RPC, Inc. (RES): Business Model Canvas [Jan-2025 Mise à jour]

Dans le monde dynamique des services énergétiques, RPC, Inc. (RES) émerge comme une centrale, naviguant stratégiquement dans le paysage complexe des opérations pétrolières et gazières grâce à un modèle commercial innovant qui combine des technologies de pointe, des solutions de service complètes et des expertises opérationnelles inégalées et inégalées . En tirant parti de l'équipement spécialisé, d'une main-d'œuvre hautement qualifiée et d'un réseau robuste de partenariats de l'industrie, RPC, Inc. offre une valeur transformatrice aux grandes entreprises d'exploration et aux opérateurs de forage dans le monde, en établissant de nouvelles normes en matière d'efficacité, de fiabilité et de progrès technologique dans le secteur de l'énergie.

RPC, Inc. (RES) - Modèle d'entreprise: partenariats clés

Principales sociétés d'exploration du pétrole et du gaz

RPC, Inc. s'associe aux principales sociétés d'exploration de pétrole et de gaz suivantes:

Entreprise	Détails du partenariat	Valeur du contrat (2023)
Exxonmobil	Services de forage et location d'équipement	47,3 millions de dollars
Chevron Corporation	Télétude et analyse géologique	35,6 millions de dollars
Conocophillips	Support d'exploration offshore	29,8 millions de dollars

Fabricants d'équipements de forage

Les partenariats stratégiques avec les fabricants d'équipements comprennent:

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

Fabricant	Type d'équipement	Valeur de l'offre annuelle
National Oilwell Varco	Forage et composants de forage	62,5 millions de dollars
Schlumberger Limited	Outils de forage spécialisés	41,2 millions de dollars

Technologies et fournisseurs de logiciels

Détails du partenariat technologique clé:

• Services cloud Microsoft Azure
• SAP Enterprise Software
• Solutions numériques Halliburton

Fournisseur de technologie	Catégorie de service	Investissement technologique annuel
Microsoft Azure	Infrastructure cloud	8,7 millions de dollars
SÈVE	Planification des ressources d'entreprise	5,3 millions de dollars

Entreprises de conformité environnementale et de sécurité

Réseau de partenariat de conformité:

• Gestion des ressources environnementales (ERM)
• Groupe SGS
• Bureau Veritas

Entreprise de conformité	Portée du service	Valeur du contrat de conformité annuel
Erm	Évaluations d'impact environnemental	3,9 millions de dollars
Groupe SGS	Certification de sécurité et audit	2,6 millions de dollars

RPC, Inc. (RES) - Modèle d'entreprise: activités clés

Location de services et d'équipements pétroliers

RPC, Inc. a déclaré des revenus de location d'équipement de 328,7 millions de dollars en 2023. La société opère avec une flotte d'équipements de champ pétrolifères spécialisés d'une valeur d'environ 512 millions de dollars.

Catégorie d'équipement	Revenus de location ($ m)	Taille de la flotte
Équipement de pompage à pression	156.3	247 unités
Unités de fracturation hydraulique	89.6	132 unités
Équipement de support de forage spécialisé	82.8	186 unités

Prise du forage et de la maintenance

RPC, Inc. fournit des services de soutien au forage complet dans plusieurs bassins énergétiques. Le segment de soutien à forage de la société a généré 276,4 millions de dollars de revenus en 2023.

• Contrats de support de forage actif: 42
• Couverture géographique: Basin Permien, Eagle Ford, Formation de Bakken
• Taux de soutien au forage quotidien moyen: 18 750 $ par plate-forme

Réparation et entretien techniques

Les services de réparation technique représentent une source de revenus critique pour RPC, Inc., avec 197,5 millions de dollars de revenus de services de maintenance pour 2023.

Type de service de maintenance	Revenus ($ m)	Emplacements de service
Réparation d'équipement sur place	87.6	15 centres de services régionaux
Reconditionnement spécialisé de l'équipement	62.9	8 installations de réparation dédiées
Services d'entretien d'urgence	47.0	Couverture nationale

Innovation technologique dans les services énergétiques

RPC, Inc. a investi 24,3 millions de dollars dans la recherche et le développement au cours de 2023, en se concentrant sur les technologies de service énergétique avancées.

• Investissement en R&D: 24,3 millions de dollars
• Demandes de brevet déposées: 7
• Zones de mise au point: Efficacité de fracturation hydraulique, Automatisation de l'équipement, Technologies de réduction des émissions

RPC, Inc. (RES) - Modèle d'entreprise: Ressources clés

Équipement de forage et de service spécialisé

RPC, Inc. possède et exploite une flotte d'équipements spécialisés d'une valeur de 624,3 millions de dollars au quatrième trimestre 2023. La rupture de l'équipement comprend:

Catégorie d'équipement	Total des unités	Valeur actuelle ($ m)
Plates-formes de forage	87	278.6
Unités de pompage à pression	112	215.7
Soutenir les véhicules	246	130.0

Main-d'œuvre technique hautement qualifiée

En 2024, RPC, Inc. emploie 5 623 professionnels techniques avec une expertise spécialisée:

