RPC INC. Files 8-K on Operations & Financial Condition
Ticker: RES · Form: 8-K · Filed: Jan 25, 2024 · CIK: 742278
| Field | Detail |
|---|---|
| Company | Rpc Inc (RES) |
| Form Type | 8-K |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K
TL;DR
**RPC INC. just dropped an 8-K on its financials, get ready for potential market moves.**
AI Summary
RPC, INC. filed an 8-K on January 25, 2024, to report on its results of operations and financial condition. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the company's health and future prospects. For shareholders, this matters because it provides transparency into how the company is performing, directly impacting their investment's value and future dividend potential.
Why It Matters
This filing provides investors with the latest financial health update for RPC, INC., which can influence stock price and investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results, not indicating any immediate high-risk events.
Analyst Insight
A smart investor would review the detailed financial statements and results of operations once they are fully disclosed to assess RPC, INC.'s performance and make informed decisions.
Key Numbers
- 001-08726 — Commission File Number (identifies RPC, INC.'s registration with the SEC)
- 58-1550825 — IRS Employer Identification No. (identifies RPC, INC. for tax purposes)
- $0.10 — par value per share (par value of RPC, INC.'s Common Stock)
Key Players & Entities
- RPC, INC. (company) — registrant filing the 8-K
- January 25, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for RPC, INC.
- New York Stock Exchange (company) — exchange where RPC, INC. Common Stock is registered
- RES (company) — trading symbol for RPC, INC. Common Stock
Forward-Looking Statements
- RPC, INC. will release its full Q4 2023 earnings report soon, building on this operational update. (RPC, INC.) — high confidence, target: Q1 2024
FAQ
What is the purpose of this 8-K filing by RPC, INC.?
The purpose of this 8-K filing by RPC, INC. is to report on the company's results of operations and financial condition, as indicated by the 'ITEM INFORMATION: Results of Operations and Financial Condition' section.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 25, 2024, as stated under 'Date of Report (Date of earliest event reported): January 25, 2024'.
What is the trading symbol and exchange for RPC, INC.'s common stock?
RPC, INC.'s common stock trades under the symbol 'RES' on the New York Stock Exchange, as detailed in the 'Securities registered pursuant to Section 12(b) of the Act' section.
Where is RPC, INC.'s principal executive office located?
RPC, INC.'s principal executive office is located at 2801 Buford Highway NE, Suite 300, Atlanta, Georgia 30329, with a telephone number of (404) 321-2140, according to the filing.
Is RPC, INC. considered an emerging growth company according to this filing?
The filing includes a checkbox '☐ Indicate by check mark whether the registrant is an emerging growth company...', which is not checked, implying RPC, INC. does not identify as an emerging growth company.
Filing Stats: 421 words · 2 min read · ~1 pages · Grade level 9.7 · Accepted 2024-01-25 06:45:11
Key Financial Figures
- $0.10 — nge on which registered Common Stock, $0.10 par value RES New York Stock Exchan
Filing Documents
- res-20240125x8k.htm (8-K) — 33KB
- res-20240125xex99d1.htm (EX-99.1) — 601KB
- res-20240125xex99d1001.jpg (GRAPHIC) — 5KB
- 0001558370-24-000491.txt ( ) — 791KB
- res-20240125.xsd (EX-101.SCH) — 3KB
- res-20240125_lab.xml (EX-101.LAB) — 16KB
- res-20240125_pre.xml (EX-101.PRE) — 10KB
- res-20240125x8k_htm.xml (XML) — 5KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 25, 2024, RPC, Inc. issued a press release titled "RPC, Inc. Reports Fourth Quarter And Full Year 2023 Financial Results And Declares Regular Quarterly Cash Dividend," announcing the financial results for the fourth quarter and full year ended December 31, 2023.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. 99.1 Press Release dated January 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) -2-
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, RPC, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RPC, Inc. Date: January 25, 2024 /s/ Michael L. Schmit Michael L. Schmit Vice President and Chief Financial Officer -3-