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. reports developments as a diversified oilfield services company serving oil and gas exploration, production and development customers. Its updates center on Technical Services and Support Services, including pressure pumping, pressure control, coiled tubing, snubbing, cementing, downhole tools, wireline, rental tools, pipe inspection and storage.
Recurring RES news includes quarterly financial results, segment and service-line activity, cash dividend declarations, conference-call notices and board governance changes. Company releases also describe activity across U.S. oilfield regions, including the Gulf of America, mid-continent, southwest, Appalachian and Rocky Mountain regions, and selected international markets.
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.
RPC reported a strong performance for Q4 2021, with revenues reaching $268.3 million, a remarkable 80.5% increase from $148.6 million in Q4 2020, driven by elevated customer activity and improved pricing. The company achieved a net income of $12.3 million or $0.06 per diluted share, compared to a loss of $10.2 million the previous year. For the full year, revenues climbed 44.6% to $864.9 million, with an annual net income of $7.2 million versus a loss of $212.2 million in 2020. Challenges include personnel and materials shortages, which may impact future profitability.
RPC, Inc. (NYSE: RES) will release its financial results for Q4 and the year ended December 31, 2021, on January 26, 2022, before the market opens. A conference call is scheduled for the same day at 9:00 a.m. Eastern Time, where the company will discuss its financial and operating results. Interested participants can join via a toll-free number or through the company's investor website, where the call will also be archived for 90 days. RPC provides specialized oilfield services and equipment primarily in the U.S. and select international markets.
RPC, Inc. (NYSE: RES) reported its Q3 2021 results, showing revenues of $225.3 million, a 93.3% increase from $116.6 million in Q3 2020, driven by higher service activity and improved pricing. The operating profit was $8.0 million compared to a loss of $31.8 million the previous year. Net income for the quarter was $5.3 million, or $0.02 per diluted share, compared to a net loss of $16.4 million in Q3 2020. EBITDA rose to $26.5 million from a negative $12.3 million year-over-year. Cost of revenues declined as a percentage of sales, reflecting enhanced operational efficiency.
RPC, Inc. (NYSE: RES) will release its third-quarter financial results for the period ending September 30, 2021, on October 27, 2021. The results will be disclosed before market opening. Following the release, a conference call is scheduled for the same day at 9:00 a.m. Eastern Time, where management will discuss financial and operational outcomes. Interested parties can join via telephone or access the call's webcast, which will be archived for 90 days on the company's investor website.
RPC, Inc. (NYSE: RES) reported a significant revenue increase to $188.8 million in Q2 2021, up 111.4% from Q2 2020. Operating loss narrowed to $1.2 million from $37.5 million the previous year. Net loss fell to $726,000 or $0.00 per share, compared to a loss of $25.1 million in Q2 2020. EBITDA was $17.3 million, a rebound from negative results last year. Despite operational delays affecting pressure pumping revenues, management anticipates increased activity in Q3 due to rising customer demand and commodity prices, while highlighting a cash balance of $121 million.
RPC, Inc. (NYSE: RES) will release its Q2 2021 financial results on July 28, 2021, prior to market opening. A conference call will follow at 9:00 a.m. ET to discuss performance details. Participants can join via toll-free numbers or listen online. RPC specializes in oilfield services and equipment for oil and gas operations across the United States and select international markets.
RPC, Inc. (NYSE: RES) reported a first quarter revenue of $182.6 million, reflecting a 25.1% decrease from the previous year. The operating loss narrowed to $10.5 million, compared to $218.7 million in Q1 2020, while the net loss decreased to $9.7 million or $0.05 loss per share. Despite a decline in revenues, EBITDA improved to $7.8 million from negative $179.7 million in Q1 2020. Management highlighted increased activity due to higher oil prices and noted ongoing efficiency improvements.
RPC, Inc. (NYSE: RES) will release its financial results for the first quarter ending March 31, 2021 on April 28, 2021, before the market opens. A conference call to discuss these results will also take place on the same day at 9:00 a.m. Eastern Time. Participants can join the call by dialing (833) 579-0910 or (778) 560-2620 for international callers, using conference ID 3471295. The call will be archived for 90 days on the company's investor website.