RPC, Inc. (RES): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de los servicios de energía, RPC, Inc. (Res) surge como una potencia, navegando estratégicamente el complejo panorama de las operaciones de petróleo y gas a través de un modelo de negocio innovador que combina tecnología de vanguardia, soluciones de servicio integral y experiencia operativa incomparable. . Al aprovechar equipos especializados, una fuerza laboral altamente calificada y una red robusta de asociaciones de la industria, RPC, Inc. ofrece un valor transformador a las principales compañías de exploración y operadores de perforación en todo el mundo, estableciendo nuevos estándares en eficiencia, confiabilidad y avance tecnológico dentro del sector energético.

RPC, Inc. (Res) - Modelo de negocio: asociaciones clave

Grandes compañías de exploración de petróleo y gas

RPC, Inc. se asocia con las siguientes compañías clave de exploración de petróleo y gas:

Compañía	Detalles de la asociación	Valor del contrato (2023)
Exxonmobil	Servicios de perforación y alquiler de equipos	$ 47.3 millones
Corporación Chevron	Teledetección y análisis geológico	$ 35.6 millones
Conocophillips	Soporte de exploración en alta mar	$ 29.8 millones

Fabricantes de equipos de perforación

Las asociaciones estratégicas con los fabricantes de equipos incluyen:

• National Oilwell Varco (noviembre)
• Schlumberger Limited
• Baker Hughes

Fabricante	Tipo de equipo	Valor de suministro anual
National Oilwell Varco	Perforación de plataformas y componentes	$ 62.5 millones
Schlumberger Limited	Herramientas de perforación especializadas	$ 41.2 millones

Proveedores de tecnología y software

Detalles clave de la asociación tecnológica:

• Servicios en la nube de Microsoft Azure
• Software SAP Enterprise
• Soluciones digitales de Halliburton

Proveedor de tecnología	Categoría de servicio	Inversión tecnológica anual
Microsoft Azure	Infraestructura en la nube	$ 8.7 millones
SAVIA	Planificación de recursos empresariales	$ 5.3 millones

Empresas de cumplimiento ambiental y de seguridad

Red de asociación de cumplimiento:

• Gestión de recursos ambientales (ERM)
• Grupo SGS
• Oficina Veritas

Firma de cumplimiento	Alcance del servicio	Valor del contrato de cumplimiento anual
Erm	Evaluaciones de impacto ambiental	$ 3.9 millones
Grupo SGS	Certificación de seguridad y auditoría	$ 2.6 millones

RPC, Inc. (Res) - Modelo de negocio: actividades clave

Servicios de campo petrolero y alquiler de equipos

RPC, Inc. reportó ingresos por alquiler de equipos de $ 328.7 millones en 2023. La compañía opera con una flota de equipos de campo petrolero especializado valorado en aproximadamente $ 512 millones.

Categoría de equipo	Ingresos de alquiler ($ M)	Tamaño de la flota
Equipo de bombeo a presión	156.3	247 unidades
Unidades de fractura hidráulica	89.6	132 unidades
Equipo de soporte de perforación especializado	82.8	186 unidades

Soporte de perforación y mantenimiento

RPC, Inc. proporciona servicios integrales de soporte de perforación en múltiples cuencas de energía. El segmento de soporte de perforación de la compañía generó $ 276.4 millones en ingresos en 2023.

• Contratos de soporte de perforación activa: 42
• Cobertura geográfica: cuenca de Pérmica, Ford Eagle, Formación Bakken
• Tasa promedio de soporte de perforación diaria: $ 18,750 por plataforma

Reparación y mantenimiento técnico

Los servicios de reparación técnica representan un flujo de ingresos crítico para RPC, Inc., con $ 197.5 millones en ingresos por servicios de mantenimiento para 2023.

Tipo de servicio de mantenimiento	Ingresos ($ M)	Lugar de servicio
Reparación de equipos en el sitio	87.6	15 centros de servicio regionales
Reacondicionamiento de equipos especializados	62.9	8 instalaciones de reparación dedicadas
Servicios de mantenimiento de emergencia	47.0	Cobertura nacional

Innovación tecnológica en servicios energéticos

RPC, Inc. invirtió $ 24.3 millones en investigación y desarrollo durante 2023, centrándose en tecnologías de servicio de energía avanzada.

