RPC Inc ( (RES) ) has released its Q2 earnings. Here is a breakdown of the information RPC Inc presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
RPC Inc., a diversified oilfield services company, provides specialized services and equipment to oil and gas companies primarily in the United States. The company operates in various regions, including the Gulf of Mexico and the Permian Basin, and is known for its diverse portfolio and strong customer base.
In its second quarter of 2025 financial results, RPC Inc. reported a significant revenue increase of 26% sequentially, reaching $420.8 million, largely due to the acquisition of Pintail Completions. Despite this growth, the company experienced a decline in net income, which fell by 16% to $10.1 million, with a diluted EPS of $0.05.
Key highlights from the quarter include a 34% rise in adjusted EBITDA to $65.6 million, driven by the Pintail acquisition. The company’s Technical Services segment saw a 27% revenue increase, while the Support Services segment reported a 14% rise. However, pressure pumping services faced challenges due to weaker activity and pricing pressures.
Looking ahead, RPC Inc. remains focused on efficiency improvements and strategic investments to navigate the challenging oilfield services market. The management emphasizes resilience through its diversified service lines and customer base, aiming to maintain disciplined operations and focus on long-term returns.