RPC, Inc. Reports Second Quarter 2026 Financial Results And Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

RPC (NYSE: RES) reported second quarter 2026 revenues of $460.9 million, up 1% sequentially, with Technical Services at $438.1 million and Support Services at $22.8 million, up 11%. Net income rose to $12.1 million (diluted EPS $0.05) from $0.9 million, and net margin improved to 2.6%. Adjusted net income was $17.8 million (adjusted EPS $0.08), while adjusted EBITDA increased 23.3% sequentially to $66.0 million, lifting margin to 14.3%.

Cost of revenues declined to $345.7 million despite higher sales, though SG&A increased to $51.5 million. Cash stood at $179.5 million, reflecting a $20 million debt principal payment. The company extended its $100 million undrawn revolver maturity to 2031 and declared a $0.04 quarterly cash dividend, payable September 10, 2026.

Positive

• Sequential net income rebound to $12.1 million from $0.9 million in 1Q:26
• Adjusted EBITDA growth 23.3% sequentially to $66.0 million; margin 14.3%
• Technical Services operating income up 73% sequentially to $27.6 million
• Support Services revenues up 11% sequentially to $22.8 million; operating income $2.3 million
• Debt reduction $20 million note principal paid; no revolver borrowings
• Quarterly cash dividend of $0.04 per share declared for September 10, 2026

Negative

• Year-to-date net income $12.9 million versus $22.2 million in the prior-year period
• Free cash flow only $3.8 million year-to-date despite $74.6 million operating cash flow, reflecting high capital expenditures
• Selling, general and administrative expenses increased to $51.5 million from $48.2 million sequentially
• Cash and cash equivalents declined to $179.5 million from $210.0 million at year-end 2025
• Acquisition-related employment costs remained elevated at $7.3 million for the quarter

Market Context

Tag-matched earnings and dividend events averaged a 0.06% 24-hour move historically. That record pla...

Analysis

Tag-matched earnings and dividend events averaged a 0.06% 24-hour move historically. That record places the current profit improvement in context; oil-price volatility and moderate short positioning remain relevant risks to monitor.

Key Figures

Revenue: $460.9 million Net income: $12.1 million Diluted EPS: $0.05 +5 more

8 metrics

Revenue $460.9 million 2Q26, up 1% sequentially

Net income $12.1 million 2Q26 vs. $0.9 million in 1Q26

Diluted EPS $0.05 2Q26

Adjusted net income $17.8 million 2Q26 vs. $7.6 million in 1Q26

Adjusted EBITDA $66.0 million 2Q26 vs. $53.5 million in 1Q26

Adjusted EBITDA margin 14.3% 2Q26, up 250 basis points sequentially

Quarterly dividend $0.04 per share Payable September 10, 2026

Free cash flow $3.8 million Year-to-date through 2Q26

Previous Dividends,earnings Reports

5 past events · Latest: Oct 30 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Oct 30	3Q25 earnings/dividend	Positive	+11.8%	Revenue, net income, adjusted EBITDA, and margin increased sequentially.
Jul 24	2Q25 earnings/dividend	Negative	-3.8%	Net income declined despite acquisition-driven revenue and adjusted EBITDA growth.
Apr 24	1Q25 earnings/dividend	Positive	+0.8%	RPC announced the Pintail acquisition alongside earnings and dividend disclosures.
Jan 30	4Q24 earnings/dividend	Negative	-3.9%	Quarterly revenue, net income, and adjusted EBITDA declined sequentially.
Oct 24	3Q24 earnings/dividend	Negative	-4.6%	Lower oil prices and rig counts accompanied revenue and net income declines.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-matched earnings and dividend announcements were aligned with the subsequent 24-hour price direction in all five selected historical events.

Key Terms

non-gaap financial measures, adjusted ebitda, free cash flow, revolving credit facility

4 terms

non-gaap financial measures financial

"RPC, Inc. has used the non-GAAP financial measures of Adjusted operating income"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

adjusted ebitda financial

"Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

free cash flow financial

"Net cash provided by operating activities and Free cash flow were $74.6 million"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

View in glossary

revolving credit facility financial

"The Company had no outstanding borrowings under the Company's $100 million revolving credit facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

ATLANTA, July 30, 2026 /PRNewswire/ -- RPC, Inc. (NYSE: RES) ("RPC" or the "Company"), a leading diversified oilfield services company, announced its unaudited results for the second quarter ended June 30, 2026.