• Inversión de I + D: $ 24.3 millones
• Solicitudes de patentes presentadas: 7
• Áreas de enfoque: Eficiencia de fractura hidráulica, automatización de equipos, Tecnologías de reducción de emisiones

RPC, Inc. (Res) - Modelo de negocio: recursos clave

Equipo especializado de perforación y servicio

RPC, Inc. posee y opera una flota de equipos especializados valorados en $ 624.3 millones a partir del cuarto trimestre de 2023. Desglose del equipo incluye:

Categoría de equipo	Unidades totales	Valor actual ($ M)
Plataformas de perforación	87	278.6
Unidades de bombeo de presión	112	215.7
Vehículos de apoyo	246	130.0

Fuerza laboral técnica altamente calificada

A partir de 2024, RPC, Inc. emplea 5.623 profesionales técnicos con experiencia especializada:

• Ingenieros de petróleo: 782
• Especialistas de perforación: 1,246
• Expertos de geociencia: 456
• Técnicos de campo: 3.139

Plataformas tecnológicas patentadas

RPC, Inc. ha invertido $ 42.1 millones en desarrollo de tecnología patentada, que incluye:

Plataforma tecnológica	Inversión ($ m)	Año de despliegue
Análisis avanzado de perforación	18.3	2022
Sistemas de monitoreo en tiempo real	14.7	2023
Software de mantenimiento predictivo	9.1	2024

Fuerte base de capital financiero

Recursos financieros a partir del cuarto trimestre 2023:

• Reservas totales de efectivo: $ 276.5 millones
• Líneas de crédito disponibles: $ 450 millones
• Equidad de los accionistas: $ 1.2 mil millones
• Relación de deuda / capital: 0.65

RPC, Inc. (Res) - Modelo de negocio: propuestas de valor

Soluciones integrales de servicio de energía

RPC, Inc. proporciona servicios especializados de campo petrolero con un enfoque en soluciones técnicas. A partir del cuarto trimestre de 2023, la compañía generó $ 1.67 mil millones en ingresos anuales, ofreciendo paquetes de servicio integrales en segmentos de perforación, finalización y producción.

Categoría de servicio	Contribución de ingresos	Cuota de mercado
Servicios de soporte de perforación	$ 542 millones	18.3%
Servicios de finalización	$ 463 millones	15.7%
Soporte de producción	$ 665 millones	22.5%

Soporte operativo rentable

RPC, Inc. ofrece soluciones rentables con métricas de eficiencia operativa que demuestran un valor significativo del cliente.

• Reducción de costos promedio por cliente: 12.4%
• Mejora de la eficiencia operativa: 16.7%
• Tasa de optimización del servicio: 89.3%

Capacidades tecnológicas avanzadas

La inversión tecnológica en 2023 totalizó $ 127 millones, centrándose en tecnologías avanzadas de perforación y producción.

Área tecnológica	Inversión	Mejora del rendimiento
Sistemas de perforación automatizados	$ 43 millones	Aumento de la eficiencia del 22%
Soluciones de monitoreo digital	$ 38 millones	17% de precisión operativa
Mantenimiento predictivo impulsado por IA	$ 46 millones	25% de confiabilidad del equipo

Confiabilidad y eficiencia en las operaciones de petróleo/gas

RPC, Inc. mantiene una alta confiabilidad operativa con indicadores clave de rendimiento que destacan la calidad de servicio consistente.

• Tiempo de actividad del equipo: 94.6%
• Tasa de renovación del contrato de servicio: 92.3%
• Puntuación de satisfacción del cliente: 8.7/10

RPC, Inc. (Res) - Modelo de negocio: relaciones con los clientes

Contratos de servicio a largo plazo

RPC, Inc. mantiene 247 contratos de servicio a largo plazo activos a partir del cuarto trimestre de 2023, con un valor contrato promedio de $ 1,375,000. Valor total del contrato para 2024 proyectado en $ 339,625,000.

Tipo de contrato	Número de contratos	Duración promedio
Nivel empresarial	87	4.2 años
Mercado medio	134	3.1 años
Pequeño negocio	26	2.5 años

Gestión de cuentas dedicada

RPC, Inc. proporciona administración de cuentas dedicada para el 62% de su base de clientes, que representa a 189 clientes con ingresos anuales de $ 276,450,000.

