RPC Inc RES

EnergyOil & Gas Related Equipment and ServicesUnited States of America

Last close 5.92 USD on Nov 2, 2026, +11.0% year to date

Quant rating

Quant rating C Rank 106 of 167 in Energy

Growth C 67 of 167
Valuation D 121 of 167
Quality D 125 of 167
Revisions B 50 of 167
Momentum D 121 of 167

Wall Street consensus Hold (3.20)Average target 6.50 USD +9.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.3B
Enterprise value: 1.2B
52-week range: 5.00 – 8.15
3-year range: 4.23 – 8.25
Dividend yield: 2.59%
Beta (5 years): 0.78
Shares outstanding: 222M
Next earnings: Feb 1, 2027

About the company

RPC, Inc. is a diversified oilfield services company. The Company provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. It acts as a holding company for the entity groupings, including Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. Its segments include Technical Services and Support Services. The Technical Services segment consists primarily of pressure pumping, downhole tools, coiled tubing, cementing, snubbing, nitrogen, well control, wireline and fishing. The Support Services segment consists primarily of drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training services.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,627	1,415	1,617	1,602	865	–
Revenue growth	15.0%	−12.5%	1.0%	85.2%	44.6%	22.1%
EPS (basic, normalized)	0.25	0.43	0.97	1.01	0.03	–
EPS growth	−41.9%	−55.7%	−4.0%	3,266.7%	–	–
Gross margin	24.2%	26.7%	32.6%	32.1%	23.3%	27.8%
Net margin	1.9%	6.4%	11.9%	13.4%	0.8%	6.9%
ROE	2.9%	8.7%	20.8%	29.1%	1.1%	12.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	177
Current ratio	3.52x
Long-term debt (mil)	20.6
Net debt (mil)	−146
Total equity (mil)	1,067
Net debt / equity	−0.14x
Net debt / EBITDA	−0.63x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	1,627	+15.0%	0.7x	233	+1.3%	5.0x	0.25	−41.9%	23.7x
2026	1,837	+13.0%	0.6x	252	+8.5%	4.6x	0.27	+7.4%	22.0x
2027	1,863	+1.4%	0.6x	249	−1.3%	4.7x	0.30	+11.5%	19.8x
2028	1,912	+2.6%	0.6x	255	+2.3%	4.6x	0.34	+14.6%	17.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,837	−0.2%	+0.2%	+10.3%	0.27	−2.2%	+9.8%	+35.7%
2027	1,863	+0.4%	−0.8%	+6.4%	0.30	+5.9%	+17.6%	+7.4%
2028	1,912	−0.4%	−0.4%	+7.8%	0.34	0.0%	0.0%	−14.2%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	378	364	338	335	333	421	447	426	455	461
Sales mean (mil)	391	380	370	324	324	421	403	426	407	470
Surprise	−3.3%	−4.3%	−8.7%	+3.5%	+2.6%	−0.1%	+10.8%	−0.2%	+11.7%	−1.9%
EPS reported	0.13	0.15	0.09	0.06	0.06	0.08	0.09	0.04	0.03	0.08
EPS mean	0.17	0.13	0.13	0.06	0.05	0.09	0.06	0.06	0.03	0.04
Surprise	−25.5%	+13.8%	−28.2%	−1.6%	+24.5%	−12.4%	+59.8%	−31.3%	+20.0%	+96.1%

Peer comparison Oil & Gas Related Equipment and Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
RES RPC Inc	1.3B	−0.63x	1.9%	1.23x	22.0x	19.8x	4.6x	4.7x
SLB SLB N.V.	77.2B	1.29x	9.4%	2.96x	21.3x	16.9x	10.9x	9.6x
BKR Baker Hughes Company	52.7B	2.75x	9.3%	2.62x	20.5x	18.2x	12.6x	10.9x
TS Tenaris SA	29.7B	−0.72x	16.1%	1.72x	15.5x	13.9x	10.0x	8.6x
HAL Halliburton Company	28.6B	1.27x	5.8%	2.57x	14.8x	11.9x	8.5x	7.3x
FTI TechnipFMC PLC	26.0B	−0.31x	9.7%	7.83x	21.1x	17.8x	11.5x	10.5x
Mean		0.61x	8.7%	3.16x	19.2x	16.4x	9.7x	8.6x
Median		0.48x	9.4%	2.60x	20.8x	17.4x	10.4x	9.1x

