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Last $15.68 USD
Change Today +0.41 / 2.69%
Volume 1.3M
RES On Other Exchanges
Symbol
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As of 2:39 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

rpc inc (RES) Key Developments

RPC Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Year 2015

RPC Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter ended December 31, 2014, revenues increased 29.8% to a record $632.2 million compared to $487.0 million in the fourth quarter of last year.  Revenues increased compared to the prior year primarily due to higher activity levels and service intensity in major service lines and a larger fleet of revenue-producing equipment in pressure pumping service line.  Operating profit for the quarter was $125.0 million compared to operating profit of $64.5 million in the prior year.  Net income for the quarter was $77.6 million or $0.36 diluted earnings per share, compared to $37.6 million or $0.17 diluted earnings per share last year.  Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 56.5% to $187.0 million compared to $119.4 million in the prior year. Income before income taxes was $124.833 million against $65.208 million a year ago. Income before income taxes was $77.637 million against $64.885 million a year ago. Fourth quarter 2014 capital expenditures were $134 million. A large percentage of these capital expenditures direct - were directed towards pressure pumping service line. For the year ended December 31, 2014, revenues increased 25.6% to $2.3 billion compared to $1.9 billion last year.  Net income for the year was $245.2 million, or $1.14 diluted earnings per share, compared to $166.9 million, or $0.77 diluted earnings per share last year. Total operating profit was $399.970 million against $275.413 million a year ago. Income before income taxes was $399.386 million against $276.270 million a year ago. EBITDA was $631.6 million against $490.801 million a year ago. The company's full year 2015 capital expenditures are currently projected to be approximately $200 million, of which $70 million relates to completing pressure pumping expansion. The majority of the remainder will be directed towards maintenance capital expenditures.

RPC, Inc. Announces Regular Quarterly Cash Dividend, Payable on March 10, 2015

RPC Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.105 per share payable on March 10, 2015 to common stockholders of record at the close of business on February 10, 2015.

RPC Inc. to Report Q4, 2014 Results on Jan 28, 2015

RPC Inc. announced that they will report Q4, 2014 results at 9:00 AM, US Eastern Standard Time on Jan 28, 2015

RPC Inc., Q4 2014 Earnings Call, Jan 28, 2015

RPC Inc., Q4 2014 Earnings Call, Jan 28, 2015

RPC Inc. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-03-2014 09:45 AM

RPC Inc. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-03-2014 09:45 AM. Venue: The New York Hilton Midtown, New York, New York, United States.

 

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Industry Analysis

RES

Industry Average

Valuation RES Industry Range
Price/Earnings 13.4x
Price/Sales 1.4x
Price/Book 3.1x
Price/Cash Flow 7.0x
TEV/Sales 1.3x
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