RPC is a holding company for several oilfield service operating companies, all of which have a history of conservative operating philosophies. RPC's corporate management philosophy throughout the years has been characterized by a long-term view of the oilfield operating cycles and a conservative capital structure, which are partially responsible for our historically high returns on invested capital.
RPC currently operates a number of products and services offered throughout the life cycle of a well. However, three service lines which account for more than 80% of RPC's revenues have benefited tremendously from the growth in directional and horizontal completion in the U.S. land market. These services serve our customers equally in natural gas and oil-directed completion operations.
RPC continues to seek out growth opportunities which will yield a high return on invested capital over time.
Investor Relations Contacts:
Vice President Corporate Services
Telephone: (404) 321-2162
Sharon A. Gardner
Senior Manager Investor Relations & Corp. Communications
and Assistant Corporate Secretary
Telephone: (404) 321-2172
Transfer Agent and Registrar:
For inquiries related to stock certificates, including changes of address, please contact:
American Stock Transfer & Trust Company, LLC
6201 Fifteenth Avenue
Brooklyn, New York 11219
2801 Buford Hwy NE, Suite 300
Atlanta, GA 30329
Fax: (404) 321-5483
Non-GAAP Financial Measures
RPC, Inc. uses the following non-GAAP financial measure:
- Earnings before interest, taxes, depreciation and amortization (EBITDA)
Management believes that presenting this financial measure enables us to compare our operating performance consistently over various time periods without regard to non-recurring items. 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 are reconciliations of these non-GAAP measures with their most comparable GAAP measures:
Reconciliation of Net Income (Loss) to EBITDA
Net Income (Loss)
Income tax provision (benefit)
Depreciation and amortization
|RPC, Inc. announces material financial information and other important information to our investors and other interested parties in a variety of ways, including our investor relations website, press releases, SEC filings, public conference calls and webcast investor presentations. We use these channels, as well as social media, to communicate with the public about RPC and its subsidiaries. It is possible that the information we disclose using any of these channels, including the information that we post on social media, could be deemed to be material information. Therefore, we encourage those interested in our company to review the information we disclose on all of these channels, including the information that we post on the social media channels listed below. This list may be updated from time to time on this page of our website.