RPC posts FY 2025 operating income of USD 44.7 million, down 54.1%

Reuters
Feb 28
RPC posts FY 2025 operating income of USD 44.7 million, down 54.1%

RPC reported FY 2025 revenue of USD 1.6 billion (+15.0%), driven primarily by USD 295.8 million of revenue from the April 1, 2025 acquisition of Pintail Alternative Energy, partially offset by lower pressure pumping activity. FY 2025 operating income was USD 44.7 million (-54.1%) and net income was USD 32.1 million, with net income margin of 2.0%; diluted EPS was USD 0.15. FY 2025 Adjusted EBITDA was USD 232.7 million and Adjusted EBITDA margin was 14.3%. Net cash provided by operating activities was USD 201.3 million and free cash flow was USD 52.9 million; capital expenditures totaled USD 148.4 million. By segment, FY 2025 Technical Services revenue was USD 1.5 billion (+15.8%) and Support Services revenue was USD 90.5 million (+1.7%). RPC cited generally lower industry activity, including a 6.3% decline in rig count, lower oil prices, and continued oversupply of oilfield services capacity—particularly in pressure pumping—driving price competition; it also highlighted customer preference for lower-emissions equipment, noting its Tier 4 dual fuel frac fleets have maintained stronger utilization than legacy Tier 2 assets and that it does not currently offer electric frac fleets. The Pintail acquisition consideration included USD 170 million cash, USD 25 million in common stock and a USD 50 million secured seller note; the first USD 20 million principal payment is due April 1, 2026. RPC ended FY 2025 with USD 210.0 million in cash and no outstanding borrowings under its USD 100.0 million revolving credit facility, with USD 18.2 million of letters of credit outstanding.

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