RPC, Inc., a leading diversified oilfield services company, reported its unaudited financial results for the second quarter ended June 30, 2025. The company saw a 26% sequential increase in revenues, reaching $420.8 million, attributed to the acquisition of Pintail Completions, a wireline perforation service provider, effective April 1, 2025. Excluding Pintail's contribution of $98.9 million, adjusted revenues decreased by 3% sequentially. Net income for the quarter was $10.1 million, representing a 16% sequential decrease, with a net income margin decrease of 120 basis points to 2.4%. Adjusted net income increased 46% sequentially to $17.5 million, with an adjusted net income margin increase of 60 basis points to 4.2%. Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was reported at $65.6 million, up 34% sequentially, and the adjusted EBITDA margin increased by 90 basis points to 15.6%. The company noted that downhole tools, coiled tubing, and rental tools generated sequential revenue increases. However, the pressure pumping service line experienced weaker activity, negatively impacting the second quarter results.
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