<p>在 RPC Inc.最近的财报电话会议上，情绪显得相当平衡。公司展示了几个积极的发展，例如连续的收入增长和新技术的成功引入，以及强劲的现金状况。然而，这些积极因素被包括成本增加、高有效税率和压力泵送部门的困难等挑战所抵消。这种正负因素的混合导致整体情绪保持中性。</p>
<h2>连续收入改善</h2>
<p>RPC Inc.在第三季度报告了连续的收入改善，与上一季度相比，收入增长了 6%，达到 4.471 亿美元。这一增长主要得益于公司大多数服务线的增加，反映了公司财务表现的积极趋势。</p>
<h2>关键服务线的增长</h2>
<p>公司的服务线（不包括压力泵送）在第三季度占总收入的 72%，实现了 3% 的连续增长。值得注意的是，Thru-Tubing Solutions 的井下工具收入增长了 5%，在落基山脉和东南地区表现强劲，突显了这些关键领域的实力。</p>
<h2>新技术的引入</h2>
<p>RPC Inc.推出了 A10 井下电机，该电机在较长的侧钻中表现出色，帮助公司获得了市场份额。此外，Cudd Energy Services 正在测试一种 100% 天然气的压裂泵，展示了公司对创新和技术进步的承诺。</p>
<h2>强劲的现金状况</h2>
<p>在季度末，RPC Inc.保持了强劲的现金状况，现金超过 1.63 亿美元，并且在 1 亿美元的循环信贷额度上没有未偿债务。公司还报告了 2170 万美元的自由现金流，突显了其财务稳定性。</p>
<h2>成本和费用增加</h2>
<p>收入成本从上一季度的 3.18 亿美元增加到 3.35 亿美元，主要由于与活动增加相关的费用。此外，销售、一般和行政费用从 4080 万美元上升至 4460 万美元，反映了期间内发生的更高成本。</p>
<h2>高有效税率</h2>
<p>RPC Inc.在第三季度面临 42.6% 的高有效税率，较上一季度上升。这一增加主要是由于不可扣除的收购相关雇佣成本和税务申报调整的准备金，影响了公司的净收入。</p>
<h2>压力泵送部门的挑战</h2>
<p>尽管活动有所改善，压力泵送部门仍面临挑战。公司在 10 月份减少了一部分设备，并减少了员工，因为公司继续根据回报基础框架评估设备，面对油田服务市场的挑战性条件。</p>
<h2>前瞻性指导</h2>
<p>展望未来，RPC Inc.预计将继续增长，2025 年全年的资本支出预测在 1.7 亿到 1.9 亿美元之间。公司预计压力泵送、卷管和井下工具将推动持续的收入增长。技术服务预计将继续成为总收入的重要贡献者，同时公司保持强劲的财务状况。</p>
<p>总之，RPC Inc.的财报电话会议呈现出积极发展与挑战的混合局面。尽管公司展示了增长和创新，但也面临成本增加和行业特定挑战。整体情绪保持中性，未来增长和稳定的前景相对平衡。</p>

<p>RPC Inc. 在其财报电话会议中报告了平衡的情绪，强调其收入环比增长 6%，达到 4.471 亿美元，主要得益于关键服务线和新技术。尽管公司拥有超过 1.63 亿美元的强劲现金储备和 2170 万美元的自由现金流，但仍面临诸如成本上升、42.6% 的高有效税率以及压力泵送部门的困难等挑战。展望未来，RPC Inc. 预计将继续增长，预计 2025 年的资本支出将在 1.7 亿至 1.9 亿美元之间，整体情绪保持中性</p>

<p>During RPC Inc.’s recent earnings call, the sentiment was notably balanced. The company showcased several positive developments, such as sequential revenue growth and the successful introduction of new technologies, alongside a robust cash position. However, these were counterbalanced by challenges including increased costs, a high effective tax rate, and difficulties within the pressure pumping segment. This mix of positive and negative factors resulted in a neutral overall sentiment.</p>
<div class="lb-trans"><p>在 RPC Inc.最近的财报电话会议上，情绪显得相当平衡。公司展示了几个积极的发展，例如连续的收入增长和新技术的成功引入，以及强劲的现金状况。然而，这些积极因素被包括成本增加、高有效税率和压力泵送部门的困难等挑战所抵消。这种正负因素的混合导致整体情绪保持中性。</p>
</div><h2>Sequential Revenue Improvement</h2>
<div class="lb-trans"><h2>连续收入改善</h2>
</div><p>RPC Inc. reported a sequential revenue improvement in the third quarter, with a 6% increase to $447.1 million compared to the previous quarter. This growth was driven by increases across most of the company’s service lines, reflecting a positive trajectory in the company’s financial performance.</p>
<div class="lb-trans"><p>RPC Inc.在第三季度报告了连续的收入改善，与上一季度相比，收入增长了 6%，达到 4.471 亿美元。这一增长主要得益于公司大多数服务线的增加，反映了公司财务表现的积极趋势。</p>
</div><h2>Growth in Key Service Lines</h2>
<div class="lb-trans"><h2>关键服务线的增长</h2>
</div><p>The company’s service lines, excluding pressure pumping, accounted for 72% of total revenues in the third quarter, achieving a 3% sequential increase. Notably, Thru-Tubing Solutions’ downhole tools revenues rose by 5%, with strong performances in the Rocky Mountain and Southeast regions, highlighting the strength in these key areas.</p>
<div class="lb-trans"><p>公司的服务线（不包括压力泵送）在第三季度占总收入的 72%，实现了 3% 的连续增长。值得注意的是，Thru-Tubing Solutions 的井下工具收入增长了 5%，在落基山脉和东南地区表现强劲，突显了这些关键领域的实力。</p>
</div><h2>Introduction of New Technologies</h2>
<div class="lb-trans"><h2>新技术的引入</h2>
