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: | 1-404-3212162 |
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, Corporate Secretary |
Business Overview |
RPC, Inc. is a holding company of Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. The Company provides a range of oilfield services and equipment primarily to independent and oilfield 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. It has two segments. Technical Services segment includes its oil and gas services, which utilizes people and equipment to perform value-added completion, production and maintenance services directly to a customer well. Support Services segment includes all of the services, which provides equipment offered off the well site without it personnel and services, which are provided in support of customer operations off the well site such as classroom and computer training, and other consulting services. |
Financial Overview |
For the six months ended 30 June 2022, RPC, Inc. revenues increased 78% to $660.1M. Net income totaled $62M vs. loss of $10.4M. Revenues reflect Technical Services segment increase from $176.1M to $622.5M, Support Services segment increase from $12.6M to $37.7M, United States revenues segment increase from $181.5M to $644.2M, International revenues segment increase from $7.2M to $16M. |
Employees: | 2,250 as of Dec 31, 2021 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,570M as of Jun 30, 2022 |
Annual revenue (TTM): | $1,154M as of Jun 30, 2022 |
EBITDA (TTM): | $177.48M as of Jun 30, 2022 |
Net annual income (TTM): | $79.62M as of Jun 30, 2022 |
Free cash flow (TTM): | -$56.64M as of Jun 30, 2022 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 216,661,757 as of Jul 22, 2022 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |