BUSINESSWEEK'S HOT GROWTH COMPANIES

Hot Growth Special Report 2006 >

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26

RPC (RES)

At a time of skyrocketing fuel prices -- and the eager search for more energy reserves -- there are few better businesses to be in than oil and gas services. RPC knows. The Atlanta company provides a range of technical and support services, such as pressure pumping, well control, pipe inspection, and oilfield training, mostly to independent oil and gas companies operating in the U.S. Profits at the 22-year-old company have jumped 147% on average over the past three years, from a $5.3 million loss in 2002 to $66.5 million in net last year. Over that same span, revenue has doubled to $427.6 million. And investors looking for stellar returns in the booming business have sent RPC's stock price up more than 200% in just the past year, pushing its market cap over the $2 billion mark. Demand for its oil and gas services, it seems, is turning into a gusher.

Company Info

2005 Rank

NR

Market Value*
($ Millions)

1,784.7

Sales*
($ Millions)

471.3

Sales Growth
(3-yr. avg. annual)

26.8 %

Profits*
($ Millions)

81.5

Profit Growth
(3-yr. avg. annual)

147.1 %

Return on Inv. Capital (3-yr.)

17.3 %

Share Price
12-Mo. Hi/Lo

36/9

Share Price
As of 4/28/06

28

Return on Equity

32.0 %

P/E Ratio

22

No. of Employees

1,649

Industry Oil & Gas Equipment & Services
CURRENT
MARKET INFO

RES >

COMPANY WEB SITE >
Location Atlanta
Phone 404 321-2140
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

RPC provides a range of oilfield services and equipment primarily to independent and oil and gas companies. It offers a range of technical services, including pressure pumping, snubbing, coiled tubing, well control, down-hole tools, wireline services, fluid pumping, fishing, and casing installation services. The company's support services comprise rental of drill pipe and related tools; pipe inspection and handling services; and work platform marine vessels and oilfield training services. RPC offers services primarily to companies engaged in the exploration, production, and development of oil and gas properties in the U.S., including the Gulf of Mexico, mid-continent, southwest, and Rocky Mountain regions, as well as in selected international markets. The company was founded in 1984 and has its headquarters in Atlanta.


Data provided by Capital IQ
 
Richard A. Hubbell

Richard A. Hubbell, 61

Chief Executive Officer, President and Director


Total Compensation*

$ 1,230,242

Total Options Value*

$ 10,757,260

* Fiscal Year 2005

DEGREES HELD
Westminster College - B.A. in Economics


Executive Bio

Richard Hubbell has been chief executive of RPC since April, 2003, and has been president since April, 2004. Hubbell has been director of RPC since 1987. Prior to April, 2003, Hubbell served as chief operating officer of RPC. Hubbell has been president and CEO of Marine Products (boat manufacturing) since February, 2001.


Management Team

Key Executives

Richard A. Hubbell; Ben M. Palmer

Board Directors

James A. Lane; R. Randall Rollins; Richard A. Hubbell; Linda H. Graham; Wilton Looney; Gary W. Rollins; Henry B. Tippie; James B. Williams; Bill J. Dismuke


Executive Data provided by Capital IQ