RES
RPC, Inc.5.49
-0.25-4.36%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.21BP/E (TTM)
24.95Basic EPS (TTM)
0.22Dividend Yield
0.03%Recent Filings
8-K
RPC Q3 revenues up 6%
RPC, Inc. reported third-quarter 2025 revenues of $447.1 million, up 6% sequentially, driven by 14% growth in pressure pumping and gains in coiled tubing and downhole tools amid stabilizing activity in August and September. Net income rose 28% to $13.0 million, with adjusted EBITDA climbing 10% to $72.3 million and margin expanding to 16.2%. Yet oil prices below $60 a barrel signal Q4 headwinds. RPC declared a $0.04 quarterly dividend.
10-Q
Q3 FY2025 results
RPC's Q3 revenues climbed 32.4% year-over-year to $447.1M, fueled by $99.8M from the April 2025 Pintail acquisition in the Permian Basin's wireline services, though pressure pumping dipped amid fierce competition and a 7.8% rig count drop. Operating income edged up 8.3% to $20.8M, but net income fell to $13.0M or $0.06 diluted EPS from $18.8M or $0.09, pressured by $6.5M in acquisition-related employment costs and a 42.6% tax rate from non-deductible items. Year-to-date, revenues rose 11.2% to $1.2B while net income slid to $35.1M or $0.16 EPS, reflecting Pintail's $198.6M contribution offset by softer pricing. Cash dipped to $163.5M after $165.7M for the deal and $117.8M capex, yet $84.2M remains available on the $100M revolver; free cash flow (derived) totaled $21.7M on $139.5M operating cash. The Pintail buy closed April 1 for $170M cash plus $25M stock and a $50M seller note at SOFR+2%, adding $23.4M goodwill and $97.3M intangibles over 10 years. Acquisition costs hit margins hard. Yet competition in oversupplied pressure pumping lingers as a key risk.
8-K
RPC Q2 revenues surge on acquisition
RPC, Inc. reported Q2 2025 revenues of $420.8 million, up 26% sequentially, boosted by the April 1 acquisition of Pintail Completions, a leading Permian wireline provider adding $98.9 million in sales. Pressure pumping dragged results with an 18% revenue drop from weather and delays, yet adjusted EBITDA climbed 34% to $65.6 million on diversification. The board declared a $0.04 quarterly dividend. Competition intensifies amid falling oil prices.
10-Q
Q2 FY2025 results
RPC's Q2 revenues climbed 15.6% year-over-year to $420.8 million, fueled by the April 2025 Pintail acquisition adding $98.9 million in wireline services, though pressure pumping dipped amid pricing pressures and a 5.3% lower rig count. Operating income fell to $15.5 million from $35.5 million, squeezed by $6.6 million in acquisition-related employment costs and higher depreciation from $96.9 million in new intangibles amortized over 10 years, while gross margins held steady despite the mix shift. Diluted EPS dropped to $0.05 from $0.15, aligning with 212.2 million shares and no anti-dilution flags. Cash dipped to $162.1 million after the $170 million cash deal, but $84.2 million remains available on the revolver with no covenant issues; free cash flow (derived) slowed to $17.6 million YTD on $92.9 million operating cash minus $75.3 million capex. Pintail bolsters Permian exposure. Yet integration risks from Pintail's prior material weaknesses linger.
8-K
Kolstad joins RPC board
RPC, Inc. appointed Gary Kolstad as an independent director on July 14, 2025, adding his extensive oilfield services background to the board. A petroleum engineering graduate with decades in the industry, including CEO roles at public and private firms, Kolstad joins without committee assignments or related transactions. Chairman Richard A. Hubbell praised his potential contributions. This bolsters RPC's governance amid oil and gas sector dynamics.
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