Patterson-UTI Energy Inc. (NASDAQ:PTEN) Q3 2023 Results Conference Call November 8, 2023 10:00 AM ET
Company Participants
Mike Sibella - Vice President of Investor Relations
William Hendricks - President, CEO & Director
Andrew Smith - Executive VP & CFO
Conference Call Participants
Scott Gruber - Citigroup
Jim Rollyson - Raymond James
Stephen Gengaro - Stifel
Derek Podhaizer - Barclays
Kurt Hallead - Benchmark
Keith Mackey - Calgary
Sean Mitchell - Daniel Energy Partners
Don Crist - Johnson Rice
Operator
Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the Patterson-UTI Energy Third Quarter 2023 Earnings Conference Call. Today's conference is being recorded. Today’s conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question-and-answer session. [Operator Instructions]
At this time, I would like to turn the conference over to Mike Sibella, Vice President of Investor Relations. Please go ahead.
Mike Sibella
Thank you, Audra. Good morning, and welcome to Patterson-UTI's earnings conference call to discuss our third quarter 2023 results. With me today are Andy Hendricks, President and Chief Executive Officer; Andy Smith, Chief Financial Officer; Mike Holcomb, Chief Business Officer; and Matt Gillard, President of NexTier Completion Solutions.
As a reminder, statements that are made in this conference call that refer to the company's or management's plans, intentions, targets, beliefs, expectations or predictions of the future are considered forward-looking statements. These forward-looking statements are subject to risks and uncertainties as disclosed in the company's SEC filings, which could cause the company's actual results to differ materially.
The company takes no obligation to publicly update or revise any forward-looking statements. Statements made in this conference call include non-GAAP financial measures. The required reconciliations to GAAP financial measures are included on our website, patenergy.com and in the company's press release issued prior to this conference call. I will now turn the call over to Andy Hendricks, Patterson-UTI's Chief Executive Officer.
William Hendricks
Thank you, Mike. Good morning, and welcome to Patterson-UTI's third quarter conference call. Our third quarter was a monumental as we closed on 2 transactions that reshaped our company. Today, we are positioned as one of the market leaders across multiple U.S. onshore service lines with a diverse suite of products and services and a strong presence across the entire U.S. land drilling and completions value chain.