Oilfield service provider RPC misses Q2 revenue estimates on weaker activity

RPC

24/07/2025 12:03

Overview

RPC Q2 revenue rises 26% sequentially, misses analyst expectations, per LSEG data

Adjusted EPS for Q2 misses consensus, impacted by pressure pumping challenges

Co acquired Pintail, boosting wireline revenues and expanding customer base

Outlook

RPC sees oilfield services market challenged by lower commodity prices

Co says it will focus on full cycle returns

Result Drivers

PINTAIL ACQUISITION - Acquisition of Pintail Completions added $98.9 mln to Q2 revenue, boosting wireline revenues

PRESSURE PUMPING CHALLENGES - Weaker activity, pricing pressure, and weather impacts led to revenue decline in pressure pumping service line

DIVERSIFIED RESILIENCE - Co's diversified service lines and customer base provided resilience amid lower commodity prices and macro uncertainties

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$420.81 mln
$421.10 mln (4 Analysts)
Q2 Adjusted EPS
Miss
$0.08
$0.09 (6 Analysts)
Q2 Adjusted Net Income
Miss
$17.50 mln
$19.20 mln (5 Analysts)
Q2 Net Income
$10.15 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy."

Wall Street's median 12-month price target for RPC Inc is $5.50, about 9.1% above its July 23 closing price of $5.00

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nPnbHYhGYa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)