Non-GAAP and adjusted measures may include Adjusted operating income, Adjusted net income, Adjusted net income margin, Adjusted earnings per share (diluted), EBITDA and Adjusted EBITDA, Adjusted EBITDA margin, and Free cash flow which are reconciled to the most directly comparable GAAP measures in the appendices of this earnings release.

Sequential comparisons are to 1Q:26. The Company thinks quarterly sequential comparisons are most useful in assessing industry trends and RPC's recent financial results. Both sequential and year-over-year comparisons are available in the tables at the end of this earnings release.

Second Quarter 2026 Highlights

• Revenues increased 1% sequentially to $460.9 million
• Net income was $12.1 million, compared to Net income of $0.9 million in the prior quarter, and diluted Earnings Per Share (EPS) was $0.05; Net income margin increased 240 basis points sequentially to 2.6%
• Adjusted net income was $17.8 million, compared to $7.6 million in the prior quarter, and Adjusted diluted EPS was $0.08; Adjusted net income margin was 3.9%. See Appendices B and C for additional details
• Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was $66.0 million, compared to $53.5 million in the prior quarter; Adjusted EBITDA margin increased 250 basis points sequentially to 14.3%. See Appendix C for additional details
• The Board of Directors declared a regular quarterly cash dividend of $0.04 per share, payable on September 10, 2026, to common stockholders of record at the close of business on August 10, 2026

Management Commentary

"During the quarter our Technical Services segment experienced modest revenue increases. Within Technical Services, Cudd Pressure Controls' Snubbing, Spinnaker's Cementing, and Thru-Tubing Solutions' Downhole Tools generated double-digit revenue increases, which were mostly offset by lower Pintail Wireline revenues. Our Support Services segment revenues were up 11% sequentially led by Patterson Rental Tools, which generated a 21% increase compared to the seasonally weak first quarter."

"During the second quarter we saw reasons for optimism with some improved pricing and activity visibility. This allowed us an opportunity to support targeted growth through a modest increase in CapEx. Oil price volatility keeps us cautious, but our balance sheet affords us the ability to invest opportunistically."

"As previously announced, after 30 years with RPC, I believe now is the right time to retire and transition to the Company's next generation of leadership. I am committed to working closely with the Board to ensure continuity and a smooth transition, leaving RPC well-positioned with strong brands, a solid balance sheet, and a disciplined focus on full cycle returns that drive long-term shareholder value. I am blessed to have spent the last three decades working with a wonderful and dedicated group of people," stated Ben M. Palmer, RPC's President and Chief Executive Officer.

Selected Industry Data (Source: Baker Hughes, Inc., U.S. Energy Information Administration)

		2Q:26			1Q:26			Change			% Change		2Q:25			Change			% Change
Average U.S. Rig Count			554			548			6		1.1	%		571			(17)		(3.0)	%
Average Oil Price ($/barrel)		$	96.54		$	70.54		$	26.00		36.9	%	$	64.74		$	31.80		49.1	%
Average Natural Gas Price ($/Mcf)		$	2.94		$	4.81		$	(1.87)		(38.9)	%	$	3.20		$	(0.26)		(8.1)	%

2Q:26 Consolidated Financial Results (sequential comparisons to previous quarter)

Revenues were $460.9 million, up 1%. Within the Technical Services segment, revenues increased 1% sequentially, with increases in Snubbing, Cementing and Downhole Tools mostly offset by a decrease in Wireline revenues. Support Services segment revenues were up 11% primarily due to a 21% increase in Rental Tools.

Cost of revenues, which excludes depreciation and amortization of $37.4 million, was $345.7 million, down from $355.6 million. Despite the increase in revenues, cost of revenues declined primarily due to improved job mix, specifically materials & supplies within Pressure Pumping.

Selling, general and administrative expenses were $51.5 million, up from $48.2 million, primarily driven by higher professional and advisory fees.

