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) is an oilfield services company that regularly issues detailed updates on its financial and operating performance. The news flow around RPC centers on quarterly and annual earnings releases, conference call announcements, acquisition activity and board-level developments, all of which are relevant to investors tracking the support activities for oil and gas operations sector.
In its earnings releases, RPC reports revenues, operating income, net income and margins, along with segment performance for Technical Services and Support Services. The company discusses trends in key service lines such as pressure pumping, downhole tools, wireline, coiled tubing, cementing and rental tools, and comments on how factors like commodity prices, rig counts and customer activity influence results. These releases often include non-GAAP measures such as EBITDA, adjusted EBITDA, adjusted net income and free cash flow, with reconciliations provided in accompanying tables.
News items also cover strategic moves, including RPC’s acquisition of Pintail Completions, a wireline services provider in the Permian Basin, and related commentary on how this transaction fits into the company’s diversified oilfield services platform. Governance-related news, such as the appointment of an independent director to the Board, appears in both press releases and Form 8-K filings.
Investors and industry observers can use the RES news stream to follow quarterly results, dividend declarations, capital allocation decisions, acquisition announcements and changes in board composition. Bookmarking this page provides a centralized view of RPC’s public communications and helps contextualize the company’s performance within broader oilfield services market conditions as described in its own disclosures.
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.
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