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RES

RPC, Inc.

RES

RPC, Inc. • NYSE
$5.32 ▲ 0.57% (+0.03)
Market Cap $1.17 B
52w High $7.17
52w Low $4.10
Dividend Yield 0.16%
P/E 24.18
Volume 624.41K
Outstanding Shares 220.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $447.103M ▲ $91.63M ▲ $12.963M ▲ 2.899% ▲ $0.06 ▲ $69.89M ▲
Q2-2025 $420.809M ▲ $87.527M ▲ $10.148M ▼ 2.412% ▼ $0.046 ▼ $62.238M ▲
Q1-2025 $332.877M ▼ $76.596M ▲ $12.03M ▼ 3.614% ▼ $0.056 ▼ $46.483M ▲
Q4-2024 $335.361M ▼ $74.596M ▲ $12.762M ▼ 3.805% ▼ $0.058 ▼ $43.864M ▼
Q3-2024 $337.652M $70.941M $18.796M 5.567% $0.087 $52.448M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $163.462M ▲ $1.499B ▲ $396.403M ▲ $1.102B ▲
Q2-2025 $162.113M ▼ $1.464B ▲ $373.381M ▲ $1.091B ▲
Q1-2025 $326.724M ▲ $1.346B ▼ $264.333M ▼ $1.082B ▲
Q4-2024 $325.975M ▲ $1.386B ▲ $308.198M ▲ $1.078B ▲
Q3-2024 $276.888M $1.331B $258.256M $1.072B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $12.963M ▲ $46.525M ▼ $-36.022M ▲ $-9.154M ▲ $1.349M ▲ $4.068M ▼
Q2-2025 $10.148M ▼ $53.078M ▲ $-204.04M ▼ $-13.649M ▼ $-164.611M ▼ $10.025M ▲
Q1-2025 $12.03M ▼ $39.865M ▼ $-27.443M ▲ $-11.673M ▼ $749K ▼ $7.595M ▼
Q4-2024 $12.762M ▼ $94.171M ▲ $-36.218M ▲ $-8.866M ▲ $49.087M ▲ $53.701M ▲
Q3-2024 $18.796M $70.728M $-46.417M $-8.939M $15.372M $19.067M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Support Services
Support Services
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Technical Services
Technical Services
 $310.00M ▲$310.00M ▲$400.00M ▲$420.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully from the downturn years and remains well above earlier levels, but it slipped somewhat in the most recent year after a very strong run in 2022–2023. Profitability has improved dramatically from the loss-making period in 2020, with solid operating and net profits over the last few years. That said, earnings and margins appear to have come off their peak, reflecting the normal cyclicality of oilfield activity and likely some pricing or volume pressure. Overall, the income statement shows a profitable, cyclical services business that has moved from survival to healthy, but not immune to industry slowdowns.

Balance Sheet

Balance Sheet The balance sheet looks conservative and robust. Total assets and shareholder equity have steadily increased, while debt has stayed very low and largely unchanged. Cash balances have built up over time, giving the company a sizeable liquidity cushion and flexibility to ride out industry cycles or fund investment without heavy borrowing. This combination of low leverage and rising equity points to a financially cautious approach and reduces balance-sheet risk, though asset values still depend on the health of the underlying oilfield services market.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has strengthened meaningfully compared with the downturn years, and has been comfortably positive for several years in a row. After funding capital spending, free cash flow has also been consistently positive recently, indicating the business can support its investment needs from its own cash rather than relying on debt. Capital spending has risen from earlier low levels as the company invests in its fleet and technology, but it has stayed within what operating cash flow can support. Overall, the cash flow profile looks healthy and self‑funding, subject to the usual swings tied to oilfield activity.

Competitive Edge

Competitive Edge RPC competes in a tough, commodity‑like oilfield services arena against much larger global players, but it has carved out a niche as a specialized, largely U.S. onshore provider. Its strengths include a strong balance sheet, focus on technical services like pressure pumping and downhole tools, and recognized capabilities in well control through Cudd. The company also has meaningful exposure to key U.S. shale basins and uses targeted acquisitions to add services and deepen relationships. The flip side is that its results still depend heavily on drilling and completion activity, customer spending budgets, and pricing pressure from bigger competitors, so its competitive position is solid but inherently cyclical and exposed to oil and gas cycles.

Innovation and R&D

Innovation and R&D Innovation is focused on making well services more efficient and more environmentally acceptable. The company has invested in dual‑fuel pressure pumping fleets that can reduce emissions and fuel costs, water recycling services that lower fresh water use, and proprietary downhole tools with patented designs aimed at safer and more efficient well work. It also expands its toolkit through acquisitions of specialized service providers. Future value will depend on how well these technologies gain traction with customers, how quickly it can expand its lower‑emission and ESG‑oriented offerings, and whether it can keep differentiating its tools and services in a crowded market.

Summary

RPC has transitioned from a stressed, loss‑making phase in 2020 to a period of solid profitability, strong cash generation, and a very conservative balance sheet with minimal debt and rising cash. Its business is clearly cyclical: revenue and earnings recently eased from peak levels, reflecting the normal ebb and flow of oilfield activity and competitive pricing. Strategically, the company leans on niche technical services, a strong financial foundation, and a growing portfolio of specialized, sometimes proprietary, tools and environmentally focused offerings. The main opportunities lie in continued uptake of its advanced and ESG‑friendly services and in disciplined acquisitions, while the key risks remain industry downturns, customer capital spending cuts, and price competition from much larger rivals.

NEWS

October 30, 2025 · 6:45 AM UTC

RPC, Inc. Reports Third Quarter 2025 Financial Results And Declares Regular Quarterly Cash Dividend

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October 7, 2025 · 5:09 PM UTC

RPC, Inc. Announces Date for Third Quarter 2025 Financial Results and Conference Call

Read more