflected in the Pay Versus Performance Section of our 2023 and 2024 proxy statements. The fair value of performance unit awards was determined based on a Monte-Carlo simulation model that takes into account expected price movement of Patterson-UTI stock as compared to peer companies and relevant market indices, as of the relevant measurement dates. Assumptions used in the Monte-Carlo simulation model include assumptions regarding volatility, the risk-free interest rate, dividend yield, and stock beta. Due to differences in measurement dates, the assumptions used in these valuations could differ materially from the assumptions used to determine the fair value as of the grant date of such awards.

Average Compensation Actually Paid to Other Named Executive Officers	2024
Average Summary Compensation Table Total	$	3,919,048
Less, average value of Stock Awards reported in Summary Compensation Table	$	2,026,198
Plus, average year-end fair value of outstanding and unvested equity awards granted in the year	$	1,320,305
Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years	$	(1,002,558)
Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year	$	243,747
Total	$	2,454,344

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

Other Financial and Non-Financial Measures Used

The Company considers the following financial and non-financial measures to be the most important measures used to link executive compensation actually paid to company performance for the most recently completed fiscal year:

Most Important Measures Used to Link Executive Compensation Actually Paid to Company Performance

Absolute Total Stockholder Return

Relative Total Stockholder Return

Operating Cash Flow

Adjusted EBITDA

Health, Safety and Environmental Performance

Please see “Compensation Discussion and Analysis” elsewhere in this proxy statement for additional information regarding these measures.

Total Shareholder Return Amount

$ 87

110

168

83

51

Peer Group Total Shareholder Return Amount

102

115

113

70

58

Net Income (Loss)

$ (966,399,000)

$ 245,952,000

$ 154,658,000

$ (654,545,000)

$ (803,692,000)

Company Selected Measure Amount

568,100,000

530,900,000

332,300,000

49,000,000.0

86,500,000

Additional 402(v) Disclosure

(5)The Company-Selected Measure is Operating Cash Flow, which is not defined by U.S. GAAP. Operating cash flow is defined herein as Adjusted EBITDA less cash capital expenditures (as adjusted for any Board-approved increase in capital expenditures after incentive plan performance targets were set). Adjusted EBITDA is defined herein as net income (loss) plus net interest expense, income tax expense (benefit) and depreciation, depletion, amortization and impairment expense (including impairment of goodwill), excluding any M&A related or restructuring charges. For 2024, these measures were further adjusted to (i) exclude the impact on Adjusted EBITDA of severance costs related to the departure of a legacy NexTier executive, (ii) exclude the impact on Operating Cash Flow and Adjusted EBITDA of certain legal fees from an Ulterra legal proceeding and (iii) include in Operating Cash Flow the proceeds from the sale of assets. Adjustments to these measures for prior fiscal years are described in the 2023 and 2024 proxy statement.

While SEC guidance under Item 402(v) of Regulation S-K does not permit the use of multi-year relative Total Shareholder Return as a permissible Company-Selected Measure for the table above, the Company views 3-year relative Total Shareholder Return as the most important measure used to link executive “compensation actually paid” to Company performance.

Measure:: 1

Pay vs Performance Disclosure

Name

Absolute Total Stockholder Return

Measure:: 2

Pay vs Performance Disclosure

Name

Relative Total Stockholder Return

Measure:: 3

Pay vs Performance Disclosure

Name

Operating Cash Flow

Measure:: 4

Pay vs Performance Disclosure

Name

Adjusted EBITDA

Measure:: 5

Pay vs Performance Disclosure

Name

Health, Safety and Environmental Performance

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (9,004,376)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,867,696

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(3,350,624)

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

809,893

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(2,026,198)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,320,305

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,002,558)

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 243,747