RPC, Inc. (RES) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

not broad-based yet at this point. So I would say it's incrementally positive, but like I said, it's not really broad-based yet at this point. Hey, and Don, just to, sorry to interrupt, just to point out too, you know, spot really impact, you're referring to pressure pumping and, you know, that's really only 31% of our overall revenue. Well, I was just going to say, is that across all kind of product lines, right? Because I would assume that through tubing and coil, which is the fastest kind of return dollars from an operator's perspective, would see some firming as well. Some, but they have a lot of larger customers. So really, I mean, the spot is not as big a part of their business as it is for pumping. Okay. And then obviously you stacked a few fleets over the past couple quarters, and I don't know what state those fleets are in, but I would assume that they could be brought back fairly quickly if that call arises. Just any thoughts around, you know, the yards to bring back equipment or upgrade equipment here and the potential cost to bring back a fleet? I would assume that it's, you know, $3 million just for fluid and stuff like that, but any thoughts around the reactivation cost for a fleet? There hadn't been a lot of discussion about that because, like I said, there really hadn't been broad-based opportunities to really look at that seriously. I mean, at current pricing levels, no, we would not reactivate a fleet. There are some discussions going on that could result in us perhaps looking at that, but we would need some visibility into, obviously, the pricing and the duration of the work and the volume of the work that was going to occur. In terms of time, the fleets that you referred to that we have stacked, those are no longer staffed, so it would take some t...