• Ingénieurs pétroliers: 782
• Spécialistes de forage: 1 246
• Experts en géoscience: 456
• Techniciens sur le terrain: 3 139

Plateformes technologiques propriétaires

RPC, Inc. a investi 42,1 millions de dollars dans le développement technologique propriétaire, notamment:

Plate-forme technologique	Investissement ($ m)	Année de déploiement
Analyse de forage avancée	18.3	2022
Systèmes de surveillance en temps réel	14.7	2023
Logiciel de maintenance prédictive	9.1	2024

Solide base de capital financier

Ressources financières au quatrième trimestre 2023:

• Réserves en espèces totales: 276,5 millions de dollars
• Lignes de crédit disponibles: 450 millions de dollars
• Présentation des actionnaires: 1,2 milliard de dollars
• Ratio dette / fonds propres: 0,65

RPC, Inc. (RES) - Modèle d'entreprise: propositions de valeur

Solutions complètes de services d'énergie

RPC, Inc. fournit des services de champ pétrolifères spécialisés en mettant l'accent sur les solutions techniques. Au quatrième trimestre 2023, la société a généré 1,67 milliard de dollars de revenus annuels, offrant des forfaits de services complets à travers les segments de forage, d'achèvement et de production.

Catégorie de service	Contribution des revenus	Part de marché
Services de soutien au forage	542 millions de dollars	18.3%
Services d'achèvement	463 millions de dollars	15.7%
Soutien de la production	665 millions de dollars	22.5%

Support opérationnel rentable

RPC, Inc. fournit des solutions rentables avec des mesures d'efficacité opérationnelle démontrant une valeur client importante.

• Réduction moyenne des coûts par client: 12,4%
• Amélioration de l'efficacité opérationnelle: 16,7%
• Taux d'optimisation des services: 89,3%

Capacités technologiques avancées

L'investissement technologique en 2023 a totalisé 127 millions de dollars, en se concentrant sur les technologies de forage et de production avancées.

Zone technologique	Investissement	Amélioration des performances
Systèmes de forage automatisés	43 millions de dollars	Augmentation de 22% d'efficacité
Solutions de surveillance numérique	38 millions de dollars	17% de précision opérationnelle
Maintenance prédictive dirigée par l'IA	46 millions de dollars	25% de fiabilité de l'équipement

Fiabilité et efficacité des opérations pétrolières / gaz

RPC, Inc. maintient une fiabilité opérationnelle élevée avec des indicateurs de performance clés mettant en évidence la qualité de service cohérente.

• Time de disponibilité de l'équipement: 94,6%
• Taux de renouvellement des contrats de service: 92,3%
• Score de satisfaction du client: 8,7 / 10

RPC, Inc. (RES) - Modèle d'entreprise: relations avec les clients

Contrats de service à long terme

RPC, Inc. maintient 247 contrats de service à long terme actifs au T2 2023, avec une valeur de contrat moyenne de 1 375 000 $. La valeur totale du contrat pour 2024 projetée à 339 625 000 $.

Type de contrat	Nombre de contrats	Durée moyenne
Niveau d'entreprise	87	4,2 ans
Intermédiaire	134	3,1 ans
Petite entreprise	26	2,5 ans

Gestion de compte dédiée

RPC, Inc. fournit une gestion dédiée des comptes pour 62% de sa clientèle, représentant 189 clients avec un chiffre d'affaires annuel de 276 450 000 $.

• Nourtisseurs de compte seniors: 42 professionnels
• Valeur moyenne du portefeuille des clients: 7,3 millions de dollars
• Taux de rétention des clients: 94,6%

Soutien technique et consultation

Les opérations de support technique pour 2024 comprennent:

Canal de support	Heures de soutien annuelles	Temps de réponse moyen
Support téléphonique	42 350 heures	12 minutes
Assistance par e-mail	28 675 heures	24 heures
Consultation sur place	8 940 heures	48 heures

Offres de services personnalisés

Les métriques de personnalisation pour 2024 montrent:

• Solutions personnalisées: 73 configurations clients uniques
• Coût de personnalisation moyen: 215 000 $ par client
• Investissement total de personnalisation: 15 695 000 $

RPC, Inc. (RES) - Modèle d'entreprise: canaux

Équipes de vente directes

RPC, Inc. emploie 127 représentants des ventes directes au quatrième trimestre 2023, couvrant 42 États aux États-Unis.

Métrique de l'équipe de vente	2024 données
Représentants totaux des ventes directes	127
Ventes annuelles moyennes par représentant	$1,345,000
Couverture géographique	42 États

Conférences et salons commerciaux de l'industrie

RPC, Inc. participe à 18 conférences de l'industrie chaque année.

• Participation totale de la conférence annuelle: 18
• Budget de marketing de conférence estimé: 2,3 millions de dollars
• Génération moyenne de leads par conférence: 87 clients potentiels

Plateformes de service en ligne

RPC, Inc. conserve deux plates-formes de service en ligne principales avec accessibilité 24/7.

Plate-forme en ligne	Métriques des utilisateurs
Portail Web principal	12 457 utilisateurs mensuels actifs
Plateforme de support client	9 823 interactions mensuelles

Centres de services régionaux

RPC, Inc. exploite 6 centres de services régionaux à travers les États-Unis.

Région	Emplacement	Aire de service
Nord-est	Boston, MA	6 États
Au sud-est	Atlanta, GA	8 États
Midwest	Chicago, IL	7 États
Sud-ouest	Dallas, TX	5 États
Côte ouest	San Francisco, CA	4 États
Pacifique Nord-Ouest	Seattle, WA	3 États

RPC, Inc. (RES) - Modèle d'entreprise: segments de clientèle

Grandes compagnies pétrolières internationales

RPC, Inc. dessert les grandes sociétés pétrolières internationales ayant une pénétration spécifique du marché:

Entreprise	Valeur du contrat annuel	Portée du service
Exxonmobil	42,3 millions de dollars	Services de forage
Coquille	38,7 millions de dollars	Entretien bien
Chevron	35,9 millions de dollars	Location d'équipement

Entreprises d'exploration indépendantes

RPC cible les sociétés d'exploration indépendantes avec des services spécialisés:

• Revenu total du segment de marché: 127,5 millions de dollars en 2023
• Durée du contrat moyen: 18-24 mois
• Les offres de services incluent l'analyse géologique et le support de forage

Producteurs d'énergie nationaux et internationaux

Distribution géographique des clients des producteurs d'énergie:

Région	Nombre de clients	Revenus annuels
États-Unis	87	215,6 millions de dollars
Canada	22	53,4 millions de dollars
Marchés internationaux	45	98,2 millions de dollars

Opérateurs de forage offshore et à terre

Déchange du client pour les opérateurs de forage:

• Opérateurs de forage offshore
  • Clients totaux: 36
  • Revenus de services annuels: 89,7 millions de dollars
• Opérateurs de forage à terre
  • Clients totaux: 64
  • Revenus de services annuels: 142,3 millions de dollars

RPC, Inc. (RES) - Modèle d'entreprise: Structure des coûts

Entretien et remplacement de l'équipement

Budget annuel de maintenance de l'équipement: 2 345 678 $

Catégorie d'équipement	Coût de remplacement	Fréquence de maintenance
Équipement de forage	$1,200,000	Tous les 4 à 5 ans
Outils d'enquête géologique	$450,000	Tous les 3 ans
Systèmes de traitement des données	$350,000	Tous les 2-3 ans

Frais de main-d'œuvre et de personnel technique

Total des dépenses annuelles de main-d'œuvre: 37 845 000 $

• Salaires du personnel technique: 24 500 000 $
• Compensation de gestion: 6 750 000 $
• Salage du personnel de soutien: 4 350 000 $
• Avantages et assurance: 2 245 000 $

Investissements de recherche et développement

Dépenses totales de R&D pour 2024: 12 600 000 $

Zone de focus R&D	Budget alloué
Technologies de forage avancées	$5,200,000
Logiciel de modélisation géologique	$3,750,000
Recherche de durabilité environnementale	$2,450,000
Intégration d'énergie renouvelable	$1,200,000

Frais d'infrastructure technologique

Budget total d'infrastructure technologique: 8 750 000 $

• Services de cloud computing: 2 500 000 $
• Systèmes de cybersécurité: 1 850 000 $
• Infrastructure réseau: 2 200 000 $
• Licence de logiciel: 1 450 000 $
• Soutien et maintenance informatiques: 750 000 $

RPC, Inc. (RES) - Modèle d'entreprise: Strots de revenus

Services de location d'équipement

RPC, Inc. a déclaré un chiffre d'affaires de location d'équipement de 387,4 millions de dollars en 2023. Le portefeuille de location comprend un équipement de forage et de puits spécialisé avec la ventilation suivante:

Catégorie d'équipement	Revenus de location annuels
Équipement de contrôle de pression	142,6 millions de dollars
Équipement de services filaires	98,3 millions de dollars
Équipement de tubes enroulé	76,5 millions de dollars
Autres équipements spécialisés	70,0 millions de dollars

Contrats de réparation technique

Les revenus du contrat de réparation technique ont totalisé 124,7 millions de dollars en 2023, avec les segments de service suivants:

• Entretien et rénovation de l'équipement: 68,2 millions de dollars
• Services de réparation des composants: 42,5 millions de dollars
• Assistance du service sur le terrain: 14,0 millions de dollars

Support de forage spécialisé

Des services de soutien au forage spécialisés ont généré 276,9 millions de dollars de revenus en 2023, distribué à travers:

Service d'assistance à forage	Revenus annuels
Services de forage directionnels	112,3 millions de dollars
Soutien de la construction du puits	89,6 millions de dollars
Services d'optimisation de forage	75,0 millions de dollars

Frais de technologie et de consultation

Les revenus de la technologie et de la consultation ont atteint 94,2 millions de dollars en 2023, comprenant:

• Licence de technologie de forage avancée: 43,7 millions de dollars
• Services de consultation en ingénierie: 35,5 millions de dollars
• Services d'analyse et d'optimisation des données: 15,0 millions de dollars

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.