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RPC, Inc., together with its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing services that are used in the completion, production, and maintenance of wells, as well as well control training. The Support Services segment provides a range of rental tools drill pipe and related tools, as well as pipe handling, pipe inspection and storage services. It rents its tools for use with onshore and offshore oil and gas well drilling, completion, and workover activities. It operates in Africa, Canada, Argentina, Mexico, Latin America, and the Middle East. The company was incorporated in 1984 and is headquartered in Atlanta, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.6B | $221M | $32M | $53M | 2.9% | 15.0% | -64.9% |
| 2024 | $1.4B | $246M | $91M | $129M | 8.5% | -12.5% | -53.1% |
| 2023 | $1.6B | $365M | $195M | $214M | 19.1% | 1.0% | -10.6% |
| 2022 | $1.6B | $373M | $218M | $62M | 25.5% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,601.76 | 1,617.47 | 1,415 | 1,626.57 |
| Operating Revenue | - | 1,601.76 | 1,617.47 | 1,415 | 1,626.57 |
| Cost Of Revenue | - | 1,171.13 | 1,197.64 | 1,169.22 | 1,394.08 |
| Gross Profit | - | 430.63 | 419.83 | 245.78 | 232.49 |
| Operating Expense | - | 148.57 | 165.94 | 156.44 | 175.64 |
| Selling General And Administration | - | 148.57 | 165.94 | 156.44 | 175.64 |
| Total Expenses | - | 1,319.70 | 1,363.58 | 1,325.66 | 1,569.71 |
| Operating Income | - | 282.06 | 253.89 | 89.34 | 56.85 |
| Total Operating Income As Reported | - | 287.94 | 244.95 | 97.54 | 44.73 |
| EBITDA | - | 373.26 | 364.71 | 246.10 | 220.77 |
| Normalized EBITDA | - | 367.38 | 373.65 | 237.90 | 232.89 |
| EBIT | - | 290.25 | 256.58 | 113.53 | 59.58 |
| Interest Income | - | 1.17 | 8.60 | 13.13 | 8.41 |
| Interest Expense | - | 0.61 | 0.34 | 0.72 | 3.03 |
| Net Interest Income | - | 0.56 | 8.26 | 12.41 | 5.39 |
| Other Non Operating Income Expenses | - | 1.14 | 3.04 | 2.85 | 6.43 |
| Other Income Expense | - | 7.02 | -5.91 | 11.05 | -5.69 |
| Interest Income Non Operating | - | 1.17 | 8.60 | 13.13 | 8.41 |
| Interest Expense Non Operating | - | 0.61 | 0.34 | 0.72 | 3.03 |
| Net Non Operating Interest Income Expense | - | 0.56 | 8.26 | 12.41 | 5.39 |
| Pretax Income | - | 289.63 | 256.24 | 112.80 | 56.55 |
| Tax Provision | - | 71.27 | 61.13 | 21.36 | 24.47 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.45 | -2.14 | 1.55 | -2.55 |
| Net Income Continuous Operations | - | 218.36 | 195.11 | 91.44 | 32.08 |
| Net Income From Continuing And Discontinued Operation | - | 218.36 | 195.11 | 91.44 | 32.08 |
| Net Income From Continuing Operation Net Minority Interest | - | 218.36 | 195.11 | 91.44 | 32.08 |
| Net Income | - | 218.36 | 195.11 | 91.44 | 32.08 |
| Net Income Common Stockholders | - | 215.17 | 192.01 | 89.90 | 30.93 |
| Net Income Including Noncontrolling Interests | - | 218.36 | 195.11 | 91.44 | 32.08 |
| Normalized Income | - | 213.93 | 201.92 | 84.79 | 41.65 |
| Diluted NI Availto Com Stockholders | - | 215.17 | 192.01 | 89.90 | 30.93 |
| Basic Average Shares | - | 215.65 | 216.47 | 214.94 | 219.36 |
| Diluted Average Shares | - | 215.65 | 216.47 | 214.94 | 219.36 |
| Reconciled Depreciation | - | 83.02 | 108.12 | 132.57 | 161.19 |
| Reconciled Cost Of Revenue | - | 1,171.13 | 1,197.64 | 1,169.22 | 1,394.08 |
| Total Unusual Items | - | 5.88 | -8.94 | 8.20 | -12.12 |
| Total Unusual Items Excluding Goodwill | - | 5.88 | -8.94 | 8.20 | -12.12 |
| Special Income Charges | - | 5.88 | -8.94 | 8.20 | -12.12 |
| Other Special Charges | - | 2.92 | 18.29 | - | - |
| Write Off | 0 | 0 | - | - | - |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 0 | 20.31 |
| General And Administrative Expense | - | 148.57 | 165.94 | 156.44 | 175.64 |
| Other Gand A | - | 148.57 | 165.94 | 156.44 | 175.64 |
| Salaries And Wages | 0 | 2.92 | 18.29 | 0 | - |
| Gain On Sale Of Ppe | - | 8.80 | 9.34 | 8.20 | 8.19 |
| Otherunder Preferred Stock Dividend | - | 3.20 | 3.10 | 1.55 | 1.15 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| RPC, Inc.this co. | RES | $1.6B | 50.16↑ premium | 1.46 | 2.9% | 6.69 |
| Kosmos Energy Ltd. | KOS | $1.8B | -2.56 | 3.39 | -132.4% | 26.96 |
| Dorian LPG Ltd. | LPG | $1.7B | 8.95 | 1.52 | 17.0% | 7.24 |
| FLEX LNG Ltd. | FLNG | $1.6B | 21.41 | 2.23 | 10.4% | 12.30 |
| Borr Drilling Limited | BORR | $1.6B | 34.64 | 1.28 |
| - |
| - |
| - |
| 3.7% |
| 7.37 |
| World Kinect Corporation | WKC | $1.5B | -2.49 | 1.18 | -47.3% | -3.83 |
| Nabors Industries Ltd. | NBR | $1.5B | 5.22 | 2.53 | 48.5% | 2.18 |
| ProFrac Holding Corp. | ACDC | $1.5B | -3.95 | 2.03 | -51.4% | 14.04 |
| Helix Energy Solutions Group, Inc. | HLX | $1.4B | 46.49 | 0.91 | 2.0% | 7.70 |
| Peer Median | - | 7.08 | 1.78 | 2.8% | 7.54 | |