Welcome to our dedicated page for Rpc news (Ticker: RES), a resource for investors and traders seeking the latest updates and insights on Rpc stock.
RPC Inc (NYSE: RES) provides essential oilfield services and equipment solutions for energy producers worldwide. This news hub offers investors and industry professionals direct access to official company announcements, operational updates, and strategic developments.
Track RES's latest press releases including quarterly earnings, technology deployments, and service expansions. Our curated collection features updates across both Technical Services (pressure pumping, downhole tools) and Support Services divisions (equipment rentals, operational consulting).
Discover timely information on RES's market positioning, including partnership announcements, fleet modernization initiatives, and responses to energy sector trends. Content is organized chronologically for quick reference, with clear dating and sourcing for all materials.
Bookmark this page for streamlined access to RES's corporate communications. Combine these updates with SEC filings and market analysis for complete due diligence. Verify publication dates and consult multiple sources when making investment decisions.
RPC, Inc. (NYSE: RES) reported its Q2 2024 financial results, showing resilience despite challenges in pressure pumping. Key highlights include:
- Revenues decreased 4% sequentially to $364.2 million
- Net income increased 18% to $32.4 million, with EPS of $0.15
- Adjusted EBITDA rose 9% to $68.5 million, with margin improving to 18.8%
- The company remained debt-free with over $260 million in cash
- A quarterly dividend of $0.04 per share was declared
Performance varied across service lines, with pressure pumping facing headwinds while downhole tools, cementing, rental tools, and coiled tubing showed growth. Management expressed optimism about new product launches and strategic investments to enhance the company's competitive position.
RPC announced the release of its financial results for the second quarter of 2024 on July 25, 2024, before the market opens. The results cover the period ending June 30, 2024. Alongside the release, RPC will host a conference call to discuss its financial and operational performance at 9:00 a.m. Eastern Time on the same day.
Participants can dial toll-free at (888) 440-5966 or (646) 960-0125 for international callers, using conference ID 9842359. Additionally, the call will be webcast and archived for 90 days on RPC's investor website.
RPC Inc. provides specialized oilfield services and equipment to various oilfield companies across the United States and selected international markets. For further inquiries, contact CFO Michael L. Schmit or Vice President of Investor Relations Mark Chekanow, CFA.
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