Patterson-UTI Energy, Inc. (PTEN) Q2 2025 Earnings Call

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WEBVTT 00:00:00.267 -- 00:00:05.353 Hello and thank you for standing by. My name is Lacey and I will be your conference operator 00:00:05.353 -- 00:00:10.718 today. At this time, I would like to welcome everyone to the Patterson UTI second 00:00:10.718 -- 00:00:15.784 quarter 2025 earnings conference call. All lines have been placed on mute to prevent 00:00:15.784 -- 00:00:19.748 any background noise. After the speaker's remarks, there will be a question and answer 00:00:19.748 -- 00:00:24.233 session. If you would like to ask a question during this time, simply press star followed 00:00:24.233 -- 00:00:26.796 by the number one on your telephone keypad. 00:00:26.796 -- 00:00:30.052 If you would like to withdraw your question, press star one again. 00:00:30.052 -- 00:00:33.738 We ask that you limit to one question and one follow-up. 00:00:33.738 -- 00:00:37.844 Thank you. I would now like to turn the call over to Michael Sabella. 00:00:37.844 -- 00:00:39.987 You may begin. 00:00:39.987 -- 00:00:41.730 Thank you, operator. 00:00:41.730 -- 00:00:46.297 Good morning. Welcome to Patterson UTI's earnings conference call to discuss our second 00:00:46.297 -- 00:00:51.745 quarter 2025 results. With me today are Andy Hendrix, President and Chief Executive Officer, 00:00:51.745 -- 00:00:56.531 and Andy Smith, Chief Financial Officer. As a reminder, statements that are made in this 00:00:56.531 -- 00:01:01.279 conference call that refer to the company's or management's plans, intentions, targets, 00:01:01.279 -- 00:01:06.327 beliefs, expectations, or predictions for the future are considered forward-looking statements. 00:01:06.327 -- 00:01:10.754 These forward-looking statements are subject to risks and uncertainties as disclosed 00:01:10.754 -- 00:01:15.301 in the company's S...