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Total Energy Services Inc. (TOTZF) Q1 2025 Earnings Call Transcript

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Total Energy Services Inc. (OTCPK:TOTZF) Q1 2025 Results Earnings Conference Call May 9, 2025 11:00 AM ET

Company Participants

Daniel Halyk – President and Chief Executive Officer
Yuliya Gorbach – Vice President, Finance and Chief Financial Officer

Conference Call Participants

Tim Monachello – ATB Capital Markets

Operator

Thank you for standing by. This is the conference operator. Welcome to the Total Energy’s First Quarter 2025 Results Conference Call and Webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions].

I would now like to turn the conference over to Daniel Halyk, President and CEO of Total Energy Services, Inc. Please go ahead.

Daniel Halyk

Thank you. Good morning and welcome to Total’s first quarter 2025 conference call. Present with me is Yuliya Gorbach, Total’s VP, Finance and CFO. We will review with you Total’s financial and operating highlights for the three months ended March 31, 2025, and then provide an outlook for our business and open up the phone lines for questions. Yuliya, please go ahead.

Yuliya Gorbach

Thank you, Dan. During the course of this conference call, information may be provided containing forward-information concerning total projected operating results, anticipated capital expenditure trends and projected activity in the oil and gas industry. Actual events or results may differ materially from those reflected in total forward-looking statements due to a number of risks, uncertainties, and other factors affecting Total’s businesses and the oil and gas service industry in general. These risks, uncertainties, and other factors described under the heading Risk Factors and elsewhere in Total’s most recently filed annual information form and other documents filed with Canadian Provincial Securities Authorities that are available to the public at www.sedarplus.ca. Our discussions during this conference call are qualified with reference to the notes to the

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