Quarterly ResultMay 7, 2026, 06:47 AM
RPC Q1 2026 Revenue $454.8M, Net Income $0.9M, EPS $0.00
AI Summary
RPC, Inc. reported its first-quarter 2026 financial results, with revenues increasing 7% sequentially to $454.8 million. The company achieved a net income of $0.9 million, a significant improvement from a net loss of $3.1 million in the prior quarter, resulting in diluted EPS of $0.00. Adjusted net income was $7.6 million, and adjusted diluted EPS was $0.03. Management noted modest revenue increases despite weather impacts and sees signs of optimism, but remains measured in its approach due to industry concerns about commodity price volatility.
Key Highlights
- Revenues increased 7% sequentially to $454.8 million.
- Net income was $0.9 million, compared to a net loss of $3.1 million in the prior quarter.
- Diluted Earnings Per Share (EPS) was $0.00; Adjusted diluted EPS was $0.03.
- Adjusted EBITDA was $53.5 million, with an Adjusted EBITDA margin of 11.8%.
- Technical Services segment revenues increased 7% sequentially to $434.3 million.
- Support Services segment revenues were essentially flat at $20.5 million.
- Net cash provided by operating activities was $31.2 million year-to-date.
- The Board declared a regular quarterly cash dividend of $0.04 per share.