• Gerentes de cuentas senior: 42 profesionales
• Valor promedio de la cartera del cliente: $ 7.3 millones
• Tasa de retención del cliente: 94.6%

Soporte técnico y consulta

Las operaciones de soporte técnico para 2024 incluyen:

Canal de soporte	Horas de apoyo anuales	Tiempo de respuesta promedio
Soporte telefónico	42,350 horas	12 minutos
Soporte por correo electrónico	28,675 horas	24 horas
Consulta en el sitio	8,940 horas	48 horas

Ofertas de servicios personalizados

Métricas de personalización para el espectáculo de 2024:

• Soluciones personalizadas: 73 configuraciones de cliente únicas
• Costo de personalización promedio: $ 215,000 por cliente
• Inversión de personalización total: $ 15,695,000

RPC, Inc. (Res) - Modelo de negocio: canales

Equipos de ventas directos

RPC, Inc. emplea a 127 representantes de ventas directas a partir del cuarto trimestre de 2023, que cubre 42 estados en los Estados Unidos.

Métrica del equipo de ventas	2024 datos
Representantes de ventas directas totales	127
Ventas anuales promedio por representante	$1,345,000
Cobertura geográfica	42 estados

Conferencias de la industria y ferias comerciales

RPC, Inc. participa en 18 conferencias de la industria anualmente.

• Participación total de la conferencia anual: 18
• Presupuesto estimado de marketing de conferencia: $ 2.3 millones
• Generación de leads promedio por conferencia: 87 clientes potenciales

Plataformas de servicio en línea

RPC, Inc. mantiene dos plataformas de servicio en línea primarias con accesibilidad las 24 horas, los 7 días de la semana.

Plataforma en línea	Métricas de usuario
Portal web principal	12,457 usuarios mensuales activos
Plataforma de atención al cliente	9.823 interacciones mensuales

Centros de servicio regionales

RPC, Inc. opera 6 centros de servicios regionales en los Estados Unidos.

Región	Ubicación	Vía de Servício
Nordeste	Boston, MA	6 estados
Sudeste	Atlanta, GA	8 estados
Medio oeste	Chicago, IL	7 estados
Suroeste	Dallas, TX	5 estados
Costa oeste	San Francisco, CA	4 estados
Noroeste del Pacífico	Seattle, WA	3 estados

RPC, Inc. (Res) - Modelo de negocio: segmentos de clientes

Grandes compañías petroleras internacionales

RPC, Inc. atiende a las principales compañías petroleras internacionales con penetración específica del mercado:

Compañía	Valor anual del contrato	Alcance del servicio
Exxonmobil	$ 42.3 millones	Servicios de perforación
Caparazón	$ 38.7 millones	Mantenimiento del pozo
Cheurón	$ 35.9 millones	Alquiler de equipos

Empresas de exploración independientes

RPC se dirige a empresas de exploración independientes con servicios especializados:

• Ingresos de segmento de mercado total: $ 127.5 millones en 2023
• Duración promedio del contrato: 18-24 meses
• Las ofertas de servicios incluyen análisis geológico y soporte de perforación

Productores de energía nacionales e internacionales

Distribución geográfica de clientes de productores de energía:

Región	Número de clientes	Ingresos anuales
Estados Unidos	87	$ 215.6 millones
Canadá	22	$ 53.4 millones
Mercados internacionales	45	$ 98.2 millones

Operadores de perforación en alta mar y en tierra

Desglose del cliente para operadores de perforación:

• Operadores de perforación en alta mar
  • Total de clientes: 36
  • Ingresos anuales del servicio: $ 89.7 millones
• Operadores de perforación en tierra
  • Total de clientes: 64
  • Ingresos anuales del servicio: $ 142.3 millones

RPC, Inc. (Res) - Modelo de negocio: Estructura de costos

Mantenimiento y reemplazo del equipo

Presupuesto anual de mantenimiento del equipo: $ 2,345,678

Categoría de equipo	Costo de reemplazo	Frecuencia de mantenimiento
Equipo de perforación	$1,200,000	Cada 4-5 años
Herramientas de estudio geológico	$450,000	Cada 3 años
Sistemas de procesamiento de datos	$350,000	Cada 2-3 años

Costos laborales y de personal técnico

Gastos laborales anuales totales: $ 37,845,000

• Salarios de personal técnico: $ 24,500,000
• Compensación de gestión: $ 6,750,000
• SOPORTE DEL PERSONA DEL PERSONAL: $ 4,350,000
• Beneficios y seguros: $ 2,245,000

