Key Takeaways RES reported Q4 adjusted EPS of 4 cents, missing estimates, while revenue rose to $426 million, up y/y.RES higher costs from expensing wireline cable and reduced activity pressured earnings, offset by Pintail.RES posted a $4 million operating loss as Technical and Support Services profits fell amid weaker activity.RPC Inc. (RES) reported fourth-quarter 2025 adjusted earnings of 4 cents per share, which missed the Zacks Consensus Estimate of 7 cents. The bottom line also declined from the year- ...

Core Viewpoint - RPC, Inc. reported its fourth quarter financial results for 2025, missing earnings expectations but exceeding revenue forecasts, indicating strong sales performance in a competitive oilfield services market [1]. Financial Performance - The earnings per share (EPS) for RPC was $0.04, below the Zacks Consensus Estimate of $0.07, representing a -42.86% earnings surprise and a decrease from $0.06 in the same quarter the previous year [2]. - Revenue for the quarter ending December 2025 was $425.8 million, surpassing the Zacks Consensus Estimate of $419.3 million by 0.18%, and showing a significant increase from $335.36 million reported in the same period the previous year [3]. Market Position - RPC has a price-to-earnings (P/E) ratio of approximately 25.03, a price-to-sales ratio of about 0.79, and an enterprise value to sales ratio of around 0.73, reflecting its market valuation relative to earnings and sales [4]. - The company maintains a low debt-to-equity ratio of roughly 0.07, indicating minimal debt compared to equity, and a current ratio of approximately 2.78, suggesting a strong ability to cover short-term liabilities with short-term assets [5].

RPC (NYSE:RES) Q4 2025 Earnings call February 03, 2026 09:00 AM ET Company ParticipantsBen Palmer - President and CEOJohn Daniel - Founder and Managing PartnerMike Schmidt - CFOConference Call ParticipantsCharles Minervino - Equity Research AnalystDerek Podhaizer - Senior Equity Research AnalystDon Crist - Equity Research AnalystOperatorGood morning, and thank you for joining us for RPC Inc.'s fourth quarter 2025 earnings conference call. Today's call will be hosted by Ben Palmer, President and CEO, and Mik ...

Financial Data and Key Metrics Changes - Revenues decreased by 5% to $426 million compared to Q3 2025 [9] - Adjusted diluted EPS was $0.04 in the fourth quarter, with adjustments totaling $0.06 related to wireline cables and acquisition-related costs [11] - Adjusted EBITDA was $55.1 million, down from $67.8 million, with an adjusted EBITDA margin decreasing by 230 basis points to 12.9% [12] Business Line Data and Key Metrics Changes - Technical services, representing 95% of total revenues, decreased by 4% [9] - Pressure pumping revenues accounted for 27.6%, wireline for 24.1%, downhole tools for 22.4%, coiled tubing for 9.7%, cementing for 5.9%, and rental tools for 3.4% [9] - Cudd Pressure Control revenues increased by 1% sequentially, with snubbing up 13% [6] Market Data and Key Metrics Changes - The Western MidCon region was flat sequentially, while weakness was noted in the International and Rocky Mountain regions [4] - Growth was observed in the Southeast and Northeast regions [3] Company Strategy and Development Direction - The company aims to leverage its strong balance sheet and maximize long-term shareholder returns while focusing on less capital-intensive service lines [8] - There is a strategic focus on organic growth, investment in new technologies, and M&A within existing markets [14] Management's Comments on Operating Environment and Future Outlook - The management noted that 2025 was challenging, with year-end oil prices at their lowest since COVID, but recent improvements in oil and gas prices are encouraging [14] - The company is cautious about the impact of weather on early 2026 operations, particularly in the Permian and MidCon regions [21] Other Important Information - The decision to expense wireline cables instead of capitalizing them was made due to changes in work type and increased activity [10][51] - Capital expenditures for 2026 are expected to be in the range of $150 million to $180 million, with adjustments based on activity levels [13] Q&A Session Summary Question: Impact of weather on Q1 performance - Management acknowledged the uncertainty due to weather impacts but noted that the situation is not insignificant [21] Question: Competitors moving equipment overseas - Management indicated that some competitors are reorganizing, which may reduce competition in certain service lines [24] Question: Potential for stock buybacks - Management stated that buybacks are one of the options being evaluated, but no immediate changes are expected [25] Question: Reactivation of idled fleet - Management emphasized the need for better pricing and steady customer activity before reactivating the fleet [39] Question: M&A strategy and market conditions - Management agreed that there is less competition for traditional oilfield services companies and emphasized a patient approach to M&A [42] Question: Updated wireline accounting treatment - Management explained the change was due to evolving business needs and a more accurate reflection of cable usage [51] Question: Growth potential in Thru Tubing Solutions - Management noted a reduced international presence but expressed hope for growth in the Middle East through technology deployment [57] Question: Current state of the pressure pumping market - Management reported no dramatic changes yet but is focused on maintaining discipline in pricing and operations [61]

