Greetings, and welcome to the U.S. Well Services first quarter earnings conference call. At this time, all participants are in a listen-only mode. Question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Erin C. Simonson, Vice President and Corporate Secretary. Thank you, Erin. You may begin. Thank you, operator, and good morning, everyone. We appreciate you joining us for the U.S. Well Services conference call and webcast to review the first quarter 2022 results. Joining us this morning on the call are Chief Executive Officer Kyle O'Neill and Chief Financial Officer Josh Shapiro. Following their prepared remarks, the call will be opened for Q&A. Earlier this morning, U.S. Well Services released its first quarter 2022 earnings. The earnings release can be found on the company's website at www.uswellservices.com. U.S. Well Services also intends to file its quarterly report on Form 10-Q with the SEC this morning. Please note that the information reported on this call speaks only as of today, and therefore, time-sensitive information may no longer be accurate as of the time of any replay or transcript reading. In addition, the comments made by management during this conference call may contain forward-looking statements within the meaning of the United States federal securities laws. These forward-looking statements reflect the current views of U.S. Well Services management. However, various risks, uncertainties, and contingencies could cause our actual results, performance, or achievements to differ materially from those expressed in the statements made by management. The listener is encouraged to review today's earnings release and U.S. Well Services filings with the SEC to understand those risks, uncertainties and contingencies. Also, during today's call and webcast, we will reference certain non-GAAP financial measures. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in our earnings release. Now, I would like to turn the call over to U.S. Well Services CEO, Mr. Kyle O'Neill. Thanks, Erin, and good morning, everyone. Two years ago at this time, the outlook for the pressure pumping industry and the traditional energy industry more broadly was bleak. The onset of COVID-19 pandemic destroyed demand for crude oil and refined products, and many questioned whether the world's demand for oil had peaked and if the industry was viable. What a difference 24 months can make. The price of crude oil and natural gas globally is sending a clear signal to the market that the world needs more of what our customers produce. Resulting call on American energy production has created a step change in demand for pressure pumping services at a time when capacity is tight, supply chains are bottlenecked, and capital for expansion remains elusive. We believe U.S. Well Services is well-positioned in this environment and that our business trajectory is improving with each passing day. Before we reflect on the first quarter and discuss the business and market outlook, I'd like to take a moment to thank our Chairman, Joel Broussard, for his dedication and service to U.S. Well Services. In 2013, when Joel first had the vision of electrifying pressure pumping operations to reduce the environmental impact, few believed the initiative would be successful. Now, less than a decade later, the largest E&P operators and pressure pumping service providers have largely accepted that electric frack fleets represent the future of the industry. It's been my great pleasure to work with Joel over the last several years, and I look forward to continuing to work closely with him in his new role as our Chairman. The first quarter of 2022 marked the turning point for U.S. Well Services in its ongoing transition. We generated approximately $41.2 million of revenue and a loss of $3.5 million of Adjusted EBITDA for the quarter. We averaged 4.4 fully utilized frack fleets. While these headline results are disappointing, I believe there is much to be encouraged about beneath the surface. When we initiated our exit from the diesel pressure pumping market in late Q2 of 2021, we recognized that we would experience several quarters of turbulent results. Our company had the right people and assets in place to develop, build, and deploy the next generation of Clean Fleet technology. Our difficulty in absorbing these costs with a lower active fleet count has weighed heavily on our quarterly financial performance. In 2019, we averaged roughly $2.6 million of cash G&A per fleet on an average of 9.9 active fleets. Currently, our average cash G&A per active fleet for the last three quarters and for Q1 of 2022 was approximately $4.75 million and $5.7 million, respectively. As we deliver our new Nyx Clean Fleets to ramp back up to scale, overhead absorption and profitability will continue to improve. Last quarter, we mentioned that we had successfully restructured several existing contracts and expected to see the