m_and_a
confidence high
sentiment positive
materiality 0.75
RPC completes Pintail acquisition; acquired co. had $409M revenue, $80.8M net income in 2024
RPC INC
- Pintail Alternative Energy reported FY 2024 revenue of $409.1M and net income of $80.8M.
- Total assets of $150.8M and members' equity of $94.4M as of December 31, 2024.
- Pintail provides wireline and completion services in the Permian Basin (West Texas and New Mexico).
- Acquisition closed April 1, 2025; pro forma combined financials filed as Exhibit 99.2.
item 9.01