RPC Inc. Reports 26% Sequential Revenue Increase to $420.8M, Adjusted Net Income Up 46% to $17.5M, EPS at $0.08

Reuters
07/24
<a href="https://laohu8.com/S/RES">RPC Inc</a>. Reports 26% Sequential Revenue Increase to $420.8M, Adjusted Net Income Up 46% to $17.5M, EPS at $0.08

RPC, Inc., a leading diversified oilfield services company, reported its unaudited financial results for the second quarter ended June 30, 2025. The company saw a 26% sequential increase in revenues, reaching $420.8 million, attributed to the acquisition of Pintail Completions, a wireline perforation service provider, effective April 1, 2025. Excluding Pintail's contribution of $98.9 million, adjusted revenues decreased by 3% sequentially. Net income for the quarter was $10.1 million, representing a 16% sequential decrease, with a net income margin decrease of 120 basis points to 2.4%. Adjusted net income increased 46% sequentially to $17.5 million, with an adjusted net income margin increase of 60 basis points to 4.2%. Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was reported at $65.6 million, up 34% sequentially, and the adjusted EBITDA margin increased by 90 basis points to 15.6%. The company noted that downhole tools, coiled tubing, and rental tools generated sequential revenue increases. However, the pressure pumping service line experienced weaker activity, negatively impacting the second quarter results.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RPC Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL36698) on July 24, 2025, and is solely responsible for the information contained therein.

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