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: 1-404-3212162
Website: https://www.rpc.net
IR: See website
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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

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