Rpc Inc (NYSE: RES)

RPC is a Delaware corporation originally organized in 1984 as a holding company for several oilfield services companies and is headquartered in Atlanta Georgia. It provides a broad range of specialized oilfield services and equipment primarily to independent and major oil and gas companies engaged in exploration production and development of oil and gas properties throughout the United States and in selected international markets. The company’s service portfolio includes pressure pumping wireline downhole tools coiled tubing cementing and related ancillary offerings that support the full well lifecycle. RPC leverages its centralized corporate functions to provide finance human resources legal and compliance support to its operating subsidiaries.

Revenue is generated when customers pay for services rendered and equipment supplied by the two operating segments. Technical Services income derives from equipment usage personnel labor and materials consumed during well site operations such as fracturing wireline interventions and cementing jobs. Support Services income comes from rental fees for tools and pipe and from fees charged for classroom and online training programs. The company’s revenue mix shows Technical Services contributing roughly ninety four percent of total sales while Support Services contributes the remaining six percent.

The company operates through the following segments: Technical Services and Support Services.

• Technical Services includes pressure pumping wireline downhole tools coiled tubing and cementing services that are performed directly at the well site to enhance production manage well control and complete new or existing wells. The segment depends on skilled crews and well maintained equipment to serve major multinational and independent oil and gas producers across all major US basins. Revenue in this area is driven by the number of active fleets utilization rates and the pricing environment for completion and intervention work.

• Support Services provides rental tools drill pipe and related equipment off the well site and offers classroom and computer training to support customer operations. The segment emphasizes safety reliability and availability of its rental fleet to meet the varying needs of drilling contractors and operators. Revenue here is influenced by overall drilling activity levels and the demand for flexible equipment solutions that avoid large capital expenditures.

RPC competes in a highly competitive oilfield services market alongside large integrated firms such as Halliburton Baker Hughes and Schlumberger as well as other publicly traded peers like Liberty Energy NCS Multistage Holdings Nine Energy Services Patterson UTI Energy ProFrac Holding Corp and ProPetro Holding Corp. The company believes its competitive advantages stem from price competitiveness product availability and quality service quality and a reputation for safety and technical proficiency. Its ability to quickly mobilize equipment and personnel and to adapt to changing customer requirements further strengthens its market position.

RPC serves major multinational independent and national oil and gas companies ranging from small independent exploration and production firms to large integrated producers. One private E&P customer accounted for approximately 15 percent of the company's revenues in 2025 illustrating the significance of key accounts. Sales are generated by dedicated field sales teams and through referrals from existing customers with no significant backlog due to the short lead time between order and service delivery.