RPC (NYSE:RES) Q4 2025 Earnings call February 03, 2026 09:00 AM ET Speaker6Good morning, and thank you for joining us for RPC Inc.'s fourth quarter 2025 earnings conference call. Today's call will be hosted by Ben Palmer, President and CEO, and Mike Schmidt, Chief Financial Officer. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question and answer session. Instructions will be provided at that time for you to queue up for questions. I would like to a ...

分组1 - RPC reported quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.07 per share, and down from $0.06 per share a year ago, representing an earnings surprise of -42.86% [1] - The company posted revenues of $425.78 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.18%, and up from $335.36 million year-over-year [2] - RPC has topped consensus revenue estimates four times over the last four quarters, while it has surpassed consensus EPS estimates just once [2] 分组2 - RPC shares have increased approximately 21.7% since the beginning of the year, compared to the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the coming quarter is $0.06 on $429 million in revenues, and $0.28 on $1.73 billion in revenues for the current fiscal year [7] - The Zacks Industry Rank for Oil and Gas - Field Services is currently in the top 31% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Revenues for Q4 2025 were $425.8 million, a decrease of 5% sequentially and an increase of 15% year-over-year to $1.6 billion, primarily due to the Pintail Completions acquisition[6][8] - Net loss for Q4 2025 was $3.1 million, with a loss per share of $0.02, compared to net income of $13.0 million and EPS of $0.06 in Q3 2025[6][12] - Adjusted net income for Q4 2025 was $9.4 million, down from $16.8 million in Q3 2025, with adjusted diluted EPS of $0.04[6][13] - Adjusted EBITDA for Q4 2025 was $55.1 million, down from $67.8 million in Q3 2025, with an adjusted EBITDA margin of 12.9%[6][13] - Net loss for the three months ended December 31, 2025, was $(3,061) thousand, compared to net income of $12,762 thousand in the same period of 2024[24] - Adjusted operating income for the year ended December 31, 2025, was $65,044 thousand, while operating income was $44,732 thousand[31] - Net loss for Q4 2025 was $3.061 million, compared to a net income of $12.963 million in Q3 2025 and $12.762 million in Q4 2024[32] - Adjusted net income for Q4 2025 was $9.373 million, down from $16.818 million in Q3 2025 and $12.762 million in Q4 2024[32] - Total revenues for Q4 2025 were $425.777 million, compared to $447.103 million in Q3 2025 and $335.361 million in Q4 2024[38] - Adjusted EBITDA for Q4 2025 was $55.103 million, while Q3 2025 reported $67.802 million[38] - Free cash flow for the year ended December 31, 2025, was $52.924 million, down from $129.456 million in 2024[41] Operational Metrics - The Technical Services segment saw a 4% sequential revenue decline, while the Support Services segment experienced an 18% sequential decrease[6][8] - The average U.S. rig count increased by 1.5% to 548 in Q4 2025, but was down 6.5% compared to Q4 2024[7] - The average oil price per barrel decreased by 9.2% to $59.79 in Q4 2025, down 15.3% from $70.59 in Q4 2024[7] Cash Flow and Capital Management - Net cash from operating activities was $201.3 million, with free cash flow of $52.9 million for the year[14] - The company paid $35.1 million in dividends and repurchased $2.9 million of common stock in 2025[15] - Net cash provided by operating activities for the year ended December 31, 2025, was $201,331 thousand, a decrease from $349,386 thousand in 2024[27] - Capital expenditures for the year ended December 31, 2025, were $(148,407) thousand, compared to $(219,930) thousand in 2024[27] Balance Sheet Highlights - Total assets increased to $1,468,385 thousand as of December 31, 2025, from $1,386,489 thousand as of December 31, 2024[26] - Cash and cash equivalents decreased to $209,974 thousand at the end of 2025, down from $325,975 thousand at the end of 2024[27] - The company reported an increase in accounts receivable to $327,668 thousand as of December 31, 2025, from $276,577 thousand as of December 31, 2024[26] - Total stockholders' equity increased to $1,099,171 thousand as of December 31, 2025, from $1,078,291 thousand as of December 31, 2024[26] Management Commentary - Management emphasized a focus on disciplined execution and strategic capital deployment in a challenging macro environment[7][22] Other Expenses - The company incurred acquisition-related employment costs of $20,312 thousand for the year ended December 31, 2025[24] - The company incurred wireline cable expenses totaling approximately $13.8 million for the year, impacting operating income by an additional $8.3 million[39]

