Patterson-UTI Energy, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the Paterson UTI Energy third quarter 2020 earnings conference call. At this time, all participants are in a listen only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you'll need to press star one on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star zero. I would now election the call over to my particular vice president in that relation. Please go ahead.

Thank you, Denise. Good morning. And on behalf of Patterson UTI Energy, I'd like to welcome you to today's conference call to discuss the results of the three and nine months ended September 30th, 2020. Participating in today's call will be Andy Hendricks, Chief Executive Officer, and Andy Smith, Chief Financial Officer. A quick reminder that statements made in this conference call that state the company's or management's plans, intentions, beliefs, expectations, or predictions for the future are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, and the Securities Exchange Act of 1934. These forward-looking statements are subject to risks and uncertainties as disclosed in the company's annual report on Form 10-K and other filings with the SEC. These risks and uncertainties could cause the company's actual results to differ materially from those suggested in such forward-looking statements or what the company expects. The company undertakes no obligation to publicly update or revise any forward-looking statement The company's SEC filings may be obtained by contacting the company or the SEC and are available through the company's website and through the SEC's EDGAR system. Statements made in this conference call include non-GAAP financial measures. The required reconciliations to GAAP financial measures are included on our website, www.patenergy.com, and in the company's press release issued prior to this conference call. And now it's my pleasure to turn the call over to Andy Hendricks for some opening remarks. Andy?

Thanks, Mike. Good morning and welcome to Patterson UTI's third quarter conference call. We're pleased you can join us today. Our financial results during the third quarter exceeded consensus estimates as our contract drilling business continues to prove its resilience in a downturn and our pressure pumping and directional drilling businesses showed improvement in the third quarter. Based on our customer engagement, we expect activity will continue to improve through at least the first quarter of 2021. Assuming commodity prices remain around current levels, we expect our profitability will be at or near an inflection point in the fourth quarter and move higher in early 2021. I will now turn the call over to Andy Smith, who will review the financial results for the quarter ended September 30th. I'll then comment on our operational highlights as well as our outlook before opening the call's Q&A. Andy?