RPC, Inc. Aktienkurs
Vergleich mit Peer Group
📊 Peer Group
📈 Was ist das?
Die Peer Group sind die Unternehmen mit dem ähnlichsten Geschäftsmodell. Sie dienen als Vergleichsmaßstab, um eine Aktie einzuordnen.
🧮 Wie wird sie ausgewählt?
Nach Ähnlichkeit des Geschäftsmodells, also Unternehmen aus derselben Branche, mit vergleichbaren Produkten und einer ähnlichen Kundengruppe. Nur so vergleichst du Äpfel mit Äpfeln.
🏛️ Wofür ist sie wichtig?
Ob eine Aktie günstig oder teuer ist, lässt sich am ehesten im Vergleich beurteilen. Ein KGV von 18 oder ein EV/FCF von 20 wirkt je nach Maßstab günstig oder teuer. Die Peer Group liefert dabei den treffsichersten Maßstab: Unternehmen mit ähnlichem Geschäftsmodell, die denselben Bedingungen unterliegen.
🎯 Was bedeutet das für Anleger?
Liegt eine Kennzahl unter dem Peer-Durchschnitt, ist die Aktie relativ günstiger bewertet, über dem Durchschnitt entsprechend teurer. Ein Abschlag zur Peer Group kann eine Chance sein, aber auch einen Grund haben (zum Beispiel geringeres Wachstum). Der Vergleich ist ein Startpunkt, kein Urteil.
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📘 Marktkapitalisierung
📈 Was ist das?
Die Marktkapitalisierung zeigt, wie viel ein Unternehmen laut Börse aktuell wert ist.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Sie hilft Unternehmen in Größenklassen (Large, Mid, Small Cap) einzuordnen und gibt Hinweise auf Marktmacht und Stabilität.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Große Unternehmen gelten als stabiler, zahlen oft Dividenden, wachsen aber langsamer.
- Kleine Firmen können stärker wachsen, sind aber schwankungsanfälliger.
- Die Marktkapitalisierung ist ein guter Indikator für Unternehmensgröße, aber kein Maß für Unter- oder Überbewertung.
📘 Enterprise Value (Unternehmenswert)
📈 Was ist das?
Der Enterprise Value (EV) zeigt, was ein Unternehmen tatsächlich kostet, wenn man es komplett übernehmen würde – inklusive Schulden und abzüglich Cash.
🧮 Wie wird es berechnet?
(= Marktkapitalisierung + Nettoverschuldung)
🏛️ Wofür ist es wichtig?
Der EV ist eine realistischere Bewertungsbasis als die Marktkapitalisierung, da er die Kapitalstruktur berücksichtigt. Er ist Grundlage für Kennzahlen wie EV/FCF oder EV/Sales.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Der Enterprise Value zeigt, was ein Unternehmen tatsächlich wert ist – unabhängig davon, wie es finanziert ist.
- Er ist besonders wichtig für professionelle Investoren, da er eine objektivere Grundlage für Bewertungsvergleiche bietet als die Marktkapitalisierung allein.
- Ein Unternehmen mit hoher Verschuldung erscheint im EV teurer, eines mit viel Cash günstiger – auch wenn sie an der Börse gleich viel wert sind.
📘 Nettoverschuldung
📈 Was ist das?
Die Nettoverschuldung zeigt, wie viele Schulden nach Abzug des verfügbaren Cashs tatsächlich verbleiben.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Sie zeigt, wie stark ein Unternehmen von Fremdkapital abhängig ist – und wie gut es in der Lage ist, seine Schulden kurzfristig zu bedienen.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine niedrige oder negative Nettoverschuldung bedeutet hohe finanzielle Stabilität.
- Unternehmen mit viel Cash und geringer Verschuldung sind besser gerüstet für Krisen.
- Eine hohe Nettoverschuldung erhöht das Risiko – besonders bei steigenden Zinsen oder konjunkturellen Schwächen.
📘 Cash
📈 Was ist das?
Der Cashbestand zeigt, wie viele liquide Mittel einem Unternehmen sofort zur Verfügung stehen.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Er gibt Auskunft über die finanzielle Flexibilität: Ein hoher Cashbestand ermöglicht Investitionen, Rückkäufe oder Krisenresistenz.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein hoher Cashbestand zeigt finanzielle Stärke und Handlungsspielraum.
- Cash kann für Investitionen, Schuldentilgung oder Aktienrückkäufe genutzt werden.
- Allerdings: Zu viel ungenutztes Kapital kann auch auf mangelnde Investitionsideen hinweisen.
📘 Anzahl ausstehender Aktien
📈 Was ist das?
Die Anzahl ausstehender Aktien gibt an, wie viele Aktien eines Unternehmens aktuell im Umlauf sind und von Investoren gehalten werden.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Sie ist die Grundlage für viele Kennzahlen wie Gewinn je Aktie (EPS), Marktkapitalisierung oder KGV.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Je weniger Aktien im Umlauf sind, desto höher fällt z. B. der Gewinn je Aktie aus – wichtig für Bewertung und Dividendenrendite.
- Aktienrückkäufe verringern die Anzahl ausstehender Aktien – und steigern den Wert je Aktie.
- Kapitalerhöhungen haben den gegenteiligen Effekt: mehr Aktien → Verwässerung der bestehenden Anteile.
📘 Kurs-Gewinn-Verhältnis (KGV)
📈 Was ist das?
Das KGV zeigt, wie oft der Gewinn pro Aktie im aktuellen Aktienkurs enthalten ist – also wie „teuer“ eine Aktie im Verhältnis zum Gewinn ist.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Das KGV gehört zu den bekanntesten Bewertungskennzahlen. Es hilft Anlegern einzuschätzen, ob eine Aktie im Vergleich zu ihrem Gewinn eher günstig oder teuer erscheint.
🧮 Berechnung
📊 KGV (TTM) = bezogen auf den Gewinn der letzten 12 Monate (Trailing Twelve Months):🎯 Was bedeutet das für Anleger?
- Ein niedriges KGV kann auf eine günstige Bewertung hindeuten – oder auf Probleme im Geschäftsmodell.
- Ein hohes KGV kann Wachstumserwartungen widerspiegeln – oder eine überbewertete Aktie.
📘 Kurs-Umsatz-Verhältnis (KUV)
📈 Was ist das?
Das KUV zeigt, wie viel Anleger für 1 € Umsatz eines Unternehmens zahlen – unabhängig vom Gewinn.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Das KUV ist besonders bei wachstumsstarken oder noch nicht profitablen Unternehmen hilfreich. Es zeigt, wie hoch der Umsatz an der Börse bewertet wird.
🧮 Berechnung
Marktkapitalisierung = 1,27 Mrd. $ | Umsatz (TTM) = 1,79 Mrd. $
Marktkapitalisierung = 1,27 Mrd. $ | Umsatz erwartet = 1,85 Mrd. $
🎯 Was bedeutet das für Anleger?
- Ein niedriges KUV kann auf Unterbewertung hindeuten – oder auf schwache Margen.
- Ein hohes KUV kann hohe Erwartungen widerspiegeln – oder übermäßigen Optimismus.
- Besonders sinnvoll bei Wachstumsunternehmen, bei denen der Gewinn oder Free Cashflow (noch) keine Aussagekraft hat.
📘 Unternehmenswert zu Umsatz (EV/Sales)
📈 Was ist das?
EV/Sales zeigt, wie viel Anleger für 1 € Umsatz eines Unternehmens zahlen, wenn man auch Schulden und Cash berücksichtigt – es ist eine kapitalstrukturbereinigte Version des KUV.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Diese Kennzahl eignet sich besonders für den Vergleich von Unternehmen mit unterschiedlicher Verschuldung – sie zeigt, wie teuer ein Unternehmen tatsächlich im Verhältnis zum Umsatz ist.
🧮 Berechnung
Enterprise Value = 1,12 Mrd. $ | Umsatz (TTM) = 1,79 Mrd. $
Enterprise Value = 1,12 Mrd. $ | Umsatz erwartet = 1,85 Mrd. $
🎯 Was bedeutet das für Anleger?
- EV/Sales ist neutral gegenüber der Kapitalstruktur und eignet sich gut für Unternehmensvergleiche.
- Ein niedriges Verhältnis kann auf eine günstig bewertete Aktie hindeuten – ein hohes Verhältnis auf hohe Erwartungen oder Überbewertung.
- Besonders nützlich bei wachstumsstarken, noch nicht profitablen Firmen.
📘 Unternehmenswert zu Free Cashflow (EV/FCF)
📈 Was ist das?
EV/FCF zeigt, wie viele Jahre es dauern würde, bis ein Unternehmen seinen Unternehmenswert durch freien Cashflow „zurückverdient”.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Diese Kennzahl hilft, Unternehmen auf Basis ihrer tatsächlichen Cash-Erträge zu bewerten – unabhängig von Bilanzierungsregeln oder buchhalterischem Gewinn.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein niedriges EV/FCF deutet auf eine günstige Bewertung bei starker Cashgenerierung hin.
- Ein hohes EV/FCF kann entweder auf Optimismus oder auf temporär schwachen Cashflow hindeuten.
- Besonders hilfreich bei reifen, profitablen Unternehmen mit stabilen Cashflows.
📘 Kurs-Buchwert-Verhältnis (KBV)
📈 Was ist das?
Das KBV zeigt, wie hoch der Marktwert eines Unternehmens im Verhältnis zu seinem bilanziellen Eigenkapital ist.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Das KBV ist besonders bei Substanzwerten (z. B. Banken, Industrie) relevant. Es hilft Anlegern zu erkennen, ob ein Unternehmen unter oder über seinem buchhalterischen Vermögen bewertet ist.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein KBV unter 1 kann auf Unterbewertung oder schwache Rentabilität hindeuten.
- Ein KBV über 1 zeigt, dass der Markt dem Unternehmen Mehrwert über den Buchwert hinaus zuschreibt (z. B. Marken, Patente, Wachstum).
- Das KBV eignet sich besonders gut für Unternehmen mit stabilen, materiellen Vermögenswerten.
📘 Dividende je Aktie
📈 Was ist das?
Die Dividende je Aktie zeigt, wie viel Geld ein Unternehmen pro Aktie an seine Aktionäre ausschüttet – typischerweise jährlich oder quartalsweise.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Sie ist die absolute Größe der Auszahlung je Aktie – wichtig für alle, die regelmäßige Erträge suchen oder Dividendenstrategien verfolgen.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine stabile oder wachsende Dividende je Aktie ist oft ein Zeichen für ein solides Geschäftsmodell.
- Die Dividende je Aktie allein sagt aber nichts über die Rendite – dafür ist auch der Aktienkurs relevant (→ Dividendenrendite).
- Langfristig steigende Dividenden sind oft ein sehr gutes Merkmal (z. B. Dividenden-Aristokraten).
📘 Dividendenrendite
📈 Was ist das?
Die Dividendenrendite zeigt, wie hoch die Dividende eines Unternehmens im Verhältnis zum Aktienkurs ist.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Sie hilft dabei, Dividendenaktien vergleichbar zu machen – unabhängig vom absoluten Auszahlungsbetrag.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine stabile Dividendenrendite kann auf verlässliche Ausschüttungen hinweisen.
- Ein Vergleich der 1J- und 5J-Rendite hilft zu erkennen, ob das Dividendenwachstum mit dem Kurswachstum Schritt hält.
- Eine niedrige Rendite ist nicht zwingend negativ – sie kann auf starkes Kurswachstum hindeuten.
📘 Dividendenwachstum
📈 Was ist das?
Das Dividendenwachstum zeigt, wie stark ein Unternehmen seine Dividende je Aktie über die Zeit gesteigert hat.
🧮 Wie wird es berechnet?
5J: durchschnittliche jährliche Wachstumsrate (CAGR)
🏛️ Wofür ist es wichtig?
Stetig steigende Dividenden gelten als Zeichen für finanzielle Stärke und Aktionärsorientierung – besonders interessant für langfristige Investoren.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein stabiles Dividendenwachstum ist ein Zeichen nachhaltiger Ertragskraft.
