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RPC Inc (RES)
NYSE:RES
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.13Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -4.08%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted improvements in pressure pumping revenues and successful new product launches, along with strong cash flow and financial position. However, overall revenue declined slightly, and there were increased costs and margin pressures. The sentiment is balanced, with notable achievements countered by ongoing challenges and cost pressures.Company Guidance
During RPC, Inc.'s fourth-quarter and year-end 2024 conference call, the company provided specific guidance and insights into its performance and strategic outlook. Pressure pumping revenues increased by 3% sequentially, although they were down 24% year-over-year. Non-pumping services showed a 3% decline sequentially but only a 2% decrease year-over-year. The company reported fourth-quarter revenues of $335 million, marking a 1% decrease from the previous quarter, with Technical Services accounting for 94% of these revenues. EBITDA for the fourth quarter was $46.1 million, with a margin of 13.7%. The company maintained $326 million in cash and no debt. For 2025, RPC anticipates capital expenditures between $150 million and $200 million, excluding the addition of a new Tier 4 DGB fleet, while continuing to explore M&A opportunities to enhance growth and diversify its service lines.Pressure Pumping Revenue Improvement
Pressure pumping generated higher revenues in Q4, up 3% sequentially, showing signs of improvement after a difficult Q3.
Non-pressure Pumping Service Lines
Coiled tubing was up by low double-digits, and cementing increased with strong revenues and operational execution.
New Product Launch Success
The recently launched 3.5-inch downhole motor and unplug system are gaining traction, with the unplug system completing hundreds of stages in full commercial deployment.
Strong Cash Flow and Financial Position
Operating cash flow of $94.2 million for Q4, free cash flow of $53.7 million, and a strong balance sheet with $326 million in cash and no debt at year-end.
Capital Returns to Investors
Paid $8.6 million in dividends in Q4, totaling over $34 million for 2024, along with nearly $10 million in stock repurchases.
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RES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $6.38 | $6.13 | -3.92% |
| Oct 24, 2024 | $6.21 | $5.92 | -4.67% |
| Jul 25, 2024 | $5.66 | $6.80 | +20.14% |
| Apr 25, 2024 | $7.72 | $7.17 | -7.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does RPC Inc (RES) report earnings?
RPC Inc (RES) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is RPC Inc (RES) earnings time?
RPC Inc (RES) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RES EPS forecast?
RES EPS forecast for the fiscal quarter 2025 (Q1) is 0.05.
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