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Earnings analysis · 10-Q

RES earnings analysis

Filed May 8, 2026 · Our reading of the company's report

The latest report

RPC, Inc. reported a robust Q1 2026 with revenues of $454.8 million, a remarkable 36.6% increase year-over-year, mainly due to the Pintail acquisition and other service revenue growth. However, net income significantly…

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RPC, Inc. reported a robust Q1 2026 with revenues of $454.8 million, a remarkable 36.6% increase year-over-year, mainly due to the Pintail acquisition and other service revenue growth. However, net income significantly dipped to $0.9 million, reflecting challenges in pricing and operational costs amidst a competitive and volatile market.

Read the original on SEC.gov

Where revenue came from

The business segments reported by the company.

Technical Services 95.5% Support Services 4.5%

Shares of the segments disclosed in this filing, largest first.

Reported figures

Earnings per share
$0.03

What stood out

  • Strong Revenue Growth

    Revenues increased by $121.9 million or 36.6% year-over-year, from $332.9 million.

  • Revenue Beats Estimate

    Actual revenue of $454.8 million exceeded consensus estimates of $404.54 million by 12.41%.

  • Technical Services Growth

    Technical Services segment revenues rose by 39.3% compared to the prior year.

  • Increased Operating Cash Flow

    Cash from operating activities was $31.2 million, despite an overall decline from $39.9 million year-over-year.

  • No Debt Outstanding

    As of March 31, 2026, there were no borrowings under the credit facility, providing liquidity flexibility.

  • Capital Expenditures

    Capital expenditures were $32.1 million, down slightly from $32.3 million year-over-year.

What to watch

  • Declining Net Income

    Net income fell to $0.9 million from $12.0 million year-over-year, significantly impacting profitability.

  • Increased Cost of Revenues

    Cost of revenues surged by 45.8% yo-yo to $355.6 million, outpacing revenue growth.

  • High Effective Tax Rate

    Effective tax rate jumped to 80.1% in Q1 2026 compared to 27.2% in Q1 2025, due to non-deductible acquisition costs.

Management's outlook

Management expects capital expenditures for 2026 to be between $160 million and $180 million, directed towards maintenance and ERP upgrades.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.