Cactus, Inc.

Good day and thank you for standing by. Welcome to the CACTUS Q4 2025 earnings call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message inviting your hand is raised. To answer all your questions, please press star 1 again. Please remind that today's conference is being recorded. On identity conference, over to your first speaker today, Alan Boyd, Treasurer and Director of Corporate Development and Investment Relations. Please go ahead.

Thank you, and good morning. We appreciate you joining us on today's call. Our speakers will be Scott Bender, our Chairman and Chief Executive Officer, and Jay Nutt, our Chief Financial Officer. Also joining us today are Joel Bender, President, Stephen Bender, Chief Operating Officer, Steve Tadlock, CEO of Cactus International, and Will Marsh, our general counsel. Please note that any comments we make on today's call regarding projections or expectations for future events are forward-looking statements covered by the Private Securities Litigation Reform Act. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. These risks and uncertainties can cause actual results to differ materially from our current expectations. We advise listeners to review our earnings release and the risk factors discussed in our filings with the SEC. Any forward-looking statements we make today are only as of today's date, and we undertake no obligation to publicly update or review any forward-looking statements. In addition, during today's call, we will reference certain non-GAAP financial measures. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in our earnings release. With that, I'll turn the call over to Scott.

Thanks, Alan. Good morning to everyone. We finished 2025 with strong performance in both segments. Pressure control revenues and margins exceeded expectations on a strong mix of product sales and a more resilient rig count than anticipated, while spoolable technologies declined seasonally as expected but maintained strong profitability. Thanks to all of our associates for remaining customer focused and for delivering excellent performance to close a year that was challenging from a macro perspective and transformational for the company. Some fourth quarter total company highlights include revenue of $261 million, adjusted EBITDA of $85 million, adjusted EBITDA margins of 32.7%. We paid a quarterly dividend of $0.14 per share, increased our total cash balance to $495 million, and on January 1, we closed on the acquisition of the majority interest of BakerU's surface pressure control business, which we refer to as Cactus International. I'm now going to call over to Jay Nutt, our CFO, who will review our financial results. Following his remarks, I'll provide some thoughts on our outlook for the near term, pardon me, including the Cactus International business, before opening up the lines for Q&A. So, Jay.