- Ein hohes Dividendenwachstum kann ein erheblicher Hebel deiner Rendite sein:
- Wenn ein Unternehmen z. B. 1 € Dividende zahlt und diese über 5 Jahre jährlich um 15 % erhöht, bekommst du im 5. Jahr bereits 2 € je Aktie – doppelt so viel wie zu Beginn!
📘 Ausschüttungsquote (Payout)
📈 Was ist das?
Die Ausschüttungsquote zeigt, wie viel Prozent des Unternehmensgewinns (pro Aktie) als Dividende an die Aktionäre ausgeschüttet wird.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Die Quote hilft einzuschätzen, ob eine Dividende auf Dauer tragfähig ist – besonders im Verhältnis zum erzielten Gewinn.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine niedrige Ausschüttungsquote bedeutet: Das Unternehmen behält einen größeren Teil des Gewinns für Investitionen – typisch für Wachstumsunternehmen.
- Eine moderate Quote (z. B. 25–50 %) steht oft für ein gesundes Gleichgewicht zwischen Ausschüttung und Zukunftsinvestitionen.
- Hohe Ausschüttungsquoten können attraktiv wirken, sind aber riskanter, wenn die Gewinne schwanken oder sinken.
📘 Dividendensteigerungen in Folge (Erhöhungen)
📈 Was ist das?
Diese Kennzahl zeigt, wie viele Jahre in Folge ein Unternehmen seine Dividende pro Aktie erhöht hat – ohne Kürzung oder Aussetzung.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Ein langer Track Record kontinuierlicher Erhöhungen spricht für Verlässlichkeit, solide Finanzen und aktionärsfreundliche Unternehmenspolitik.
🎯 Was bedeutet das für Anleger?
- Ein langer Zeitraum mit Dividendensteigerungen stärkt das Vertrauen – besonders in Krisenzeiten.
- Solche Unternehmen gelten als verlässlich und planbar für Einkommensinvestoren.
- Je länger die Serie, desto stärker das Commitment gegenüber den Aktionären.
📘 Umsatz
📈 Was ist das?
Der Umsatz zeigt, wie viel ein Unternehmen insgesamt mit seinen Produkten und Dienstleistungen verdient – also den Bruttoerlös vor Abzug von Kosten.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Der Umsatz ist eine der zentralen Kennzahlen zur Einschätzung der Unternehmensgröße, Marktstellung und Wachstumskraft.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein wachsender Umsatz zeigt eine steigende Nachfrage und kann ein guter Frühindikator für Gewinnsteigerungen sein.
- Vergleiche von aktuellem und erwartetem Umsatz geben Hinweise auf das Marktumfeld und Analystenerwartungen.
- Wichtig: Starker Umsatz allein genügt nicht – auch Margen und Profitabilität zählen.
📘 EBITDA
📈 Was ist das?
EBITDA steht für „Earnings Before Interest, Taxes, Depreciation and Amortization“ – also Gewinn vor Zinsen, Steuern und Abschreibungen. Es zeigt das operative Ergebnis eines Unternehmens, bereinigt um bilanztechnische und finanzierungsbedingte Effekte.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
EBITDA ist eine verbreitete Kennzahl zur Beurteilung der operativen Leistungsfähigkeit – insbesondere bei kapitalintensiven Unternehmen oder im internationalen Vergleich.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein hohes oder wachsendes EBITDA spricht für starke operative Erträge – unabhängig von Bilanzierung oder Steuerlast.
- EBITDA ist besonders nützlich, um Unternehmen branchenübergreifend zu vergleichen.
- Wichtig: EBITDA ist keine offizielle Gewinnkennzahl – Abschreibungen und Finanzierungskosten werden ausgeklammert.
📘 EBIT
📈 Was ist das?
EBIT steht für „Earnings Before Interest and Taxes“ – also Gewinn vor Zinsen und Steuern. Es zeigt das operative Ergebnis eines Unternehmens nach Abschreibungen, aber vor Finanzierungs- und Steueraufwand.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
EBIT ist eine zentrale Kennzahl zur Beurteilung der Profitabilität aus dem Kerngeschäft – unabhängig von Kapitalstruktur oder Steuersystem.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein hohes EBIT deutet auf ein profitables Kerngeschäft hin – vor Zinslasten oder steuerlichen Effekten.
- Es erlaubt objektivere Vergleiche zwischen Unternehmen mit unterschiedlicher Finanzierung.
- Im Vergleich mit EBITDA zeigt EBIT bereits den Einfluss von Abschreibungen auf das operative Ergebnis.
📘 Nettogewinn
📈 Was ist das?
Der Nettogewinn ist der verbleibende Jahresüberschuss (oder -fehlbetrag) eines Unternehmens – nach Abzug aller Kosten, Steuern, Zinsen und Abschreibungen
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Der Nettogewinn ist die zentrale Erfolgskennzahl – er zeigt, wie profitabel ein Unternehmen nach allen Kosten tatsächlich arbeitet.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein steigender Nettogewinn zeigt, dass das Unternehmen effizient wirtschaftet – trotz aller Kosten.
- Die Entwicklung des Gewinns beeinflusst z. B. direkt das KGV und weitere Kennzahlen.
- Im Zeitverlauf lässt sich ablesen, wie stabil und profitabel ein Geschäftsmodell wirklich ist.
📘 Free Cashflow (FCF)
📈 Was ist das?
Der Free Cashflow gibt Aufschluss über die echte finanzielle Stärke eines Unternehmens – unabhängig von Bilanzierungsregeln. Er zeigt, wie viel Spielraum für Dividenden, Aktienrückkäufe oder Schuldenabbau besteht.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
FCF reflects a company’s real financial strength – regardless of accounting profits. It shows how much flexibility a company has for dividends, share buybacks, or debt reduction.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein hoher Free Cashflow bedeutet, dass ein Unternehmen echte Finanzkraft besitzt – unabhängig vom bilanzierten Gewinn.
- Er ist oft die solideste Grundlage für nachhaltige Dividenden und Aktienrückkäufe.
- Sinkender FCF kann ein Warnsignal sein – auch wenn der Gewinn stabil aussieht.
📘 Umsatzwachstum
📈 Was ist das?
Das Umsatzwachstum zeigt, wie stark sich die Erlöse eines Unternehmens im Vergleich zum Vorjahr verändert haben – tatsächlich (TTM) und auf Prognosebasis (erwartet).
🧮 Wie wird es berechnet?
Erwartet = (Umsatz erwartet ÷ Umsatz Vorjahr − 1) × 100
Erwartetes Wachstum basiert auf Analystenschätzungen für das laufende Geschäftsjahr.
🏛️ Wofür ist es wichtig?
Ein wachsender Umsatz ist ein zentrales Signal für steigende Nachfrage, Geschäftsausweitung und Marktanteilsgewinne – besonders bei Wachstumsunternehmen.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Wachstum ist der Motor langfristiger Wertsteigerung – besonders bei Technologie- und Wachstumsaktien.
- Wichtig ist nicht nur das aktuelle Wachstum, sondern auch dessen Nachhaltigkeit.
- Prognosen zeigen, ob Analysten weiteres Potenzial erwarten – oder eine Verlangsamung.
📘 EBITDA-Wachstum
📈 Was ist das?
Das EBITDA-Wachstum zeigt, wie stark das operative Ergebnis eines Unternehmens vor Zinsen, Steuern und Abschreibungen im Vergleich zum Vorjahr gestiegen oder gesunken ist.
🧮 Wie wird es berechnet?
Erwartet = (erwartetes EBITDA ÷ EBITDA Vorjahr − 1) × 100
Erwartetes Wachstum basiert auf Analystenschätzungen für das laufende Geschäftsjahr.
🏛️ Wofür ist es wichtig?
Ein steigendes EBITDA ist ein Zeichen für verbesserte operative Ertragskraft – unabhängig von Finanzierungsstruktur oder Abschreibungen.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Starkes EBITDA-Wachstum signalisiert operative Effizienz und Skalierung – besonders relevant in Wachstumsphasen.
- EBITDA-Wachstum ist ein Frühindikator für Margen- und Gewinnentwicklung – sollte aber stets im Zusammenhang mit Umsatz und EBIT betrachtet werden.
📘 EBIT Wachstum
📈 Was ist das?
Das EBIT-Wachstum zeigt, wie stark das operative Ergebnis eines Unternehmens (nach Abschreibungen, aber vor Zinsen und Steuern) im Vergleich zum Vorjahr gewachsen ist.
🧮 Wie wird es berechnet?
Erwartet = (erwartetes EBIT ÷ EBIT Vorjahr − 1) × 100
Erwartetes Wachstum basiert auf Analystenschätzungen für das laufende Geschäftsjahr.
🏛️ Wofür ist es wichtig?
Das EBIT-Wachstum ist ein direkter Indikator für die wirtschaftliche Entwicklung des operativen Geschäfts – unter Berücksichtigung der Kapitalintensität (Abschreibungen).
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Steigendes EBIT signalisiert wachsende operative Rentabilität – auch unter Berücksichtigung von Abschreibungen.
- Das EBIT-Wachstum ist ein wichtiges Maß zur Beurteilung von Geschäftsmodellen mit hohen Investitionskosten.
- Im Zusammenspiel mit Umsatz- und EBITDA-Wachstum ergibt sich ein umfassendes Bild zur operativen Entwicklung.
📘 Nettogewinn-Wachstum
📈 Was ist das?
Das Nettogewinn-Wachstum zeigt, wie stark der Jahresüberschuss eines Unternehmens gegenüber dem Vorjahr gestiegen oder gesunken ist – sowohl tatsächlich (TTM) als auch auf Basis von Prognosen (erwartet).
🧮 Wie wird es berechnet?
Erwartet = (erwarteter Nettogewinn ÷ Nettogewinn Vorjahr − 1) × 100
Der erwartete Wert basiert auf Analystenschätzungen für das laufende Geschäftsjahr.
🏛️ Wofür ist es wichtig?
Der Gewinn ist die entscheidende Ergebnisgröße für ein Unternehmen. Ein wachsender Nettogewinn deutet auf steigende Effizienz, stabile Kostenkontrolle und nachhaltige Ertragskraft hin.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Wachsender Nettogewinn stärkt die Bewertung, Dividendenfähigkeit und Kursfantasie.
- Stagnierender oder rückläufiger Gewinn trotz Umsatzwachstum kann auf Margendruck hinweisen.
📘 Free Cashflow-Wachstum
📈 Was ist das?
Das Free-Cashflow-Wachstum zeigt, wie sich der freie Mittelzufluss eines Unternehmens im Vergleich zum Vorjahr verändert hat – also der Betrag, der nach allen operativen Ausgaben und Investitionen übrig bleibt.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Free Cashflow ist der echte, verfügbare Geldzufluss. Wachstum in diesem Bereich ist ein Zeichen für finanzielle Stärke und steigende Flexibilität bei Dividenden, Rückkäufen oder Investitionen.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Sinkender Free Cashflow kann auf steigende Investitionen, höhere Kosten oder stagnierende operative Erträge hindeuten.
- Besonders bei Dividendenwerten ist das FCF-Wachstum wichtig – denn Dividenden werden letztlich aus dem verfügbaren Cash gezahlt.
- Ein negativer Trend sollte genauer analysiert werden – er ist nicht zwangsläufig schlecht, aber potenziell ein Warnsignal.
📘 Bruttomarge
📈 Was ist das?
Die Bruttomarge zeigt, wie viel vom Umsatz nach Abzug der direkten Herstellungskosten (Material, Produktion) als Bruttogewinn übrig bleibt – also der „Rohgewinn“ eines Unternehmens.
🧮 Wie wird es berechnet?
Auch: Bruttomarge = Bruttogewinn ÷ Umsatz × 100
🏛️ Wofür ist es wichtig?
Die Bruttomarge gibt Aufschluss über die Profitabilität eines Produkts oder Geschäftsmodells vor Fixkosten, Steuern und Zinsen. Sie zeigt, wie effizient ein Unternehmen produzieren oder einkaufen kann.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine hohe Bruttomarge deutet auf starke Preissetzungsmacht und effiziente Herstellung hin.
- Sinkende Bruttomargen können auf Kostensteigerungen oder Preisdruck hindeuten.
- Besonders im Vergleich zu Wettbewerbern liefert die Bruttomarge wertvolle Einblicke in die Geschäftsqualität.
📘 EBITDA-Marge
📈 Was ist das?
Die EBITDA-Marge zeigt, wie viel vom Umsatz als operativer Gewinn vor Zinsen, Steuern und Abschreibungen (EBITDA) übrig bleibt. Sie misst die operative Effizienz – ohne Verzerrungen durch Finanzierung oder Buchwerte.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Die EBITDA-Marge hilft zu verstehen, wie viel operativer Gewinn ein Unternehmen aus jedem Euro Umsatz erzielt – unabhängig von Kapitalstruktur oder steuerlichem Umfeld.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine hohe EBITDA-Marge zeigt starke operative Ertragskraft – unabhängig von Bilanzierungseffekten.
- Die Marge ermöglicht gute Vergleiche zwischen Unternehmen und Branchen.
- Ein stabiler oder wachsender Wert kann auf effiziente Kostenkontrolle und Skalierbarkeit hindeuten.
📘 EBIT-Marge
📈 Was ist das?
Die EBIT-Marge zeigt, wie viel Prozent des Umsatzes als operativer Gewinn nach Abschreibungen, aber vor Zinsen und Steuern übrig bleiben.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Die EBIT-Marge misst die operative Ertragskraft eines Unternehmens unter Berücksichtigung der Kapitalintensität (z. B. Maschinen, Anlagen). Sie eignet sich gut zum Vergleich von Geschäftsmodellen mit unterschiedlich hohen Abschreibungen.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine hohe EBIT-Marge zeigt, dass ein Unternehmen auch nach Abschreibungen effizient arbeitet.
- Sie ist besonders relevant in kapitalintensiven Branchen.
- Langfristig stabile oder steigende Margen sind ein Zeichen wirtschaftlicher Stärke und Preissetzungsmacht.
📘 Nettomarge
📈 Was ist das?
Die Nettomarge zeigt, wie viel vom Umsatz am Ende als „Reingewinn“ übrig bleibt – also nach Abzug aller Kosten, Zinsen, Steuern und Abschreibungen.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Die Nettomarge gibt an, wie effizient ein Unternehmen über alle Stufen hinweg wirtschaftet. Sie zeigt, wie viel Gewinn tatsächlich je Euro Umsatz übrig bleibt.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine hohe Nettomarge zeigt, dass ein Unternehmen nicht nur operativ stark ist, sondern auch seine Finanzierung und Steuerbelastung im Griff hat.
- Vergleiche mit Wettbewerbern geben Einblicke in die wirtschaftliche Qualität.
- Sinkende Nettomargen trotz Umsatzwachstum können ein Warnsignal sein – etwa für steigende Kosten oder sinkende Effizienz.
📘 Free Cashflow Marge
📈 Was ist das?
Die Free-Cashflow-Marge zeigt, wie viel vom Umsatz nach Abzug aller operativen Ausgaben und Investitionen tatsächlich als freier Mittelzufluss übrig bleibt.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Diese Marge misst die echte Liquidität, die ein Unternehmen erwirtschaftet – unabhängig von Bilanzierungsregeln oder Abschreibungen. Sie ist besonders relevant für Dividenden, Rückkäufe und Investitionen.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine hohe Free-Cashflow-Marge zeigt, dass ein Unternehmen nachhaltig liquide Mittel erwirtschaftet.
- Sie ist ein starkes Signal für finanzielle Stabilität und Ausschüttungspotenzial.
- Wichtig ist der langfristige Trend – sinkende Werte können auf steigende Investitionen oder rückläufige operative Effizienz hindeuten.
📘 Eigenkapitalquote
📈 Was ist das?
Die Eigenkapitalquote zeigt, wie hoch der Anteil des Eigenkapitals an der Bilanzsumme eines Unternehmens ist – also wie stark es sich aus eigenen Mitteln finanziert.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Eine hohe Eigenkapitalquote steht für finanzielle Stabilität, Krisenfestigkeit und gute Bonität. Sie ist besonders relevant bei der Beurteilung der Verschuldung.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine hohe Eigenkapitalquote signalisiert finanzielle Stabilität – besonders in Krisenzeiten.
- Ein niedriger Wert kann auf ein höheres Risiko oder eine aggressive Verschuldung hinweisen.
- Wichtig: Die Eigenkapitalquote sollte immer gemeinsam mit der Eigenkapitalrendite betrachtet werden. Nur so lässt sich beurteilen, ob ein Unternehmen nicht nur solide, sondern auch effizient wirtschaftet.
📘 Eigenkapitalrendite (ROE)
📈 Was ist das?
Die Eigenkapitalrendite zeigt, wie effizient ein Unternehmen mit dem Kapital seiner Aktionäre arbeitet – also wie viel Gewinn es pro Euro Eigenkapital erwirtschaftet.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Die Eigenkapitalrendite ist eine zentrale Rentabilitätskennzahl. Sie hilft Anlegern zu erkennen, ob das Unternehmen eine attraktive Verzinsung auf das eingesetzte Eigenkapital erwirtschaftet.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Eine hohe Eigenkapitalrendite spricht für ein starkes, effizientes Geschäftsmodell.
- Besonders interessant ist sie bei kapitalintensiven Firmen oder solchen mit hoher Eigenkapitalquote.
- Wichtig: Ein sehr hoher ROE kann auch auf hohe Schulden hinweisen – daher sollte sie immer im Kontext mit der Eigenkapitalquote betrachtet werden.
📘 Return on Capital Employed (ROCE)
📈 Was ist das?
ROCE misst die Gesamtrentabilität eines Unternehmens – also wie effizient es das eingesetzte Kapital (Eigen- und Fremdkapital) zur Gewinnerzielung nutzt.
🧮 Wie wird es berechnet?
Das eingesetzte Kapital ist das gesamte betriebsnotwendige Kapital, unabhängig von der Finanzierungsquelle.
🏛️ Wofür ist es wichtig?
ROCE eignet sich besonders gut für den Vergleich unterschiedlich finanzierter Unternehmen. Es zeigt, wie effektiv ein Unternehmen Kapital investiert – unabhängig von der Kapitalstruktur.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein hoher ROCE zeigt, dass ein Unternehmen sein Kapital effizient einsetzt – unabhängig davon, ob es durch Eigen- oder Fremdkapital finanziert ist.
- Je höher der ROCE im Vergleich zu ähnlichen Unternehmen, desto mehr Wert schafft das Unternehmen mit seinem investierten Kapital.
- Besonders wichtig ist der ROCE bei Firmen mit hohen Investitionen – z. B. in Industrie, Energie oder Infrastruktur.
📘 Return on Invested Capital (ROIC)
📈 Was ist das?
ROIC zeigt, wie effizient ein Unternehmen das Kapital investiert, das langfristig im operativen Geschäft gebunden ist – unabhängig davon, ob es aus Eigen- oder Fremdkapital stammt.
🧮 Wie wird es berechnet?
- NOPAT = „Net Operating Profit After Taxes“
- Investiertes Kapital = operatives Vermögen abzüglich nicht-verzinster Schulden
🏛️ Wofür ist es wichtig?
ROIC ist eine der präzisesten Kennzahlen zur Bewertung der Kapitalrendite – besonders im Vergleich zur Eigenkapitalrendite, weil es Verzerrungen durch Schulden vermeidet. Er zeigt, ob ein Unternehmen Mehrwert für alle Kapitalgeber schafft.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein hoher ROIC zeigt, wie gut ein Unternehmen mit dem tatsächlich investierten (betriebsnotwendigen) Kapital wirtschaftet.
- Im Unterschied zu ROCE wird nur Kapital betrachtet, das wirklich zur Finanzierung operativer Aktivitäten dient – und verzinst werden muss.
- Besonders hilfreich, um die Kapitalrendite von Unternehmen mit viel „überschüssigem“ Kapital oder zinsfreien Verbindlichkeiten realistisch zu vergleichen.
📘 Verschuldungsgrad (Leverage Ratio)
📈 Was ist das?
Der Verschuldungsgrad zeigt, wie stark ein Unternehmen durch verzinsliche Schulden (z. B. Kredite und Anleihen) im Verhältnis zum Eigenkapital finanziert ist.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Die Kennzahl hilft, das finanzielle Risiko und die Abhängigkeit von Fremdkapital zu beurteilen. Ein hoher Verschuldungsgrad kann die Eigenkapitalrendite steigern – birgt aber auch erhöhte Risiken bei Zinsanstiegen oder Liquiditätsengpässen.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein niedriger Verschuldungsgrad steht für finanzielle Stabilität und Unabhängigkeit.
- Ein hoher Wert kann auf erhöhte Risiken hinweisen – insbesondere bei schwankenden Zinsen oder konjunkturellen Schwächen.
- Wichtig: Immer im Kontext zur Branche und Kapitalintensität bewerten.
📘 Ergebnis je Aktie (EPS)
📈 Was ist das?
Das Ergebnis je Aktie (EPS) zeigt, wie viel Gewinn auf eine einzelne Aktie entfällt – und ist eine der wichtigsten Kennzahlen zur Bewertung von Unternehmen.
🧮 Wie wird es berechnet?
Die verwässerte Aktienanzahl berücksichtigt auch potenzielle neue Aktien, etwa durch Optionen, Wandelanleihen oder andere Umtauschrechte.
🏛️ Wofür ist es wichtig?
EPS bildet die Basis für viele Bewertungskennzahlen wie KGV, PEG oder Payout Ratio. Es macht den Gewinn für Aktionäre vergleichbar – unabhängig von der Unternehmensgröße.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- EPS hilft, die Profitabilität pro Aktie zu erfassen – und ist besonders wichtig im Zeitvergleich oder im Vergleich mit Analystenschätzungen.
- Steigendes EPS kann ein Zeichen für stabiles Wachstum oder Aktienrückkäufe sein.
- Wichtig: Verwende verwässertes EPS für realistische Bewertungen – besonders bei stark aktienbasierten Vergütungssystemen.
📘 Free Cashflow je Aktie (FCF je Aktie)
📈 Was ist das?
Der Free Cashflow je Aktie zeigt, wie viel freier Mittelzufluss einem Unternehmen pro Aktie zur Verfügung steht – nach Investitionen, aber vor Dividenden oder Schuldentilgung.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Der FCF je Aktie zeigt, wie viel liquide Mittel pro Aktie tatsächlich im Unternehmen verbleiben – wichtig für Dividenden, Aktienrückkäufe oder Schuldentilgung. Im Gegensatz zum Gewinn ist er schwerer manipulierbar und daher besonders aussagekräftig.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein hoher Free Cashflow je Aktie ist ein Zeichen für hohe finanzielle Flexibilität.
- Er zeigt, wie viel Kapital ein Unternehmen effektiv einsetzen oder ausschütten kann.
- Besonders relevant für dividendenstarke Unternehmen oder solche mit starker Kapitalrendite.
📘 Short Interest
📈 Was ist das?
Short Interest zeigt, wie viele Aktien eines Unternehmens aktuell leerverkauft wurden – also von Investoren geliehen und verkauft, in der Erwartung fallender Kurse.
🧮 Wie wird es berechnet?
Der Wert zeigt den Anteil der Aktien, der aktuell auf fallende Kurse spekuliert wird.
🏛️ Wofür ist es wichtig?
Short Interest dient als Stimmungsindikator: Ein hoher Wert deutet auf Skepsis oder negative Erwartungen gegenüber dem Unternehmen hin – kann aber auch zu einem „Short Squeeze“ führen, wenn der Kurs plötzlich steigt.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein niedriger Short Interest deutet auf Vertrauen in das Unternehmen hin.
- Ein hoher Wert kann ein Warnsignal sein – oder eine Chance, wenn sich die Stimmung dreht.
- Besonders spannend in volatilen Märkten oder vor wichtigen Quartalszahlen.
📘 Employees
📈 Was ist das?
Die Mitarbeiteranzahl zeigt, wie viele Personen ein Unternehmen weltweit beschäftigt – ein Indikator für Größe, Struktur und Geschäftsmodell.
🧮 Wie wird es berechnet?
🏛️ Wofür ist es wichtig?
Sie hilft bei der Einschätzung von Skaleneffekten, Effizienz und Personalkosten. Zusammen mit Umsatz und Gewinn lassen sich Kennzahlen wie Produktivität je Mitarbeiter ableiten.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Viele Mitarbeiter bedeuten große operative Komplexität – aber auch hohes Umsatzpotenzial.
- Produktivität je Mitarbeiter ist ein wichtiger Indikator für Effizienz.
- Besonders spannend bei stark wachsenden Tech- oder Industrieunternehmen.
📘 Umsatz je Mitarbeiter
📈 Was ist das?
Der Umsatz je Mitarbeiter zeigt, wie viel Erlös ein Unternehmen durchschnittlich pro Beschäftigtem erwirtschaftet – eine Kennzahl für Effizienz und Produktivität.
🧮 Wie wird es berechnet?
Die Mitarbeiterzahl stammt in der Regel aus dem letzten verfügbaren Jahresbericht.
🏛️ Wofür ist es wichtig?
Diese Kennzahl hilft, Geschäftsmodelle zu vergleichen – insbesondere zwischen arbeitsintensiven und technologiegetriebenen Unternehmen. Ein hoher Wert deutet auf Automatisierung, Effizienz oder hohen Wertschöpfungsanteil hin.
🧮 Berechnung
🎯 Was bedeutet das für Anleger?
- Ein hoher Umsatz je Mitarbeiter spricht für ein skalierbares und margenstarkes Geschäftsmodell.
- Ein niedriger Wert kann auf arbeitsintensive Prozesse oder geringere Wertschöpfung hinweisen.
- Besonders hilfreich beim Vergleich von Tech- vs. Industrieunternehmen.
RPC, Inc. Aktie Analyse
Analystenmeinungen
12 Analysten haben eine RPC, Inc. Prognose abgegeben:
Analystenmeinungen
12 Analysten haben eine RPC, Inc. Prognose abgegeben:
RPC, Inc. Events
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RPC, Inc. — Q2 2026 Earnings Call
1. Management Discussion
You You Good morning, and thank you for joining us for RPC Inc's second quarter 2026 earnings conference call. Today's call will be hosted by Ben Palmer, President and CEO, and Mike Schmidt, Chief Financial Officer. At this time, all participants are in listen-only mode. Thank you. Following the presentation, we will conduct a question and answer session. Instructions will be provided at that time for you to queue up for questions. I would like to advise everyone that this conference call is being recorded. We'll now turn the call over to Mr.
Schmidt. 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 10K 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 measures allow us to compare performance consistently over various periods. Our press release and our website contain reconciliations of these non-GAAP measures to the most directly comparable GAAP measures. I'll now turn the call over to our President and CEO, Ben Palmer.
Thank you, Mike, and thank you for joining our call this morning. Before turning to our second quarter results, I want to briefly address the CES succession announcement we made in June. As we announced, I plan to retire as President and CEO and step down from the board by the end of 2026, following 30 years with RPC. The board has initiated a search for my successor, which is expected to conclude before year end, and I will remain in an advisory capacity to support a smooth leadership transition. It's been the privilege of my professional life to spend the past three decades at RPC. Together with our talented team, we've built a diversified platform underpinned by strong brands, low leverage balance sheet and a disciplined focus on full cycle returns. I'm committed to working closely with the board to ensure continuity for our employees, customers and shareholders.
And in the meantime, our focus remains on discipline execution, prudent capital allocation, and delivering long-term shareholder value. With that, let's turn to our second quarter results, and I'll provide you with a few operational highlights. While industry activity levels remained relatively subdued, RPC delivered sequential revenue growth and meaningful margin expansion driven by strong execution, improved job mix, technology adoption, and contributions from targeted investments. Within technical services through tubing solutions, downhole tools revenues increased 10% sequentially. We saw broad-based strength with our Rocky Mountain region growing more than 20% sequentially. ThruTubing Solutions is a market leader in downhole completion tools with a portfolio of products supported by proprietary technologies and our patent portfolio. Over the last several years, we have introduced new motor sizes, new motor components, split string tools, surface tools, and stage isolation products, just to name a few.
These products have been well received and allow us to continue our market leadership. Retrieving Solutions has introduced new sizes of its metal on metal power section called Metal Max, along with expanding availability across districts. This has resulted in increased addressable market and improved Metal Max penetration. MetalMax's performance and design characteristics are enabling entry into new markets and applications previously served by traditional power section components. The product reduces the number of trips an operator has to make out of the hole, reducing non-productive time. Our ThruTubing Solutions team completed multiple horseshoe wells in the Permian, exceeding 27,000 feet over the last several weeks. In addition to long lateral sections, these wells have added friction and complexities due to the turns.
We collaborate with operators to package a solution that will drill out the well in the most efficient and reliable way. Through Teeming Solutions Unplugged technology, which replaces traditional drill bridge plugs, continues to have success during In the quarter, we had several additional customers trial this product. Overall, our downhole tools business is benefiting from more complex and longer laterals that are well-suited for our technology solutions. Also within technology services, Cut Pressure Control's revenues were up 8% sequentially, led by coil tubing, snubbing, and well control. Cut Pressure Control's snubbing business was up 14% sequentially. We received a big bore snubbing unit during the quarter and began work in early June. The unit has since mobilized to a multi-project job.
The Big Boar's design features make it ideally suited for cavern gas storage inspections, which is regulatory driven. This is part of our effort to continue diversifying beyond well completions. Coil tubing, our largest service line within Cub Pressure Control, was up 6% sequentially. Coil tubing had the strongest growth in Elk City, which serves multiple basins. as well as growth in Pennsylvania and Michigan. We saw increased utilization across all of our larger diameter units with the two and seven H unit fully utilized. As part of our multi-year quality of the strategy, we have accelerated our investments here. expect a total of three 2-8 7th capable units by year end with two coming from real trailer upgrades to previously modernized units and one from the previously delivered Trailblazer unit. These upgrades provide additional large-sampler capabilities to be deployed to the highest-return markets.
While the wireline market conditions remain highly competitive, we have remained disciplined on pricing and continue to maintain a strong position with key customers. Intel wireline revenues were down 16% sequentially. Revenues were impacted by customer activity reductions and lost crews due to aggressive competitor pricing. Cut Energy Services pressure pumping business saw a 1% sequential revenue decrease. Revenues benefited from slightly improved pricing but was also offset by slightly lower pump hours. Job mix impacted revenues as we saw less fuel and M&S costs and revenues but benefited our profit margin. Our focus remains on continuing to earn an appropriate return on our equipment over a cycle, but without significant activity changes, we do not see meaningful increases in pricing.
Generally we have no plans to reactivate fleets at current levels. However, we are encouraged by easing gas takeaway constraints and the potential for 27 EMP budgets to reflect a more supportive commodity price environment. Current oil prices are more supportive of activity levels. However, the volatility from geopolitical events creates a less certain environment for customer investment decisions. We believe operators are being cautious due to uncertainty around the duration and ultimate levels of commodity prices. We do not expect a significant change in activity near term, but we acknowledge the dynamic nature of the market and are in a position to respond. Our focus is on controllable factors, strong full cycle returns, and cash flow generation.
With that, I'll now have Mike discuss the quarter's financial results. Thanks, Ben.
Our second quarter financial results with sequential comparisons to the first quarter of 2026 are as follows. REVENUES INCREASED 1% TO $461 MILLION. Breaking down our operating segments, technical services, which represented 95% of our total second quarter revenues, were up 1%. support services which represented five percent of revenues were up 11 percent The following is a breakdown of the second quarter revenues for our largest service lines. Pressure pumping, 30.3%. Downhole tools, 25.3%. wireline 19.2%, coil tubing 8.8%. CEMENTING, 6.2%. RENTAL TOOLS, 3.6%. Together, these service lines accounted for 94% of our total revenues. Cost of revenues excluding depreciation and amortization was $346 million compared to $356 million in the prior quarter. This decrease was primarily related to job mix as we provided lower levels of materials and supplies and fuel for customers during the quarter.
SG&A expenses were $52 million, up from $48 million in the prior quarter. increase due to some incentive comp, higher bad debt expense, and some other consulting expenses. As a percent of revenue, SG&A increased 60 basis points to 11.2%. Depreciation and amortization was $43 million, slightly up from the previous quarter. The effective tax rate was lower compared to the previous quarter, primarily due to smaller impact of the permanent adjustments on increased pre-tax income. ADJUSTED DELUDED EPS WAS $0.08 PER SHARE IN THE SECOND QUARTER. ADJUSTMENTS TOLD $0.03 PER SHARE AND RELATED TO THE ACQUISITION-RELATED EMPLOYMENT COSTS. Adjusted EBITDA was $66 million, up from $53.5 million.
Adjusted EBITDA margins increased 250 basis points sequentially to 14.3%. EBITDA margin benefited by modest pricing improvements, better job mix, operational leverage from higher revenues at several locations, and AND A SALES TAX REFUND. NET CASH PROVIDED BY OPERATING ACTIVITIES YEAR TO DATE is $75 million. And after CapEx of $71 million, free cash flow is $4 million. Working capital has been impacted by higher revenues and the timing of customer payments. AT QUARTER N, WE HAD APPROXIMATELY $180 MILLION IN CASH, $30 MILLION NOTES PAYABLE, AND NO BORROWINGS ON OUR $100 MILLION REVOLVING CREDIT FACILITY, WHICH WE AMENDED AND EXTENDED DURING THE QUARTER THROUGH JUNE 2031. Our regular cash dividend remains unchanged at 4 cents per share.
Dividend payments totaled $17.7 million today. We expect 2026 capital expenditures in the range of 170 to 190 million dollars. We raised the range due to targeted growth investments where we see strong full cycle returns, particularly in the areas that can further differentiate our service offerings. Given the timing and lead times, some of the spend may ultimately occur in 2027. we will continue to adjust our spend based on project returns and opportunity.
I'll now turn it back over to Ben for some closing remarks. BEN BEDERSON, Okay. Thank you, Mike. While we remain cautious regarding the pace of broader industry improvement, we believe RPC is well positioned with differentiated technologies, a strong balance sheet, and the financial flexibility to pursue attractive opportunities while continuing to generate cash and deliver strong returns. and strong full cycle returns. I want to thank all of our employees who put in tremendous work to provide high levels of service value to our customers every day. Thank you for joining us this morning, and at this time, we're happy to address any questions.
We will now begin the question and answer session. If you would like to ask a question, please press star 1 to raise your hand. Withdraw your question, press star one again. We ask that you pick up your handset when asking a question to allow for optimum sound quality. If you are muted locally, please remember to unmute your device. please stand by while we compile the Q&A roster. If you would like to ask a question, please press star 1 to raise your hand. Your first question comes from the line of John Daniel with Daniel Energy Partners.
John, your line is open. Please go ahead.
2. Question Answer
Thank you. Good morning, guys. Morning, John. Ben, first of all, I just want to thank you for the support over the years and wish you a great retirement. Hopefully you'll come to Midland for the Barber Club in November. So, I only really have one question. I have two. Thank you. On the coil tubing, the upgrades, are you seeing... Are they staying in one basin or do you see the opportunities to take them across the U.S.? And just your thoughts on where that could go over the next couple of years.
years in terms of need for more of those units. Um, yes, it.
Yes, we've done a lot in South Texas, the VidCon, and the Permian. That's where our focus has been, but obviously they are mobile, and particular customer relationships will have a big bearing on where we send those. Yes. I would see at this point in time, those particular basins are the ones that we would probably be focused on. We don't see any big shifts at this point in time in that.
Okay, and then I think that I'm going to squeeze one more just on your on the frac side of the business I know you don't I don't think you're going to disclose how many fleets you get running a day But just just some thoughts on Do you see opportunities for incremental horsepower deployments?.
In terms of increased, I would say no. What we are doing, though, we are supporting the business, we are making selective, you call them upgrades or whatever you know as equipment uh obviously something you manage over over time in terms of uh older units or those refurbed or replaced obviously we're upgrading those to the newer technology obviously leaning more and more uh into uh the the equipment that is either entirely or the DGB type of equipment. So that's ongoing. that process of doing those upgrades. I would say again, we're trying to remain disciplined as we have over time. We're not aggressively trying to upgrade. We're trying to be prudent. use what we have that's available, that we can generate decent returns with, but we're able to, you know, the business is able to... you know, fund those needs that we're willing to put back into the business.
Okay, well thank you very much and again congratulations. Thank you John, appreciate that very much.
If you would like to ask a question, please press star 1 to raise your hand. We have reached the end of the Q&A session. I will now turn the call back to Mr. Ben Palmer for closing remarks.
Okay, thank you, operator, and thank you for listening in. We appreciate it. Hope you have a good rest of the day and look forward to checking in. Take care.
This concludes today's call. A reminder that the conference call will be replayed on www.rpc.net within two hours following the completion of the call. Thank you for attending. You may now disconnect.
This live transcript is auto-generated without human intervention or review.
[Call has ended.]
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RPC, Inc. — Q2 2026 Earnings Call
RPC, Inc. — Q2 2026 Earnings Call
Leichtes Umsatzwachstum (Q/Q) und 250 Basispunkte Margenverbesserung; Management setzt auf Technologie‑führerschaft, gezielte CapEx‑Investitionen und Kapitaldisziplin.
📊 Quartal auf einen Blick
- Umsatz: $461 Mio (+1% q/q)
- Adj. EBITDA: $66 Mio; Margin: 14.3% (+250 bp q/q)
- Adj. EPS: $0,08 pro Aktie
- Free Cash Flow: $4 Mio YTD nach CapEx von $71 Mio; operativer Cashflow YTD $75 Mio
- Bilanz: $180 Mio Barmittel, $30 Mio Notes Payable, keine Inanspruchnahme der $100 Mio Revolving Credit Facility
🎯 Was das Management sagt
- Führungswechsel: CEO Ben Palmer tritt Ende 2026 zurück; Vorstand sucht Nachfolger, Palmer bleibt beratend tätig zur Übergabe
- Technologie‑fokus: Wachstumstreiber sind Downhole/ThruTubing‑Technologien (z.B. Metal Max, ThruTubing Lösungen) sowie spezialisierte Coil‑/Snubbing‑Einheiten für neue Anwendungsfälle
- Kapitaldisziplin: Keine breite Reaktivierung von Flotten; gezielte Upgrades und selektive Investitionen mit Fokus auf volle Zyklusrenditen
🔭 Ausblick & Guidance
- CapEx: 2026-Leitwert erhöht auf $170–190 Mio (Fokus auf wachstums- und differenzierungsfördernde Investitionen)
- Dividende: Quartalsdividende unverändert $0,04; Auszahlung heute $17,7 Mio
- Risiken: Wettbewerbsdruck (Preis) bei Wireline, volatile Rohstoffpreise und unsichere Investitionsentscheidungen der Kunden
❓ Fragen der Analysten
- Coil Tubing: Management sieht primär Einsatz in Permian/South Texas, Einheiten sind mobil und können basinspezifisch verlagert werden; Kundennähe entscheidend
- Frac‑Horsepower: Keine Aussicht auf signifikante zusätzliche Horsepower‑Deployments; Fokus auf selektive Upgrades/Modernisierungen statt aggressive Flottenerweiterung
⚡ Bottom Line
- Implikation: RPC zeigt operative Verbesserung und Margenaufbau dank technologiegetriebener Job‑Mix‑Effekte; erhöhte, aber gezielte CapEx signalisiert Wachstumsschwerpunkte. Solide Bilanz und Dividende bieten Stabilität, kurzfristiges Umsatzwachstum bleibt jedoch von Branchenaktivität und Preiswettbewerb abhängig.
RPC, Inc. — Q1 2026 Earnings Call
1. Management Discussion
Good morning, and thank you for joining us for the RPC, Inc. First Quarter 2026 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 invite everyone at this conference 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 that 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 measures allow us to compare performance consistently over various periods. Our press release and our website contain reconciliations of these non-GAAP measures to the most directly comparable GAAP measures.
I'll now turn the call over to our President and CEO, Ben Palmer.
Thank you, Mike, and thank you for joining our call this morning. Today, we'll talk about our first quarter results and provide you with a few operational highlights. First quarter results reflect a sequential revenue increase across the majority of our service lines despite the winter storms early in the quarter. Demand strengthened as the quarter progressed. Within Technical Services, Thru Tubing Solutions, downhole tools revenues increased 11% sequentially. We saw broad-based strength with most geographic regions growing double digits. .
Thru Tubing Solutions is a market leader in downhole completion tools with a portfolio of products supported by proprietary technologies. We have introduced a number of new products in recent years that have helped expand our market leadership position. Thru Tubing Solutions continues to roll out of its new metal-on-metal power section, Metal Max. Adoption is accelerating with growth across both geographic markets and motor size offerings as inventory availability expands.
Metal Max's performance and design characteristics are enabling entry into new markets and applications previously served by traditional power section components. Over the past 6 months, Metal Max has strategically displaced conventional power sections, but still only represents 15% of our power section utilization. We continue to see meaningful opportunities for further displacement as customers increasingly recognize the product's performance and value. Thru Tubing Solutions on [ Plug ] Technology, which replaces traditional bridge plugs is picking up momentum with several operators opting to utilize the technology as their primary stage isolation method. We are also seeing success with our new surface laboratory technology, particularly in longer laterals. Overall, our downhole tools business is benefiting from longer laterals and the need for technologies to deal with the related completion challenges.
Also within Technical Services, Cudd Pressure Control revenues were down 7% sequentially, led by weakness in the Rockies region and tough comparables and well control as the fourth quarter had multiple large well control events. This was partially offset by nitrogen, which was up 13% and snubbing, which was up 8% as equipment was well utilized during the quarter.
Cudd Pressure Control snubbing business is expected to receive and begin testing the big bore snubbing unit later this month. This unit was specifically designed for cavern gas storage work and was built to support a long-term customer with its storage well maintenance schedule. This work is regulatory driven and as part of our efforts to continue diversifying into other markets. [ Coiled tubing ] our largest service line within Cudd Pressure Control was down 7% sequentially.
Coiled tubing using based tough comparables in the Rockies and Northeast regions. Our new 278 unit continues to be well utilized. And we are upgrading an existing unit to handle the larger 2 7/8-inch tube. Pintail Completions, the largest wireline provider in the Permian Basin generated revenues that were relatively flat sequentially. Given our leading market position, we expect Pintail's business to trend closely with large Permian operator activity. Cudd Energy Services pressure pumping business saw a 20% sequential revenue increase due to job mix, primarily from operators, and we provided materials and supplies, along with fuel during the quarter.
We have no plans to react fleets at current pricing levels, but we are cautiously optimistic based on higher oil prices and less calendar white space. However, natural gas takeaway capacity, particularly in the Mexico good limit improvement in customer activity. Overall, we see recent geopolitical developments as incrementally positive as pricing pressures appear to be subsiding and current activity is being supported by higher commodity prices. However, we believe operators are cautious and concerned about the duration of higher crude prices and the perception of capital budget increases in the equity market.
As such, we have only seen modest responses by customers since the Middle East events began. Our focus remains on full cycle returns, but our balance sheet affords us the optionality of leaning into certain markets where we see additional upside. We will continue to evaluate these opportunities with our focus being on cash flow generation and maximizing value over the long term. And with that, Mike will now discuss the quarter's financial results.
Thanks, Ben. Our first quarter financial results were sequential comparisons to the fourth quarter of 2025 are as follows: revenues increased 7% to $455 million compared to Q4 '25. Breaking down our operating segments, Technical Services, which represented 95% of our first quarter revenues was up 7%. Support Services, which represented 5% of revenues was flat. The following is a breakdown of our first quarter revenues for our largest service lines. Pressure pumping was 31%. Downhole tools was 23.3%, wireline 22.7%; coiled tubing 8.5% cementing, 5.8% and rental tools 3%. .
Together, these service lines accounted for 94% of our total revenues. Cost of revenues, excluding depreciation and amortization was $356 million compared to $330 million in the previous quarter. This increase was primarily related to job mix as we provided higher levels of materials and supplies and fuel for customers during the quarter. In addition, the prior period also reflected the impact of transitioning of wireline cables accounting to expensing. SG&A expenses were $48 million, up slightly from the prior quarter.
As a percent of revenues, SG&A decreased 60 basis points to 10.6%, primarily due to only a modest increase in SG&A with the increase in revenues. Depreciation and amortization was $43 million, up from $39 million in the prior quarter. Fourth quarter D&A reflected a $3 million reduction related to the change in wireline cable accounting. The effective tax rate was unusually high during the quarter due to the disproportionate impact of permanent nondeductible items, mainly acquisition-related employment costs on a relatively low pretax income.
Adjusted diluted EPS was $0.03 in the first quarter, adjusted totaled $0.03 per share and related to acquisition-related employment costs, adjusted EBITDA was $53.5 million down from $55.1 million. Adjusted EBITDA margin decreased 110 basis points sequentially to 11.8%. The decrease was due to several factors, including higher materials and supplies, higher fuel costs and lower other income. Operating cash flow year-to-date was $31 million and CapEx of $32 million. Free cash flow was negative $1 million.
Operating cash flow was negatively impacted by increased revenues that resulted in higher working capital, specifically higher accounts receivable being a meaningful use of cash along with unearned revenue that we benefited from in the fourth quarter, partially offset by higher accounts payable. At quarter end, we had approximately $201 million in cash, a $50 million seller finance note payable and no borrowing on a $100 million revolving credit facility.
Our regular cash dividend remains unchanged at $0.04 per share. Dividend payments totaled $8.9 million. We expect 2026 capital expenditures in the range of $160 million to $180 million. We raised the low end of the range versus the prior quarter due to opportunistic asset purchases that we were able to deploy. Recall our 2026 range includes approximately $15 million delayed from late 2025. We will adjust our spend based on project returns and opportunity.
I'll now turn it back over to Ben for some closing remarks.
Thank you, Mike. We are cautiously optimistic about the rest of the year as commodity prices are more supportive of activity than they were entering 2026. Much will depend on operators' ability to hedge at higher prices, the duration of higher commodity prices and service companies discipline in a more supportive market. .
I want to thank all of our employees who have put in tremendous work to provide high levels of service and value to our customers. Thanks for joining us this morning. And at this time, we're happy to address any questions.
[Operator Instructions] Our question comes from the line of Don Crist with Johnson Right.
2. Question Answer
Obviously, things are moving pretty quick with the conflict overseas and oil pricing where it is today. Ben, just your thoughts around the spot market here and pricing in the spot market. Obviously, compared to your competitors, you have more spot working market exposure, generally speaking. Just curious as to what you're seeing and hearing from your customers out there.
Thanks for the question, Don. We as part of what we tried to relay in our comments there is -- certainly, this environment with the prices is supportive. I'll say that we have seen some firming up, we have seen emphasis of some firming. I wouldn't say it is not broad-based yet at this point. So I would say it's incrementally positive, but like I said, it's not really broad based yet at this point. .
Don, Sorry, just to point out too, spot really impact -- you're referring to pressure pumping, and that's really only 31% of our overall revenue.
Well, I was just wanting to say it's not across all kind of product lines, right? Because I would assume that crude tubing and coil which is the fastest kind of return dollars from an operator's perspective would see some firming as well?
Some, but they have a lot of larger customers. So really, I mean, spot is not a big part of their business as it is for pumping.
Okay. And then obviously, you stacked a few fleets over the past couple of quarters, and I don't know what state those fleets are in, but I would assume that they could be brought back fairly quickly if that call arises. Just any thoughts around the yards to bring back equipment or upgrade equipment here and the potential cost to bring back a fleet, I would assume that it's $3 million just for fluid and stuff like that, but any thoughts around the reactivation cost for a fleet?
There hasn't been a lot of discussion about that because like I said, they really haven't been broad-based opportunities to really look at that seriously. I mean, at the current pricing levels, no, we would not reactivate a fleet. There are some discussions going on that could result in us perhaps looking at that, but we would need some visibility into, obviously, the pricing and the duration of the work and the volume of the work that was going to occur.
In terms of time, the fleets that you prefer to that we have stacked, those are no longer staffed. So it would take some time and some planning to be able to restaff those. And you're right, the comps that we were to reactivate that they would be not necessarily all of them, we need to have fluid ends we placed. So the cost really depends. But historically, you're right. If you needed to replace a full fleet worth of fluid ends, that's probably a reasonable estimate. But I think it's still at this moment, it's still a little bit early. It's a good question, a reasonable question, but it's a little bit early. We're really not talking about leaning into reactivating fleets. I think the first thing we would try to do is take advantage of higher prices and with the fleets that we already have deployed.
And Don, just point out those fleets are both our Tier 2 diesel fleets, which aren't as customers are more focused on, obviously, dual fuel and lower cost. Diesel is pretty expensive right now. So that's the other factor there.
I appreciate the color. If I could sneak in one more on the labor side. Are you able to get people today if you tried? Or do you think that, that would be more difficult given the current environment and people leaving to go to Amazon or other places?
Well, we haven't been hiring a tremendous amount and not trying to increase the staffing. So we don't know for sure. But that could present a challenge, yes. That hopefully would play into the ability to firm up pricing as well, right?
[Operator Instructions] Our next question comes from the line of John Daniel with Daniel Energy Partners.
I listened a lot of the E&P calls as I read the press releases, it's essentially flattish with a couple of one-offs, I think Don alluded to in terms of incremental rigs, you listen to the land drillers, they're all kind of calling for higher activity in Q2 and with prospects for more work going on in the back half. I'm just curious, what do you think the disconnect is? And for some of your product lines that might be tied more to the drilling side, are they seeing a similar rise of activities, maybe what the land driller ship [indiscernible] any color on there.
I mean I think that -- we hope that, obviously, as drilling improves, then that will improve some of our businesses, as you alluded to. And the pricing still hasn't caught up. I mean there is -- there has an upward momentum, but I think the disconnect is we haven't -- and I think other someone haven't really seen the increase in pricing yet to really push us to start moving. So we still have kind of supply demand. And so until it actually starts and we start getting a fair price making it worthwhile. You'll probably see more activity -- it's just -- hopefully, we read your note this week, hopefully, that factor, we see 50 new rigs come on that will help drive pricing activity.
John, our business, our rentals business is a relatively small percentage of our total revenue, and it's a nice business, has good margins, a lot of OpEx costs, therefore, increased revenue can really drop to the bottom line. So it has been a little bit -- had a little bit of a challenge in the last couple of quarters, but they're seeing some improvement. I don't know that because it's small and have particular regions where they are particularly active. They're seeing a little bit of improvement, but again, I wouldn't say that we're seeing anything that's broad-based yet. .
Fair enough. I hope the forecast is right. I hate looking too stupid. Yes, the next question I've got is just -- and I don't know if this might be too granular and you might not even have the data in front of you, but I'm curious as your guide, the businesses talk about quoting activity, if you had to hazard a guess, the inquiries that are coming in, what proportion of them would you characterize as being from the public operators versus private. Again, you might not have that handy, but if you do, it would be interesting to hear.
The inquiries and questions.
People reaching out to -- more about availability, equipment, et cetera. .
Yes, probably more of the products. I would say. .
[Operator Instructions] With no further questions in queue, I will now hand the call back over to Mr. Ben Palmer for closing remarks.
Well, thank you for joining this morning. We appreciate it. Appreciate your interest, and hope you have a great rest of the day. Take care. .
And once again, I would like to remind everyone that the replay on today's call will be available at www.rpc.net within 2 hours following today's completion of the call. This does conclude today's conference call. You may now disconnect.
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RPC, Inc. — Q1 2026 Earnings Call
RPC, Inc. — Q4 2025 Earnings Call
1. Management Discussion
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 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 measures allow us to compare our performance consistently over various periods. Our press release and our website contain reconciliations of these non-GAAP measures to the most directly comparable GAAP measures.
I'll now turn the call over to our President and CEO, Ben Palmer.
Thanks, Mike, and thank you for joining our call this morning. Today, we'll talk about our fourth quarter results and provide you with a few operational highlights. Fourth quarter results reflect a sequential revenue decline across the majority of our service lines. While October and November were consistent with third quarter monthly activity, we saw weakness in December, particularly later in the month.
During the quarter, service lines other than pressure pumping represented 7% of total revenues and saw a 4% sequential decrease compared to the third quarter of 2025. Although we did see revenues increase at Spinnaker Group's cementing business, [ Patterson's ] services, storage and inspection business and cut pressure control, snubbing and well control businesses.
Within Technical Services, Thru Tubing Solutions downhole tools revenues decreased 9% sequentially. We saw growth in our Southeast and Northeast regions, our largest region the Western MidCon, which includes El City and Odessa locations, was flat sequentially. Weakness was experienced in the international and the Rocky Mountain regions. Thru Tubing Solutions is a market leader in downhole completion tools and includes a portfolio of products and advanced technologies.
We have seen success building since our late 2024 rollout of the [ A10 ] downhole motor. The new motor is positioned in the completions market to specifically address today's longer laterals and higher flow rates. We believe this tool technology provides customers with unmatched performance and has resulted in incremental share gains. Thru Tubing Solutions continues to expand the rollout of its new metal on metal power section component called Metalmax. The product allows for shorter motor design, higher torque output, reduce downtime and improve performance and demanding downhole environments. This improved technology allows us to expand into new markets due to these advantages. We initially prototyped the Metalmax motor in a few key geographic areas and have recently expanded into other regions.
Thru Tubing Solutions continues to actively market and develop its unplug technology. This innovative product reduces and it can sometimes eliminate the need for bridge plugs during the completion of a well and delivers faster drill-out times while achieving highly effective stage isolation. While the product is early in its life cycle, adoption has steadily increased.
Also within Technical Services, Pressure Controls, revenues were up 1% sequentially led by increases in well control activity and snubbing, which was up 13% as this equipment was well utilized during the quarter. At Pressure Control snubbing business expects to take delivery of a big bore snubbing unit in 2026 that is specifically designed for cavern gas storage work. This unit was built to support a long-term customer, their storage well maintenance schedule over the next several years. This work is regulatory driven and as part of our effort to continue diversifying into other markets.
Coil tubing, our largest service line within cut Pressure Control was down 2% sequentially after a really strong third quarter. Our new 2 and [ 78 ] unit continues to be well utilized. We are upgrading an existing coil unit to handle the larger 2 7/8-inch tubing and is expected to be in service by the middle of 2026. [ Bentel ] completions, the largest wireline provider in the Permian Basin experienced a decline in revenues of 3% during the quarter. Given our market position, we expect 2026 to trend closely with large Permian operator activity.
Cut Energy Services press pumping business saw a 6% sequential decrease. This decline largely related to holiday shutdowns and a fleet we idled in October. We do not expect to reactivate any fleets until returns improve. Many of our businesses have been impacted by recent quarter storms early in the first quarter. While activity is expected to continue as conditions improve, these lost operating days are not fully recoverable and the associated costs incurred will impact near-term profitability.
RPC's focus remains on leveraging our strong balance sheet and maximizing long-term shareholder returns. We continue to strategically grow our less capital-intensive service lines, both on organically and through acquisitions. With that, Mike will now discuss the quarter's financial results.
Thanks, Ben. Our fourth quarter financial results were sequential comparisons to the third quarter of 2025 are as follows: revenues decreased 5% to $426 million compared to Q3. Breaking down our operating segments, Technical Services, which represented 95% of our total fourth quarter revenues was down 4%. Support Services, which represented 5% of our revenues, was down 18%. The following is a breakdown of the fourth quarter revenues for our largest service lines, pressure pumping 27.6%, wireline, 24.1%; downhole tools, 22.4%; coiled tubing, 9.7%; cementing 5.9%; and rental tools, 3.4%. Together, these service lines accounted for 93% of our total revenues.
As disclosed in this morning's press release, we made the decision to expense wireline cables that were previously being capitalized beginning in the fourth quarter. This was due to a change in our useful lives because of increased activity and change in work type. The impact is seen primarily through an increase in cost of revenues and a reduction in capital expenditures, but also a modest decrease in depreciation and amortization.
Cost of revenues, excluding depreciation and amortization, was $337 million compared to $335 million in the previous quarter. This increase was primarily related to expensing wireline cables and other materials and supply documents related to job mix.
SG&A expenses were $48 million, up slightly from $45 million. As a percent of revenue, SG&A increased 120 basis points to 11.2%, primarily due to employee incentives and higher other related implanted costs. The effective tax rate was unusually high during the quarter. The higher rate was primarily due to the liquidation of our company-owned life insurance policies that are part of the previously announced dissolution of the company's nonqualified supplemental retirement income plan, coupled with the nondeductible portion of the acquisition-related deployment costs.
Adjusted diluted EPS was $0.04 in the fourth quarter. Adjustments totaled $0.06 and related to the [indiscernible] of wireline cables purchased and capitalized from previous quarters, acquisition-related employment costs and a significant increase in tax expense related to taxable gains on the sale of the company-owned life insurance policies and other investments related to the liquidation of the company's nonqualified supplemental retirement income plan.
Adjusted EBITDA was $55.1 million, down from $67.8 million due to the broad-based declines across the majority of the businesses. Adjusted EBITDA margin decreased 230 basis points sequentially to 12.9%. The adjustments made to EBITDA were made to make future periods more comparable. Operating cash flow to date was $201.3 million, and after CapEx of $148.4 million, free cash flow was $52.9 million. The change to expensing wireline cables reduced both operating cash flow and CapEx, but resulted in no change to free cash flow.
At quarter end, we had approximately $210 million in cash. a $50 million seller-financed note payable and no borrowings from our $100 million revolving credit facility. Payment of dividends totaled $35.1 million year-to-date through Q4 '25. During the quarter, we paid $8.8 million in dividends.
Full year 2025 capital expenditures were $148 million primarily related to maintenance CapEx and inclusive of opportunistic asset purchases as well as our ERP and other IT system upgrades. Capital expenditures were $12 million lower due to wireline cables being expensed rather than capitalized in the fourth quarter. Additionally, we saw approximately $15 million in anticipated capital expenditures delayed in 2026. Due to this delay, we expect 2026 capital expenditures in the range of $150 million to $180 million. We'll adjust our spend based on activity levels.
I'll now turn it back over to Ben for some closing remarks.
Thank you, Mike. 2025 was a challenging year with year-end oil prices reaching its lowest level since COVID. While we have seen recent improvement in oil and gas natural gas prices, we need further increases in dispersed significant customer activity levels. Our management teams have experienced many cycles over the years, and we will continue to focus on costs returns and maintaining financial flexibility. This flexibility allows us to take advantage of opportunities that arise and to pursue growth opportunities through selective investment for organic growth, investment in new technologies and M&A within our existing markets and the broader energy sector.
I want to thank all of our employees who put in tremendous work throughout high levels of service and value to our customers. Thank you for joining us this morning. And at this time, we're happy to address any questions you might have.
[Operator Instructions] Your first question comes from the line of Don Crist with Johnson Rice.
2. Question Answer
My first question, and Ben, I don't want to pin you down to any kind of guidance for the first quarter. But given the weather impacts for the first, call it, 2 weeks of the year, do you think it kind of shakes out similar to the fourth quarter directionally? And again, I'm not looking for specific numbers here.
To be honest with you, Don, it's a great question. We're still trying to analyze the impact. We do have -- we're quite geographically diversified, but we are concentrated in the Permian and in the MidCon, Oklahoma and both of those areas were hit pretty hard. So a reasonable question. I understand why you're asking, but we don't know yet. But certainly, it's not insignificant. Put it that way.
Right. I understand it's hard to quantify given we still got a lot of winter left. So my second question would be, we've seen a lot of your competitors have challenges in outside of pressure pumping and the other business lines that you all operate in. And a lot of that equipment start to move overseas, the Middle East and other places for unconventional type development. Are you seeing that other business lines, Thru Tubing and coil and wireline start to normalize or some of your competitors go away and have a little bit less competition there as that equipment moves overseas?
Maybe a little bit of that. I don't know that it's a tremendous amount yet. But certainly, every little bit can help. There have been -- we've heard of some competitors and some of those other service lines that are obviously, reorganizing or being sold absorbed by other competitors. So perhaps that is an indication that the market stress is getting to some of the less well-capitalized companies. And hopefully, that will invert our benefit as we move forward.
Okay. And just one last question for me. Obviously, you've been very prudent with the balance sheet over the years and selectively done M&A, but you've got a pretty large cash hoard right now. Any indication that we could see some stock buybacks? Or are you going to just keep that for M&A in the near term?
We're always evaluating the various uses of our capital and buybacks are certainly one of those choices and we'll have to a reasonable question. I wouldn't see us necessarily in the near term doing anything dramatically different, but that's in the tool chest, and we're looking at it.
Your next question comes from the line of John Daniel with Daniel Energy Partners.
You mentioned that the rig was idle in -- is there anything
[Technical Difficulty]
John, a little bit difficult.
Can you hear me okay?
Yes, cut out.
How about now? How about now?
Much better.
Sorry, just driving the Midland. My question is, with the fleet that was idled in October, I know you said October at least in the fourth quarter, is there anything today which would success that you think that fleet comes back this year? And is -- with the reactivation is it function of price? Or would it be a function of if you had a sufficient amount of work even at current pricing? Just how do you think about that?
It's a good question. I would have to -- I mean, we're always looking and evaluating opportunities where, I would say, the probability as we would need to be really comfortable that it's incrementally better pricing. We're not looking for the same pricing at the prior activity levels, right? And as we've always talked over the years, some of the given -- I mean, we do have some customers that we do have nice steady programs with. So it's always a combination of our confidence in how -- say the activity can be at a certain pricing and so forth. So I think we're not in a panic to try to put that fleet back to work. We want to make sure we're comfortable it's going to be generating probably better cash flow than we've recently been experiencing not just for that fleet. But just overall, we would want to present a pretty high profitability that we would have an incremental benefit from bringing the back in service.
Okay. Fair enough. The second question is about M&A. Obviously, you guys have the balance sheet to prosecute deals should you wish to. When you think -- step back and think about just the market, you've got some of your peers that are chasing power, others will be more focused on international. It would seem that the universe realistic buyers of traditional land equipment is kind of diminishing. I don't know if it's -- I think that's a reasonably fair statement. Is that -- would you agree with that? And does it argue you take be very careful. I mean just take your time. There's no rush to do deals if there's limited buyers. Just if you could kind of bloviate on that.
I think that's a good way to set it up. Yes, there -- I'm not [indiscernible] in the entire market. But yes, I don't think there's a whole lot of competition out there for people seeking to buy traditional oilfield services companies, but there are some good companies out there that could be of ones that would either add to some of our existing service lines. It could be a really good strategic fit. But all of it depending on, of course, the trajectory of their business and the price and all of those sorts of things.
So yes, we're not in panic. We traditionally don't lend -- lean into highly competitive bidding situations. And to the entire point, there's probably not going to be situations where there's multiple bidders aggressively going after a particular target. So I think that's a nice position to be in that we can be patient. We do have the balance sheet, not only the capital capacity, but the cash gives us a lot of flexibility and so OFS is something we're looking at. But we do want to be -- we want to open up the aperture of what's the possible. We've been doing some things that are on the edges of other parts of energy, like some of the gas storage work, we don't have any yet that's a significant amount, but we like that diversification. And so we have enough factor to look at even more broadly than we may have in the past.
[Operator Instructions] And your next question comes from the line of Derek Podhaizer with Piper Sandler.
Maybe we could just start with some additional insight -- just some additional insight and maybe some history into the updated wireline accounting treatment. Maybe just why now and not when the deal occurred last year, I think you mentioned a change in work type with the wireline. Just trying to understand better really what happened that caused this change?
Sure. Derek, thanks for the question. Previously, they had an audit. And previously, they were capitalized in wireline, but their business has started changing about the time that we had the acquisition. It's more simul-frac, travel frac and just working more. So it's something we kept our eyes on and that we wanted to make sure we were comfortable with by the end of the year. We were only depreciating them over 18 months previously, which was kind of where they historically have been. But we knew that the type of work was changing. And so we were just monitoring over the last couple of quarters, how much spend we were having on wireline cables. And we were more comfortable that it's closer to under a year. And so rather than letting them build over time and be aggressive, we thought the right thing to do was within our first accounting window, we have enough evidence to at this point before year-end to go ahead and make the switch.
And we focus on free cash flow here, and it doesn't have a ton of -- it has 0 free cash flow impact. So for us, we just thought it was the correct accounting treatment as we looked at kind of how quickly we were using up the cables, which has really changed and started changing as the work changed.
Derek, as you know, too, I mean, we and the pumping industry went through this with fluid -- in a number of years ago. So it's not dissimilar -- as giving dissimilar in that regard. So appreciate the question.
Right. Yes. No, that was very helpful. I appreciate the color. And you did remind me of the fluid issue years ago. I guess maybe a question on Thru Tubing Solutions. You talked about international regions and your footprint there. Maybe can you expand on that, maybe educate us on the location and the type of technology you're deploying there? And how you really see that business growing over the next couple of years?
Yes. Well, with respect to the color on international, we have pared back significantly our international business from where we were a number of years ago. Thru Tubing Solutions has the largest presence internationally of our service lines. The Middle East is where we have the most activity and that's the area that experienced the weakness that we were referred to.
In Canada is the area where we do some work historically and have center work in Canada consistently.
Got it. Is there any renewed focus as far as the Middle East and the buildout of unconventionals and through being a potential growth trajectory for you, maybe reigniting just given the unconventional build out of the Middle East? Or is that not the correct read through?
It's possible. We've kind of several years to kind of change our business model there. So we had less of a physical presence, we're making the tools and the technology available. So yes. I mean I think our tools certainly can perform very well in those environments like we do here in the state. So I would expect and hope that we would have some improvement there. But like I said, we're not directly the ourselves. So we're working through other groups and making our tools available to them. So we'll have to say hopefully they can be successful and we can increase some revenues there. So it's not anything that we're counting on in any of our current forecast, but we hope it does come to fruition.
Got it. Okay. That's helpful. And then maybe just a third question, a quick state of the union on the current spot market in pressure pumping. How is the competition and it's always been oversupplied, but you stack the fleet, and I'm sure some of your competitors have stacked fleet. I'm not sure if any of the smaller mom-and-pop privates have gone away just given where pricing and activity has gone to. Obviously, we have accelerating attrition as well. So maybe could you help us further understand the state of the market today? Do you see competition reducing any sort of secular fundamental improvement that we could potentially see in the spot market as we work through the year?
We're not seeing anything dramatic yet at this point. Of course, some there's -- some of the consolidation that was occurring over the last couple of years has resulted in us selling off some of the some of the properties and things like that, and that brings in some of the customers that are more spotty looking, if you will. So it could create some opportunities. But it's really more of the same.
I think discipline we're trying to be disciplined and begin with our pricing. Again, one of the reasons we idled the fleet, we've trended a little bit of headcount. So we're trying to do what we can to make the best of the situation. We are certainly continuing to maintain the business, but the returns just improved, and we're hopeful that competitors, there are some mom-and-pops out there that are difficult to compete with. But we continue to support pressure pumping, but we're focused on some of the other service lines that are less capital-intensive and we'll see where all that takes us.
Your next question comes from the line of Chuck Minervino with Susquehanna.
I was just wondering if you could talk a little bit about that 2026 CapEx. It sounds like you had some deferred spend from 2025. But then also, I guess, the wireline cable now comes out of the CapEx. Maybe they were offsetting each other. But if they are you still going to have CapEx up in 2026. So was just curious if you can kind of touch on that a little bit and if there's maybe room for that to come down if you're looking to generate a little bit more free cash flow during the year.
Well, I think we put out there, I think it's a "conservative number" and that it's maybe larger, we could have said something smaller, but we're trying to be realistic with respecting our near term and longer-term plans. I mean, we've always -- certainly, if things move dramatically in one way or the other, so there's awful time long lead times on that. So sometimes you can't immediately cut it off. But we scrutinize our CapEx very, very carefully. Certainly, there's opportunities to reduce it if conditions warrant, the way we run the business, our management teams, they look at their plans, they come up with their CapEx plans. But they know that in terms of unapproved or undelivered equipment, it's always subject to us together with them, making the decision that we're not going to spend that money. So it's not committed, if It's in the budget. That doesn't mean it can be spent.
So we scrutinize it very carefully. So there is an opportunity for that number to come down, and likewise, there could be opportunities for it go up slightly right or something if the opportunity comes along that we can pursue. We've got the balance sheet to be able to do that. So -- but yes, everybody understands that at the end of the day, the free cash flow is where the rubber meets the road and everybody buys into that and understands and just trying to do what's prudent to be able to support our businesses and selectively grow them, but obviously be very, very mindful and particular and selective about CapEx investments will continue to be it.
Got it. And then just one other. In Support Services, I know not a huge piece of the overall revenue pie, but the rental tool revenue down pretty sharply. It sounds like in the late in the year, I know there's always seasonality late in the year. Was that particularly kind of sharper than you've seen historically? And I was just kind of curious if there was any reason for it or any more color you can provide?
Yes. It is -- it was more acute. That business nice little business that's been really, really steady. So I won't say it was a surprise -- kind of thing can always happen in the fourth quarter. It's kind of a you can have 1 or 2 customers that slow down for whatever reason. And I think it too was impacted in the Rockies, similar to Thru Tubing Solutions that we talked about. So it's kind of 1 or 2 customer specific that impacted that.
So it's really just -- some of it was not permanent delays. I mean it's just, obviously, they're a rental tool company and drilling. So this was some delays on drilling some wells. But we leave so many delays. It was just delaying it slightly. So it's not a lost opportunity or anything like that. It was just a delay.
The other comment on that is they had a really great third quarter. But I mean that is pretty tough comparable.
There are no further questions at this time. I will now turn the call back over to Ben Palmer for closing remarks.
Thank you very much, operator. We appreciate everybody calling in and listening and look forward to talking to some of you perhaps later today, and hope you have a good rest of the day. Take care.
Today's call will be available for replay on www.rpc.net within 2 hours following the completion of the call. Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect.
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RPC, Inc. — Q4 2025 Earnings Call
RPC, Inc. — Q3 2025 Earnings Call
1. Management Discussion
Good morning, and thank you for joining us for RPC Inc.'s Third 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 the 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 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 measures allow us to compare performance consistently over various periods. Our press release and our website contain reconciliations of these non-GAAP measures to the most directly comparable GAAP measures. I'll now turn the call over to our President and CEO, Ben Palmer.
Thanks, Mike, and thank you for joining our call this morning. Today, we'll talk about our third quarter results. In addition, we will share our views about the impacts we are seeing from increasing macro and geopolitical uncertainties, which were prevalent during and after the quarter. Third quarter results reflect a sequential revenue improvement due to increases across the majority of our companies.
We saw the largest increases in pressure pumping, coiled tubing and downhole tools. Service lines other than pressure pumping represented 72% of total revenues in the third quarter and generated a 3% sequential increase. In addition to revenue growth in downhole tools and coiled tubing, we also saw growth in rental tools and wireline. Thru-Tubing Solutions' downhole tools revenues increased 5% sequentially. We saw particular strength in our Rocky Mountain and Southeast regions, which is a testament to the company's broad geographic exposure.
Thru-Tubing Solutions is a market leader in downhole technologies. The company continues to gain traction with its new A10 downhole motor. The motor is proving highly effective, particularly longer laterals, which has translated to market share gain as [Technical Difficulty] motor called [ Metal Max, ] has completed more than 100 runs with major operators [Technical Difficulty] allows for a smaller [Technical Difficulty] output reduced [Technical Difficulty] improved performance demanding pressure, and just making it extremely versatile.
