Q2 2025 RPC Inc Earnings Call Transcript
Key Points
- RPC Inc (RES) reported a 26% increase in revenues to $421 million for the second quarter of 2025.
- The Pintail acquisition contributed significantly, accounting for approximately 23% of total revenues.
- Non-pressure pumping service lines represented 74% of total revenues, indicating diversification.
- The A10 motor and unplugged products are gaining traction, with the A10 motor used by over 50 customers.
- Coiled tubing revenues increased by 12% sequentially, with the largest coiled tubing unit in the US beginning operations in July.
- Pressure pumping faced challenges due to lower industry activity, weather, and customer delays.
- There was a more than 200% increase in third-party non-productive time, impacting operational efficiency.
- Competitive pricing pressures in the wireline market are expected to result in slightly lower EBITDA margins.
- The effective tax rate was unusually high at 41.3% due to acquisition-related employment costs.
- Uncertainty around the economy, tariffs, and commodity markets is creating a challenging operating environment.
Good morning and thank you for joining us for RPC, Inc Second quarter 2025 earnings conference call.
Today's call will be hosted by Ben M. Palmer, President and CEO, and Michael Schmit, Chief Financial Officer.
At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question answer session. Instructions will be provided at the time for you to queue up for questions.
I would like to advise everyone that this conference call is being recorded. I will now turn the call over to Mr. Schmit.
Thank you and good morning.
Before we begin, I want to remind you that some of the statements that will be made on this call could be forward-looking in nature and reflect a number of known and unknown risks.
Please refer to our press release issued today along with our 2024, 10K and other public filings that outline those risks.
All of which can be found on RPC's website at
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