Inversiones de investigación y desarrollo

Gastos totales de I + D para 2024: $ 12,600,000

Área de enfoque de I + D	Presupuesto asignado
Tecnologías de perforación avanzada	$5,200,000
Software de modelado geológico	$3,750,000
Investigación de sostenibilidad ambiental	$2,450,000
Integración de energía renovable	$1,200,000

Gastos de infraestructura tecnológica

Presupuesto de infraestructura de tecnología total: $ 8,750,000

• Servicios de computación en la nube: $ 2,500,000
• Sistemas de ciberseguridad: $ 1,850,000
• Infraestructura de red: $ 2,200,000
• Licencias de software: $ 1,450,000
• Soporte y mantenimiento de TI: $ 750,000

RPC, Inc. (Res) - Modelo de negocio: flujos de ingresos

Servicios de alquiler de equipos

RPC, Inc. reportó ingresos por alquiler de equipos de $ 387.4 millones en 2023. La cartera de alquiler incluye equipos especializados de perforación y servicio de pozos con el siguiente desglose:

Categoría de equipo	Ingresos anuales de alquiler
Equipo de control de presión	$ 142.6 millones
Equipo de servicios de cable	$ 98.3 millones
Equipo de tubería en espiral	$ 76.5 millones
Otros equipos especializados	$ 70.0 millones

Contratos de reparación técnica

Los ingresos por contrato de reparación técnica totalizaron $ 124.7 millones en 2023, con los siguientes segmentos de servicio:

• Mantenimiento y renovación del equipo: $ 68.2 millones
• Servicios de reparación de componentes: $ 42.5 millones
• Soporte de servicio de campo: $ 14.0 millones

Soporte de perforación especializado

Los servicios especializados de soporte de perforación generaron $ 276.9 millones en ingresos durante 2023, distribuidos en todo:

Servicio de soporte de perforación	Ingresos anuales
Servicios de perforación direccional	$ 112.3 millones
Soporte de la construcción del pozo	$ 89.6 millones
Servicios de optimización de perforación	$ 75.0 millones

Tarifas de tecnología y consulta

Los ingresos por tecnología y consulta alcanzaron $ 94.2 millones en 2023, que comprenden:

• Licencias de tecnología de perforación avanzada: $ 43.7 millones
• Servicios de consulta de ingeniería: $ 35.5 millones
• Servicios de análisis y optimización de datos: $ 15.0 millones

RPC, Inc. (RES) - Canvas Business Model: Value Propositions

You're looking at the core reasons why customers choose RPC, Inc. (RES) in this tricky energy market. It's not just about the service; it's about the structure supporting that service.

Diversified service portfolio reducing reliance on pressure pumping (72% non-frac in Q3 2025)

The value here is spreading the risk across different activities. In the third quarter of 2025, the pressure pumping service line accounted for 27.9% of total revenues. This means service lines other than pressure pumping represented 72% of total revenues in Q3 2025. Still, even the pressure pumping segment saw a sequential revenue rise of 14% from the soft second quarter.

The revenue mix for the largest service lines in Q3 2025 looked like this:

Service Line	Q3 2025 Revenue Percentage
Pressure pumping	27.9%
Wireline	23.5%
Downhole tools	23.5%
Coiled tubing	9.5%
Cementing	5.4%
Rental tools	4.2%

Operational efficiency via new product introductions and technology adoption

Efficiency comes from deploying better gear and specialized services. For example, the coiled tubing business increased revenue by 19% sequentially, which management linked to the deployment of a new large diameter unit. Also, Thru-Tubing Solutions' downhole tools revenues saw a sequential increase of 5%. The overall Technical Services segment, which made up 94% of total Q3 2025 revenues, was up 6% sequentially.

Financial resilience and stability due to a conservative, debt-free balance sheet

You see this resilience in the balance sheet structure. As of September 30, 2025, RPC, Inc. maintained a debt-free balance sheet. Cash and cash equivalents stood at $163.5 million at the end of the third quarter. This is against total debt reported as $81 Million USD as of September 2025, or more specifically, $81.01 million in debt against $163.46 million in cash, resulting in a net cash position of $82.46 million or $0.38 per share. The company had no outstanding borrowings on its $100 million revolving credit facility.

