RPC, Inc.

Good morning, and thank you for joining us for the RPC Inc. Third Quarter 2021 Financial Earnings Conference Call. Today's call will be hosted by Rick Hubbell, President and CEO, and Ben Palmer, Chief Financial Officer. Also present is Jim Landers, Vice President of Corporate Services. At this time, all participants are in listen-only mode. Following the presentation, we will conduct a question and answer session. Instructions will be provided at that time for you to queue up for questions. I would like to advise everyone that this conference call is being recorded. Jim will get us started by reading the forward-looking disclaimer.

Thank you and good morning. Before we begin our call today, I want to remind you that in order to talk about our company, we're going to mention a few things that are not historical facts. Some of the statements that we've made on this call could be forward-looking in nature and reflect a number of known and unknown risks. I'd like to refer you to our press release issued today, along with our 2020 10-K and other public findings that outline those risks, all of which can be found on RPC's website. In today's earnings release and conference call, we referred to several non-GAAP measures of operating performance. These non-GAAP measures are adjusted net loss, adjusted loss per share, EBITDA, and adjusted EBITDA. We're using these non-GAAP measures today because they allow us to compare performance consistently over various periods without regard to non-recurring items. In addition, RPC is required to use EBITDA to report compliance with financial covenants under our credit facility. Our press release and our website contain reconciliations of these non-GAAP financial measures to net loss, loss per share, and net income, which are the nearest GAAP financial measure. Please review these disclosures if you are interested in seeing how they are calculated. If you have not received our press release for any reason, please visit our website again at rpc.net for a copy. I will now turn the call over to our President and CEO, Rick Hubbell.

Thanks, Jim. This morning we issued our earnings press release for RPC's third quarter of 2021. During the third quarter of 2021, oilfield drilling and completion increased as exploration and production companies responded to higher commodity prices. RPC was ready to meet increased demand with equipment and crews. Our revenues increased and RPC generated quarterly net income for the first time in more than two years. As the quarter progressed, commodity prices continued to increase and near-term industry forecasts predicted supply-demand dynamics favorable to our industry. We begin the fourth quarter of 2021 with a new state-of-the-art pressure pumping fleet and net pricing tractions in most of our service lines. Offset to these favorable dynamics include supply chain constraints and increasing cost pressures, which we will continue to manage as we move forward in this industry upcycle. Our CFO, Ben Palmer, will discuss this and other financial results in more detail, after which I will provide some closing comments.