| Highlights: |
| RPC is a holding company for several oilfield service operating units with a history of conservative capital management and prudent investments.RPC currently operates a number of products and services offered throughout the life cycle of a well. However, a selected group of these service lines has benefited tremendously from the growth in directional and horizontal drilling and completion in the U.S> land market.RPC continues to seek out growth opportunities which will yield a high return on invested capital over time. |
|
Non-GAAP Financial Measure
RPC uses the non-GAAP financial measure of earnings before interest, taxes, depreciation and amortization (EBITDA). EBITDA should not be considered in isolation or as a substitute for operating income, net income or other performance measures prepared in accordance with GAAP. RPC uses EBITDA as a measure of operating performance because it allows us to compare performance consistently over various periods without regard to changes in our capital structure. We are also required to use EBITDA to report compliance with financial covenants under our revolving credit facility. A non-GAAP financial measure is a numerical measure of financial performance, financial position, or cash flows that either 1) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of operations, balance sheet or statement of cash flows, or 2) includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Set forth below is a reconciliation of EBITDA with Net Income, the most comparable GAAP measure.
Reconciliation of Net Income to EBITDA
Net Income
Add:
Income tax provision
Interest expense
Depreciation and amortization
Less:
Interest income
EBITDA
Summary
RPC INCORPORATED is an international oil and gas services company with various high-margin service lines well positioned to take advantage of high levels of exploration and production activities. In addition, RPC provides on-going maintenance and emergency services. The company's capital position also allows it to pursue attractive growth opportunities.
Business Services
RPC Incorporated provides both technical services and support services to the oil and gas industry. Technical Services utilizes people and equipment to perform value-added maintenance, production and completion services directly to a customer's well. Support Services primarily provides equipment for customer use or services to assist customer operations. |
News: |
| Apr 24, 2013 |
| RPC, Inc. to Present at Burkenroad Reports 17th Annual Investment Conference |
| Apr 24, 2013 |
| RPC, Inc. Reports First Quarter 2013 Financial Results |
| Apr 24, 2013 |
| RPC, Inc. Announces Regular Quarterly Cash Dividend |
| Apr 08, 2013 |
| RPC, Inc. Announces Date for First Quarter 2013 Financial Results and Conference Call |
| Feb 19, 2013 |
| RPC, Inc. to Present at EnerCom's The Oil & Services Conference™ 11 |
| Jan 23, 2013 |
| RPC, Inc. Reports Fourth Quarter and Year-End 2012 Financial Results |
| Jan 23, 2013 |
| RPC, Inc. Announces a 25 Percent Increase to the Regular Quarterly Cash Dividend |
| Jan 08, 2013 |
| RPC, Inc. Announces Date for Fourth Quarter and Year-End 2012
Financial Results and Conference Call |
| Nov 09, 2012 |
| RPC, Inc. Announces Special Year-End Cash Dividend |
| Oct 24, 2012 |
| RPC, Inc. Reports Third Quarter 2012 Financial Results |
| Powered by b2i Technologies, Inc. |
|
|
|
|