RPC, Inc. (NYSE:RES) Q1 2020 Earnings Conference Call May 6, 2020 9:00 AM ET Company Participants Jim Landers - Vice President, Corporate Finance Rick Hubbell - President and Chief Executive Officer Ben Palmer - Chief Financial Officer Conference Call Participants Cameron Lochridge - Stephens Incorporated George O'Leary - TPH & Company Connor Lynagh - Morgan Stanley Dylan Glosser - Simmons Energy Blake Gendron - Wolfe Research Stephen Gengaro - Stifel Operator Good morning and thank you for joining us for R ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ☐ For the quarterly period ended March 31, 2020 Commission File No. 1-8726 RPC, INC. (Exact name of registrant as specified in its charter) Delaware 58-1550825 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 2801 Buford Highway, Suite 300, Atlanta, Georgia 30329 Regi ...

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, 2019 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 | Secu ...

RPC, Inc. (NYSE:RES) Q4 2019 Earnings Conference Call January 29, 2020 9:00 AM ET Company Participants Jim Landers – Vice President-Corporate Finance Rick Hubbell – President and Chief Executive Officer Ben Palmer – Chief Financial Officer Conference Call Participants Tommy Moll – Stephens Inc. Connor Lynagh – Morgan Stanley Ian McPherson – Simmons Marc Bianchi – Cowen Stephen Gengaro – Stifel Waqar Syed – AltaCorp Capital Chris Voie – Wells Fargo George O’Leary – TPH & Co Vebs Vaishnav – Scotiabank Operato ...

Financial Performance - RPC's revenues decreased by 18% sequentially and 33% year-over-year, reaching $293.24 million in Q3 2019[15] - Adjusted EBITDA decreased by 56% sequentially and 77% year-over-year, totaling $22.775 million in Q3 2019[15] - The company reported an adjusted net loss of $17.978 million in Q3 2019, compared to an adjusted net income of $6.171 million in Q2 2019 and $49.967 million in Q3 2018[15] - Adjusted net loss per share was $0.08 in Q3 2019, compared to an adjusted net income per share of $0.03 in Q2 2019 and $0.23 in Q3 2018[15] Strategic Actions - RPC announced the retirement of 400,000 pressure pumping horsepower and the closure of several pressure-pumping related locations[15] - The company is aligning its cost structure to current and expected activity levels by closing locations and cutting costs[23] - RPC is upgrading its pressure pumping fleet by integrating an additional 100,000 HP of high-capacity pumps and retiring older horsepower[23] Market and Operational Context - Pressure pumping revenues declined due to low utilization and job mix[15] - The company recorded impairment and other charges of $71.7 million during the quarter[15] - Increased frac fleet efficiency is slowing the process of rationalizing oversupply[18] Capital Stewardship - Operating cash flow exceeded capital expenditures by $1 billion during the period from 2006 to Q3 2019[27] - RPC has returned $1 billion to shareholders since 1997[27]

