Every 8-K that RPC, Inc. (RES) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow RES and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RES filings page.
RPC Inc. (RES) reports that on September 3, 2026, the Human Capital Management and Compensation Committee approved increases to executive compensation for its top officers. The annual base salary of President and CEO Ben M. Palmer was raised from approximately $637,000 to $750,000, effective retroactively as of May 16, 2026. The annual base salary of Vice President, Chief Financial Officer, Treasurer and Corporate Secretary Michael L. Schmit was raised from approximately $361,000 to $530,000, also effective retroactively as of May 16, 2026. For 2026, Mr. Schmit’s target annual cash bonus opportunity was set at 85% of his annual base salary. The company states that these changes do not alter other material terms of their compensation arrangements.
RPC, Inc. reported unaudited second quarter 2026 results for the quarter ended June 30, 2026. Revenue was $460.9 million, up 1% sequentially, with Technical Services up 1% and Support Services up 11% on stronger rental tools activity. Cost of revenues fell to $345.7 million despite higher revenue, while selling, general and administrative expenses rose to $51.5 million.
Net earnings were $12.1 million, or $0.05 per diluted share, versus $0.9 million and $0.00 in 1Q:26, lifting net income margin to 2.6%. Adjusted net income was $17.8 million, or $0.08 per share, and Adjusted EBITDA increased 23.3% to $66.0 million, with a 14.3% margin. Cash and cash equivalents were $179.5 million and the company had no borrowings under its $100 million revolving credit facility, which was amended to extend maturities to June 30, 2031. Year-to-date through 2Q:26, net cash provided by operating activities was $74.6 million and free cash flow $3.8 million. The board declared a regular quarterly cash dividend of $0.04 per share, payable September 10, 2026, to shareholders of record on August 10, 2026.
RPC, Inc. entered into an Amended and Restated Credit Agreement that updates its existing revolving credit facility. The agreement keeps a revolving line of credit of up to $100 million, including a $35 million letter of credit sub-facility and a $35 million swingline sub-facility, all guaranteed by substantially all 100%-owned domestic subsidiaries.
The amended facility extends the termination date for revolving loans from June 22, 2027 to June 30, 2031 and removes the SOFR adjustment from pricing. Key financial covenants require, when trailing four-quarter Adjusted EBITDA is at least $50 million, a maximum consolidated leverage ratio of 2.50:1.00 and a minimum debt service coverage ratio of 2.00:1.00; otherwise, minimum tangible net worth must be at least $400 million. The facility also includes customary negative covenants and events of default.
RPC, Inc. announced that President and CEO Ben M. Palmer plans to retire and leave the Board by the end of 2026 after a 30-year career with the company. The Board has begun a formal search for his successor and expects it to conclude before the end of 2026.
Palmer will continue as President and CEO until a new leader is named or through December 31, 2026, then serve in an advisory role to support a smooth transition. The Board plans to engage an independent search firm and is targeting candidates with strong operational oilfield services experience, growth focus, and financial discipline.
RPC, Inc. reported first-quarter 2026 revenue of $454.8 million, up 7% from the prior quarter, driven by stronger activity in its Technical Services segment. Technical Services revenue rose to $434.3 million, while Support Services revenue was essentially flat at $20.5 million.
Net income was $0.9 million, or $0.00 per diluted share, improving from a prior-quarter loss. Adjusted net income was $7.6 million with adjusted EPS of $0.03, down slightly sequentially. Adjusted EBITDA fell to $53.5 million, with an 11.8% adjusted EBITDA margin. Cash stood at $200.7 million, free cash flow was modestly negative, and the company maintained a $0.04 quarterly dividend.
RPC, Inc. reported results of its 2026 Annual Meeting and updated a prior disclosure about director roles. Gary Kolstad, previously elected as an independent director, was appointed to the Board’s Human Capital Management and Compensation Committee and the Audit Committee, and will chair the Human Capital Management and Compensation Committee.
Stockholders elected ten director nominees and ratified Grant Thornton LLP as independent registered public accounting firm for the year ending December 31, 2026. They also gave advisory approval to the company’s executive compensation program, approved and ratified prior grants of performance stock units to the Chief Executive Officer and the Executive Chairman, and approved amendments to the 2024 Stock Incentive Plan. These votes collectively affirm the company’s current leadership, compensation structure, and equity incentive framework.
RPC, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.04 per share. The dividend will be paid on June 10, 2026 to common stockholders of record at the close of business on May 11, 2026.
RPC provides specialized oilfield services and equipment to independent and major oil and gas companies across key U.S. regions and selected international markets.
RPC, Inc. filed an amended report to update board committee assignments. The company’s Board of Directors has appointed Independent Director Gary Kolstad to serve on the Board Audit Committee, with this service beginning immediately after his expected re-election at the April 28, 2026 Annual Meeting of Stockholders.
Stephen E. Lewis was also appointed to the Audit Committee, effective following his re-election at the same annual meeting. These changes clarify the audit oversight roles of two existing directors without altering the overall board composition or management structure.
RPC, Inc. filed a current report to note that it released its financial results for the fourth quarter and full year ended December 31, 2025. The company did this through a press release titled “RPC, Inc. Reports Fourth Quarter And Full Year 2025 Financial Results,” dated February 3, 2026, which is attached as an exhibit.
RPC, Inc. reported that longtime director Jerry W. Nix will not stand for reelection at the 2026 Annual Meeting of Stockholders. He will remain on the Board and continue as Lead Independent Director and committee chair and member until that meeting, providing continuity in board leadership.
The company also announced a regular quarterly cash dividend of $0.04 per share, payable on March 10, 2026 to common stockholders of record at the close of business on February 10, 2026. The filing notes that Mr. Nix’s decision was not due to any disagreement regarding the company’s operations, policies or practices.
RPC, Inc. (RES) filed an 8-K stating it issued a press release titled “RPC, Inc. Reports Third Quarter 2025 Financial Results And Declares Regular Quarterly Cash Dividend.” The announcement covers financial results for the third quarter ended September 30, 2025 and notes a regular quarterly cash dividend declaration. The filing attaches the press release as Exhibit 99.1.