benefit of these changes late in the first quarter of 2022. Although total revenue only increased 6% sequentially in the first quarter, the month of March totaled over $20 billion of revenue, or 49% of our revenue for the quarter. The massive jump we saw in revenue was partially driven by higher active fleet count, but was also driven by the fact that our fleets were positioned with contracted customers at favorable pricing, where they will remain for an extended period of time. Our annualized March 2022 exit rate was approximately $41 million of revenue per fleet with over $10 million of gross profit contribution per fleet. The month of April will be a considerable improvement to our March exit rate. As I said before, I believe the business has truly turned the corner. The value proposition for electric fleets is improving daily. Diesel prices have hit an all-time high, and diesel inventories are low in many parts of the country. Despite the sharp rise in natural gas prices, we are continuing to see a widening gap between the fuel costs for conventional diesel fleet and electric fleet powered by fuel gas. Historically, we have seen our customers save between $1 million and $1.5 million per month using fuel gas. In today's environment, we believe these fuel savings exceed $2.5 million per month. Finally, one last point of encouragement that I'll make is the trend in our repair and maintenance costs. Our decision to exit the diesel pressure pumping market was driven by two main considerations. First, we believe the electric segment of the market offers premium pricing, higher barriers to entry. Second, we believe that the electric fleets are longer-lived assets with lower maintenance costs. With our fleet now almost fully electric, we've seen our repair and maintenance costs on a per pump hour basis decrease 40% relative to full year 2019 levels. Over the long term, our ability to generate higher revenue with lower operating costs and overhead spread across a larger fleet should result in some of the most attractive economics in our industry. We think our business is incredibly well-positioned moving forward. Since mid-2019, pressure pumping service companies have leveraged spare capacity to support increasing completion intensity and defer their maintenance. Today, the industry capacity is as tight as it's been in nearly a decade. Most service providers are sold out, and for most, the lead time to deliver a new fleet is both long and uncertain. As a result, leading-edge pricing has recovered meaningfully and now exceeds pre-pandemic levels, even as adjusted for inflation. Right now, the biggest challenges that face pressure pumpers are cost inflation, labor scarcity, and logistical bottlenecks creating shortage of goods. These challenges not only impact service providers' ability to ensure operational continuity and quality, but also limit their ability to increase capacity as in reaction to the current market dynamic. This is why I believe U.S. Well Services is incredibly well-positioned. We expect to deploy our first new build Nyx Clean Fleet in Q2, followed by another in early Q3 and two more in early Q4. We also have existing fleets that will be available late this year. U.S. Well Services will have the supply of high spec, all electric horsepower to meet our customers' needs. Our supply chain team has also been actively working to lock in pricing in order to stem the impact of cost inflation for critical goods and services, and we continue to work to attract, develop and retain the best talent in the industry. Finally, before Josh goes through the specifics of our financial results, I wanna take this opportunity to thank the U.S. Well Services team. Our team has overcome tremendous challenges over the last several years, has demonstrated an unwavering commitment to safety and execution. I'm excited to show the market what we can do when we combine best-in-class people with our best-in-class technology amidst a favorable market backdrop. With that, I'll turn it over to Josh. Thanks, Kyle, and good morning, everyone. U.S. Well Services averaged 4.7 active fleets during the quarter with a utilization rate of 94%, resulting in 4.4 fully utilized fleets. We exited the quarter with six active fleets and expect to average 6 to 7 active fleets for the second quarter of 2022. Total revenue for the first quarter was $41.1 million, up from $38.9 million last quarter. While total revenue increased 6% sequentially, we saw service and equipment revenue increase 17% quarter-over-quarter as we began to see the benefit of improving pricing for our services in late Q1. Revenue from materials such as sand, chemicals, and trucking declined 45% sequentially as we did not provide sand for any of our customers during the first quarter of 2022. Our cost of sales for the quarter is $40.7 million, down 2% quarter over quarter from $41.3 million in the fourth quarter of 2021. Much