Acquisition related employment costs were approximately $7.3 million during 2Q:26, unchanged from 1Q:26, and represent non-cash accounting adjustments for costs related to the Pintail acquisition that are contingent upon continued employment.

Depreciation and amortization was $43.0 million during 2Q:26, slightly up from the previous quarter.

Interest income totaled $1.5 million, a decrease of 13% compared to the prior quarter. The decrease was due to a lower average cash balance which reflects a $20.0 million principal payment on the note payable related to the Pintail acquisition, made in early 2Q:26.

Interest expense totaled $671 thousand, a decrease of 19% compared to the prior quarter, primarily due to the principal reduction of the note payable related to the Pintail acquisition.

Income tax provision was $4.5 million, or 27.1% of income before income taxes. The effective tax rate was lower compared to previous quarter primarily due to the smaller impact of permanent adjustments on an increased pretax income.

Net earnings and Diluted EPS totaled $12.1 million and $0.05 respectively, versus net income of $0.9 million and diluted earnings per share of $0.00, respectively, in 1Q:26. Net income margin increased 240 basis points sequentially to 2.6%.

Adjusted net income and Adjusted diluted EPS were $17.8 million and $0.08, respectively, versus $7.6 million and $0.03, respectively, in 1Q:26. Adjusted net income margin increased to 3.9% compared to 1.7% in 1Q:26. See Appendix B for additional details.

Adjusted EBITDA was $66.0 million, up 23.3% from $53.5 million in 1Q:26. Adjusted EBITDA margin increased 250 basis points sequentially to 14.3%. See Appendix C for additional details. 

Balance Sheet, Cash Flow and Capital Allocation

Cash and cash equivalents decreased to $179.5 million at the end of the second quarter compared to the end of 2025, primarily due to the $20.0 million principal payment on the note payable related to the Pintail acquisition. In the second quarter of 2026 the Company amended its credit agreement to, among other things, extend the maturity date for revolving loans from June 22, 2027, to June 30, 2031. The Company had no outstanding borrowings under the Company's $100 million revolving credit facility during the quarter.

Net cash provided by operating activities and Free cash flow were $74.6 million and $3.8 million, respectively, year-to-date through 2Q:26. Working capital was a significant use of cash during the quarter primarily due to higher accounts receivable resulting from increased customer activity and timing of collections.

Payment of dividends totaled $17.7 million year-to-date. Additionally, the Board of Directors declared a regular quarterly cash dividend of $0.04 per share, payable on September 10, 2026, to common stockholders of record at the close of business on August 10, 2026.

Share repurchases totaled $3.5 million year-to-date, all of which related to tax withholdings for restricted stock vesting.

Segment Operations (sequential comparisons versus the previous quarter)

Technical Services performs value-added completion, production and maintenance services directly to a customer's well. These services include Pressure Pumping, Downhole Tools, Wireline, Coiled Tubing, Cementing, and other offerings.

• Revenues were $438.1 million, up 1%
• Operating income was $27.6 million, up $11.6 million or 73%
• Operating income saw increases across most of our service lines

Support Services provides equipment for customer use or services to assist customer operations, including Rental Tools, pipe inspection services and storage.

• Revenues were $22.8 million, up 11%
• Operating income was $2.3 million, up $1.9 million
• Results were driven by higher activity in Rental Tools and the fixed-cost nature of this service line

		Three months ended									Six months ended
		June 30,			March 31,			June 30,			June 30,			June 30,
(In thousands) (Unaudited)		2026			2026			2025			2026			2025
Revenues:
Technical Services		$	438,115		$	434,282		$	396,754		$	872,397		$	708,598
Support Services			22,754			20,473			24,055			43,227			45,088
Total revenues		$	460,869		$	454,755		$	420,809		$	915,624		$	753,686
Operating income (loss):
Technical Services		$	27,562		$	15,978		$	21,123		$	43,540		$	35,126
Support Services			2,290			401			4,639			2,691			7,300
Corporate expenses			(9,206)			(8,270)			(5,871)			(17,476)			(11,675)
Acquisition related employment costs			(7,291)			(7,292)			(6,554)			(14,583)			(6,554)
Gain on disposition of assets, net			1,416			1,803			2,199			3,219			3,725
Total operating income		$	14,771		$	2,620		$	15,536		$	17,391		$	27,922
Interest expense			(671)			(830)			(1,007)			(1,501)			(1,138)
Interest income			1,546			1,770			1,618			3,316			5,013
Other income, net			929			749			1,152			1,678			2,037
Income before income taxes		$	16,575		$	4,309		$	17,299		$	20,884		$	33,834

