NYSE$RES
Rpc Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
RPC reported a decrease in revenue but an improvement in operating and net losses compared to the previous year.
RPC, Inc. reported a decrease in revenues for the first quarter of 2021 compared to the same period in 2020. However, the company saw improvements in operating loss and net loss. The increase in revenues compared to the prior quarter was noted, driven by higher activity in most service lines.
- First quarter revenues decreased by 25.1% compared to the same quarter in the previous year.
- Operating loss improved to $10.5 million compared to $218.7 million in the first quarter of 2020.
- Net loss improved to $9.7 million, or $0.05 loss per share, compared to a net loss of $160.4 million, or $0.76 loss per share in the first quarter of the prior year.
- Revenues increased by $34.0 million compared to the prior quarter, or 22.9 percent, due to activity increases in most service lines.
Headline financials
Revenue & EPS history
Rpc · Revenue · Quarterly
$183M
Forward guidance
Near-term industry activity is expected to be similar to the first quarter, adjusted for weather impact. Pricing for services is expected to remain intensely competitive, and financial returns do not support significant growth capital expenditures.
Tailwinds
- Drilling and completion activities have improved.
- Higher oil prices support customer spending.
- Equipment and crew utilization increased.
- Efficiencies and streamlined operations improved.
- Job mix in several service lines contributed to sequential revenue growth.
Headwinds
- Oilfield services industry is still faced with overcapacity.
- Pricing for services will continue to be intensely competitive.
- Financial returns do not presently support significant growth capital expenditures.
- Extreme winter weather in February hurt profitability.
- Weather-related expenses and inefficiencies arose from a two-week long operational disruption.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.1%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-1.4%
Avg return
30 days after
52%
34 / 66 earnings
Positive
+21.4%
Q2 2022
Best reaction
-18.3%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.4% | -4.3% | -7.9% | |
| Q4 2025 | -17.4% | -12.8% | -7.4% | |
| Q3 2025 | +11.6% | +8.4% | +6.4% | |
| Q2 2025 | -3.9% | -5.0% | -3.0% | |
| Q1 2025 | +0.8% | +1.0% | -8.3% | |
| Q4 2024 | -3.9% | -0.5% | -13.1% | |
| Q3 2024 | -5.1% | -7.9% | +2.2% | |
| Q2 2024 | +20.6% | +27.7% | +12.3% | |
| Q1 2024 | -10.1% | -15.5% | -14.4% | |
| Q4 2023 | +7.4% | +10.4% | +5.1% | |
| Q3 2023 | -4.6% | -3.5% | -14.7% | |
| Q2 2023 | -7.9% | -7.1% | -10.0% | |
| Q1 2023 | -2.2% | -0.5% | -4.4% | |
| Q4 2022 | +10.6% | +11.9% | +2.3% | |
| Q3 2022 | +4.3% | +20.6% | -1.0% | |
| Q2 2022 | +21.4% | +19.6% | +26.9% | |
| Q1 2022 | -0.6% | -4.5% | -13.6% | |
| Q4 2021 | -0.8% | -1.8% | +39.5% | |
| Q3 2021 | -2.1% | -5.5% | -28.0% | |
| Q2 2021 | +0.0% | -6.6% | -8.7% | |
| Q1 2021 | +0.8% | +4.0% | -1.8% | |
| Q4 2020 | +18.9% | +27.4% | +64.1% | |
| Q3 2020 | -11.7% | -3.8% | +28.3% | |
| Q2 2020 | -1.9% | -1.6% | +3.5% | |
| Q1 2020 | +0.3% | +2.6% | +35.5% | |
| Q4 2019 | +2.0% | -9.2% | -25.1% | |
| Q3 2019 | -8.6% | -11.6% | -31.0% | |
| Q2 2019 | -9.9% | -15.9% | -20.5% | |
| Q1 2019 | -18.3% | -17.5% | -37.9% | |
| Q4 2018 | -4.2% | -4.7% | -5.3% | |
| Q3 2018 | -1.9% | +1.4% | -1.7% | |
| Q2 2018 | +1.8% | +7.4% | +3.6% | |
| Q1 2018 | -5.0% | -4.1% | -10.1% | |
| Q4 2017 | -15.0% | -19.4% | -20.5% | |
| Q3 2017 | +3.0% | +7.0% | +4.2% | |
| Q2 2017 | +2.1% | -1.3% | -11.0% | |
| Q1 2017 | +2.1% | +2.3% | +8.0% | |
| Q4 2016 | +0.6% | -1.3% | -10.1% | |
| Q3 2016 | +0.4% | -3.9% | +1.7% | |
| Q2 2016 | -1.5% | -3.4% | +9.2% | |
| Q1 2016 | +4.9% | — | — | |
| Q4 2015 | +8.8% | — | — | |
| Q3 2015 | +2.6% | — | — | |
| Q2 2015 | +1.9% | — | — | |
| Q1 2015 | +2.1% | — | — | |
| Q4 2014 | -4.3% | — | — | |
| Q3 2014 | -3.1% | — | — | |
| Q2 2014 | +6.0% | — | — | |
| Q1 2014 | +3.8% | — | — | |
| Q4 2013 | -9.3% | — | — | |
| Q3 2013 | +6.4% | — | — | |
| Q2 2013 | -5.2% | — | — | |
| Q1 2013 | -12.7% | — | — | |
| Q4 2012 | +6.1% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q1 2012 | +9.2% | — | — | |
| Q4 2009 | +0.9% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | +9.4% | — | — | |
| Q3 2010 | +9.4% | — | — | |
| Q4 2010 | -3.3% | — | — | |
| Q2 2010 | -3.3% | — | — | |
| Q2 2011 | -3.3% | — | — | |
| Q1 2010 | +1.3% | — | — |
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