Ensign Energy Services Inc.

Afternoon, ladies and gentlemen, and welcome to the Ensign Energy Services Incorporated's first quarter 2025 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 Monday, May 12, 2025. I would now like to turn the conference over to Ms. Nicole Romano, Investor Relations. Please go ahead.

Thank you, Constantine. Good morning and welcome to Enzyme Energy Services' first quarter conference call and webcast. On our call today, Bob Geddes, President and COO, and Mike Gray, Chief Financial Officer, will review Enzyme's first quarter highlights and financial results, followed by our operational updated 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 first 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. So, happy to report to shareholders of the Enzyme team. started the 2025 year executing on key points. We further reduced debt by $23 million in the quarter and stayed focused on $200 million debt target reduction for 2025. We increased our year-over-year revenue. We held a tight rein on CapEx at $37 million, down 30% year-over-year. We grew our market share in Canada. We maintained market share in the U.S. We were fully utilized in our Middle East and Latin American business units, and we expanded our drilling technology solutions have penetration by another 25% year-over-year. And we ended the quarter with our best safety performance in the company's history. So over to Mike Gray for a financial summary of the first quarter, then I'll come back to provide an operational update in each of the areas and provide some color on how we see the markets moving forward. Mike.