RPC, Inc. reported a total revenue of $1.63 billion for the fiscal year ending December 31, 2025, marking a 15% increase from $1.41 billion in 2024. This growth was primarily driven by the acquisition of Pintail Alternative Energy, which contributed $295.8 million to the revenue. However, the company experienced a significant decline in profitability, with net income falling to $32.1 million, or $0.15 per share, compared to $91.4 million, or $0.43 per share, in the previous year. Operating income also decreased by 54.1% to $44.7 million, attributed to lower pressure pumping activity levels and increased competition in the oilfield services market.
The Technical Services segment generated $1.54 billion in revenue, a 15.8% increase from the prior year, largely due to the Pintail acquisition. However, pressure pumping revenues decreased significantly, reflecting a competitive market environment. The Support Services segment saw a modest revenue increase of 1.7% to $90.5 million, driven by higher activity levels in rental tools. The overall cost of revenues rose by 18.9% to $1.23 billion, primarily due to costs associated with the Pintail acquisition, although costs excluding Pintail decreased in line with lower activity levels.
In terms of operational metrics, RPC's employee headcount increased to 2,893 from 2,597 in 2024, reflecting the integration of Pintail's workforce. The company ended the year with 10 horizontal pressure pumping fleets, including three Tier 4 dual-fuel fleets, as part of its strategy to upgrade equipment in response to industry trends favoring lower emissions. RPC's cash flow from operating activities decreased to $201.3 million, down from $349.4 million in 2024, primarily due to lower net income and unfavorable changes in working capital.
Looking ahead, RPC anticipates capital expenditures between $150 million and $180 million in 2026, focusing on maintaining existing equipment and selected growth opportunities. The company remains cautious about market conditions, particularly the volatility of oil and natural gas prices, which could impact customer activity levels. RPC's management believes that long-term demand for oil and natural gas will drive increased activity in its operational basins, despite the current oversupply in the oilfield services market and intense competition.
About RPC INC
RPC, Inc. provides specialized oilfield services and equipment to exploration, production, and development companies in the U.S. and select international markets. Its core segments include Technical Services—pressure pumping, downhole tools, coiled tubing, and cementing—and Support Services such as rental tools and pipe management. The company focuses on operational efficiency, technological innovation, and strategic growth to deliver value in the cyclical oil and gas industry.
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