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) is an oilfield services company that regularly issues detailed updates on its financial and operating performance. The news flow around RPC centers on quarterly and annual earnings releases, conference call announcements, acquisition activity and board-level developments, all of which are relevant to investors tracking the support activities for oil and gas operations sector.
In its earnings releases, RPC reports revenues, operating income, net income and margins, along with segment performance for Technical Services and Support Services. The company discusses trends in key service lines such as pressure pumping, downhole tools, wireline, coiled tubing, cementing and rental tools, and comments on how factors like commodity prices, rig counts and customer activity influence results. These releases often include non-GAAP measures such as EBITDA, adjusted EBITDA, adjusted net income and free cash flow, with reconciliations provided in accompanying tables.
News items also cover strategic moves, including RPC’s acquisition of Pintail Completions, a wireline services provider in the Permian Basin, and related commentary on how this transaction fits into the company’s diversified oilfield services platform. Governance-related news, such as the appointment of an independent director to the Board, appears in both press releases and Form 8-K filings.
Investors and industry observers can use the RES news stream to follow quarterly results, dividend declarations, capital allocation decisions, acquisition announcements and changes in board composition. Bookmarking this page provides a centralized view of RPC’s public communications and helps contextualize the company’s performance within broader oilfield services market conditions as described in its own disclosures.
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.
RPC, Inc. (NYSE: RES) reported Q4 2020 revenues of $148.6 million, down 37.0% from Q4 2019. The company faced an operating loss of $21.6 million but narrowed losses compared to the previous year. Net loss was $10.2 million ($0.05 per share), improving from $23.4 million in Q4 2019. For 2020, revenues totaled $598.3 million, down from $1.22 billion. EBITDA was negative $2.5 million for Q4. Despite challenges, RPC ended 2020 with $84.5 million in cash, indicating improved liquidity.
RPC, Inc. (NYSE: RES) will release its fourth-quarter financial results for the period ending December 31, 2020, on January 27, 2021, before market opening. A conference call to discuss the results will occur at 9:00 a.m. Eastern Time on the same day. Interested participants can join via phone or listen to the archived broadcast on the Company's investor website. RPC provides a wide range of oilfield services and equipment primarily within the U.S. and selected international markets.
RPC, Inc. (NYSE: RES) announced the appointment of Patrick J. Gunning to its Board of Directors, effective January 1, 2021. Gunning, who previously served as Chief Financial Officer at the Robert W. Woodruff Arts Center and held multiple leadership roles at Ernst & Young LLP, brings over 40 years of extensive financial experience. He will fill the board position left by James B. Williams, who is retiring after 36 years. President Richard A. Hubbell expressed confidence in Gunning's ability to provide valuable strategic insights.
RPC, Inc. (NYSE: RES) announced the appointment of Susan Bell to its Board of Directors, effective January 1, 2021. Bell had a 36-year career at Ernst and Young LLP, where she held significant leadership roles, including audit and advisory partner. Her extensive experience in financial expertise and governance is expected to enhance RPC's strategic direction. She replaces Bill J. Dismuke, who retired after 15 years. CEO Richard A. Hubbell expressed confidence in Bell's ability to contribute significantly to the Board's objectives.