Calfrac Well Services Ltd.

for the operator. This call is being recorded on Thursday, March 13th, 2025. I would now like to turn the conference over to Michael Olenek. Please go ahead.

Thank you, Joanna.

Good morning and welcome to our discussion of CALFRAC Well Services' fourth quarter 2024 results. Joining me on the call today is Pat Powell, CALFRAC's Chief Executive Officer. This morning's conference call will be conducted as follows. Pat will provide some opening commentary, after which I will summarize the financial performance and position of the company. Pat will then provide an outlook for CALFRAC's business and some closing remarks. After the completion of these remarks, we will open up the conference call to questions. In a news release issued earlier today, CALFRAC reported its fourth quarter 2024 results. Please note that all financial figures are in Canadian dollars unless otherwise indicated. Some of our comments today will refer to non-IFRS financial measures, such as adjusted EBITDA and net debt. Please see our news release for additional disclosure on these financial measures. Our comments today will also include forward-looking statements regarding CALPRAC's future results and prospects. We caution you that these forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause our results to differ materially from our expectations. Please see this morning's news release and CALFRAC's CDAR filings, including our 2024 Annual Information Form, for more information on forward-looking statements and these risk factors. As we have previously disclosed, the company is committed to a plan to sell its Russian division. As a result, the focus of the remainder of this call will be on CalPRAC's continuing operations in North America and Argentina, unless otherwise specified.