PTEN — what changed in the latest 10-Q
A section-by-section comparison of PTEN's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-02 vs the prior 10-Q · 2026-08-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +34 | −34 | ~48 | 46 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 4 |
| Other information | Text added/removed | +1 | −2 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-02
(1)We signed multi-year agreements to lease three rigs to DLS Archer Ltd. S.A. to support Archer’s operations in Argentina’s Vaca Muerta formation. These arrangements were accounted for as sales-type leases because ownership of the rigs is expected to transfer to Archer by the end of the lease term,…
We operate a low-emissions fleet portfolio, with approximately 90% of our active hydraulic horsepower powered by natural gas through electric, direct-drive and dual-fuel pumping technologies, supported by our integrated Power Solutions business. The composition of our fleet helps our customers reduc…
execution consistency. Together, these technologies support lower operating costs, improved service quality and future integration of automation and AI-enabled reservoir solutions.
During 2026, global energy markets were impacted by geopolitical developments, including conflict in the Middle East, disruptions to regional energy supply and transportation infrastructure, OPEC+ production decisions and changing global supply and demand fundamentals. These factors contributed to i…
Oil prices averaged $87.12 per barrel in the third quarter of 2026, as compared to $95.65 per barrel in the second quarter of 2026, and closed at $105.25 per barrel on October 26, 2026. Natural gas prices (based on the Henry Hub Spot Market Price) averaged $2.87 per MMBtu in the third quarter of 202…
Text removed vs the prior filing · source: 10-Q · 2026-08-04
(1)In January 2026, we signed a multi-year agreement to lease two rigs to DLS Archer Ltd. S.A. to support Archer’s operations in Argentina’s Vaca Muerta formation.
In an effort to address customer demand for lower-emission and more cost-efficient operations, we continue to expand our portfolio of natural gas-powered solutions, including electric, direct drive and dual fuel pumps, to replace legacy diesel completion services equipment.
During 2025, global economic conditions weakened in part due to uncertainty related to trade policies and tariffs implemented or proposed by the United States and other governments. At the same time, oil markets were affected by evolving supply dynamics, including changes in production policies by O…
During the first half of 2026, energy markets experienced increased volatility driven by geopolitical developments in the Middle East, including the conflict with Iran and ongoing disruptions to global oil supply and key transportation routes. These events contributed to fluctuations in commodity pr…
Oil prices averaged $95.65 per barrel in the second quarter of 2026, as compared to $72.74 per barrel in the first quarter of 2026, and closed at $84.25 per barrel on July 27, 2026. Natural gas prices (based on the Henry Hub Spot Market Price) averaged $2.95 per MMBtu in the second quarter of 2026 a…
Other information
Text added vs the prior filing · source: 10-Q · 2026-11-02
(c)During the three months ended September 30, 2026, no officer or director of the Company adopted or terminated trading arrangements for the purchase or sale of shares of our common stock.
Text removed vs the prior filing · source: 10-Q · 2026-08-04
(c)During the three months ended June 30, 2026, certain of our officers and directors listed below adopted or terminated trading arrangements for the sale of shares of our common stock in amounts and prices determined in accordance with a formula set forth in each such plan:
Name and TitleActionDateRule 10b5-1Non-Rule 10b5-1Number of Shares to be soldExpiration
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice