RPC, Inc. (Res): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico dos serviços de energia, a RPC, Inc. (res) surge como uma potência, navegando estrategicamente no cenário complexo das operações de petróleo e gás por meio de um modelo de negócios inovador que combina tecnologia de ponta, soluções de serviço abrangentes e experiência operacional incomparável . Ao alavancar equipamentos especializados, uma força de trabalho altamente qualificada e uma rede robusta de parcerias do setor, a RPC, Inc. oferece valor transformador às principais empresas de exploração e operadores de perfuração em todo o mundo, estabelecendo novos padrões em eficiência, confiabilidade e avanço tecnológico no setor de energia.

RPC, Inc. (Res) - Modelo de Negócios: Principais Parcerias

Grandes empresas de exploração de petróleo e gás

A RPC, Inc. faz parceria com as seguintes empresas importantes de exploração de petróleo e gás:

Empresa	Detalhes da parceria	Valor do contrato (2023)
ExxonMobil	Serviços de perfuração e aluguel de equipamentos	US $ 47,3 milhões
Chevron Corporation	Sensoriamento remoto e análise geológica	US $ 35,6 milhões
ConocoPhillips	Suporte de exploração offshore	US $ 29,8 milhões

Fabricantes de equipamentos de perfuração

Parcerias estratégicas com os fabricantes de equipamentos incluem:

• Nacional Oilwell Varco (novembro)
• Schlumberger Limited
• Baker Hughes

Fabricante	Tipo de equipamento	Valor anual da oferta
Nacional Oilwell Varco	Platas de perfuração e componentes	US $ 62,5 milhões
Schlumberger Limited	Ferramentas de perfuração especializadas	US $ 41,2 milhões

Provedores de tecnologia e software

Detalhes da Parceria Tecnológica Principais:

• Microsoft Azure Cloud Services
• Software SAP Enterprise
• Soluções digitais Halliburton

Provedor de tecnologia	Categoria de serviço	Investimento de tecnologia anual
Microsoft Azure	Infraestrutura em nuvem	US $ 8,7 milhões
SEIVA	Planejamento de recursos corporativos	US $ 5,3 milhões

Empresas de conformidade ambiental e de segurança

Rede de Parceria de Conformidade:

• Gerenciamento de Recursos Ambientais (ERM)
• Grupo SGS
• Bureau Veritas

Empresa de conformidade	Escopo de serviço	Valor anual do contrato de conformidade
Erm	Avaliações de impacto ambiental	US $ 3,9 milhões
Grupo SGS	Certificação de segurança e auditoria	US $ 2,6 milhões

RPC, Inc. (Res) - Modelo de Negócios: Atividades -chave

Serviços de campo petrolífero e aluguel de equipamentos

A RPC, Inc. relatou receita de aluguel de equipamentos de US $ 328,7 milhões em 2023. A empresa opera com uma frota de equipamentos especializados em campo de petróleo avaliados em aproximadamente US $ 512 milhões.

Categoria de equipamento	Receita de aluguel ($ m)	Tamanho da frota
Equipamento de bombeamento de pressão	156.3	247 unidades
Unidades de fraturamento hidráulico	89.6	132 unidades
Equipamento especializado de suporte de perfuração	82.8	186 unidades

Suporte de perfuração e manutenção

A RPC, Inc. fornece serviços abrangentes de suporte à perfuração em várias bacias de energia. O segmento de suporte de perfuração da empresa gerou US $ 276,4 milhões em receita em 2023.

• Contratos de suporte de perfuração ativa: 42
• Cobertura geográfica: Bacia Permiana, Eagle Ford, Formação Bakken
• Taxa média de suporte diária de perfuração: US $ 18.750 por plataforma

Reparo e manutenção técnica

Os serviços de reparo técnico representam um fluxo crítico de receita para a RPC, Inc., com US $ 197,5 milhões em receitas de serviços de manutenção para 2023.

Tipo de serviço de manutenção	Receita ($ m)	Locais de serviço
Reparo de equipamentos no local	87.6	15 centros de serviço regional
Recondicionamento de equipamentos especializados	62.9	8 instalações de reparo dedicadas
Serviços de manutenção de emergência	47.0	Cobertura nacional

Inovação tecnológica em serviços de energia

A RPC, Inc. investiu US $ 24,3 milhões em pesquisa e desenvolvimento durante 2023, com foco em tecnologias avançadas de serviços de energia.

• Investimento em P&D: US $ 24,3 milhões
• Pedidos de patente arquivados: 7
• Áreas de foco: Eficiência de fraturamento hidráulico, Automação de equipamentos, Tecnologias de redução de emissões

RPC, Inc. (res) - Modelo de negócios: Recursos -chave

Equipamento especializado em perfuração e serviço

A RPC, Inc. possui e opera uma frota de equipamentos especializados avaliados em US $ 624,3 milhões a partir do quarto trimestre 2023. A quebra do equipamento inclui:

Categoria de equipamento	Unidades totais	Valor atual ($ m)
Platas de perfuração	87	278.6
Unidades de bombeamento de pressão	112	215.7
Veículos de suporte	246	130.0

Força de trabalho técnica altamente qualificada

A partir de 2024, a RPC, Inc. emprega 5.623 profissionais técnicos com experiência especializada:

• Engenheiros de Petróleo: 782
• Especialistas em perfuração: 1.246
• Especialistas em geociência: 456
• Técnicos de campo: 3.139

Plataformas de tecnologia proprietárias

A RPC, Inc. investiu US $ 42,1 milhões em desenvolvimento de tecnologia proprietária, incluindo:

Plataforma de tecnologia	Investimento ($ m)	Ano de implantação
Análise de perfuração avançada	18.3	2022
Sistemas de monitoramento em tempo real	14.7	2023
Software de manutenção preditiva	9.1	2024

Forte base de capital financeiro

Recursos Financeiros a partir do quarto trimestre 2023:

• Total de reservas de caixa: US $ 276,5 milhões
• Linhas de crédito disponíveis: US $ 450 milhões
• Equidade dos acionistas: US $ 1,2 bilhão
• Taxa de dívida / patrimônio: 0,65

RPC, Inc. (Res) - Modelo de Negócios: Proposições de Valor

Soluções abrangentes de serviço de energia

A RPC, Inc. fornece serviços especializados em campo petrolífero, com foco em soluções técnicas. No quarto trimestre 2023, a empresa gerou US $ 1,67 bilhão em receita anual, oferecendo pacotes de serviços abrangentes nos segmentos de perfuração, conclusão e produção.

Categoria de serviço	Contribuição da receita	Quota de mercado
Serviços de suporte à perfuração	US $ 542 milhões	18.3%
Serviços de conclusão	US $ 463 milhões	15.7%
Suporte de produção	US $ 665 milhões	22.5%

Suporte operacional econômico

A RPC, Inc. fornece soluções econômicas com métricas de eficiência operacional demonstrando valor significativo do cliente.

• Redução média de custo por cliente: 12,4%
• Melhoria da eficiência operacional: 16,7%
• Taxa de otimização de serviço: 89,3%

Capacidades tecnológicas avançadas

O investimento tecnológico em 2023 totalizou US $ 127 milhões, com foco em tecnologias avançadas de perfuração e produção.

Área de tecnologia	Investimento	Melhoria de desempenho
Sistemas de perfuração automatizados	US $ 43 milhões	Aumento de 22% de eficiência
Soluções de monitoramento digital	US $ 38 milhões	17% de precisão operacional
Manutenção preditiva orientada pela IA	US $ 46 milhões	25% de confiabilidade do equipamento

Confiabilidade e eficiência em operações de petróleo/gás

A RPC, Inc. mantém alta confiabilidade operacional com os principais indicadores de desempenho, destacando a qualidade consistente do serviço.

