Rpc (RES) Q3 2025 Earnings Call Transcript

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Tue, April 14, 2026 astatine 10:42 AM CDT 11 min read

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Thursday, October 30, 2025 astatine 9 a.m. ET

• President and Chief Executive Officer — Ben Palmer

• Vice President and Chief Financial Officer — Michael Schmit

Ben Palmer: Thanks, Mike, and convey you for joining our telephone this morning. Today, we'll speech astir our 3rd 4th results. In addition, we volition stock our views astir the impacts we are seeing from expanding macro and geopolitical uncertainties, which were prevalent during and aft the quarter. Third 4th results bespeak a sequential gross betterment owed to increases crossed the bulk of our companies. We saw the largest increases successful unit pumping, coiled tubing and downhole tools. Service lines different than unit pumping represented 72% of full revenues successful the 3rd 4th and generated a 3% sequential increase. In summation to gross maturation successful downhole tools and coiled tubing, we besides saw maturation successful rental tools and wireline.

Thru-Tubing Solutions' downhole tools revenues accrued 5% sequentially. We saw peculiar spot successful our Rocky Mountain and Southeast regions, which is simply a testament to the company's wide geographic exposure. Thru-Tubing Solutions is simply a marketplace person successful downhole technologies. The institution continues to summation traction with its caller A10 downhole motor. The centrifugal is proving highly effective, peculiarly longer laterals, which has translated to marketplace stock summation arsenic [Technical Difficulty] centrifugal called [ Metal Max, ] has completed much than 100 runs with large operators [Technical Difficulty] allows for a smaller [Technical Difficulty] output reduced [Technical Difficulty] improved show demanding pressure, and conscionable making it highly versatile.

We proceed to adhd units for -- Thru-Tubing Solutions continues to actively marketplace and make its unplugged technology. Recall, this is an innovative merchandise that reduces and tin sometimes destruct the request for span plugs and delivers faster drill-out times portion achieving highly effectual signifier isolation. We're excited astir these caller products [Technical Difficulty] further successful our manufacture leadership. Cudd Pressure Control [Technical Difficulty] Cudd Pressure [Technical Difficulty] for state retention [Technical Difficulty] astir its retention good attraction docket implicit the adjacent respective years. This enactment is regulatory driven and is portion of our effort to proceed diversifying our business. Recently, Cudd Pressure Control collaborated with a starring concern contractor to drill a geoexchange good astatine a large university.