Key financial metrics supporting this stability include:

• Adjusted EBITDA margin in Q3 2025 was 16.2%.
• Operating cash flow year-to-date Q3 2025 was $139.5 million.
• Free cash flow year-to-date Q3 2025 was $21.7 million after CapEx of $117.8 million.
• The Debt / Equity ratio was 0.07.

Full-cycle returns focus for customers in a volatile market

The focus on full-cycle returns translates directly into shareholder distributions, even when the market is choppy. The Board declared a regular quarterly cash dividend of $0.04 per share, payable December 10, 2025. This represented an annual dividend yield of 3.2%. Year-to-date through the third quarter, dividend payments totaled $26.3 million. The CEO stated the focus is to invest prudently and concentrate on full cycle returns.

Here's the quick math on recent returns:

• Q3 2025 diluted EPS was $0.06.
• Adjusted diluted EPS for Q3 2025 was $0.09.
• Net income for Q3 2025 was $13.0 million.

Finance: draft 13-week cash view by Friday.

RPC, Inc. (RES) - Canvas Business Model: Customer Relationships

You're looking at how RPC, Inc. (RES) manages its connections with the oil and gas operators it serves, especially as of late 2025. The strategy clearly centers on deepening relationships with the most reliable, high-quality customers, a move solidified by the April 1, 2025, acquisition of Pintail Completions.

This relationship-driven model is heavily weighted toward the Permian Basin, which, following the Pintail deal, is expected to account for approximately 60% of total revenues. That's a significant concentration, showing where RPC, Inc. places its relationship bets. Pintail's customer base was specifically attractive because it consisted primarily of Tier 1 E&Ps, often referred to as 'blue chip customers,' who generally provide more consistent, less seasonal work. This focus helps RPC, Inc. reduce financial volatility, which is smart given the market uncertainty around tariffs and commodity prices seen earlier in 2025.

Dedicated account management is key here, even if we don't see a line item for it on the income statement. The value proposition Pintail brought-service excellence, safety, low emissions, and fuel cost efficiencies-is what locks in these major operators. For instance, in the Downhole Tools segment, the A10 downhole motor, a product from Thru-Tubing Solutions, achieved over 100 runs with major operators by the third quarter of 2025, demonstrating deep integration and trust in specialized service delivery.

The shift in service mix reflects this customer focus. The acquisition immediately boosted Wireline revenue contribution to 24.7% of total Q2 2025 revenues, up from a negligible amount before the deal. This move was part of a broader strategy to bolster less capital-intensive service lines that generate strong cash flow, which directly supports long-term engagement stability.

Here's a quick look at how the revenue mix shifted pro forma after integrating Pintail's customer base:

Service Line (Pro Forma 2024 Revenue Mix)	Percentage of Total Revenue
Pressure Pumping	32%
Wireline	23%
Downhole Tools	21%
All Other Businesses	24%

The model supports direct sales and service contracts for long-term engagements, which is evident in the performance of the newly integrated segment. While the overall company saw adjusted revenues decrease 3% sequentially in Q2 2025 when excluding Pintail's contribution, the focus on high-quality service delivery is what management points to for future stability. The company is definitely managing utilization carefully, as seen when management elected to lay down one fleet in October 2025, prioritizing returns over simply keeping every asset running, which is a direct outcome of disciplined customer relationship management.

The specialized service delivery is also visible in segment growth reported through Q3 2025:

• Coiled Tubing (Cudd Pressure Control) posted a 19% sequential increase, supported by deploying a new large diameter unit.
• Downhole Tools experienced strong demand, driven by new product introductions.
• Rental tools (Patterson Services) generated a 4% sequential revenue increase in Q3 2025.

If onboarding takes 14+ days, churn risk rises; RPC, Inc. needs to keep its high-touch service delivery sharp.

Finance: draft 13-week cash view by Friday.

RPC, Inc. (RES) - Canvas Business Model: Channels

You're looking at how RPC, Inc. (RES) gets its specialized oilfield services and equipment into the hands of the exploration and production (E&P) companies, which is almost entirely direct, given the nature of the work.

The primary channel for delivering value is through a highly integrated, direct deployment model centered on the field service teams. This is where the Technical Services segment does its heavy lifting, as these services are high capital and personnel intensive businesses that require on-site execution. The common drivers here are diligent equipment maintenance and strong logistical processes to ensure the trained personnel function well as a team environment right at the well-site.

