Operator

Good day, everyone, and welcome to the H&P Fiscal Second Quarter Earnings Call. [Operator Instructions] Please note this call is being recorded.

It is now my pleasure to turn the conference over to Mr. Kris Nicol, Vice President of Investor Relations.

Kris Nicol
Vice President of Investor Relations

Welcome, everyone, to Helmerich & Payne's conference call and webcast for the second fiscal quarter of 2026. On today's call, Trey Adams, our President and CEO, will be joined by Kevin Vann, our Chief Financial Officer; Todd Scruggs, incoming CFO; and Mike Lennox, Executive Vice President of the Western Hemisphere.

Before we begin our prepared remarks, I'd like to remind everyone that this call will include forward-looking statements as defined under securities laws. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct.

Please refer to our filings with the SEC for a list of factors that may cause actual results to differ materially from those in the forward-looking statements made during this call. Adjusted EBITDA, direct margin, adjusted EPS and free cash flow are non-GAAP measures. The most directly comparable GAAP measures and