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RPC Inc (RES)
NYSE:RES
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.07Last Year’s EPS
0.19Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -3.89%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
While the company is facing significant challenges in the pressure pumping segment and revenue declines, it is making strategic moves to diversify its offerings and capitalize on new opportunities. The strong cash position and innovative technologies offer potential for future growth, but current market conditions remain difficult.Company Guidance
During the third quarter earnings call for RPC, Inc., the company outlined several key metrics and strategic insights amid a challenging oilfield services (OFS) market. Revenues for the quarter decreased by 7% to $338 million, primarily driven by a decline in the pressure pumping segment, which saw a 12% revenue drop. In contrast, other service lines experienced a more modest 4% decline, showcasing their relative resilience. Technical Services, which accounted for 93% of total revenues, decreased by 8%, while Support Services increased by 7%. The company maintained a strong balance sheet with $277 million in cash at quarter-end and highlighted a focus on capital allocation, including potential acquisitions to diversify their portfolio beyond pressure pumping. EBITDA for the quarter was $55.2 million with margins decreasing 240 basis points to 16.4%. The company also reported a free cash flow of $19 million after a capital expenditure of $51.7 million. Looking ahead, RPC, Inc. aims to continue upgrading its fleet and expanding non-pressure service lines to mitigate volatility and enhance financial stability.Solid Demand for Tier 4 DGB Frac Assets
The company reported strong demand and better visibility for Tier 4 DGB assets, with commitments extending through the end of 2025. These fleets are delivering industry-leading gas substitution rates and high efficiency.
Innovative Downhole Technology
The new technology replacing bridge plugs with pods has shown impressive results in trials. It offers efficiency and cost benefits, and is set to be marketed more broadly.
Emerging Opportunities in Coiled Tubing
A new opportunity in California for specialized plug and abandonment work is expected to scale next year, following successful technology trials in Texas.
Free Cash Flow and Strong Cash Position
The company generated $19 million in free cash flow for the quarter and maintains a strong cash position of $277 million.
M&A Strategy for Diversification
RPC is aggressively pursuing M&A to grow non-pressure pumping service lines, aiming to rebalance its portfolio and reduce dependency on the volatile frac market.
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RES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $6.42 | $6.17 | -3.89% |
| Oct 24, 2024 | $6.25 | $5.96 | -4.64% |
| Jul 25, 2024 | $5.70 | $6.84 | +20.00% |
| Apr 25, 2024 | $7.77 | $7.22 | -7.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does RPC Inc (RES) report earnings?
RPC Inc (RES) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is RPC Inc (RES) earnings time?
RPC Inc (RES) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RES EPS forecast?
RES EPS forecast for the fiscal quarter 2024 (Q4) is 0.07.
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