Conference Call Information

RPC, Inc. will hold a conference call today, July 30, 2026, at 9:00 a.m. ET to discuss the results for the quarter. Interested parties may listen in by accessing a live webcast in the investor relations section of RPC, Inc.'s website at www.rpc.net. The live conference call can also be accessed by calling (833) 461-5787, or +1 (585) 542-9983 for international callers, and using conference ID number 300-114-924. For those not able to attend the live conference call, a replay will be available in the investor relations section of RPC, Inc.'s website beginning approximately two hours after the call and for a period of 90 days.

About RPC

RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of America, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC's investor website can be found at www.rpc.net.

Forward-Looking Statements

Certain statements and information included in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or performance and often can be identified by the use of words such as "may," "will," "should," "could," "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "potential," "continue," or similar expressions. In particular, forward-looking statements in this press release include, without limitation, the Company's statements regarding (i) "reasons for optimism" about its business, including improved pricing and activity visibility, (ii) the opportunity to "support targeted growth through a modest increase in CapEx," (iii) the Company's ability to "invest opportunistically" based on its balance sheet, and (iv) the Company being "well positioned" with strong brands, a strong balance sheet, and a disciplined focus on full cycle returns that drive long term shareholder value.  These forward-looking statements are based on the Company's current expectations and assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, among others, changes in the price of oil and natural gas and the overall performance of the U.S. and global economies; levels of capital spending by our customers and the resulting demand for our services; the impact of tariffs and other trade actions, which may increase our cost of materials and affect our profitability; business interruptions due to adverse weather conditions or other natural or man-made disasters; changes in the competitive environment of our industry; political instability and geopolitical events in petroleum-producing regions of the world, including actions by the United States or other governments, such as the recent actions by the United States in Iran and Venezuela, and any related sanctions or disruptions of key transportation routes such as the Strait of Hormuz; actions of OPEC and other oil producing nations; our customers' drilling and production activities; and our ability to identify, consummate and successfully integrate acquisitions and/or other strategic investments or transactions.  Additional factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations are described under "Risk Factors," "Forward-Looking Statements" and elsewhere in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in other reports and filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release, and readers are cautioned not to place undue reliance on such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements after the date of this press release, whether as a result of new information, future events or otherwise, except as required by applicable law.

For information about RPC, Inc., please contact:

Joshua Large,
Vice President, Corporate Finance and Investor Relations
(404) 321-2152
jlarge@rpc.net 

Michael L. Schmit,
Chief Financial Officer
(404) 321-2140
irdept@rpc.net

RPC INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands except per share data)
		Three Months Ended									Six Months Ended
		June 30,			March 31,			June 30,			June 30,			June 30,
		2026			2026			2025			2026			2025
(Unaudited)
REVENUES		$	460,869		$	454,755		$	420,809		$	915,624		$	753,686
COSTS AND EXPENSES:
Cost of revenues (exclusive of depreciation and amortization shown separately below)			345,718			355,585			317,746			701,303			561,641
Selling, general and administrative expenses			51,523			48,207			40,825			99,730			83,324
Acquisition related employment costs			7,291			7,292			6,554			14,583			6,554
Depreciation and amortization			42,982			42,854			42,347			85,836			77,970
Gain on disposition of assets, net			(1,416)			(1,803)			(2,199)			(3,219)			(3,725)
Operating income			14,771			2,620			15,536			17,391			27,922
Interest expense			(671)			(830)			(1,007)			(1,501)			(1,138)
Interest income			1,546			1,770			1,618			3,316			5,013
Other income, net			929			749			1,152			1,678			2,037
Income before income taxes			16,575			4,309			17,299			20,884			33,834
Income tax provision			4,500			3,454			7,151			7,954			11,656
NET INCOME		$	12,075		$	855		$	10,148		$	12,930		$	22,178
EARNINGS PER SHARE
Basic		$	0.05		$	0.00		$	0.05		$	0.06		$	0.10
Diluted		$	0.05		$	0.00		$	0.05		$	0.06		$	0.10
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic			221,659			221,331			220,610			221,495			218,150
Diluted			221,659			221,331			220,610			221,495			218,150

