RPC, Inc. Reports Second Quarter 2026 Financial Results
RPC INC (RES) filed an SEC Form 8-K — Results of Operations and Financial Condition. Page 1 Second Quarter 2026 Earnings Release Exhibit 99.1 RPC, Inc. Reports Second Quarter 2026 Financial Results And Declares Regular Quarterly Cash Dividend ATLANTA, July 30, 2026 - RPC, Inc. (NYSE: RES) (“RPC” or the “Company”), a leading diversified oilfield services com
How this was made
The 30-second read
Why it matters
Traders can update near-term expectations for RPC’s profitability trajectory (adjusted net income, adjusted EBITDA, margins) and capital return (regular quarterly dividend), while monitoring liquidity and cash conversion (working capital use, free cash flow).
Market read
2Q26 results include sequential revenue stability with clear adjusted profitability and EBITDA margin improvement, plus a declared dividend and credit agreement maturity extension.
What to watch
Working capital was a significant cash use year-to-date, and free cash flow was low ($3.8M YTD through 2Q), which may temper valuation support even with higher adjusted earnings.
Background
This is an SEC 8-K filing with RPC’s 2Q 2026 earnings release (unaudited) and Item 2.02 results plus a dividend declaration.
Ticker impact
RPC reported 2Q26 revenues of $460.9M (+1% sequentially), adjusted net income $17.8M, and declared a $0.04/share dividend payable Sept. 10, 2026.
Near-term bias to the upside if investors focus on margin/EBITDA improvement and dividend, but oil-price volatility language may cap enthusiasm.
The filing provides multiple concrete 2Q financial datapoints (revenue, net income, adjusted EPS/EBITDA, margins) plus capital allocation (dividend) and balance-sheet/credit terms (maturity extended to 2031).
Market effects
Signals improving activity visibility and pricing for oilfield services, with strength in snubbing, cementing, downhole tools, and rental tools.
No specific regional demand signal beyond U.S. rig count and commodity price references.
Limited direct global read-through; results are tied to U.S. activity indicators and oil and gas price assumptions.
Counterpoint
Despite margin gains, GAAP net income remains modest and the company emphasizes oil-price volatility, which could mean the improvement is not durable.
Key entities
- companyRPC, Inc.
Diversified oilfield services company reporting 2Q26 financial results, margin expansion, and declaring a regular quarterly cash dividend.
- executiveBen M. Palmer
President and CEO stating he will retire after 30 years and transition to next-generation leadership.
- corporate eventPintail acquisition
Note payable related to the acquisition was partially repaid ($20.0M principal payment), reducing interest expense.
