• Reported GAAP EPS of -$0.02 down -133.33% YoY • Reported revenue of $425.78M up 26.96% YoY
Bullish
RPC's full-year revenue grew 15% to $1.6 billion, driven by the Pintail Completions acquisition. RPC also maintained strong liquidity with $210.0 million cash and focuses on disciplined execution for long-term success.
Bearish
RPC's Q4 revenue declined to $425.8 million, leading to a $3.1 million net loss and reduced margins. This was impacted by an accounting change for wireline cable expenses and a challenging macro environment.