Ensign Energy Services Inc.

Good afternoon, ladies and gentlemen, and welcome to the Ensign Energy Services Inc. third quarter 2024 results conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Friday, November 1st, 2024. I would like to turn the conference over to Nicole Romano, and Rester Relations. Please go ahead.

Thank you, Andrew. Good morning and welcome to Ensign Energy Services' third quarter conference call and webcast. On our call today, Bob Geddes, President and COO, and Mike Gray, Chief Financial Officer, will review Ensign's third quarter highlights and financial results, followed by our operational update and outlook. We'll then open the call for questions. Our discussion today may include forward-looking statements based upon current expectations that involve several business risks and uncertainties. The factors that could cause results to differ materially include but are not limited to political, economic, and market conditions, crude oil and natural gas prices, foreign currency fluctuations, weather conditions, the company's defense of lawsuits, the ability of oil and gas companies to pay accounts receivable balances, or other unforeseen conditions which could impact the demand for services supplied by the company. Additionally, our discussion today may refer to non-GAAP financial measures such as adjusted EBITDA. Please see our third quarter earnings release and CDAR Plus filings for more information on forward-looking statements and the company's use of non-GAAP financial measures. With that, I'll pass it on to Bob.

Thanks, Nicole, and good morning, everyone. So the third quarter, buoyed by strong and increasing demand for our high-specs Enzyme 80R Canadian rigs, especially our high-specs singles, doubles, and triples, drove another strong quarter-over-quarter gain with a solid bump from second-quarter results. The Canadian business unit led the charge and provided a substantial increase in activity year-over-year for the quarter. This was, however, tempered with a decrease in activity in our U.S. business unit, but with relatively steady margins. We saw a steady quarter over quarter and year over year in our highly active international business unit, where we have 17 of our 30 high-spec rigs active today operating in six different countries around the world. With steady margins and solid activity levels generally around the globe, we continue to execute on our plan. In the quarter, we addressed another $45 million of debt reduction, which takes us to $135 million year-to-date. and keeps us solidly on the path to reduce $600 million of debt over the next three years. This is built on a steady free cash flow stream into a solid forward book and increasing margin construct. Over to Mike for a summary of the third quarter, and then I'll come back to provide an operational update in each of the operating areas. Mike?