RPC Inc (N:RES)
Business Focus: Oil Related Services and Equipment
| Sector: Energy | Industry: Oil Related Services and Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2801 Buford Highway Ne, Suite 300 ATLANTA GA 30329 |
| Tel: | 1-404-4193809 |
| Website: | https://www.rpc.net |
| IR: | See website |
| Key People | ||
| Richard A. Hubbell Executive Chairman of the Board | Benjamin M. Palmer President, Chief Executive Officer, Director | Michael L. Schmit Chief Financial Officer, Vice President, Treasurer, Corporate Secretary |
| Business Overview |
| RPC, Inc. acts as a holding company for several oilfield services companies that include Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. It provides a range of oilfield services and equipment primarily to independent and oil and gas companies, which is engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. Its segments include Technical Services and Support Services. Technical Services segment includes pressure pumping, downhole tools services, coiled tubing, snubbing and other oilfield related services. Support Services segment includes renting tools to its customers for use with onshore and offshore oil and gas well drilling, completion and workover activities. It is also engaged in oilfield cementing services in the Permian and Mid-Continent basins. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, RPC Inc revenues increased 1% to $1.62B. Net income applicable to common stockholders decreased 11% to $192M. Revenues reflect Support Services segment increase of 19% to $101.3M, United States revenues segment increase of 1% to $1.59B. Net income was offset by Technical Services segment income decrease of 13% to $245.9M. |
| Employees: | 2,691 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,508M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,617M as of Dec 31, 2023 |
| EBITDA (TTM): | $362.79M as of Dec 31, 2023 |
| Net annual income (TTM): | $192.02M as of Dec 31, 2023 |
| Free cash flow (TTM): | $179.20M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 215,445,403 as of Mar 1, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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