Patterson-UTI Energy, Inc. (PTEN) Q4 2025 Earnings Call

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WEBVTT 00:00:01.702 -- 00:00:06.467 Thank you for standing by. My name is Frilla and I will be your conference operator today. 00:00:06.467 -- 00:00:11.252 At this time, I would like to welcome everyone to the Patterson UTI fourth quarter 2025 00:00:11.252 -- 00:00:15.816 earnings conference call. All lines have been placed on mute to prevent any background 00:00:15.816 -- 00:00:20.020 noise. After the speaker's remarks, there will be a question and answer session. 00:00:20.020 -- 00:00:24.525 If you would like to ask a question during this time, simply press the star followed 00:00:24.525 -- 00:00:27.087 by the number one on your telephone keypad. 00:00:27.087 -- 00:00:30.070 If you would like to withdraw your question, please press the star one again. 00:00:30.070 -- 00:00:35.161 Thank you. I would now like to turn the conference over to Mike Sabella, Vice President 00:00:35.161 -- 00:00:38.346 of Investor Relations. You may begin. 00:00:38.346 -- 00:00:42.231 Thank you, operator. Good morning and welcome to Patterson UTI's earnings conference 00:00:42.231 -- 00:00:45.556 call to discuss our fourth quarter 2025 results. 00:00:45.556 -- 00:00:50.002 With me today are Andy Hendrix, President and Chief Executive Officer, and Andy Smith, 00:00:50.002 -- 00:00:54.128 Chief Financial Officer. As a reminder, statements that are made in this conference call 00:00:54.128 -- 00:00:59.156 that refer to the company's or management's plans, intentions, targets, beliefs, 00:00:59.156 -- 00:01:03.844 expectations, or predictions for the future are considered forward-looking statements. 00:01:03.844 -- 00:01:07.731 These forward-looking statements are subject to risks and uncertainties as disclosed 00:01:07.731 -- 00:01:12.699 in the company's SEC filings, which could cause the co...