of this sequential decrease was driven by lower costs for materials and reduced heavy equipment transportation costs as we completed repositioning our fleet in Q4 to bring equipment to contracted customers for 2022 work programs. I would note that we are definitely seeing signs of inflation across our supply chain. To date, we've seen costs increase 8% to 10% for most items versus 2021 levels. We believe we've locked in pricing for many critical components throughout the end of the year, but we'll continue to be impacted by rising costs for fuel and lubricants, as well as fluid ends and high pressure iron, all of which are exposed to surging costs of underlying commodities. SG&A was $8.3 million for the first quarter of 2022. Net of stock-based compensation and other non-cash charges, SG&A was $6.6 million, which compares to $5 million for the fourth quarter of 2021. Sequential increase in SG&A was primarily related to personnel costs and professional fees. Adjusted EBITDA for the first quarter was a loss of $3.5 million, which is an improvement relative to the loss of $7.9 million in the fourth quarter of 2021. On an annualized basis, adjusted EBITDA per fully utilized fleet was a loss of $3.2 million for the quarter. On an accrual basis, U.S. Well Services spent approximately $2 million on maintenance capital expenditures during the first quarter of 2022 and deployed approximately $10.3 million for growth capital expenditures related to our new build Clean Fleet. We anticipate spending approximately $95 million-$115 million over the remainder of the year to complete the build-out of these fleets. Turning to the balance sheet, the company ended the first quarter of 2022 with $41 million of cash and restricted cash and $8.5 million of ABL availability. With that, I'd like to turn the call back to Kyle for some final remarks. Thanks, Josh. We're excited to deploy our new Clean Fleet and implement the final phase of our all-electric strategy. We think the future is bright for U.S. Well Services and look forward to delivering for our customers and our shareholders. Operator, please open up the call to Q&A. Thank you. We will now be conducting a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment please while we poll for your questions. Our first question comes from the line of John Daniel with Daniel Energy Partners. Please proceed with your question. Good morning, guys. Thank you for including me. Hey, John. You've got the four fleets that come this year. I know you're probably reticent to give an official forecast for demand for new fleets in 2023, but I'm just curious. With lead times as long as they are, can you speak to maybe some of the component parts, if you will, that you may have pre-purchased to potentially continue a new build program into 2023? Just any color would be appreciated. Yeah, sure. Hey, John. You know, we do have some of the longer lead time components secured so that to the extent we wanted to react to some of the demand that we're seeing, we could deliver fleets in 2023. Okay. You know, based on what we have today, we could deliver those fleets in early 2023. However, at this point, we have not made any commitments to build any fleets despite the demand that we are seeing. Fair enough. On the guidance for Q2 that's averaging 6 to 7 fleets, I'm assuming that's including 1 diesel fleet or is there 2 in there? That's one. Just one. Okay. That's all I got. Good to see the outlook. Thank you, guys. Thanks, John. Thank you. Our next question comes from the line of Stephen Gengaro with Stifel. Please proceed with your questions. Hi. Thank you. Good morning, everyone, and thanks for taking my question. Hey, good morning. Just out of curiosity, can you just help us understand the drivers of EBITDA per fleet and if you think it's possible that you could see breakeven levels in 2Q 2022 and maybe the cadence moving forward for the rest of the year? Yeah, absolutely. I mean, I think we put in our press release and talked about a little bit on the earnings call that, you know, we saw a dramatic increase in our revenue, really beginning March first, and we continue to see that trend so far in Q2. That brought our, you know, EBITDA per fleet up over our gross profit to be, I guess, over $10 million, and then we'll continue to see that improve throughout the year. The big driver of increased profitability or at least the biggest lever that we have to pull is just getting more fleets out in the field to really spread our, you know, fixed SG&A costs over more fleets. Excellent. Thanks for the color. Any time. Thank you. There are no further questions at this time. I would like to turn the floor back over to management for any closing comments. Thanks, everyone, for joining. Have a great day. Ladies and gentlemen, thank you for your participation. This does conclude today's teleconference. You may disconnect your lines at this time. Have a great day.