Rpc Inc Stock Price, News & Analysis

RPC, Inc. (NYSE: RES) reported significant financial growth for Q3 2022, with revenues of $459.6 million, up 22.4% from Q2 2022 and 104% year-over-year. Net income surged to $69.3 million or $0.32 EPS, compared to $46.9 million or $0.22 EPS in the previous quarter. EBITDA rose 40.3% to $113 million. Cost of revenues decreased as a percentage of revenues, reflecting improved pricing and higher activity. RPC anticipates strong demand into early 2023 despite potential seasonal slowdowns.

RPC, Inc. (NYSE: RES) will release its financial results for Q3 2022 on October 26, 2022, before market opens. A conference call to discuss these results will take place on the same day at 9:00 a.m. Eastern Time. Participants can join by dialing (888) 440-5966 or (646) 960-0125 for international calls, using conference ID 9842359. The call will also be broadcast and archived on RPC's investor website. The company specializes in providing oilfield services and equipment primarily within the United States and selected international markets.

RPC, Inc. (NYSE: RES) reported robust financial results for Q2 2022, with revenues of $375.5 million, a 31.9% increase from Q1 2022, driven by heightened customer activity and improved pricing. Net income surged to $46.9 million or $0.22 per share, up from $15.1 million in the previous quarter. EBITDA reached $80.6 million, an 87.4% increase quarter-over-quarter. The company reinstated a quarterly dividend of $0.02 per share. Management remains optimistic about continued demand and operational strength in the upcoming quarters.

RPC, Inc. (NYSE: RES) has reinstated a quarterly cash dividend of $0.02 per share, payable on September 9, 2022, to shareholders on record as of August 10, 2022. This marks the company's first cash dividend since 2019. President and CEO Ben M. Palmer expressed confidence in the recovering U.S. oilfield services sector, reflecting RPC's ability to generate strong financial results. The dividend aims to enhance shareholder value and is a sign of the company's commitment to returning capital to investors.

RPC, Inc. (NYSE: RES) will release its financial results for Q2 2022 on July 27, 2022, before market opening. The results will be followed by a conference call at 9:00 a.m. ET on the same day, where the company will discuss its financials and operations. Investors can listen by dialing 888-440-5966 (toll-free) or 646-960-0125 (international), using conference ID 9842359. The call will also be available for 90 days on the company’s investor website.

RPC, Inc. (NYSE: RES) has announced significant changes in its leadership team effective immediately. Richard A. Hubbell transitions from CEO to Executive Chairman, while Ben M. Palmer is promoted from CFO to CEO. Michael L. Schmit is appointed as CFO and Corporate Secretary. Hubbell emphasizes the aim for management continuity and strategic focus as the company enters a favorable energy cycle. With Palmer's extensive experience and Schmit's finance background, RPC aims to uphold strong, shareholder-friendly capital management in a volatile oil sector.

RPC, Inc. (NYSE: RES) reported a strong financial performance for Q1 2022, with revenues reaching $284.6 million, a 55.9% increase from Q1 2021. The company experienced an operating profit of $23 million compared to an operating loss of $10.5 million in the prior year, and net income of $15.1 million, or $0.07 earnings per share. Cost of revenues decreased as a percentage of revenues, driven by improved pricing and higher utilization. The firm also noted robust market dynamics and increased customer demand following geopolitical events affecting energy prices.

RPC, Inc. (NYSE: RES) announced the appointment of John F. Wilson to its Board of Directors, effective April 26, 2022. Wilson, currently the Vice Chairman of Rollins, Inc., brings extensive operational and leadership experience, having previously served as President and COO of Rollins and as President of Orkin. His strategic insights are expected to enhance RPC's direction, as stated by CEO Richard A. Hubbell. RPC offers specialized oilfield services across major oil and gas regions in the U.S. and selected international markets.

RPC, Inc. (NYSE: RES) will release its financial results for Q1 2022 on April 27, 2022, before the market opens. A conference call to discuss the results will take place at 9:00 a.m. Eastern Time on the same day. This meeting will provide insights into the company’s financial performance and operational updates. Investors can participate by dialing specific numbers, and the call will also be available for streaming on RPC's investor website. RPC offers a range of specialized oilfield services primarily to oil and gas companies in the U.S. and select international markets.