Core Insights - RPC, Inc. reported a net loss of $3.1 million for Q4 2025, a significant decline from a net income of $13.0 million in Q3 2025, reflecting a challenging macro environment and reduced customer activity [6][11][14] - The company's total revenues for Q4 2025 were $425.8 million, down 5% sequentially, with notable declines in both Technical Services and Support Services segments [8][11][20] - For the full year 2025, RPC's revenues increased by 15% year-over-year to $1.6 billion, primarily due to the acquisition of Pintail Completions [11][12] Financial Performance - Q4 2025 revenues were $425.8 million, a decrease of 5% from Q3 2025, with Technical Services down 4% and Support Services down 18% [8][20] - The cost of revenues increased slightly to $336.6 million, attributed to expensing wireline cable purchases previously capitalized [9][11] - Selling, general and administrative expenses rose to $47.7 million, up from $44.6 million, mainly due to higher employment-related costs [10][11] Segment Analysis - In the Technical Services segment, revenues decreased by 4%, with Thru Tubing Solutions downhole tools declining by 9% due to reduced activity in certain regions [6][8] - The Support Services segment experienced an 18% sequential revenue decline, primarily due to a 22% drop in rental tools [6][20] - RPC's focus remains on disciplined execution and leveraging its diversified offerings to navigate the challenging market conditions [6][11] Industry Context - The average U.S. rig count increased to 548 in Q4 2025, up 1.5% from Q3 2025, but down 6.5% year-over-year [7] - Crude oil prices averaged $59.79 per barrel in Q4 2025, a decline of 9.2% from Q3 2025 and 15.3% from Q4 2024 [7] - Natural gas prices rose to $3.69 per Mcf, reflecting a 21.4% increase from the previous quarter and a 51.9% increase year-over-year [7]

RPC, Inc.'s investment reflects the growing recognition that positioning technology and job site automation are essential to the future of construction. "RPC, Inc.'s investment is a strong endorsement of the work our TSS team does to support contractors as they adopt digital workflows, automation tools, and advanced positioning technologies,†said Murray Lodge, executive vice president of construction for Topcon. "The construction industry is changing rapidly, and this investment strengthens the push toward ...

RPC (RES) shares ended the last trading session 5.5% higher at $6.7. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16.7% gain over the past four weeks.RPC’s shares rallied in the last trading session, driven by optimism around sustained strength in oil and gas activity. Although oil prices have moderated, they remain at favorable levels that are economically attractive for exploration and production companies. Th ...