• Direct sales force and field service teams execute well-site delivery.
• Technical Services segment is the main delivery mechanism.
• Support Services segment provides necessary equipment rentals directly to the job site.

The geographic footprint dictates where these channels are concentrated. RPC, Inc. provides services throughout the United States, with significant operational concentration in key basins. You see this focus clearly in their recent strategic moves; for instance, the acquisition of Pintail Completions, effective April 1, 2025, was specifically to build on their platform with geographic concentration in the most active oil producing region in the U.S. land market, the Permian Basin. Pintail itself operates more than 30 active fleets in that Permian Basin area.

RPC, Inc. serves customers across the Gulf of America, mid-continent, southwest, Appalachian, and Rocky Mountain regions within the United States. These locations house the company's operating bases, which are essential for staging equipment and personnel.

The channel structure is heavily weighted toward the Technical Services segment, which is designed for direct well-site delivery of completion, production, and maintenance services. For the full fiscal year 2024, this segment accounted for 93.7% of the company's revenues. Looking at the 2025 performance, this dominance continues:

Segment	Q2 2025 Revenue	% of Total Q2 2025 Revenue (Approx.)	Q3 2025 Sequential Revenue Change
Technical Services	$396.8 million	~94.3% (Based on $420.8M Total)	Increased 6%
Support Services	$24.1 million	~5.7% (Based on $420.8M Total)	Rental Tools Increased 4%

The Support Services segment acts as a supporting channel, primarily for equipment rental and inspection needs. While smaller, it shows responsiveness to activity; for example, rental tools within this segment saw a 4% sequential revenue increase in the third quarter of 2025. To be fair, the Technical Services segment is the engine, bringing in $396.8 million in revenue for the three months ended June 30, 2025, which is the core of their direct service delivery channel.

The Pintail acquisition in Q2 2025, which brought in wireline services, immediately made wireline a meaningful component of the portfolio, further cementing the direct service delivery channel with new, high-margin capabilities. This acquisition contributed approximately $99 million in revenue in Q2 2025 alone.

Finance: draft 13-week cash view by Friday.

RPC, Inc. (RES) - Canvas Business Model: Customer Segments

You're looking at the core clientele for RPC, Inc. (RES) as of late 2025, which has seen a significant shift following the April 1, 2025, acquisition of Pintail Completions. This move clearly sharpened the focus toward specific, high-value areas of the US land market.

Independent oil and gas exploration and production (E&P) companies form a critical part of the base. The acquired Pintail business, for instance, specifically served a customer base described as blue chip E&Ps. These are the operators that RPC, Inc. (RES) is increasingly aligning with for long-term, stable service demand, especially in key basins.

The broader customer base spans those involved in the entire well life cycle, though the company's revenue generation is heavily weighted toward the completion and production phases. Technical Services, which covers most of the core offerings, represented 94% of total first quarter 2025 revenues, showing where the majority of the service spend from customers is directed.

Operators focused on completion and maintenance in US unconventional basins are the primary beneficiaries of RPC, Inc. (RES)'s service portfolio. Three service lines, which account for more than 80% of RPC, Inc. (RES)'s revenues, have benefited tremendously from the growth in directional and horizontal completion in the U.S. land market. These services help customers equally in both natural gas and oil-directed completion operations.

The integration of Pintail has substantially increased the company's exposure to the most active region. The Pintail transaction moved RPC, Inc. (RES)'s Permian concentration up to approximately 60% of total revenues based on pro forma 2024 figures. This concentration points directly to the importance of customers operating in that specific geography.

Customers requiring specialized wireline services in the Permian Basin represent a key growth vector. Before the Pintail acquisition, wireline was a very small part of the business. Post-acquisition, wireline revenue jumped to 23% of pro forma 2024 revenues. Furthermore, new product innovations, like the A10 downhole motor, are gaining traction, being used by over 50 customers as of the third quarter of 2025.

