RPC, Inc

RPC Inc. is a U.S.-based oilfield services holding company headquartered in Atlanta, Georgia. Through operating subsidiaries such as Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions, Pintail Completions and Patterson Services, it provides specialized equipment and services for oil and gas exploration, production and well development.

12,7 %

24,2 %

2,0 %

+15,0 %

3.24

2.70

— RPC, Inc
%
Technical Services65% Well-site services and equipment used directly in drilling, completion and production operations.
Support Services30% Off-site and ancillary services and equipment that support customer operations across basins.
Corporate and Other5% Centralized support, compliance and other non-operating items not allocated to field segments.

RPC sells primarily to independent oil and natural gas producers and major integrated oil companies...

  • Independent oil and gas producersprimary

    Buy completion, pressure pumping, coiled tubing and related services to execute drilling and production programs.

  • Major integrated oil companiesprimary

    Use RPC for specialized field services and equipment across large operating programs and basin activity.

  • Private E&P companiesprimary

    Often represent concentrated accounts that can drive meaningful revenue through recurring field activity.

  • Selected nationally owned oil companiessecondary

    Use RPC’s specialized services in selected international markets and U.S.-linked operations.

RPC’s core business is concentrated in the United States, especially the southwest, mid-continent, Gulf of America,...

  • •United States is the primary operating and revenue base
  • •Key U.S. basins include Permian-linked southwest activity
  • •Also active in mid-continent, Gulf of America and Appalachia
  • •Rocky Mountain exposure adds basin diversification
  • •International revenue is limited and not a major contributor

RPC’s strategy is built around serving oil and gas customers with a broad mix of field services across multiple U.S...

01
Broaden service mix across the well lifecyclemedium-term

A wider offering helps RPC capture more of each customer program and reduces dependence on any single service line.

02
Preserve basin coverage in core U.S. marketsmedium-term

Proximity to customer activity improves utilization, logistics and responsiveness in a cyclical industry.

03
Match capacity to customer spending cyclesshort-term

Oilfield services demand changes quickly with rig counts, commodity prices and completion activity.

RPC is exposed to cyclical oil and gas spending, intense competition in pressure pumping and other service lines, and...

high

Customer concentration

A single private E&P customer represented about 15% of 2025 revenue, so lost activity would materially affect results.

Scope
Technical Services
Materiality
high
high

Cyclical oil and gas capital spending

Customers fund drilling and completions from commodity-linked budgets, so lower oil or gas prices can reduce service demand.

Scope
All operating segments
Materiality
high
high

Pressure pumping oversupply and pricing pressure

Industry efficiency gains and excess capacity can compress utilization and pricing in a core service line.

Scope
Technical Services
Materiality
high
medium

Cybersecurity and digital disruption

Field operations and corporate systems rely on digital processes that could be interrupted by cyberattacks.

Scope
Enterprise systems and operations
Materiality
medium
medium

International and geopolitical exposure

Selected international markets add exposure to political instability, OPEC actions and regional disruptions.

Scope
International revenues
Materiality
medium
Goodwill impairment testing
Affects reported assets and earnings if fair value falls below carrying value
Revenue timing in field services
Affects quarterly comparability and segment margins
Allowance for credit losses
Affects bad debt expense and net receivables
Acquisition accounting
Affects balance sheet valuation and future impairment risk

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: 29.4.2026