Ensign Energy Services Inc.

Good morning, ladies and gentlemen, and welcome to Ensign Energy Services, Inc. Second Quarter 2025 Results Conference Call. At this time, online listeners are in a 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 the star zero for the operator. This call is being recorded on Friday, August 8, 2025. I would now like to turn the conference over to Nicole Romano, Investor Relations. Please go ahead.

Thank you, Ludi. Good morning and welcome to Enzyme Energy Services' second quarter conference call and webcast. On our call today, Bob Geddes, President and COO, and Mike Gray, Chief Financial Officer, will review Enzyme's second 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 second 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. Good morning, everyone. The second quarter was a little bumpy as we witnessed a higher concentration of repairs and maintenance expense, specifically in our Canadian business unit, as rigs came off their busy winter programs with work scheduled for right after breakup. In addition, we had a few rigs come down unexpectedly in Latin America due to OFAC sanctions, which negatively impacted the end of the second quarter. Generally, though, we continued to deliver through the second quarter, executing on key points, those being we further reduced debt in the quarter, and we expect to deliver on the $600 million debt reduction we targeted by the end of 2025. We held a tight rein on maintenance capex through the quarter, aligning with the challenging macro environment. We grew our market share in Canada by 3%, whilst industry was down 9%. We maintained market share in the U.S. in a market where industry activity dropped off 4%. At the very end of the second quarter, we transferred out of Canada one of our largest rates, an ADR 3,000, down into Wyoming for a major long-term contract there. Our Middle East team successfully closed the deal for two additional ADRs in Oman with a major five-year deal where the operator sponsored the upgrade and reactivation costs. We continue to expand our drilling technology solutions app penetration by 25% year-over-year, and we ended the quarter with our best safety performance in the company's history. Over to Mike for a financial summary of the second quarter. Over to you, Mike.