Thu, Apr 24, 7:29 PM (29 days ago)
**RPC, Inc. (RES) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $332.9 million, down 11.9% YoY due to lower pressure pumping activity and competitive pressures. - **Net Income:** $12.0 million, down from $27.5 million YoY, reflecting decreased revenues and higher costs. - **Earnings per Share (EPS):** $0.06, down from $0.13 YoY. - **Operating Income:** $12.4 million, down from $32.3 million YoY. - **Cash Flow from Operations:** $39.9 million, down from $56.6 million YoY. - **Free Cash Flow:** $7.6 million, up from $3.8 million YoY, due to lower capital expenditures. **Profit Margins:** - **Net Income Margin:** 3.6%, down from 7.3% YoY. - **EBITDA Margin:** 14.7%, down from 16.7% YoY. **Cash Flow and Liquidity:** - **Cash and Cash Equivalents:** $326.7 million, up slightly from $326.0 million at year-end 2024. - **Capital Expenditures:** $32.3 million, down from $52.8 million YoY, reflecting lower business activity. - **Revolving Credit Facility:** $100 million, with $83.9 million available as of March 31, 2025. **Segment Performance:** - **Technical Services:** Revenues down 12.5% YoY, operating income down to $14.0 million from $32.0 million. - **Support Services:** Revenues down 1.9% YoY, operating income down to $2.7 million from $3.6 million. **Future Operations and Uncertainties:** - **Acquisition:** Completed acquisition of Pintail Alternative Energy, LLC, for $245 million. - **Capital Expenditures:** Expected to be between $165 million and $215 million for 2025. - **Dividends:** Declared a quarterly dividend of $0.04 per share. - **Market Conditions:** Monitoring oil and natural gas prices, rig counts, and competitive environment. - **Regulatory and Tax Risks:** Ongoing sales and use tax audits and potential regulatory impacts. **Outlook:** - **Industry Trends:** Expect continued pressure on pricing and activity levels due to oversupply and efficiency gains. - **Geopolitical Factors:** Monitoring global events and their impact on oil and gas demand. - **Strategic Initiatives:** Focus on maintaining pressure pumping fleet and evaluating future investments.