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RPC (RES) backlog: remaining performance obligations

How much revenue RPC already has under contract, how fast it converts, and who it is with.

Data as of .

RPC backlog history

$0$500M$1B$2BMar 2024Mar 2025Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
31 Mar 2025$1.40M$1.37B0.0 yrs$1.40M
31 Mar 2024$600,000$1.52B0.0 yrs$600,000

Questions

What is RPC's backlog?
RPC reported $1.40M of remaining performance obligations at 31 Mar 2025, up 133% from a year earlier. That is 0.0 years of trailing revenue already under contract.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.