Ensign Energy Services Inc.

Good afternoon, ladies and gentlemen, and welcome to the Ensign Energy Services, Inc. Third 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 Friday, November 7th of 2025. I would now like to turn the conference over to So, Mike Gray, Chief Financial Officer, please go ahead, sir.

Thank you. Good morning and welcome to Enzyme Energy Services' third quarter conference call and webcast. On our call today, Bob Geddes, President and COO, and myself, Mike Gray, Chief Financial Officer, will review Enzyme's third quarter highlights and financial results, followed by our operational update and outlook. We'll open the call for questions after that. Our discussions today may include forward-looking statements based upon current expectations that involves 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. We 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 the call to Bob.

Thanks, Mike. Good morning, everyone. Let's start with some introductory comments. The positive third quarter results were reflective of year-over-year market share growth of our Canadian business unit in the high-spec single and high-spec triple rig types, coupled with performance-driven market share growth in the US, as well as consistent rig activity in our international segment. We successfully generated cash to clip off another chunk of debt in the quarter and expect to attain our three-year target of $600 million of debt reduction. by the end of first half 26. Operationally, we ran plus or minus 25 drill rigs and 50 well service rigs around the world through the third quarter every day, was stronger than expected gross margins. Our drilling solutions team also successfully field beta tested the Edge Auto Driller Max with positive results, adding to our technology suite of drilling rig controls technology. The finance team led by Mike Gray successfully negotiated our banking arrangement out three years saving interest expense and improving liquidity. We also added to our forward book with over $1.1 billion of forward contract revenue under contract, increasing our long-term contract base quarter over quarter, which now brings us to about $300 million of long-term contract margin forecast for the future. And we also achieved all this with another quarter of industry-leading record safety metrics. For a deeper dive into the third quarter financials, I'll turn it over to Mike Gray.