We continue to add units for -- Thru-Tubing Solutions continues to actively market and develop its unplugged technology. Recall, this is an innovative product that reduces and can sometimes eliminate the need for bridge plugs and delivers faster drill-out times while achieving highly effective stage isolation.
We're excited about these new products [Technical Difficulty] further in our industry leadership. Cudd Pressure Control [Technical Difficulty] Cudd Pressure [Technical Difficulty] for gas storage [Technical Difficulty] about its storage well maintenance schedule over the next several years. This work is regulatory driven and is part of our effort to continue diversifying our business.
Recently, Cudd Pressure Control collaborated with a leading industrial contractor to drill a geoexchange well at a major university. That's a multiyear [Technical Difficulty] this is one example of utilizing tools [Technical Difficulty] business increased revenues 1% during the quarter. The majority of our revenue comes from Pintail [Technical Difficulty] which is the largest wireline provider in the Permian Basin. While the Permian completion market remains challenged, we saw increased gun usage in the quarter.
Third quarter benefited from some customer completion accelerations and shifts to simul-frac operations. Cudd Energy's pressure pumping business saw an improvement in overall activity during the third quarter, bolstered by a reduction in third-party nonproductive time and reduced white space. Despite the revenue improvements, we elected to lay down a fleet in October and reduce staffing accordingly.
We will continue to evaluate fleets from a return-based framework. Our deployed fleets are largely supporting customers that we expect will continue completions activity over the next several months. With recent oil price volatility, we expect continued challenging conditions in the oilfield services market over the near term. Cudd Energy Services has received and is deploying a new 100% natural gas frac pump for testing and alternative technology evaluation.
We have an additional unit with a slightly different design on the way as well. Our focus has always been on shareholder returns and managing through cycles. We continue to strategically grow our less capital-intensive service lines, both organically and through acquisitions. We believe our balance sheet offers us optionality in challenging market conditions. With that, Mike will now discuss the quarter's financial results.
Thanks, Ben. Our third quarter financial results with sequential comparisons to the second quarter of 2025 are as follows: revenues increased 6% to $447.1 million compared to Q2. Breaking down our operating segments, Technical Services, which represented 94% of our total third quarter revenues was up 6%. Support Services, which represented 6% of our total third quarter revenues, was up 4%, led by rental tools.
The following is a breakdown of our third quarter revenues for our top service lines. Pressure pumping was 27.9%, wireline 23.5%, downhole tools also 23.5%, coiled tubing 9.5%, cementing 5.4% and rental tools 4.2%. Together, these service lines accounted for 94% of our total revenues. Cost of revenues, excluding depreciation and amortization was $335 million compared to $318 million in the previous quarter.
This increase was primarily due to expenses that vary with increased activity. SG&A expenses were $44.6 million, up from $40.8 million. As a percentage of revenue, these expenses increased 30 basis points to 10%, primarily due to employment incentive accrual adjustments and other payroll costs. Our third quarter's effective tax rate was 42.6%, which was slightly higher than our previous quarter's effective tax rate.
The effective tax rate was unusually high, primarily due to the nondeductible portion of acquisition-related employment costs and a provision to tax return adjustment in the quarter. We expect our effective tax rate to be impacted through the life of the acquisition-related employment costs due to differences between the accounting and tax treatments of these costs. Adjusted diluted EPS was $0.09 in the quarter.
Adjustments totaled $0.03 and were entirely related to the acquisition-related employment costs. Adjusted EBITDA was $72.3 million, up from $65.6 million due to the broad-based increases across the majority of our businesses. Adjusted EBITDA margins increased 60 basis points sequentially to 16.2%. Operating cash flow year-to-date was $139.5 million and after CapEx of $117.8 million, free cash flow was $21.7 million.
At the quarter end, we had over $163 million in cash, a $50 million seller finance note and no outstanding debt on our $100 million revolving credit facility. Payment of dividends totaled $26.3 million year-to-date and through the third quarter. During the quarter, we paid $8.8 million in dividends. Full year 2025 capital spending is expected to be between $170 million to $190 million, primarily related to maintenance and inclusive of opportunistic asset purchases as well as our ERP and other IT system upgrades.
In the fourth quarter, we are planning to liquidate our terminated supplemental executive retirement plan. Related to this, we expect to receive a net cash distribution of approximately $8 million, subject to market changes and to incur a onetime discrete increase in our effective tax rate. I'll now turn it back over to Ben for some closing remarks.
Thank you, Mike. Current oil prices and market uncertainty have contributed to additional near-term risks to the operating environment. Like we have in prior business cycles, we will manage the business prudently, focusing on costs, returns, capital allocation, utilizing our balance sheet to take advantage of opportunities.
We believe our more diversified product offerings and geographic exposure offer opportunities to better position ourselves when fundamentals improve. I want to thank all of our employees who work tirelessly to deliver high levels of service and value to our customers. Thank you for joining us this morning. And at this time, we're happy to address any questions.
[Operator Instructions] Your first question comes from the line of Don Crist with John Rice.
2. Question Answer
I wanted to start with kind of fourth quarter outlook. Obviously, there's a lot of uncertainty as we kind of move into December. Just kind of what are you thinking there? And do you think that activity could kind of snap back in the first part of the year, whether it be from budget exhaustion late in the fourth quarter or whatnot? And kind of what you're seeing from a kind of activity levels over the next 3 months, 4 months or so?
Don, it's Ben. Yes, reasonable question, something that we've all come to realize is a possibility in the fourth quarter. To be honest, at this very moment, we're comfortable with where things are for the fourth quarter, but certainly we'll not be surprised if customers announce some slowdowns for the holidays. So we're bracing for that. And how that impacts? Based on experience, the impacts coming out of that into the first quarter, just depends on how severe the slowdowns are in the fourth quarter.
So it's kind of a nonanswer. We're not certain, but we're trying to remain flexible and diligent and prepared to react to whatever we see out there. Again, reasonable questions, hard to say. But I would say right now, at this moment, we're feeling, I think, as good as possible about the fourth quarter and therefore, how things will hopefully then proceed fairly well and not have too much of a slow start to early next year.
I appreciate that color, and I get that it's difficult to predict. So I wanted to ask more of a kind of high-level kind of business question, and you may want to defer this answer as well. But pressure pumping has become a very big boy game for lack of a better term, with the top 3 or 4 companies having 30-plus fleets running, and you all are kind of on the smaller end of that. Given the performance of your other business lines that seem to be kind of outperforming the general market, does it kind of make sense to pivot to away from pressure pumping and just focus on the other business lines to kind of boost productivity?
Don, it's Ben. I think we've been talking about the fact that that's what we've been doing. Pressure pumping is a lower percentage of -- a much lower percentage of our total revenues than it has been in recent years. We still think we have some opportunities there. But as we've talked before, we're not investing aggressively within pressure pumping, but we're keeping it going.
And we're looking at -- and look and will look -- are looking at a variety of different options there. But yes, I would say that high level, that's what we're doing is focus on the less capital-intensive service lines and pressure pumping does continue to be capital intensive, but we want to be -- we're going to be prudent about how much and when we make significant investments there.
Okay. And just one last one for me. This A10 downhole motor that you all talked about, can you just give us a little bit more detail on how it's differentiated and why the customers are kind of migrating towards it?
It's -- from a performance standpoint, a drillout standpoint, it's much more effective with the longer laterals. And so that's the performance. I mean it's just -- it's a time and efficiency thing. And I think it's through its design and its size. It's something that we focus on constantly.
Thru-Tubing has unbelievable R&D team, engineering team that is constantly making new innovations and improving the performance, and this is yet another example. Again, it just gets the job done more reliably and quicker. And that translates, hopefully, into improved returns for us, additional work, but it also is beneficial to the customer as well.
[Operator Instructions] There are no further questions at this time. I will now turn the call back over to Ben Palmer for closing remarks.
Well, thank you for listening in this morning. We appreciate it very much, and I hope you have a good rest of the day. Appreciate it.
Today's call will be available for replay on www.rpc.net within 2 hours following the completion of the call. Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect.
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RPC, Inc. — Q3 2025 Earnings Call
Finanzdaten von RPC, Inc.
Umsatz
Der Umsatz stellt die Summe aller Einnahmen eines Unternehmens z. B. für dessen Produkte oder Dienstleistungen dar.
Umsatz (TTM) einfach erklärtDirekte Kosten
Direkte Kosten sind die Kosten, die direkt im Zusammenhang mit der Herstellung des Produkts oder der Dienstleistung entstehen.
Bruttoertrag
Der Bruttoertrag gibt an, wie viel vom Umsatz nach Abzug der direkten Herstellkosten im Unternehmen verbleibt. Berechnet man den prozentualen Anteil vom Umsatz, spricht man von der Bruttomarge (engl. Gross Margin).
Brutto Marge einfach erklärtVertriebs- und Verwaltungskosten
Die Vertriebs- & Verwaltungskosten (engl. Selling, General & Administrative expenses, kurz SG&A) beinhalten alle Aufwände für Marketing und den Verkauf sowie die allgemeine Verwaltung des Unternehmens.
Forschungs- und Entwicklungskosten
Die Forschungs- und Entwicklungskosten (engl. research & development costs, kurz R&D) geben Auskunft darüber, wie viel das Unternehmen in die Forschung und die Entwicklung seiner Produkte investiert. Vor allem prozentual vom Umsatz und im Vergleich zu direkten Wettbewerbern sind die Kosten interessant.
EBITDA
Das EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) ist der Gewinn des Unternehmens vor Zinsen, Steuern und Abschreibungen. Berechnet man den prozentualen Anteil vom Umsatz, spricht man von der EBITDA-Marge.
Abschreibungen
Abschreibungen stellen Wertminderungen von Vermögensgegenständen des Unternehmens dar (z.B. durch Abnutzung von Maschinen).
EBIT (Operatives Ergebnis)
Das EBIT (engl. Earnings Before Interest and Taxes) ist der Gewinn des Unternehmens vor Zinsen und Steuern, das auch als operatives Ergebnis bezeichnet wird. Berechnet man den prozentualen Anteil vom Umsatz, spricht man von
der EBIT-Marge.
Nettogewinn
Der Nettogewinn stellt den Gewinn oder Verlust nach Abzug aller Kosten dar.
Nettogewinn einfach erklärtaktien.guide Premium
| Jun '26 |
+/-
%
|
||
| Umsatz | 1.789 1.789 |
25 %
25 %
100 %
|
|
| - Direkte Kosten | 1.373 1.373 |
30 %
30 %
77 %
|
|
| Bruttoertrag | 416 416 |
13 %
13 %
23 %
|
|
| - Vertriebs- und Verwaltungskosten | 175 175 |
8 %
8 %
10 %
|
|
| - Forschungs- und Entwicklungskosten | - - |
-
-
|
|
| EBITDA | 241 241 |
17 %
17 %
13 %
|
|
| - Abschreibungen | 186 186 |
25 %
25 %
10 %
|
|
| EBIT (Operatives Ergebnis) EBIT | 55 55 |
3 %
3 %
3 %
|
|
| Nettogewinn | 21 21 |
59 %
59 %
1 %
|
|
Angaben in Millionen USD.
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Firmenprofil
RPC, Inc. ist ein Öl- und Gas-Dienstleistungsunternehmen, das sich mit der Exploration, Produktion und Entwicklung von Öl- und Gasgrundstücken beschäftigt. Es ist in den folgenden Segmenten tätig: Technische Dienste und Unterstützungsdienste. Das Segment Technische Dienstleistungen bietet Dienstleistungen in den Bereichen Öl und Gas, Fracturing, Säuerung, Coiled Tubing, Snubbing, Stickstoff, Bohrlochkontrolle, Wireline und Fischerei an. Das Segment Unterstützungsdienste bietet Inspektionsdienste für Ölfeldrohre und Mietwerkzeuge für den Einsatz bei Onshore- und Offshore-Öl- und Gasbohrungen an. Das Unternehmen wurde 1984 gegründet und hat seinen Hauptsitz in Atlanta, GA.
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| Hauptsitz | USA |
| CEO | Mr. Palmer |
| Mitarbeiter | 2.893 |
| Gegründet | 1984 |
| Webseite | www.rpc.net |