 

RPC INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
		(In thousands)
		June 30,			December 31,
		2026			2025
			(Unaudited)
ASSETS
Cash and cash equivalents		$	179,468		$	209,974
Accounts receivable, net			378,538			327,668
Inventories			125,793			119,004
Income taxes receivable			3,411			6,302
Prepaid expenses			15,544			18,307
Other current assets			23,220			23,215
Total current assets			725,974			704,470
Property, plant and equipment, net			519,012			531,556
Operating lease right-of-use assets			19,466			24,094
Finance lease right-of-use assets			1,623			1,934
Goodwill			81,249			83,422
Other intangibles, net			93,764			97,499
Other assets			18,667			25,410
Total assets		$	1,459,755		$	1,468,385
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Accounts payable		$	146,966		$	119,757
Accrued payroll and related expenses			33,188			38,636
Accrued insurance expenses			8,063			7,194
Accrued state, local and other taxes			6,066			3,543
Income taxes payable			896			787
Unearned revenue			—			13,233
Current portion of operating lease liabilities			5,759			7,606
Current portion of finance lease liabilities			941			977
Current portion of notes payable			10,000			20,000
Accrued expenses and other liabilities			5,434			5,419
Total current liabilities			217,313			217,152
Accrued insurance expenses			17,254			15,570
Notes payable			20,000			30,000
Operating lease liabilities			14,423			17,762
Finance lease liabilities			756			1,041
Other long-term liabilities			6,941			10,814
Deferred income taxes			74,319			76,875
Total liabilities			351,006			369,214
STOCKHOLDERS' EQUITY
Common stock			22,166			22,057
Capital in excess of par value			—			—
Retained earnings			1,089,403			1,079,664
Accumulated other comprehensive loss			(2,820)			(2,550)
Total stockholders' equity			1,108,749			1,099,171
Total liabilities and stockholders' equity		$	1,459,755		$	1,468,385

 

RPC INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
		(In thousands)
Six months ended June 30,		2026			2025
			(Unaudited)			(Unaudited)
OPERATING ACTIVITIES
Net income		$	12,930		$	22,178
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			85,836			77,970
Acquisition related employment costs			14,583			6,554
Working capital			(42,605)			(14,824)
Other operating activities			3,863			1,065
Net cash provided by operating activities			74,607			92,943
INVESTING ACTIVITIES
Capital expenditures			(70,837)			(75,323)
Proceeds from sale of assets			7,421			9,496
Purchase of business, net of cash and debt assumed			—			(165,656)
Net cash used for investing activities			(63,416)			(231,483)
FINANCING ACTIVITIES
Payment of dividends			(17,729)			(17,478)
Repayment of debt			(20,000)			(4,502)
Cash paid for common stock purchased and retired			(3,452)			(2,868)
Cash paid for finance lease			(516)			(474)
Net cash used for financing activities			(41,697)			(25,322)
Net decrease in cash and cash equivalents			(30,506)			(163,862)
Cash and cash equivalents at beginning of period			209,974			325,975
Cash and cash equivalents at end of period		$	179,468		$	162,113

Non-GAAP Measures

RPC, Inc. has used the non-GAAP financial measures of Adjusted operating income, Adjusted net income, Adjusted net income margin, Adjusted earnings per share, Adjusted EBITDA, Adjusted EBITDA margin and free cash flow in today's earnings release. These measures should not be considered in isolation or as a substitute for performance or liquidity measures prepared in accordance with GAAP. Management believes that presenting these non-GAAP measures, other than free cash flow, enables investors to compare the operating performance of our core business consistently over various time periods, without regard to acquisition related employment costs and changes in our accounting for purchases of wireline cables, and in the case of Adjusted EBITDA and Adjusted EBITDA margin, without regard to changes in our capital structure. Management believes that free cash flow, which measures our ability to generate additional cash from our business operations, is an important financial measure for use in evaluating RPC's liquidity. Free cash flow should be considered in addition to, rather than as a substitute for, net cash provided by operating activities as a measure of our liquidity. Additionally, RPC's definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures, due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, management believes it is important to view free cash flow as a measure that provides supplemental information to our Condensed Consolidated Statements of Cash Flows.

