RPC INC

Listed Company

RESCIK 0000742278NYSEAcceleratedOil & Gas Field Services, NecFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$32.08M

Total Assets

$1.47B

Equity

$1.10B

Shares Out

221.64M

Op. Cash Flow

$201.33M

Business

RPC INC provides specialized oilfield services and equipment to independent and major oil and gas companies engaged in exploration, production and development primarily in the United States and in selected international markets. It offers pressure pumping (hydraulic fracturing), downhole tools, coiled tubing, cementing, rental tools, well control, snubbing, nitrogen services, wireline, pipe inspection and related training and support services. RPC acts as a holding company for Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services and reports operations in Technical Services and Support Services segments. Its services are delivered through a network of regional facilities and dedicated sales forces across the Permian, mid‑continent, southwest, Gulf, Rocky Mountain and Appalachian regions.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	1,627	1,415	1,617	1,602	865
Cost of revenues (exclusive of depreciation and amortization shown separately below)	1,233	1,037	1,090	1,088	663
Selling, general and administrative expenses	176	156	166	149	124
Acquisition related employment costs	20	—	—	—	—
Pension settlement charges	—	—	18	3	—
Depreciation and amortization	161	133	108	83	73
Gain on disposition of assets, net	−8	−8	−9	−9	−11
Operating income	45	98	245	288	16
Interest expense	−3	−724,000	−341,000	−614,000	—
Interest income	8	13	9	1	59,000
Other income, net	6	3	3	1	2
Income before income taxes	57	113	256	290	16
Income tax provision	24	21	61	71	9
Net income	32	91	195	218	7
Basic (in dollars per share)	0.15	0.43	0.9	1.01	0.03
Diluted (in dollars per share)	0.15	0.43	0.9	1.01	0.03

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	210	326	223	126	82
Accounts receivable, net	328	277	325	417	259
Inventories	119	108	111	97	79
Income taxes receivable	6	4	52	42	59
Prepaid expenses	18	16	13	18	10
Other current assets	23	2	3	3	4
Total current assets	704	733	727	703	492
Property, plant and equipment, net	532	514	435	333	254
Operating lease right-of-use assets	24	27	25	29	25
Finance lease right-of-use assets	2	4	1	—	20
Goodwill	83	51	51	32	32
Other intangibles, net	97	14	13	1	—
Retirement plan assets	—	31	27	—	—
Other assets	25	13	9	30	41
Total assets	1,468	1,386	1,287	1,129	864
Accounts payable	120	84	85	115	74
Accrued payroll and related expenses	39	25	31	33	15
Accrued insurance expenses	7	8	5	3	10
Accrued state, local and other taxes	4	3	4	4	2
Income taxes payable	787,000	446,000	275,000	499,000	656,000
Unearned revenue	13	45	16	0	—
Current portion of operating lease liabilities	8	7	7	11	6
Current portion of finance lease liabilities and finance obligations	977,000	4	375,000	—	—
Current portion of notes payable	20	—	—	—	—
Accrued expenses and other liabilities	5	5	2	2	2
Total current liabilities	217	182	152	179	131
Accrued insurance expenses	16	12	10	7	12
Retirement plan liabilities	—	25	24	23	35
Notes payable	30	—	—	—	—
Operating lease liabilities	18	22	19	20	20
Finance lease liabilities	1	559,000	819,000	—	—
Other long-term liabilities	11	9	8	5	7
Deferred income taxes	77	58	51	37	18
Total liabilities	369	308	264	271	223
Commitments and contingencies (Note 15)	—	—	—	—	—
Preferred stock, $0.10 par value, 1,000,000 shares authorized, none issued	—	—	—	—	—
Common stock, $0.10 par value, 349,000,000 shares authorized, 220,571,673 and 214,942,136 shares issued and outstanding in 2025 and 2024, respectively	22	21	22	22	22
Capital in excess of par value	0	0	0	0	0
Retained earnings	1,080	1,060	1,003	856	641
Accumulated other comprehensive loss	−3	−3	−2	−20	−21
Total stockholders' equity	1,099	1,078	1,023	858	642
Total liabilities and stockholders' equity	1,468	1,386	1,287	1,129	864

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	32	91	195	218	7
Depreciation and amortization	161	133	108	83	—
Stock-based compensation expense	12	9	8	6	7
Gain on disposition of assets, net	−8	−8	−9	−9	−11
Gain due to benefit plan financing arrangement	—	−1	—	—	—
Deferred income tax provision	19	7	9	19	5
Pension settlement charges	—	—	18	3	—
Other non-cash adjustments	556,000	709,000	126,000	647,000	−180,000
Accounts receivable	15	48	105	−158	−91
Income taxes receivable	−2	48	−10	16	24
Inventories	−4	3	−12	−18	4
Prepaid expenses	−2	−2	5	−8	−650,000
Other current assets	−1	−1,000	311,000	406,000	90,000
Retirement plan assets	−2	−3	−3	—	—
Other non-current assets	−2	562,000	1	9	−1
Accounts payable	−21	278,000	−35	36	33
Income taxes payable	341,000	171,000	−224,000	−157,000	−459,000
Unearned revenue	−32	30	16	—	—
Accrued payroll and related expenses	10	−6	−2	18	−3
Pension liabilities	—	—	−5	—	—
Accrued insurance expenses	−748,000	3	2	−7	5
Accrued state, local and other taxes	−477,000	−1	165,000	2	−883,000
Other accrued expenses	9,000	−6	−6	−4	−4
Retirement plan liabilities	−65,000	815,000	618,000	−5	−1
Long-term accrued insurance expenses	3	2	3	−5	−52,000
Other long-term liabilities	3	653,000	6	2	4
Net cash provided by operating activities	201	349	395	201	48
Capital expenditures	−148	−220	−181	−140	−68
Proceeds from sale of assets	20	18	18	16	20
Purchase of business, net of cash and debt assumed	−153	—	−79	—	—
Proceeds from benefit plan financing arrangement	33	2	—	—	—
Distribution from benefit plan financing arrangement	−24	−2	—	—	—
Net cash used for investing activities	−274	−202	−242	−124	−48
Payment of dividends	−35	−34	−35	−9	—
Repayment of debt assumed at acquisition	−5	—	—	—	—
Cash paid for common stock purchased and retired	−3	−10	−21	−918,000	−567,000
Cash paid for finance lease	−1	−799,000	−515,000	−24	−2
Net cash used for financing activities	−44	−45	−56	−34	−2
Net (decrease) increase in cash and cash equivalents	−116	103	97	44	−2
Interest paid	3	170,000	166,000	170,000	166,000
Capital expenditures included in accounts payable	7	8	9	9	4

Filings

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