RPC, Inc. reports Q1 EPS 6c, consensus 5c

Reports Q1 revenue $332.88M, consensus $326.71M. “The first quarter was an encouraging start to the year across most of our service lines, and we were able to close on a significant acquisition to grow our business,” stated Ben M. Palmer, RPC’s president and CEO. “Our acquisition of Pintail Completions brings a scaled and high-quality company into our portfolio. Pintail’s strong Permian operations are driven by a blue chip customer base and a highly regarded management team. We are excited for our combined prospects to bring world-class well completion services to our customers and continue to build RPC’s diversified oilfield services model.”