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Business Acquisition | 12 Months Ended
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Dec. 31, 2024
Business Acquisition |
Business Acquisition | Note 2: Business Acquisition Effective July 1, 2023, the Company completed its acquisition of all of the outstanding equity interests in Spinnaker Oilwell Services, LLC (Spinnaker), pursuant to a Merger Agreement with Catapult Energy Services Group, LLC, as the representative of the Sellers. Spinnaker, headquartered in Oklahoma City, Oklahoma, is a leading provider of oilfield cementing services in the Permian and Mid-Continent basins. This acquisition significantly expanded RPC's cementing business from its presence in South Texas to basins in which it currently provides other services. Spinnaker is included in our Technical Services Segment. The supplemental pro forma financial information presented below was prepared using the acquisition method of accounting and was based on the historical financial information of Spinnaker and RPC. This proforma financial information does not necessarily represent what the combined company’s revenues or results of operations would have been had the acquisition been completed on January 1, 2023, nor do they intend to be a projection of future operating results of the combined company. The following table provides unaudited supplemental pro forma financial information as if the acquisition had occurred on January 1, 2023. ​
​ | ​ | ​ | ​
​ | ​ | Twelve Months Ended
​ | ​ | December 31, 2023
(in thousands) | ​ | ​ | ​
Revenues | ​ | $ | 1,669,231
Net income | ​ | ​ | 204,222
​

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