Technical analysis

1M+1.0%
3M+6.2%
1Y+16.9%
3Y−22.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, RPC Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,627	1,415	1,617	1,602	865	598
Cost of revenue	1,233	1,037	1,090	1,088	663	481
Gross profit	394	378	528	514	202	118
Selling, general & administrative expenses	156	156	166	149	124	124
Research & development	–	–	–	–	–	–
Depreciation/amortization	181	133	108	83.0	72.7	95.5
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	12.1	−8.2	8.9	−5.9	−10.9	208
Other operating expenses	0	0	0	0	0	0
Operating income	44.7	97.5	245	288	16.3	−310
Net interest income (expense)	5.4	12.4	8.3	0.6	−1.9	0.1
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	6.4	2.9	3.0	1.1	2.0	0.1
Net income before taxes	56.5	113	256	290	16.4	−309
Provision for taxes	24.5	21.4	61.1	71.3	9.2	−97.2
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	32.1	91.4	195	218	7.2	−212
Extraordinary items	–	–	–	–	–	–
Net income	32.1	91.4	195	218	7.2	−212
EBIT, normalized	56.9	89.3	254	282	5.4	−102
EBITDA, normalized	218	222	362	366	78.1	−6.1
Basic EPS, normalized	0.25	0.43	0.97	1.01	0.03	–

Balance sheet in millions of USD, fiscal years

Balance sheet, RPC Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	210	326	223	126	82.4	84.5
Receivables	334	281	377	459	317	245
Total inventory	119	108	111	97.1	79.0	82.9
Prepaid expenses	18.3	16.1	12.9	17.8	9.8	9.1
Other current assets	23.2	2.2	2.8	3.1	3.7	7.1
Total current assets	704	733	727	703	492	428
Property, plant & equipment	558	545	461	362	299	292
Goodwill	83.4	50.8	50.8	32.1	32.1	32.1
Intangibles	97.5	13.8	12.8	–	–	–
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	25.4	43.6	35.4	31.6	40.9	38.3
Total assets	1,468	1,386	1,287	1,129	864	791
Liabilities
Accounts payable	120	84.5	85.0	115	74.4	41.1
Payable/accrued	–	–	–	–	–	–
Accrued expenses	62.4	48.1	50.4	53.3	35.6	37.4
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	21.0	3.5	0.4	0	20.2	–
Other current liabilities	14.0	45.8	16.0	10.1	0.7	1.1
Total current liabilities	217	182	152	179	131	79.6
Long-term debt	31.0	0.6	0.8	0	0	0
Minority interest	–	–	–	–	–	–
Other liabilities	121	126	112	92.7	91.7	79.4
Total liabilities	369	308	264	271	223	159
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	22.1	21.5	21.5	21.7	21.6	21.5
Additional paid-in capital	0	0	–	0	0	0
Retained earnings (accumulated deficit)	1,080	1,060	1,003	856	641	628
Treasury stock	–	–	–	–	–	–
Other equity	−2.5	−2.8	−2.4	−19.9	−20.7	−17.7
Total equity	1,099	1,078	1,023	858	642	632
Total liabilities & shareholders' equity	1,468	1,386	1,287	1,129	864	791

Cash flow statement in millions of USD, fiscal years

Cash flow statement, RPC Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	32.1	91.4	195	218	7.2	−212
Depreciation, depletion & amortization	161	133	108	83.7	72.5	95.3
Deferred taxes	18.7	6.9	8.6	19.5	4.9	−25.8
Non-cash items	25.1	0.5	−1.3	0.5	−4.3	209
Changes in working capital	−35.8	118	84.2	−121	−32.6	11.3
Cash from operations	201	349	395	201	47.7	78.0
Investing activities
Capital expenditures	−148	−220	−181	−140	−67.6	−65.1
Other investing cash flows	−125	18.4	−60.7	15.8	20.0	22.4
Cash from investing	−274	−202	−242	−124	−47.6	−42.7
Financing activities
Financing cash flow items	–	–	–	–	–	–
Cash dividends paid	−35.1	−34.4	−34.6	−8.6	0	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−8.5	−10.7	−21.6	−24.9	−2.2	−0.8
Cash from financing	−43.6	−45.2	−56.2	−33.6	−2.2	−0.8
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−116	103	96.9	44.0	−2.1	34.5
Free cash flow	52.9	129	214	61.7	−19.9	12.9

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.