RPC Inc. (RES) reported second-quarter 2024 adjusted earnings of 15 cents per share, which beat the Zacks Consensus Estimate of 13 cents. The bottom line declined from the year-ago quarter's figure of 30 cents. Total quarterly revenues were $364.2 million, down from the year-ago quarter's $415.9 million. The top line also missed the Zacks Consensus Estimate of $386 million. Operating profit in the Technical Services segment totaled $30.2 million, lower than the year-ago quarter's $77 million. The results we ...

RPC, Inc. (NYSE:RES) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Ben Palmer - Director, President and Chief Executive Officer Michael Schmit - Vice President, Chief Financial Officer, Treasurer and Corporate Secretary Stephen Gengaro - Stifel John Daniel - Daniel Energy Partners Charles Minervino - Susquehanna Good morning, and thank you for joining us for RPC, Inc. Second Quarter 2024 Conference Call. Today's call will be hosted by Ben Palmer, President and CEO; and Mike Schmit, Chief Financi ...

RPC (RES) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings ...

Exhibit 99.1 ATLANTA, July 25, 2024 - RPC, Inc. (NYSE: RES) ("RPC" or "the Company"), a leading diversified oilfield services company, announced its unaudited results for the second quarter ended June 30, 2024. ● Revenues decreased 4% sequentially to $364.2 million ● Net income was $32.4 million, up 18% sequentially, and diluted Earnings Per Share (EPS) was $0.15; net income margin increased 160 basis points sequentially to 8.9% ● Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBIT ...

RPC Inc (RES) is set to report second-quarter 2024 earnings on Jul 25, before the opening bell. Estimate Trend The Zacks Consensus Estimate for second-quarter revenues of $385.7 million indicates a 7.3% decline from the year-ago reported figure. According to the U.S. Energy Information Administration, the average spot prices for West Texas Intermediate crude at Cushing, OK, were $85.35 per barrel in April, $80.02 in May and $79.77 in June. This indicates that the crude pricing environment in the second quar ...

For information about RPC, Inc. or this event, please contact: ATLANTA, July 10, 2024 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Thursday, July 25, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, July 25, 2024 at 9:00 a.m. Eastern Time. Mark Chekanow, CFA Vice President, Investo ...

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Mike Schmit - CFO Ben Palmer - President and CEO Stephen Gengaro - Stifel Don Crist - Johnson Rice Sean Mitchell - Daniel Energy Chuck Minervino - Susquehanna I will now turn the call over to Mr. Schmit. In today's earnings release and conference call, we'll be referring to several non-GAAP measures of operating performance and liquidity. We believe these non-GAAP measures allow us to compare performance consistently over various periods. Our press release issued today and our website contain reconciliation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 Commission File No. 1-8726 RPC, INC. Delaware (State of Incorporation) 58-1550825 (I.R.S. Employer Identification No.) 2801 BUFORD HIGHWAY NE, SUITE 300 ATLANTA, GEORGIA 30329 (404) 321-2140 Securi ...

Conference Call Participants Thank you, and good morning. Before we begin, I want to remind you that some of the statements that will be made on this call could be forward-looking in nature and reflect a number of known and unknown risks. Please refer to our press release issued today, along with our 2022 10-K and other public filings that outline those risks, all of which can be found on RPCÂ's website at www.rpc.net. While the fourth quarter financial results did show a substantial improvement from a very ...