Rpc (RES) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 21, 2026 astatine 12:37 PM CDT 23 min read

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Tuesday, February 3, 2026 astatine 9:00 a.m. ET

• President and CEO — Ben Palmer

• Vice President and CFO — Michael Schmit

Ben Palmer: Thanks, Mike, and convey you for joining our telephone this morning. Today, we'll speech astir our 4th fourth results and supply you with a fewer operational highlights. Fourth 4th results bespeak a sequential gross diminution crossed the bulk of our work lines, portion October and November were accordant with 3rd 4th monthly activity, we saw weakness successful December, peculiarly aboriginal successful the month. During the quarter, work lines different than unit pumping represented 70% of full revenues and saw a 4% sequential alteration compared to the 3rd 4th of 2025. Although we did spot revenues summation astatine Spinnaker's cementing business, Patterson Tubular Services retention and inspection concern and Cudd Pressure Control, snubbing and good power businesses.

Within Technical Services, Thru Tubing Solutions downhole tools revenues decreased 9% sequentially. We saw maturation successful our Southeast and Northeast regions, our largest region, the Western Mid-Con, which includes Elk City and Odessa locations was level sequentially. Weakness was experienced successful the planetary and the Rocky Mountain regions. Thru Tubing Solutions is simply a marketplace person successful downhole completion tools and includes a portfolio of products and precocious technologies. We person seen occurrence gathering since our precocious 2024 rollout of the A-10 downhole motor. The caller centrifugal is positioned successful the completions marketplace to specifically code today's longer laterals and higher travel rates. We judge this instrumentality exertion provides customers with unmatched show and has resulted successful incremental stock gains.

Thru Tubing Solutions continues to grow the rollout of its caller metal-on-metal powerfulness conception constituent called Metal Max. The merchandise allows for a shorter centrifugal design, higher torque output, reduced downtime and improved show successful demanding downhole environments. This improved exertion allows america to grow into caller markets owed to these advantages. We initially prototyped the Metal Max centrifugal successful a fewer cardinal geographic areas and person precocious expanded into different regions. Thru Tubing Solutions continues to actively marketplace and make its UnPlug technology. This innovative merchandise reduces and sometimes destruct the request for span plugs during the completion of a good and delivers faster drill-out times portion achieving highly effectual signifier isolation.