A non-GAAP financial measure is a numerical measure of financial performance, financial position, or cash flows that either 1) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of operations, balance sheet or statement of cash flows, or 2) includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented.

Set forth in the appendices below are reconciliations of these non-GAAP measures with their most directly comparable GAAP measures. These reconciliations also appear on RPC, Inc.'s investor website, which can be found at www.rpc.net.

Appendix A
(Unaudited)		Three months ended									Six months ended
		June 30,			March 31,			June 30,			June 30,			June 30,
(In thousands)		2026			2026			2025			2026			2025
Reconciliation of Operating Income to Adjusted Operating Income
Operating income		$	14,771		$	2,620		$	15,536		$	17,391		$	27,922
Wireline cable expenses			—			—			(2,778)	(1)		—			(2,778)	(1)
Acquisition related employment costs			7,291			7,292			6,554			14,583			6,554
Adjusted operating income		$	22,062		$	9,912		$	19,312		$	31,974		$	31,698

(1)	Beginning in the fourth quarter of 2025, wireline cables, previously capitalized and depreciated over 18 months, began being expensed due to a change in their estimated useful lives.

 

Appendix B
(Unaudited)		Three months ended									Six months ended
		June 30,			March 31,			June 30,			June 30,			June 30,
(In thousands)		2026			2026			2025			2026			2025
Reconciliation of Net Income to Adjusted Net Income
Net income		$	12,075		$	855		$	10,148		$	12,930		$	22,178
Adjustments:
Wireline cable expenses, before taxes			—			—			(2,778)	(1)		—			(2,778)	(1)
Tax effect of wireline cable expenses			—			—			653			—			653
Acquisition related employment costs, before taxes			7,291			7,292			6,554			14,583			6,554
Tax effect of Acquisition related employment costs			(1,565)			(572)			802			(2,137)			802
Total adjustments, net of tax			5,726			6,720			5,231			12,446			5,231
Adjusted net income		$	17,801		$	7,575		$	15,379		$	25,376		$	27,409

(1)	Beginning in the fourth quarter of 2025, wireline cables, previously capitalized and depreciated over 18 months, began being expensed due to a change in their estimated useful lives.

 

(Unaudited)		Three months ended									Six months ended
		June 30,			March 31,			June 30,			June 30,			June 30,
		2026			2026			2025			2026			2025
Reconciliation of Diluted Earnings Per Share to Adjusted Diluted Earnings Per Share
Diluted earnings per share		$	0.05		$	0.00		$	0.05		$	0.06		$	0.10
Adjustments:
Wireline cable expenses, before taxes			—			—			(0.01)	(2)		—			(0.01)	(2)
Tax effect of wireline cable expenses			—			—			—			—			—
Acquisition related employment costs, before taxes			0.03			0.03			0.03			0.07			0.03
Tax effect of Acquisition related employment costs			(0.01)			—			—			(0.01)			—
Total adjustments, net of tax			0.02			0.03			0.02			0.06			0.02
Adjusted diluted earnings per share (1)		$	0.08		$	0.03		$	0.06		$	0.11		$	0.13
Weighted average shares outstanding  (in thousands)			221,659			221,331			220,610			221,495			218,150

(1)	Adjusted diluted earnings per share may not equal the sum of Diluted earnings per share plus the Total adjustments, net of tax due to rounding.
(2)	Beginning in the fourth quarter of 2025, wireline cables, previously capitalized and depreciated over 18 months, began being expensed due to a change in their estimated useful lives.

