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Patterson-UTI Energy (PTEN) posted a sharp swing to loss in Q2 25. Revenue fell 10% YoY to $1.22 bn, driven by softer activity in Drilling (-8%) and Completion Services (-11%). Operating results turned from a $45 m profit to a $29 m loss as lower volumes, cost pressure and a $27.8 m impairment on Latin-American drilling assets weighed on margins. Net loss attributable to shareholders was $49.1 m (-$0.13/sh) versus $11.1 m (+$0.03) a year ago.

For 1H 25, revenue declined 13% to $2.50 bn and the company recorded a $47.4 m net loss. Cash flow from operations dropped to $347.9 m (-38%), while capex remained high at $306 m, cutting cash on hand to $185.9 m (31 Dec 24: $241.3 m). Liquidity is supported by an undrawn $500 m unsecured revolver (available $498 m) and no near-term debt maturities after retiring $6.4 m of equipment loans.

Balance-sheet equity slipped 4% to $3.35 bn, largely from losses and $35.8 m of share repurchases (4.28 m shares). PTEN maintained its quarterly dividend at $0.08/sh (payout $30.7 m) and still has $728 m remaining on its $1 bn buyback authorisation.

Segment view: Drilling Services stayed profitable ($40.6 m) but Completion Services swung to a $29.2 m loss; Drilling Products earned $6.8 m. Contract drilling backlog stands at $312 m, with 9% extending beyond 12 months.

Outlook concerns: lower U.S. rig counts, OPEC+ supply increases and macro uncertainty pressured activity; management warns further weakness could trigger additional impairments.

The Vanguard Group filed a Schedule 13G disclosing a 5.57 % beneficial stake in First Community Corp (FCCO) as of 30 Jun 2025. The position totals 428,077 common shares (CUSIP 319835104), pushing Vanguard above the 5 % reporting threshold.

The filing, made under Rule 13d-1(b) as an investment adviser (IA), is classified as passive ownership. Vanguard reports no sole voting power, only 4,061 shares of shared voting power, implying the stake is largely held in index and other client accounts. Dispositive authority, however, is substantial: 421,532 shares sole and 6,545 shares shared. The certification confirms the shares were acquired in the ordinary course of business with no intent to influence control.

This disclosure adds a new, sizable institutional holder to FCCO鈥檚 share register, potentially improving liquidity and market visibility, but the negligible voting power limits immediate governance impact.

ExlService Holdings (EXLS) Director Kristy Pipes received a grant of 4,981 Restricted Stock Units (RSUs) on June 17, 2025. The RSUs represent the right to receive an equivalent number of common stock shares upon settlement.

The RSUs vest under the following conditions:

• First anniversary of grant date
• Expiration of director's Board term if not re-elected
• Upon a Change in Control event

Settlement occurs at the earliest of: death, Change in Control, or January 1st following Board service termination. Following this transaction, Pipes beneficially owns 35,491 derivative securities in direct ownership form. This grant was made under the company's 2025 Omnibus Incentive Plan and represents standard director compensation.

ExlService Holdings (EXLS) director Nitin Sahney received three grants of Restricted Stock Units (RSUs) on June 17, 2025, totaling 7,228 units structured as follows:

• 4,981 RSUs vesting on the earlier of first grant anniversary, board term expiration, or Change in Control
• 1,124 RSUs immediately vested upon grant
• 1,123 RSUs vesting on the earlier of December 31, 2025, or Change in Control

All RSUs convert to common stock and settle upon the earlier of: death, Change in Control, or 180 days after leaving the Board. Following these transactions, Sahney beneficially owns 88,803 RSUs directly. The grants were made under the company's 2025 Omnibus Incentive Plan and represent standard director compensation arrangements.

Form 4 filed for ExlService Holdings, Inc. (EXLS) discloses that director Thomas A. Bartlett received 4,981 Restricted Stock Units (RSUs) on 06/17/2025 under the company鈥檚 2025 Omnibus Incentive Plan. These RSUs convert to one common share each upon settlement and carry a $0 acquisition price. Vesting occurs on the earlier of (i) the first anniversary of grant, (ii) the end of the director鈥檚 current board term if not re-elected, or (iii) a defined Change in Control. Following the award, Bartlett holds 14,014 derivative securities linked to EXLS common stock, all held directly. No shares were sold or transferred, and no non-derivative transactions were reported.

The filing represents a routine equity compensation grant designed to align director incentives with shareholder interests; it does not involve cash outflows or signal changes to the company鈥檚 operating outlook.