Welcome to our dedicated page for Rpc news (Ticker: RES), a resource for investors and traders seeking the latest updates and insights on Rpc stock.
RPC Inc (NYSE: RES) provides essential oilfield services and equipment solutions for energy producers worldwide. This news hub offers investors and industry professionals direct access to official company announcements, operational updates, and strategic developments.
Track RES's latest press releases including quarterly earnings, technology deployments, and service expansions. Our curated collection features updates across both Technical Services (pressure pumping, downhole tools) and Support Services divisions (equipment rentals, operational consulting).
Discover timely information on RES's market positioning, including partnership announcements, fleet modernization initiatives, and responses to energy sector trends. Content is organized chronologically for quick reference, with clear dating and sourcing for all materials.
Bookmark this page for streamlined access to RES's corporate communications. Combine these updates with SEC filings and market analysis for complete due diligence. Verify publication dates and consult multiple sources when making investment decisions.
RPC Inc (NYSE: RES) reported Q1 2025 financial results with revenues of $332.9 million, down 1% sequentially. Net income was $12 million with EPS of $0.06, representing a 6% sequential decline due to higher tax rates. EBITDA increased 6% to $48.9 million with a margin of 14.7%.
The company announced the acquisition of Pintail Completions, effective April 1, 2025, a leading Permian wireline perforation service provider that generated over $400 million in 2024 revenues. The $245 million acquisition was funded through $170 million cash, $50 million seller note, and $25 million in restricted stock.
The oilfield services market remains challenged with pressure pumping revenues flat and intense competition. Management noted concerns about volatile commodity prices, unclear oil supply/demand outlook, and uncertainty from new administration's tariff actions. The company maintains a strong balance sheet with $326.7 million in cash and no outstanding debt.
RPC Inc (NYSE: RES) has scheduled the release of its first quarter 2025 financial results for Thursday, April 24, 2025, before market opening. The company will host a conference call at 9:00 a.m. Eastern Time on the same day to discuss the results.
Participants can join via telephone by dialing (888) 440-5966 (toll-free) or (646) 960-0125 (international) using conference ID 9842359. The call will also be broadcast and archived for 90 days on the company's investor website.
RPC provides specialized oilfield services and equipment to independent and major oilfield companies across the United States, including the Gulf of America, mid-continent, southwest, Appalachian and Rocky Mountain regions, and select international markets.
RPC Inc. (NYSE: RES) has acquired Pintail Completions, a leading Permian Basin wireline services provider, for $245 million effective April 1, 2025. The transaction includes $170 million in cash, $25 million in RPC restricted stock, and a $50 million three-year note.
Pintail operates over 30 active fleets with modern conventional and electric wireline units, generating approximately $409 million in revenue for calendar year 2024. The acquisition is expected to be accretive to RPC's 2025 earnings per share and cash flow.
The strategic acquisition strengthens RPC's position in the Permian Basin, the most active U.S. oil-producing region, while adding a high-margin service line with strong free cash flow characteristics. Pintail will continue operating independently under its existing brand name, maintaining its relationships with Tier 1 E&P customers in the Midland and Delaware basins.
RPC Inc. (NYSE: RES) reported its Q4 and full-year 2024 financial results. Q4 revenues decreased 1% sequentially to $335.4 million, with net income falling 32% to $12.8 million ($0.06 EPS). Adjusted EBITDA was $46.1 million, down 17% with a 13.7% margin.
For full-year 2024, revenues declined 13% to $1.4 billion, with net income of $91.4 million ($0.43 EPS). The company generated $349.4 million in operating cash flow and $129.5 million in free cash flow. RPC maintained a debt-free status, paid $34.4 million in dividends, and repurchased $9.9 million of common stock.
The company plans capital spending of $150-200 million in 2025 and ended 2024 with over $300 million in cash. The Board declared a quarterly dividend of $0.04 per share, payable March 10, 2025.
RPC Inc. (NYSE: RES) has scheduled its fourth quarter 2024 financial results release for Thursday, January 30, 2025, before market opening. The company will host a conference call at 9:00 a.m. Eastern Time on the same day to discuss the results.
Participants can join via telephone by dialing (888) 440-5966 (toll-free) or (646) 960-0125 (international) using conference ID 9842359. The call will also be broadcast and archived for 90 days on the company's investor website. RPC provides specialized oilfield services across the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and select international markets.
RPC Inc reported declining financial results for Q3 2024, with revenues decreasing 7% sequentially to $337.7 million. Net income fell 42% to $18.8 million, with diluted EPS of $0.09. The company faced challenges in the oilfield services market, with lower oil prices and rig count affecting performance. Pressure pumping revenues declined 12% due to reduced asset utilization, while other service lines decreased 4%. Despite market challenges, RPC maintained a strong balance sheet with $277 million in cash and no debt, continuing to pay dividends of $8.6 million in Q3.
RPC, Inc. (NYSE: RES) has announced the release date for its third quarter 2024 financial results. The company will disclose its financial performance for the quarter ended September 30, 2024, on Thursday, October 24, 2024, before the market opens. Following the release, RPC will host a conference call at 9:00 a.m. Eastern Time to review the financial and operating results.
Interested participants can join the call by dialing (888) 440-5966 (toll-free) or (646) 960-0125 for international callers, using the conference ID number 9842359. The call will also be broadcast and archived for 90 days on the company's investor website. RPC provides specialized oilfield services and equipment to oil and gas companies across the United States and in selected international markets.
RPC, Inc. (NYSE: RES) reported its Q2 2024 financial results, showing resilience despite challenges in pressure pumping. Key highlights include:
- Revenues decreased 4% sequentially to $364.2 million
- Net income increased 18% to $32.4 million, with EPS of $0.15
- Adjusted EBITDA rose 9% to $68.5 million, with margin improving to 18.8%
- The company remained debt-free with over $260 million in cash
- A quarterly dividend of $0.04 per share was declared
Performance varied across service lines, with pressure pumping facing headwinds while downhole tools, cementing, rental tools, and coiled tubing showed growth. Management expressed optimism about new product launches and strategic investments to enhance the company's competitive position.
RPC announced the release of its financial results for the second quarter of 2024 on July 25, 2024, before the market opens. The results cover the period ending June 30, 2024. Alongside the release, RPC will host a conference call to discuss its financial and operational performance at 9:00 a.m. Eastern Time on the same day.
Participants can dial toll-free at (888) 440-5966 or (646) 960-0125 for international callers, using conference ID 9842359. Additionally, the call will be webcast and archived for 90 days on RPC's investor website.
RPC Inc. provides specialized oilfield services and equipment to various oilfield companies across the United States and selected international markets. For further inquiries, contact CFO Michael L. Schmit or Vice President of Investor Relations Mark Chekanow, CFA.
