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Independence Contract Drilling, Inc. (ICD) Q3 2023 Earnings Call Transcript

Independence Contract Drilling, Inc. (NYSE:ICD) Q3 2023 Earnings Conference Call November 1, 2023 12:00 PM ET

Company Participants

Philip Choyce – EVP & CFO

Anthony Gallegos – President, CEO, and Director

Conference Call Participants

Don Crist – Johnson Rice & Company

Steve Ferazani – Sidoti & Company

John Daniel – Daniel Energy Partners

Dave Strohm – Stonegate Capital Partners

Jeff Robertson – Water Tower Research

Dick Ryan – Oak Ridge Financial

Operator

Good morning, and welcome to the Independence Contract Drilling third quarter 2023 financial results conference call. All participants will be in a listen-only mode. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Philip Choyce, Executive Vice President and Chief Financial Officer. Please go ahead.

Philip Choyce

Good morning, everyone, thank you for joining us today to discuss ICD’s third-quarter 2023 results. With me today is Anthony Gallegos our President and Chief Executive Officer. Before we begin, I would like to remind all participants that our comments today will include forward-looking statements, which are subject to certain risks and uncertainties. A number of factors and uncertainties could cause actual results in future periods to differ much materially from what we talked about today.

For complete discussions of these risks, we encourage you to read the company’s release and our documents on filed with the SEC. In addition, we refer to non-GAAP measures starting the call. Please refer to the earnings release and our public filings for a full reconciliation of net loss to adjusted net loss, EBITDA and adjusted EBITDA, and for definitions of our non-GAAP measures. With that, I’ll turn it over to Anthony for opening remarks.

Anthony Gallegos

Hello, everyone, thank you for joining us for our third-quarter 2023 earnings conference call. During my prepared remarks today, I want to

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