Rpc Inc Stock Price, News & Analysis

RPC, Inc. (NYSE: RES) will release its financial results for Q4 and the year ended December 31, 2022, on January 25, 2023, before market open. A conference call to discuss these results will take place the same day at 9:00 a.m. Eastern Time. Interested participants can join via a toll-free number or through a webcast available on RPC's investor website. RPC provides specialized oilfield services to oil and gas companies across the U.S. and selected international markets.

RPC, Inc. (NYSE: RES) has appointed Timothy C. Rollins to its Board of Directors, effective October 31, 2022. Rollins, with a B.S. from Boston University, is Vice President of Rollins Investment Corporation and a trustee at Emory University. His previous board experience includes serving as a director at Marine Products Corporation since 2016. Chairman Richard A. Hubbell anticipates Rollins' contributions will enhance the board's effectiveness as RPC continues to provide specialized oilfield services across the United States and select international markets.

RPC, Inc. (NYSE: RES) has declared a quarterly cash dividend of $0.02 per share, scheduled for payment on December 9, 2022. This dividend is for common stockholders on record as of November 10, 2022. RPC provides specialized oilfield services to both independent and major oilfield companies across the U.S. and selected international markets, highlighting its extensive reach in the oil and gas sector.

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.