Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
11 June 1984Website:
http://www.rpc.netNext earnings report:
25 October 2024Last dividends:
09 August 2024Next dividends:
N/APrice
after hours | Fri, 06 Sep 2024 21:29:10 GMTAnalysts recommendations
Institutional Ownership
RES Latest News
RPC, Inc. operates oilfield services and equipment companies in the US and internationally, focusing on value creation and growing profitability. The company's technical and support services cater to oil and gas companies, with pressure pumping and downhole tools being major revenue drivers. RPC has increased profitability, capital efficiency, and free cash flow generation, with its current operations valued significantly lower than its market capitalization, providing a margin of safety for investors.
RPC (RES) Q2 earnings gain on higher activity within rental tools and lower cost of revenues. However, a soft environment for pressure pumping negatively impacts the top line.
Lower contributions from the Technical Services business unit are likely to have hurt RPC's (RES) Q2 earnings.
ATLANTA , July 10, 2024 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Thursday, July 25, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, July 25, 2024 at 9:00 a.m.
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RPC's (RES) earnings in Q1 were negatively impacted by reduced activity levels and competitive pricing in multiple service lines.
RPC reported earnings of $0.13 per share for the quarter, falling short of the Zacks Consensus Estimate of $0.19 per share. This is lower than the earnings of $0.39 per share reported in the same quarter last year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
What type of business is RPC?
RPC, Inc., through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells. The Support Services segment provides a range of rental tools for onshore and offshore oil and gas well drilling, completion, and workover activities. This segment also offers oilfield pipe inspection, and pipe management and storage services, as well as well control training and consulting services. It operates in the United States, Africa, Canada, Argentina, China, Mexico, Latin America, the Middle East, and internationally. The company was incorporated in 1984 and is headquartered in Atlanta, Georgia.
What sector is RPC in?
RPC is in the Energy sector
What industry is RPC in?
RPC is in the Oil & Gas Equipment & Services industry
What country is RPC from?
RPC is headquartered in United States
When did RPC go public?
RPC initial public offering (IPO) was on 11 June 1984
What is RPC website?
https://www.rpc.net
Is RPC in the S&P 500?
No, RPC is not included in the S&P 500 index
Is RPC in the NASDAQ 100?
No, RPC is not included in the NASDAQ 100 index
Is RPC in the Dow Jones?
No, RPC is not included in the Dow Jones index
When was RPC the previous earnings report?
No data
When does RPC earnings report?
The next expected earnings date for RPC is 25 October 2024