• Tempo de atividade do equipamento: 94,6%
• Taxa de renovação do contrato de serviço: 92,3%
• Pontuação de satisfação do cliente: 8.7/10

RPC, Inc. (Res) - Modelo de Negócios: Relacionamentos do Cliente

Contratos de serviço de longo prazo

A RPC, Inc. mantém 247 contratos ativos de serviço de longo prazo a partir do quarto trimestre 2023, com um valor médio de contrato de US $ 1.375.000. Valor total do contrato para 2024 projetado em US $ 339.625.000.

Tipo de contrato	Número de contratos	Duração média
Nível corporativo	87	4,2 anos
No meio do mercado	134	3,1 anos
Pequenas empresas	26	2,5 anos

Gerenciamento de conta dedicado

A RPC, Inc. fornece gerenciamento de conta dedicado para 62% de sua base de clientes, representando 189 clientes com receita anual de US $ 276.450.000.

• Gerentes de contas seniores: 42 profissionais
• Valor médio do portfólio de clientes: US $ 7,3 milhões
• Taxa de retenção de clientes: 94,6%

Suporte técnico e consulta

As operações de suporte técnico para 2024 incluem:

Canal de suporte	Horário de apoio anual	Tempo médio de resposta
Suporte telefônico	42.350 horas	12 minutos
Suporte por e -mail	28.675 horas	24 horas
Consulta no local	8.940 horas	48 horas

Ofertas de serviço personalizadas

Métricas de personalização para 2024 show:

• Soluções personalizadas: 73 configurações exclusivas de clientes
• Custo médio de personalização: US $ 215.000 por cliente
• Investimento total de personalização: US $ 15.695.000

RPC, Inc. (Res) - Modelo de Negócios: Canais

Equipes de vendas diretas

A RPC, Inc. emprega 127 representantes de vendas diretas a partir do quarto trimestre de 2023, cobrindo 42 estados nos Estados Unidos.

Métrica da equipe de vendas	2024 dados
Total de representantes de vendas diretas	127
Vendas anuais médias por representante	$1,345,000
Cobertura geográfica	42 estados

Conferências e feiras do setor

A RPC, Inc. participa de 18 conferências do setor anualmente.

• Participação anual total da conferência: 18
• Orçamento estimado de marketing da conferência: US $ 2,3 milhões
• Geração média de chumbo por conferência: 87 clientes em potencial

Plataformas de serviço online

A RPC, Inc. mantém duas plataformas de serviço on -line primárias com acessibilidade 24/7.

Plataforma online	Métricas de usuário
Portal da Web primário	12.457 usuários mensais ativos
Plataforma de suporte ao cliente	9.823 interações mensais

Centros de Serviço Regional

A RPC, Inc. opera 6 centros de serviços regionais nos Estados Unidos.

Região	Localização	Área de serviço
Nordeste	Boston, MA	6 estados
Sudeste	Atlanta, GA	8 estados
Centro -Oeste	Chicago, IL	7 estados
Sudoeste	Dallas, TX	5 estados
Costa Oeste	San Francisco, CA.	4 estados
Noroeste do Pacífico	Seattle, WA	3 estados

RPC, Inc. (res) - Modelo de negócios: segmentos de clientes

Grandes empresas internacionais de petróleo

A RPC, Inc. atende grandes empresas internacionais de petróleo com penetração específica de mercado:

Empresa	Valor anual do contrato	Escopo de serviço
ExxonMobil	US $ 42,3 milhões	Serviços de perfuração
Concha	US $ 38,7 milhões	Manutenção do poço
Chevron	US $ 35,9 milhões	Aluguel de equipamentos

Empresas de exploração independentes

RPC tem como alvo empresas de exploração independentes com serviços especializados:

• Receita total do segmento de mercado: US $ 127,5 milhões em 2023
• Duração média do contrato: 18-24 meses
• As ofertas de serviços incluem análise geológica e suporte à perfuração

Produtores de energia nacional e internacional

Distribuição geográfica de clientes produtores de energia:

