What happened with RES today?
No read yet
Uses news and trading volume to explain the day’s move and how it relates to the market.
Stop guessing. Get the call, a three-month target price, the best and worst cases, and a source for every claim.
RPC, Inc. helps oil and gas operators bring new wells into production and improve or maintain existing wells, primarily in the United States. Most revenue comes from Technical Services, which sends crews and equipment to customer well sites. Its largest service line is pressure pumping, used to enhance initial production from horizontal wells, particularly in the Permian basin. Downhole tools and wireline services, which place tools inside wells, are also major revenue sources. Customers agree job prices based on the services, equipment, labor and materials required. A smaller Support Services business rents equipment and provides off-site support and training.
Demand depends on operators’ spending on well development and production, which responds to oil and natural gas prices; well-completion activity is especially important. One private exploration and production customer supplies a substantial share of revenue. Pressure pumping, including hydraulic fracturing, is subject to federal, state and local oversight that can raise costs or delay operations.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
ProPetro Holding Corp. and RPC compete for Permian operators’ spending on fracturing wells, moving tools into wells by wireline and sealing wells with cement. ProPetro’s fracturing, wireline and cementing results offer a read on demand and pricing in RPC’s core completion market.
Liberty Energy Inc. competes with RPC for onshore producers’ spending on hydraulic fracturing and wireline work that prepares wells for production. Watch Liberty’s completion-services revenue, but remember it also includes sand, gas delivery and other offerings beyond those shared services.
ProFrac Holding Corp. and RPC compete on equipment capability and price to fracture wells for unconventional oil and gas producers. ProFrac had four active electric fleets at December 31, 2025, while RPC offered none—a concrete difference to watch as customers favor lower-emissions equipment.
Nine Energy Service, Inc. competes with RPC to help unconventional oil and gas producers prepare wells for production through completion services and downhole tools. Its technically demanding completion-project awards show where customers are choosing technology and execution, both important to RPC’s downhole-tools business.
KLX Energy Services Holdings, Inc. competes with RPC across U.S. basins to sell producers downhole tools, equipment rentals and services that complete or repair wells. Its completion and intervention activity is more relevant to RPC’s overlapping businesses than its broader drilling-support work.
Halliburton competes with RPC for producers’ spending on stimulating production, cementing wells and working inside existing wells. Its Completion and Production segment is the closer comparison for RPC, rather than its separate drilling business.
Patterson-UTI Energy Inc competes with RPC for oil and gas producers’ spending to prepare wells for production, alongside a substantial business drilling those wells. Its completion-services segment gives a cleaner comparison for RPC than results that also include drilling services and drill-bit products.
Ranger Energy Services, Inc. competes with RPC to provide U.S. producers with wireline work, coiled tubing, equipment rentals and well maintenance. Ranger’s workover and routine-maintenance activity offers a view of spending on existing wells, not just the new-well completions that drive much of RPC’s demand.
SLB competes with RPC to help oil and gas producers construct wells and improve reservoir production, but its business has much broader global exposure. Watch its Reservoir Performance and Well Construction businesses rather than treating its digital and other operations as a direct read on RPC.
Baker Hughes competes with RPC for producers’ completion, well-intervention, pressure-pumping and wireline orders. Those offerings within Oilfield Services & Equipment are the relevant comparison; technology sold to industrial customers also shapes Baker Hughes’ overall results.
Core Laboratories Inc. overlaps RPC in selling oil and gas operators products and services that perforate wells and prepare them for production. Its Production Enhancement business is the part to watch for RPC’s perforation and completion demand, rather than its separate reservoir-sample analysis business.
Select Water Solutions, Inc. and RPC depend on completion activity from different sides: Select supplies water and oilfield chemicals to U.S. energy customers, while RPC performs fracturing and related well services that use those inputs. Select’s use of recycled water for customers’ completions offers another view of demand behind RPC’s pressure-pumping work.
NOV competes with RPC in upstream tools, equipment and rentals sold to energy producers, contractors and service companies, but also has a much broader capital-equipment business. Its shorter-cycle Energy Products and Services business is more comparable to RPC’s tools and rentals than large equipment and integrated-system sales.
Helmerich & Payne, Inc. drills wells for Permian and other U.S. oil and gas operators before their subsequent completions create demand for RPC’s services. Its U.S. drilling activity is an earlier-stage signal to watch, especially in the Permian where RPC concentrates its pressure-pumping work.
ProPetro Holding Corp. earningsPUMP
ProPetro's report will show whether Permian demand and pricing for fracturing, wireline and cementing support RPC's core completion-services market.
Read ProPetro's completion-services revenue alongside its fracturing results and pricing information. Firm revenue and pricing would indicate that Permian customers are still spending on completion work, supporting the market for RPC's pressure pumping, wireline and cementing. Weaker revenue or pricing would point to pressure on customer demand or service rates. ProPetro's fleet and cost structure differ from RPC's, so this is not a substitute for RPC's own results; it tells readers whether the completion market they share is strengthening or weakening.
Fed Interest Rate Decision
RPC’s well-site services depend on customers’ oil-and-gas investment, while higher interest rates can raise costs on its floating-rate borrowing and SOFR-linked acquisition note and make customer borrowing harder.
Expected4.0%Last release4.0%
If it comes in above expectations
Higher rates could increase interest costs on RPC’s floating-rate debt and acquisition note, while making it harder for oil-and-gas customers to borrow and fund well services.
If it comes in below expectations
Lower rates could reduce interest costs on RPC’s floating-rate debt and acquisition note, and make it easier for oil-and-gas customers to borrow and fund well services.
RPC, Inc. earningsThis company
RPC's report will show whether revenue from its wellsite technical services is turning into operating profit.
Read Technical Services revenue alongside that segment's operating income; Technical Services accounts for most of RPC's revenue and includes wellsite work such as pressure pumping, downhole tools and wireline. If revenue rises and operating income holds or grows, customer work and pricing are covering costs such as crews and equipment. If revenue rises but operating income falls, costs or pricing pressure are eating into the growth. The takeaway is whether RPC is converting demand for its core wellsite services into profit, or merely adding revenue.
