• A smaller, more specialized Halliburton.
• An oilfield services provider, similar to a regional Schlumberger.

• Well Stimulation (Pressure Pumping): Provides hydraulic fracturing and other techniques to enhance hydrocarbon recovery from oil and gas wells.
• Cementing Services: Offers services for pumping cement into wells to secure casing, isolate zones, and prevent fluid migration during drilling and completion.
• Coiled Tubing Services: Delivers well intervention solutions using a continuous steel pipe for tasks such as wellbore cleanouts, logging, and artificial lift maintenance.
• Rental Tools & Equipment: Supplies a wide range of specialized tools and equipment for various phases of oil and gas drilling, completion, and production on a rental basis.
• Fishing & Remedial Services: Specializes in recovering lost or stuck equipment from the wellbore and performing corrective actions to maintain well integrity and productivity.

RPC, Inc. (symbol: RES) primarily sells its oilfield services and equipment to other companies, operating on a business-to-business (B2B) model.

Its customers are primarily independent and major oil and natural gas exploration and production companies. These companies operate in various oil and gas basins, predominantly within the United States, utilizing RPC's services for drilling, completion, and production activities.

Based on RPC, Inc.'s public filings (specifically its latest 10-K report), no single customer accounted for 10% or more of its consolidated revenues during 2023, 2022, or 2021. Due to this diversification of its customer base and the lack of a dominant single customer, RPC, Inc. does not publicly disclose specific "major customers" by name.

Ben M. Palmer, President and Chief Executive Officer

Mr. Ben M. Palmer has served as President and Chief Executive Officer of RPC, Inc. since May 2022. He joined RPC in 1996 as Vice President, Chief Financial Officer, and Treasurer, later assuming the role of Corporate Secretary in 2018. Mr. Palmer also serves as President and Chief Executive Officer, and a Director of Marine Products Corporation, where he previously served as Chief Financial Officer, Vice President, Treasurer, and Corporate Secretary since it was spun off in 2001. Prior to joining RPC, Inc., he managed EQ Services, a commercial mortgage and asset management subsidiary of The Equitable Companies, for three years. He also spent ten years with Arthur Andersen LLP in its audit and business advisory services division.

Michael L. Schmit, Vice President, Chief Financial Officer, Treasurer and Corporate Secretary

Mr. Michael L. Schmit was appointed Vice President, Chief Financial Officer, Treasurer, and Corporate Secretary of RPC, Inc. in May 2022. Concurrently, he also holds these positions at Marine Products Corporation. Prior to joining RPC, he served as Chief Accounting Officer and Corporate Controller at SWM International (Schweitzer-Mauduit International, Inc.) since 2019, and before that, as Chief Accounting Officer and Corporate Controller of Chart Industries. His earlier career included various financial and risk management roles at other public and private companies, including Georgia-Pacific, LLC, and experience in public accounting with Ernst & Young in the U.S. and Australia.

Richard A. Hubbell, Executive Chairman of the Board

Mr. Richard A. Hubbell has served as the Executive Chairman of the Board of RPC, Inc. since May 2022. He previously held the roles of President of RPC, Inc. since 1987 and Chief Executive Officer since 2003, also serving as a Director. Mr. Hubbell is also the Executive Chairman of the Board at Marine Products Corporation, and was previously its President and Chief Executive Officer since 2001. Earlier in his career, he was Executive Vice President of Rollins Communications, Inc., a media company, having joined Rollins, Inc. in 1970.

Mark Chekanow, Vice President - Corporate Development & Investor Relations

Mr. Mark Chekanow serves as the Vice President of Corporate Development & Investor Relations at RPC, Inc.

Gregory Gatti, Chief Information Officer and Senior Vice President

Mr. Gregory Gatti is the Chief Information Officer and Senior Vice President at RPC Inc. He also holds this position at Marine Products Corporation Inc.

The accelerating global transition to renewable energy sources and the increasing focus on decarbonization across industries, driven by evolving environmental regulations, government incentives, and corporate sustainability commitments. This shift is reducing long-term investment in oil and gas exploration and production, and could lead to a structural decline in demand for fossil fuels, thereby diminishing the market for RPC's oilfield services. This trend poses a fundamental threat to the demand for the commodity RPC's business supports.

RPC, Inc. (symbol: RES) operates primarily within the oilfield services sector, offering a range of specialized services and equipment. The company's main products and services fall under two segments: Technical Services and Support Services. The Technical Services segment, which accounts for over 90% of the company's total revenue, includes pressure pumping, downhole tools, coiled tubing, cementing, snubbing, nitrogen, well control, wireline, and fishing services. The Support Services segment provides drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training and consulting services.

