RPC, Inc.

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 the conference call is being recorded. I will now turn the call over to Mr. Schmidt.

Thank you and good morning. Before we begin, I want to remind you that some of the statements that will be made on this call could be forward-looking in nature and reflect a number of known and and unknown risks. Please refer to our press release issued today along with our 2024 10-K and other public filings that outline those risks, all of which can be found on RPC's website at www.rpc.net. In today's earnings release and conference call, we'll be referring to several non-GAAP measures of operating performance and liquidity. We believe these non-GAAP measures allow us to compare performance consistently over various periods. Our press release and our website contain reconciliations of these non-GAAP measures to the most directly comparable GAAP measures. I'll now turn the call over to our President and CEO, Ben Palmer.

Thanks, Mike, and thank you for joining our call this morning. Today, we'll talk about our third quarter results. In addition, we will share our views about the impacts we are seeing from increasing macro and geopolitical uncertainties, which were prevalent during and after the quarter. Third quarter results reflect a sequential revenue improvement due to increases across the majority of our companies. We saw the largest increases in pressure pumping, coil tubing, and downhole tools. Service lines other than pressure pumping represented 72% of total revenues in the third quarter and generated a 3% sequential increase. In addition to revenue growth in downhole tools and coiled tubing, we also saw growth in rental tools and wire lines. Through tubing solutions, downhole tools revenues increased 5% sequentially. We saw a particular strength in our Rocky Mountain and Southeast regions, which is a testament to the company's broad geographic exposure. ThruTubing Solutions is a market leader in downhole technologies. The company continues to gain traction with its new A10 downhole motor. The motor is proving highly effective, particularly in longer laterals, which is translated as alternative or enableable. The two solutions actively market and develop its unplugged technology. Recall, this is an innovative product that reduces and can sometimes eliminate the need for bridge plugs and delivers faster drill-out times while achieving highly effective state isolation. We're excited about these new products with the potential to further enhance our industry's leadership. We've got a pressure control tool that businesses will be able to continue to use to support these increased activities in the addition of a new water standard unit that will start working during the fall. Units and positions of customers look on the level of complex demand and generational interest. It's like that practical effect we received in early 2026 of big 4-7 units specifically designed for cast storage work. You know, this was after discussions with the law firm about its storage well maintenance schedule over the next several years. This work is regulatory driven and is part of our effort to continue diversifying our business. Recently, Cut Pressure Control collaborated with a leading industrial contractor to drill a geo-exchange well at Mecklenburg University. This is one example of how we can utilize the tools and technologies in society of transportation. Our line includes our most smaller letters of business and includes revenues 1% from the board. of revenue from Pentel completions, which is the largest wireline provider in the Permian Basin. While the Permian completion market remains challenged, we saw increased gun usage in the quarter. The third quarter benefited from some customer completion accelerations and shifts to Simulvac operations. Pet Energy's pressure pumping business saw an improvement in overall activity during the third quarter, bolstered by a reduction in third-party non-productive time and reduced white space. Despite the revenue improvements, we would like to lay down a fleet in October and reduce staffing accordingly. We will continue to evaluate fleets from a return-based framework. Our deployed fleets are largely supporting customers that we expect will continue completions activity over the next several months. With recent oil price volatility, we expect continued challenging conditions in the oilfield services market over the near term. Cut Energy Services has received and is deploying a new 100% gas frack pump for testing and alternative technology evaluation. We have an additional unit with a slightly different design on the way as well. Our focus has always been on shareholder returns and managing through cycles. We continue to strategically grow our less capital-intensive service lines both organically and through acquisitions. We believe our balance sheet offers us optionality in challenging market conditions. With that, Mike will now discuss the quarter's financial results.