RES - RPC Non-GAAP EPS of $0.41 beats by $0.12 revenue of $482M beats by $19.63M

• RPC press release ( NYSE: RES ): Q4 Non-GAAP EPS of $0.41 beats by $0.12 .
• Revenue of $482M (+79.7% Y/Y) beats by $19.63M .
• EBITDA for the fourth quarter of 2022 was $135.5M compared to $39.4M in the fourth quarter of 2021.
• The average U.S. domestic rig count during the fourth quarter of 2022 was 776, a 2.0 percent increase compared to the third quarter of 2022 and a 38.3 percent increase compared to the same period in 2021.
• The average price of oil during the fourth quarter of 2022 was $82.67 per barrel, an 11.0 percent decrease compared to the third quarter of 2022, but a 26.8 percent increase compared to the same period in 2021.
• The average price of natural gas during the fourth quarter of 2022 was $5.55 per Mcf, an increase of 17.3 percent compared to the third quarter of 2022, and a one percent increase compared to the same period in 2021.

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