 

Appendix C
(Unaudited)		Three months ended									Six months ended
		June 30,			March 31,			June 30,			June 30,			June 30,
(In thousands)		2026			2026			2025			2026			2025
Reconciliation of Net Income to EBITDA and Adjusted EBITDA, and Net Income Margin to Adjusted Net Income Margin and Adjusted EBITDA Margin
Net income		$	12,075		$	855		$	10,148		$	12,930		$	22,178
Adjustments:
Income tax provision			4,500			3,454			7,151			7,954			11,656
Interest expense			671			830			1,007			1,501			1,138
Depreciation and amortization			42,982			42,854			42,347			85,836			77,970
Interest income			(1,546)			(1,770)			(1,618)			(3,316)			(5,013)
EBITDA		$	58,682		$	46,223		$	59,035		$	104,905		$	107,929
Wireline cable expenses			—			—			(4,720)	(2)		—			(4,720)	(2)
Acquisition related employment costs			7,291			7,292			6,554			14,583			6,554
Adjusted EBITDA		$	65,973		$	53,515		$	60,869		$	119,488		$	109,763
Revenues		$	460,869		$	454,755		$	420,809		$	915,624		$	753,686
Net income margin(1)			2.6 %			0.2 %			2.4 %			1.4 %			2.9 %
Adjusted net income margin(1)			3.9 %			1.7 %			3.7 %			2.8 %			3.6 %
Adjusted EBITDA margin(1)			14.3 %			11.8 %			14.5 %			13.0 %			14.6 %

(1)	Net income margin is calculated as Net income divided by Revenues. Adjusted net income margin is calculated as Adjusted net income divided by Revenues. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Revenues.
(2)	Beginning in the fourth quarter of 2025, wireline cables, previously capitalized and depreciated over 18 months, began being expensed due to a change in their estimated useful lives.

 

Appendix D
(Unaudited)		Three months ended						Six months ended
		June 30,			June 30,			June 30,			June 30,
(In thousands)		2026			2025			2026			2025
Reconciliation of Cash Provided by Operating Activities to Free Cash Flow
Net cash provided by operating activities		$	43,434		$	53,078		$	74,607		$	92,943
Capital expenditures			(38,732)			(43,053)			(70,837)			(75,323)
Free cash flow		$	4,702		$	10,025		$	3,770		$	17,620

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/rpc-inc-reports-second-quarter-2026-financial-results-and-declares-regular-quarterly-cash-dividend-302838335.html

SOURCE RPC, Inc.

FAQ

How did RPC (NYSE: RES) perform financially in Q2 2026?

RPC reported Q2 2026 revenues of $460.9 million and net income of $12.1 million. According to RPC, adjusted net income was $17.8 million and adjusted EBITDA reached $66.0 million, reflecting stronger profitability versus the first quarter of 2026.

What was RPC (RES) earnings per share for the second quarter of 2026?

RPC reported diluted EPS of $0.05 for Q2 2026. According to RPC, adjusted diluted earnings per share were $0.08, compared with $0.03 in the first quarter of 2026, indicating sequential earnings improvement for shareholders.

Did RPC declare a dividend with its Q2 2026 results and what is the amount?

RPC declared a regular quarterly cash dividend of $0.04 per share. According to RPC, the dividend is payable on September 10, 2026 to common stockholders of record at the close of business on August 10, 2026.

How did RPC’s adjusted EBITDA change in Q2 2026 compared to Q1 2026?

RPC’s adjusted EBITDA increased to $66.0 million in Q2 2026 from $53.5 million in Q1 2026. According to RPC, this represents 23.3% sequential growth and a margin increase to 14.3%, supported by lower cost of revenues and segment operating gains.

What is the status of RPC (RES) balance sheet and debt after Q2 2026?

RPC ended Q2 2026 with $179.5 million in cash and cash equivalents. According to RPC, it made a $20.0 million principal payment on a note payable, had no borrowings on its $100 million revolver, and extended the revolver maturity to June 30, 2031.

How did RPC’s Technical and Support Services segments perform in Q2 2026?

Technical Services generated $438.1 million revenue and $27.6 million operating income in Q2 2026. According to RPC, Support Services delivered $22.8 million revenue and $2.3 million operating income, driven by higher Rental Tools activity and fixed-cost leverage.