Filing Flows › RPC (RES) › Q1 2025
RPC (RES) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
RPC (RES) reported revenue of $333M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -0.7% from the quarter before. Operating margin was 3.7%, net earnings $12.0M (3.6% of revenue).
RPC, Q1 2025: revenue $333M (-12% year over year), operating margin 3.7%, net earnings $12.0M, operating cash flow $39.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $333M | -0.7% | -12% |
| Operating profit | $12.4M | +18% | -62% |
| Net earnings | $12.0M | -6% | -56% |
| Operating cash flow | $39.9M | -58% | -30% |
| Free cash flow | $7.6M | — | +101% |
What changed
Revenue was $332.9M in Q1 2025, down 12% year over year and down 1% from the previous quarter.
Operating profit was $12.4M, a 3.7% margin (down 4.8 points year over year). Total costs fell 7% while revenue fell 12%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $12.0M, down 56% year over year. The effective tax rate was 27.2%. Non-operating items added $4.1M, 25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $39.9M (down 30% year over year), 331% of net earnings. Non-cash charges added back $35.6M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $10.6M. After capital expenditures ($32.3M), free cash flow as the company reports it was $7.6M.
Questions
What was RPC's revenue in the first quarter 2025?
RPC (RES) reported revenue of $333M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -0.7% from the quarter before.
Was RPC profitable in the first quarter 2025?
Operating profit was $12.4M (3.7% of revenue) and net earnings $12.0M.
Source: RPC 10-Q on SEC EDGAR.