RPC, Inc. reports Q4 EPS 6c, consensus 7c

Reports Q4 revenue $335.36M, consensus $329.08M. “We finished 2024 with a slight sequential improvement in pressure pumping results, while the rest of the business was generally soft, reflecting typically lower fourth quarter customer activity,” stated Ben M. Palmer, RPC’s president and CEO. “The improved utilization of our pressure pumping assets, off a weak third quarter, was driven by tier 4 dual fuel asset demand. While there is some general energy sector optimism regarding the new presidential administration, the oilfield services industry remains highly competitive.”