Patterson-UTI Energy, Inc. (PTEN) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:01.833 Ladies and gentlemen, thank you for standing by. 00:00:01.833 -- 00:00:04.876 My name is Abby and I will be your conference operator today. 00:00:04.876 -- 00:00:10.301 At this time, I would like to welcome everyone to the Patterson UTI first quarter 2026 00:00:10.301 -- 00:00:13.063 earnings conference call. 00:00:13.063 -- 00:00:17.007 All lines have been placed on mute to prevent any background noise. 00:00:17.007 -- 00:00:20.430 After the speaker's remarks, there will be a question and answer session. 00:00:20.430 -- 00:00:23.793 If you would like to ask a question during that time, simply press star followed by the 00:00:23.793 -- 00:00:28.458 number one on your telephone keypad. If you'd like to withdraw your question, press star 00:00:28.458 -- 00:00:33.496 one again. Thank you, and I would now like to turn the conference over to Michael Sabella, 00:00:33.496 -- 00:00:37.461 Vice President of Investor Relations. You may begin. 00:00:37.461 -- 00:00:41.366 Thank you, operator. Good morning, and welcome to Patterson UTI's earnings conference 00:00:41.366 -- 00:00:44.690 call to discuss our first quarter 2026 results. 00:00:44.690 -- 00:00:49.435 With me today are Andy Hendrix, President and Chief Executive Officer, and Andy Smith, 00:00:49.435 -- 00:00:53.800 Chief Financial Officer. As a reminder, statements that are made in this conference call 00:00:53.800 -- 00:00:59.556 that refer to the company's or management's plans, intentions, targets, beliefs, expectations, 00:00:59.556 -- 00:01:03.121 or predictions for the future are considered forward-looking statements. 00:01:03.121 -- 00:01:07.107 These forward-looking statements are subject to risks and uncertainties as disclosed 00:01:07.107 -- 00:01:11.753 in the company's S...