The addressable markets for RPC's main products and services are as follows:

• Global Oilfield Services Market: This market was estimated at USD 133.1 billion in 2023 and is projected to reach USD 166.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2030. Another estimate values the global market at USD 191.86 billion in 2024, with a projected growth to USD 204.53 billion in 2025 at a CAGR of 6.6%.
• North American Oilfield Services Market: This region represented the largest share of the global market, accounting for 31.95% in 2023. The North American oilfield services market was valued at USD 46.27 billion in 2024 and is anticipated to reach USD 61.03 billion by 2033. Another source indicates the North America Oilfield Service Market was valued at US$ 34,957.33 million in 2021, with a projection to reach US$ 52,360.49 million by 2028.
• Global Pressure Pumping Market: This market was valued at USD 83.48 billion in 2022 and is predicted to reach USD 136.70 billion by the end of 2030, demonstrating a CAGR of 6.33%. Another report estimates the global pressure pumping market size at USD 89.39 billion in 2024, with a projected increase to approximately USD 173.34 billion by 2034, growing at a CAGR of 6.85%.
• North American Pressure Pumping Market: North America held a significant share of this market, with one report stating a 65% revenue share in 2024. The U.S. pressure pumping market alone was estimated at USD 43.58 billion in 2024 and is predicted to reach around USD 86.03 billion by 2034.
• Global Completion Equipment and Services Market: This market was valued at USD 10.85 billion in 2022 and is anticipated to grow at a CAGR of 7.4% through 2028. Another estimate for the Well Completion Equipment and Services Market size was USD 11.75 billion in 2024, projected to reach USD 16.5 billion by 2032, with a CAGR of 3.85%.
• North American Completion Equipment and Services Market: North America is the leading region in the Global Completion Equipment and Services Market. The Completion Equipment and Service Market revenue in 2023 was valued at 9.18 USD Billion globally, with North America contributing 3.5 USD Billion of that total. Completion services constituted 34.2% of the North American oilfield services market share in 2024.

RPC, Inc. (RES) is expected to drive future revenue growth over the next two to three years through several key strategies and market dynamics:

1. Strategic Diversification and Growth in Less Capital-Intensive Service Lines: RPC is actively focusing on expanding its less capital-intensive service lines, such as coiled tubing, downhole tools, wireline, and rental tools. This strategy aims to reduce reliance on the more capital-intensive pressure pumping business and mitigate the impact of oil price volatility. For instance, in Q3 2025, service lines other than pressure pumping constituted 72% of total revenues and saw a 3% sequential increase. The company's diversified product offerings and geographic exposure are also seen as factors that will better position it when market fundamentals improve.
2. Introduction and Adoption of New Technologies and Innovations: The company is investing in new products and technologies that enhance operational efficiency and performance. A notable example is the A10 downhole motor, which has been well-received for its improved performance in longer laterals, contributing to efficiency and reliability. RPC is also developing "unplugged technology" to reduce the need for bridge plugs and facilitate faster drill-out times, indicating a continued focus on innovation for market share gains.
3. Strategic Acquisitions: RPC views pursuing acquisitions as a key strategic priority to expand its business. The company targets high cash flow, profitable operations with strong customer bases. The acquisition of Pintail Alternative Energy LLC, for example, significantly contributed $99.8 million to Q3 2025 revenues, demonstrating the impact of this growth strategy.
4. Recovery and Stabilization of U.S. Oilfield Activity: Despite ongoing market challenges such as oil price volatility and macroeconomic uncertainties, management has noted signs of stabilization and a recovery in activity across U.S. oilfields. As RPC's revenue model is closely tied to the operational activity levels of exploration and production companies, an overall improvement in the domestic oil and natural gas market would directly increase demand for its services.

Share Repurchases

• In 2024, RPC repurchased $9.9 million of common stock, which included $7.5 million under its share repurchase program.
• The company continued its commitment to buying back stock under its share repurchase program in 2024.

Share Issuance

• In April 2025, RPC issued 4.5 million new shares, including $25 million in RPC restricted stock, as part of the acquisition of Pintail Completions.

Outbound Investments

• In April 2025, RPC acquired Pintail Completions, a Permian Basin wireline services provider, for $245 million. The transaction consisted of $170 million in cash, $25 million in RPC restricted stock, and a $50 million three-year promissory note.
• In Q3 2023, RPC acquired Spinnaker Cementing for $79.5 million.

Capital Expenditures

• RPC projects capital spending for 2025 to be in the range of $150 million to $200 million, with a primary focus on maintenance capital expenditures and investing in innovation rather than expanding fleet capacity.
• Capital expenditures totaled $220 million in 2024.
• Capital expenditures were $158 million in 2023 and $353 million in 2022.