About RPC, Inc.
RPC, Inc. (NYSE: RES) is a U.S.–based oilfield services company that provides a wide range of specialized services and equipment to the oil and gas industry, primarily supporting exploration, production, drilling, completion and maintenance activities for wells. It was founded in 1984 and is headquartered at Atlanta, Georgia, United States. Operates primarily in major U.S. oil and gas regions (e.g., Permian Basin, Gulf of Mexico, mid-continent, Appalachian and Rocky Mountain areas) with selective international work.
RPC acts as a holding company for several service brands and serves both independent and major oil and gas companies. It has grown through organic operations and strategic acquisitions, such as its recent purchase of Pintail Completions in 2025 to expand its wireline services. In summary, RPC is a diversified provider of energy-sector services that help clients develop and maintain oil and gas wells.
Fourth Quarter 2025 Highlights
In the fourth quarter of 2025, revenues declined 5% sequentially to $425.8 million. The company reported a net loss of $3.1 million compared to net income of $13.0 million in the prior quarter, with a loss per share of $0.02, as net income margin fell by 360 basis points sequentially to (0.7)%.
Adjusted net income decreased to $9.4 million from $16.8 million in the previous quarter, resulting in adjusted diluted EPS of $0.04 and an adjusted net income margin of 2.2%. Adjusted EBITDA declined to $55.1 million from $67.8 million in the prior quarter, with the margin contracting by 230 basis points sequentially to 12.9%, primarily due to approximately $4.6 million of wireline cable expenses that were expensed rather than capitalized during the quarter.
Full Year 2025 Highlights
For the full year 2025, revenues increased 15% year-on-year to $1.6 billion, mainly driven by the acquisition of Pintail Completions completed on April 1, 2025. Net income fell 65% year-on-year to $32.1 million, with EPS of $0.15, as net income margin declined by 450 basis points to 2.0%. Adjusted net income declined 41% to $53.6 million, translating into adjusted diluted EPS of $0.25 and an adjusted net income margin of 3.3%.
Adjusted EBITDA stood at $232.7 million, broadly flat compared to the prior year, while the adjusted EBITDA margin declined by 220 basis points to 14.3%. Operating cash flow amounted to $201.3 million, free cash flow was $52.9 million and remained unaffected by the change in wireline cable accounting, and during the year the company returned capital to shareholders through $35.1 million in dividends and $2.9 million in share repurchases.
Balance Sheet, Cash Flow and Capital Allocation
Cash and cash equivalents increased to $210.0 million at the end of the fourth quarter, with no outstanding borrowings under the Company’s $100 million revolving credit facility.
Net cash provided by operating activities and Free cash flow were $201.3 million and $52.9 million, respectively, year-to-date through 4Q25.
Payment of dividends totaled $35.1 million year-to-date through 4Q:25. As previously announced, the Board of Directors declared a regular quarterly cash dividend of $0.04 per share, payable on March 10, 2026, to common stockholders of record at the close of business on February 10, 2026. Share repurchases totaled $2.9 million year-to-date through 4Q:25, all of which related to tax withholding for restricted stock vesting.