Financial Performance - Revenues for the third quarter of 2019 were $293.2 million, a decrease of $146.8 million or 33.4% compared to the same period in 2018[92]. - Domestic revenues decreased by 33.9% to $275.9 million, while international revenues fell by 23.6% to $17.3 million[112]. - Loss before income taxes was $93.4 million for Q3 2019, compared to income of $55.5 million in Q3 2018[96]. - Revenues for the nine months ended September 30, 2019, were $986.4 million, a decrease of 26.6% compared to the same period in 2018, driven by lower pricing and activity levels[125]. Cost and Expenses - Cost of revenues as a percentage of revenues increased to 76.8% in Q3 2019 from 68.4% in Q3 2018, reflecting lower revenues and competitive pricing[110]. - Selling, general and administrative expenses rose to $42.6 million, or 14.5% of revenues, compared to 9.5% in the same quarter of 2018[94]. - Selling, general and administrative expenses increased to $131.3 million for the nine months ended September 30, 2019, up from $128.1 million in the same period in 2018, representing 13.3% of revenues[129]. - Cost of revenues decreased by 25.2% to $225.2 million in Q3 2019, but as a percentage of revenues, it increased to 14.5% due to lower revenues and competitive pricing[117][118]. Impairment and Charges - The company recorded impairment and other charges of $71.7 million, primarily due to location closures and equipment retirements[95]. - Impairment and other charges amounted to $71.7 million in Q3 2019, primarily related to asset abandonment and severance costs, with no impairment charges recorded in Q3 2018[120]. Market Conditions - Average oil price per barrel was $56.39, down 19.1% from $69.73 in the same period last year[110]. - Average natural gas price was $2.38 per thousand cubic feet, an 18.8% decrease from $2.93 in Q3 2018[110]. - Average price of natural gas decreased by 12.0% and oil by 14.9% during the nine months ended September 30, 2019, compared to the same period in 2018[126]. - The U.S. domestic rig count decreased by approximately 11% compared to the end of 2018, indicating a decline in drilling activity[100]. Capital Expenditures - Capital expenditures for 2019 are expected to be approximately $260 million, focused on new revenue-producing equipment and maintenance[97]. - The company expects capital expenditures of approximately $260 million for 2019, with $209.3 million spent as of September 30, 2019[145]. - The Company expects capital expenditures to be approximately $260 million in 2019, primarily directed towards new revenue-producing equipment and capitalized maintenance[161]. Future Outlook - The Company believes that U.S. oilfield well completion activity will decline during the near term, impacting demand for its services[161]. - The Company anticipates that customers will reduce drilling and completion activity in Q4 2019, leading to negative consequences for pricing and utilization of its services[161]. Cash and Financial Position - Cash and cash equivalents as of September 30, 2019, were $49.5 million, with net cash provided by operating activities decreasing by $152.2 million compared to the prior year[138]. - The Company does not have any material off-balance sheet arrangements, indicating a stable financial position[151]. Corporate Governance - The Company maintains effective disclosure controls and procedures, ensuring timely and accurate reporting of required information[168]. - The Company has not identified any changes in internal control over financial reporting that materially affect its operations during the most recent fiscal quarter[169]. Dividends and Related Party Transactions - The company has suspended dividends to common stockholders as of July 22, 2019, with no timetable for resumption[149]. - Total amounts paid to affiliated parties were $1,068,000 for the nine months ended September 30, 2019, up from $911,000 for the same period in 2018, reflecting a 17.2% increase[154]. - Charges for services and rent from Rollins, Inc. amounted to $86,000 for the nine months ended September 30, 2019, down from $110,000 for the same period in 2018, a decrease of 21.8%[155].

RPC, Inc. (NYSE:RES) Q3 2019 Results Earnings Conference Call October 23, 2019 9:00 AM ET Company Participants Rick Hubbell - President and CEO Ben Palmer - Chief Financial Officer Jim Landers - Vice President, Corporate Finance Conference Call Participants Praveen Narra - Raymond James Stephen Gengaro - Stifel Chase Mulvehill - Bank of America Marc Bianchi - Cowen Scott Gruber - Citigroup Chris Voie - Wells Fargo Vebs Vaishnov - Howard Weil Connor Lynagh - Morgan Stanley Waqar Syed - AltaCorp Capital Georg ...

RES LISTED NYSE | --- | --- | |-------|---------------------------| | | | | | | | | Power Conference New York | | | September 4, 2019 | | | | Jim Landers – Vice President Corporate Finance Forward-Looking Statement Disclosure 2 Certain statements and information included in this presentation constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including all statements that look forward in time or express management's beliefs, expectations or hop ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Delaware 58-1550825 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 2801 Buford Highway, Suite 300, Atlanta, Georgia 30329 (Address of principal executive offices) (Zip code) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ☐ For the quarterly period ended June ...

Call Start: 09:00 January 1, 0000 10:09 AM ET RPC, Inc. (NYSE:RES) Q2 2019 Earnings Conference Call July 24, 2019, 09:00 ET Company Participants James Landers - VP, Corporate Finance Richard Hubbell - CEO, President & Director Ben Palmer - VP, CFO, Treasurer & Corporate Secretary Conference Call Participants Bradley Handler - Jefferies Praveen Narra - Raymond James & Associates Chase Mulvehill - Bank of America Merrill Lynch Thomas Moll - Stephens Inc. Marc Bianchi - Cowen and Company Vaibhav Vaishnav - Sco ...