Q4 2025 RPC Inc Earnings Call Transcript
Key Points
- Thru Tubing Solutions continues to expand its innovative product offerings, such as the Metal Max motor and unplug technology, which have shown steady adoption and market success.
- RPC Inc (RES) maintains a strong balance sheet with approximately $210 million in cash and no borrowings from its $100 million revolving credit facility.
- The company is strategically growing its less capital-intensive service lines both organically and through acquisitions, focusing on long-term shareholder returns.
- Pressure Controls revenues increased by 1% sequentially, with well control activity and snubbing showing significant growth.
- RPC Inc (RES) is leveraging its financial flexibility to pursue growth opportunities through selective investments in new technologies and M&A within the energy sector.
- Fourth quarter revenues decreased by 5% sequentially, with Technical Services down 4% and Support Services down 18%.
- The company experienced a sequential revenue decline across most service lines, with notable weakness in December.
- Thru Tubing Solutions downhole tools revenues decreased by 9% sequentially, with international and Rocky Mountain regions showing weakness.
- The pressure pumping business saw a 6% sequential decrease, largely due to holiday shutdowns and idled fleets.
- Recent quarter storms impacted many businesses, leading to lost operating days and associated costs that will affect near-term profitability.
Good morning, and thank you for joining us for RPC Inc's fourth quarter 2025 earnings conference call. Today's call will be hosted by Ben Palmer, President and CEO; and Mike Schmit, Chief Financial Officer. (Operator Instructions)
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 10-K and other public filings that outline those risks, all of which can be found on RPC's website at www.rpc.net.
In today's earnings release and conference call, we'll be referring to several non-GAAP measures of operating performance and liquidity. We believe these non-GAAP
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