</div><p>RPC Inc. introduced the A10 downhole motor, which has proven effective in longer laterals, contributing to market share gains. Additionally, Cudd Energy Services is testing a new 100% natural gas frac pump, showcasing the company’s commitment to innovation and technological advancement.</p>
<div class="lb-trans"><p>RPC Inc.推出了 A10 井下电机，该电机在较长的侧钻中表现出色，帮助公司获得了市场份额。此外，Cudd Energy Services 正在测试一种 100% 天然气的压裂泵，展示了公司对创新和技术进步的承诺。</p>
</div><h2>Strong Cash Position</h2>
<div class="lb-trans"><h2>强劲的现金状况</h2>
</div><p>At the end of the quarter, RPC Inc. maintained a strong cash position with over $163 million in cash and no outstanding debt on its $100 million revolving credit facility. The company also reported a free cash flow of $21.7 million, underscoring its financial stability.</p>
<div class="lb-trans"><p>在季度末，RPC Inc.保持了强劲的现金状况，现金超过 1.63 亿美元，并且在 1 亿美元的循环信贷额度上没有未偿债务。公司还报告了 2170 万美元的自由现金流，突显了其财务稳定性。</p>
</div><h2>Increased Costs and Expenses</h2>
<div class="lb-trans"><h2>成本和费用增加</h2>
</div><p>The cost of revenues increased to $335 million from $318 million in the previous quarter, primarily due to expenses associated with increased activity. Additionally, SG&amp;A expenses rose to $44.6 million from $40.8 million, reflecting the higher costs incurred during the period.</p>
<div class="lb-trans"><p>收入成本从上一季度的 3.18 亿美元增加到 3.35 亿美元，主要由于与活动增加相关的费用。此外，销售、一般和行政费用从 4080 万美元上升至 4460 万美元，反映了期间内发生的更高成本。</p>
</div><h2>High Effective Tax Rate</h2>
<div class="lb-trans"><h2>高有效税率</h2>
</div><p>RPC Inc. faced a high effective tax rate of 42.6% in the third quarter, up from the previous quarter. This increase was primarily due to nondeductible acquisition-related employment costs and a provision to tax return adjustment, impacting the company’s net income.</p>
<div class="lb-trans"><p>RPC Inc.在第三季度面临 42.6% 的高有效税率，较上一季度上升。这一增加主要是由于不可扣除的收购相关雇佣成本和税务申报调整的准备金，影响了公司的净收入。</p>
</div><h2>Challenges in Pressure Pumping Segment</h2>
<div class="lb-trans"><h2>压力泵送部门的挑战</h2>
</div><p>The pressure pumping segment faced challenges despite improvements in activity. A fleet was laid down in October, and staffing was reduced as the company continues to evaluate fleets from a return-based framework amid challenging conditions in the oilfield services market.</p>
<div class="lb-trans"><p>尽管活动有所改善，压力泵送部门仍面临挑战。公司在 10 月份减少了一部分设备，并减少了员工，因为公司继续根据回报基础框架评估设备，面对油田服务市场的挑战性条件。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, RPC Inc. anticipates continued growth, with a full-year 2025 capital spending forecast ranging between $170 million and $190 million. The company expects sustained revenue growth driven by pressure pumping, coiled tubing, and downhole tools. Technical Services are projected to remain a significant contributor to total revenues, while the company maintains its strong financial position.</p>
<div class="lb-trans"><p>展望未来，RPC Inc.预计将继续增长，2025 年全年的资本支出预测在 1.7 亿到 1.9 亿美元之间。公司预计压力泵送、卷管和井下工具将推动持续的收入增长。技术服务预计将继续成为总收入的重要贡献者，同时公司保持强劲的财务状况。</p>
</div><p>In conclusion, RPC Inc.’s earnings call presented a mixed bag of positive developments and challenges. While the company demonstrated growth and innovation, it also faced increased costs and sector-specific challenges. The overall sentiment remains neutral, with balanced prospects for future growth and stability.</p>
<div class="lb-trans"><p>总之，RPC Inc.的财报电话会议呈现出积极发展与挑战的混合局面。尽管公司展示了增长和创新，但也面临成本增加和行业特定挑战。整体情绪保持中性，未来增长和稳定的前景相对平衡。</p>
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RPC 公司财报电话会议：平衡的增长与面临的挑战