earnings
confidence high
sentiment neutral
materiality 0.80
RPC Q1 revenue $332.9M, net income $12M; acquires Pintail Completions for $245M
RPC INC
2025-Q1 EPS reported
$0.06
revenue$332,877,000
- EBITDA of $48.9M, up 6% sequentially; EBITDA margin 14.7% (+100 bps).
- Pintail Completions acquired for $245M (cash $170M, seller note $50M, restricted stock $25M); >$400M 2024 revenue.
- Cash $326.7M, no revolver borrowings; quarter-end. Board declared $0.04/share dividend payable June 10.
- Technical Services revenue down 1% to $311.8M; Support Services up 1% to $21.0M.
- Management cites tariff uncertainty and volatile oil prices as near-term headwinds.