RPC Inc. Reports Q1 2025 Results and Strategic Acquisition

RPC Inc ( (RES) ) has released its Q1 earnings. Here is a breakdown of the information RPC Inc presented to its investors.

RPC, Inc., a diversified oilfield services company, provides specialized services and equipment to oil and gas companies across the United States and selected international markets. In its first quarter of 2025 earnings report, RPC, Inc. announced a slight decrease in revenues and net income compared to the previous quarter, alongside a significant acquisition of Pintail Completions, a leading wireline perforation service provider.

The company’s revenues for the first quarter were reported at $332.9 million, marking a 1% sequential decline. Net income also saw a decrease of 6% to $12 million, attributed to a higher effective tax rate. However, RPC, Inc. achieved a 6% increase in EBITDA to $48.9 million, with an improved EBITDA margin of 14.7%. The acquisition of Pintail Completions, effective April 1, 2025, is expected to enhance RPC’s service offerings, particularly in the Permian Basin, with Pintail having generated over $400 million in revenues in 2024.

Despite the challenging oilfield services market, RPC, Inc. reported stable revenues across most service lines, with pressure pumping revenues remaining flat. The company continues to focus on cost control measures, which contributed to improved operating income. Additionally, RPC’s balance sheet remains strong with $326.7 million in cash and no outstanding borrowings under its credit facility, although the recent acquisition will impact future cash balances.

Looking forward, RPC, Inc. remains cautiously optimistic about its business prospects, particularly with the integration of Pintail Completions. The company acknowledges the uncertainty in the oilfield services market due to fluctuating commodity prices and macroeconomic concerns but is committed to maintaining financial flexibility and driving cash flow.