Região	Número de clientes	Receita anual
Estados Unidos	87	US $ 215,6 milhões
Canadá	22	US $ 53,4 milhões
Mercados internacionais	45	US $ 98,2 milhões

Operadores de perfuração offshore e onshore

Redução do cliente para operadores de perfuração:

• Operadores de perfuração offshore
  • Total de clientes: 36
  • Receita anual de serviço: US $ 89,7 milhões
• Operadores de perfuração em terra
  • Total de clientes: 64
  • Receita anual de serviço: US $ 142,3 milhões

RPC, Inc. (Res) - Modelo de Negócios: Estrutura de Custo

Manutenção e substituição de equipamentos

Orçamento anual de manutenção de equipamentos: US $ 2.345.678

Categoria de equipamento	Custo de reposição	Frequência de manutenção
Equipamento de perfuração	$1,200,000	A cada 4-5 anos
Ferramentas de pesquisa geológica	$450,000	A cada 3 anos
Sistemas de processamento de dados	$350,000	A cada 2-3 anos

Custos de trabalho e pessoal técnico

Total de despesas de mão -de -obra anual: US $ 37.845.000

• Salários de pessoal técnico: US $ 24.500.000
• Compensação de gerenciamento: US $ 6.750.000
• Salários da equipe de suporte: US $ 4.350.000
• Benefícios e seguro: US $ 2.245.000

Investimentos de pesquisa e desenvolvimento

Despesas totais de P&D para 2024: US $ 12.600.000

Área de foco em P&D	Orçamento alocado
Tecnologias avançadas de perfuração	$5,200,000
Software de modelagem geológica	$3,750,000
Pesquisa de Sustentabilidade Ambiental	$2,450,000
Integração de energia renovável	$1,200,000

Despesas de infraestrutura de tecnologia

Orçamento total da infraestrutura de tecnologia: US $ 8.750.000

• Serviços de computação em nuvem: US $ 2.500.000
• Sistemas de segurança cibernética: US $ 1.850.000
• Infraestrutura de rede: US $ 2.200.000
• Licenciamento de software: US $ 1.450.000
• Suporte e manutenção de TI: US $ 750.000

RPC, Inc. (res) - Modelo de negócios: fluxos de receita

Serviços de aluguel de equipamentos

A RPC, Inc. relatou receita de aluguel de equipamentos de US $ 387,4 milhões em 2023. O portfólio de aluguel inclui equipamentos especializados em perfuração e poço com a seguinte quebra:

Categoria de equipamento	Receita anual de aluguel
Equipamento de controle de pressão	US $ 142,6 milhões
Equipamento de Serviços de Wireline	US $ 98,3 milhões
Equipamento de tubulação em espiral	US $ 76,5 milhões
Outros equipamentos especializados	US $ 70,0 milhões

Contratos de reparo técnico

A receita do contrato de reparo técnico totalizou US $ 124,7 milhões em 2023, com os seguintes segmentos de serviço:

• Manutenção e reforma de equipamentos: US $ 68,2 milhões
• Serviços de reparo de componentes: US $ 42,5 milhões
• Suporte ao serviço de campo: US $ 14,0 milhões

Suporte especializado em perfuração

Serviços de suporte de perfuração especializados geraram US $ 276,9 milhões em receita durante 2023, distribuídos de maneira contínua:

Serviço de suporte à perfuração	Receita anual
Serviços de perfuração direcional	US $ 112,3 milhões
Suporte de construção bem	US $ 89,6 milhões
Serviços de otimização de perfuração	US $ 75,0 milhões

TECNOLO

A receita de tecnologia e consulta atingiu US $ 94,2 milhões em 2023, compreendendo:

• Licenciamento avançado de tecnologia de perfuração: US $ 43,7 milhões
• Serviços de consulta de engenharia: US $ 35,5 milhões
• Serviços de análise de dados e otimização: US $ 15,0 milhões

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.