NYSE$RES
Rpc Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
RPC's financial performance increased, marked by revenue growth and improved profitability.
RPC, Inc. reported a significant increase in revenue for the second quarter of 2021, accompanied by improvements in operating loss and net loss compared to the previous year. The company saw growth in both Technical Services and Support Services segments, driven by higher activity levels and an improving economy.
- Revenues increased by 111.4% compared to the second quarter of 2020, reaching $188.8 million.
- Operating loss improved to $1.2 million compared to a $37.5 million loss in the prior year.
- Net loss was reduced to $726 thousand, or $0.00 per share, compared to a $25.1 million loss, or $0.12 loss per share, in the second quarter of the previous year.
- EBITDA for the quarter was $17.3 million, a significant improvement from negative $19.4 million in the same period last year.
Headline financials
Revenue & EPS history
Rpc · Revenue · Quarterly
$189M
Revenue by segment
Rpc · $163M total across 2 segments · Q2 2021
- Technical Services$119M—72.9%
- Support Services$44.1M—27.1%
Forward guidance
RPC anticipates higher drilling and completion plans due to stronger commodity prices, with increased activity expected in the Technical Services segment during the second half of the year. However, the industry's struggle to achieve net pricing improvements is expected to limit financial returns.
Tailwinds
- High customer demand indicates strong activity.
- Customer base responding to higher commodity prices.
- Increased drilling and completion plans expected.
- Additional horizontal pressure pumping fleet activated.
- Success in passing through cost increases.
Headwinds
- Significant customer-related operational delays.
- Extreme rain experienced in the Permian Basin.
- Pressure pumping revenues declined slightly.
- Revenues in nitrogen service line declined sequentially.
- Industry struggles to achieve net pricing improvements.
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 Q2 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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