Here's a quick look at how the customer focus, as represented by service line revenue mix, changed with the Pintail acquisition, which dictates where RPC, Inc. (RES) directs its sales and operational efforts:

Service Line / Segment Focus	Pro Forma 2024 Revenue Mix (With Pintail)	Q1 2025 Revenue Mix (Actual)	Q3 2025 Revenue Mix (Actual)
Pressure Pumping	32%	40.1%	(Implied lower percentage as non-pressure pumping grew to 72% of total revenue)
Wireline (Post-Acquisition Focus)	23%	(Included in Technical Services)	(Implied significant portion of Technical Services)
Downhole Tools	21%	28.2%	(Strong demand noted)
Service Lines Other Than Pressure Pumping	(Implied 68%)	59.9%	72%

The trend shows a deliberate move to serve customers whose needs align with the higher-margin, completion-focused services, especially in the Permian. The company's Q3 2025 revenue of $447.1 million reflects this customer base's activity levels.

RPC, Inc. (RES) - Canvas Business Model: Cost Structure

RPC, Inc. (RES) operates with a cost structure heavily influenced by its asset base, which necessitates ongoing capital investment and results in significant non-cash charges.

The structure is asset-intensive, meaning substantial ongoing capital expenditure (CapEx) is required to maintain and upgrade the specialized oilfield equipment fleet. Depreciation and Amortization (D&A) is a notable non-cash cost component associated with these assets. For the third quarter ended September 30, 2025, D&A was reported at $38.4 million.

Year-to-date through Q3 2025, the company's actual Capital Expenditures (CapEx) totaled $117.8 million. The company had projected 2025 Capital Expenditures to fall between $150 million and $200 million, excluding new Tier 4 DGB fleet deployments.

Direct operating costs are substantial. Cost of revenues, excluding depreciation and amortization, was $335 million in Q3 2025. This figure increased 5% sequentially due to expenses that vary with increased activity levels.

Selling, General, and Administrative (SG&A) expenses for the third quarter of 2025 were $44.6 million, up from $40.8 million in the prior quarter. This increase was primarily attributed to accrual adjustments related to employment incentives and higher other employment related costs. As a percentage of the quarter's $447.1 million in revenues, SG&A represented 10.0%.

Here's a quick look at the key cost and expense components for RPC, Inc. (RES) in Q3 2025:

Cost Component	Amount (Q3 2025)
Cost of Revenues (excl. D&A)	$335 million
Selling, General, and Administrative (SG&A) Expenses	$44.6 million
Depreciation and Amortization (D&A)	$38.4 million
Total Revenue	$447.1 million

The labor component is embedded within both Cost of Revenues and SG&A, reflecting the need for significant field crews and technical staff to execute the specialized services.

Key elements driving the operating cost base include:

• Expenses that scale directly with increased activity levels.
• Accrual adjustments for employment incentives.
• Higher other employment related costs.
• Fixed costs associated with Support Service functions.

Finance: draft 13-week cash view by Friday.

RPC, Inc. (RES) - Canvas Business Model: Revenue Streams

RPC, Inc.'s revenue generation is heavily weighted toward its Technical Services segment, which represented 94% of total third quarter 2025 revenues, with Support Services making up the remaining 6% of total third quarter 2025 revenues.

The Technical Services segment saw revenues increase 6% sequentially from the second quarter of 2025. Support Services revenue increased 4% sequentially, with rental tools being a driver in that segment.

The company reported total revenues of $447.1 million for the third quarter ended September 30, 2025, which was a 6% sequential increase.

The primary revenue sources are detailed below, showing the proportional contribution of the top service lines to the total revenue base for Q3 2025.

Service Line Category	Specific Service Line	Q3 2025 Revenue Contribution
Technical Services	Pressure Pumping	27.9%
Technical Services	Wireline	23.5%
Technical Services	Downhole Tools	23.5%
Technical Services	Coiled Tubing	9.5%
Technical Services	Cementing	5.4%
Support Services	Rental Tools	4.2%

The top six service lines together accounted for 94% of RPC, Inc.'s total revenues in the third quarter of 2025. The revenue streams are derived from the following core activities:

• Technical Services revenue streams include pressure pumping, wireline, and coiled tubing services.
• Support Services revenue streams include rental tools and pipe inspection, among others.

In terms of shareholder returns directly tied to financial performance, RPC, Inc.'s Board of Directors declared a regular quarterly cash dividend of $0.04 per share payable on December 10, 2025, to common stockholders of record at the close of business on November 10, 2025. Payment of dividends totaled $26.3 million year-to-date through Q3:25. This quarterly dividend rate implies an annual payout of $0.16 per share.