RPC (NYSE:RES) Posts Earnings Results, Beats Expectations By $0.04 EPS

RPC (NYSE:RES) announced its quarterly earnings results on Thursday. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04, Zacks reports. The business had revenue of $460.87 million during the quarter, compared to the consensus estimate of $463.48 million. RPC had a net margin of 1.20% and a return on equity of 4.82%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 EPS.

Here are the key takeaways from RPC’s conference call:

• Second-quarter results improved sequentially: Revenue rose 1% to $461 million, while adjusted EBITDA increased to $66 million from $53.5 million and adjusted EBITDA margin expanded 250 basis points to 14.3%, supported by better job mix, modest pricing gains and operating leverage.
• RPC’s differentiated technology businesses showed momentum, with ThruTubing Solutions revenue up 10% and Cudd Pressure Control revenue up 8%; MetalMax, UnPlug and longer-lateral applications are expanding the addressable market for downhole tools.
• The company is accelerating targeted coiled-tubing investments, expecting three 2 7/8-inch-capable units by year-end, while maintaining a strong liquidity position with approximately $180 million of cash, only $30 million of notes payable and no revolver borrowings.
• Industry activity remains subdued and management does not expect a significant near-term improvement; wireline revenue fell 16% sequentially amid customer activity reductions and aggressive competitor pricing, while pressure pumping revenue declined 1% and no fleets are planned for reactivation at current market levels.
• CEO Ben Palmer plans to retire and leave the board by the end of 2026, with a successor search expected to conclude before year-end; Palmer will remain in an advisory role to support the transition.

RPC Stock Up 6.0%

Shares of NYSE:RES opened at $5.42 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.13 and a quick ratio of 2.61. The firm has a market capitalization of $1.20 billion, a PE ratio of 60.28 and a beta of 0.64. The firm’s 50-day moving average is $6.23 and its two-hundred day moving average is $6.47. RPC has a 1 year low of $4.18 and a 1 year high of $8.16.

RPC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. RPC’s payout ratio is currently 177.78%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in RPC by 220.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,533 shares of the oil and gas company’s stock worth $31,000 after buying an additional 4,495 shares during the period. Tower Research Capital LLC TRC boosted its position in RPC by 243.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,681 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 6,153 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in RPC in the 4th quarter valued at approximately $48,000. CIBC Asset Management Inc acquired a new position in shares of RPC in the fourth quarter worth $67,000. Finally, PDT Partners LLC acquired a new position in shares of RPC in the fourth quarter worth $72,000. Hedge funds and other institutional investors own 41.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on RES shares. Weiss Ratings reiterated a “hold (c)” rating on shares of RPC in a research report on Friday, July 10th. Susquehanna reduced their target price on RPC from $7.50 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $5.33.

Trending Headlines about RPC

Here are the key news stories impacting RPC this week:

• Positive Sentiment: Adjusted earnings beat estimates: RPC reported second-quarter 2026 earnings of $0.08 per share, double the $0.04 analyst consensus and matching the prior-year result. RPC Q2 Earnings Surpass Estimates
• Positive Sentiment: Profitability improved significantly: Revenue increased 9.5% year over year to $460.9 million, while net income rose to $12.1 million from $0.9 million in the first quarter. The net margin expanded sequentially by 240 basis points to 2.6%. Support Services revenue grew 11% sequentially, and Technical Services revenue increased 1%. RPC Reports Q2 Revenue and Declares Dividend
• Positive Sentiment: Dividend maintained: RPC declared a quarterly cash dividend of $0.04 per share, payable September 10 to shareholders of record on August 10. The annualized payout is approximately $0.16 per share, representing a yield of about 2.9%. RPC Second-Quarter Results and Dividend Announcement
• Neutral Sentiment: Revenue slightly missed forecasts: Quarterly revenue of $460.87 million was below the approximately $463.48 million consensus estimate, limiting the upside from the earnings report. RPC nevertheless ended the quarter with $179.5 million in cash and no borrowings under its $100 million revolving credit facility. RPC Q2 2026 Earnings Call Transcript

RPC Company Profile

RPC, Inc (NYSE: RES) provides essential equipment and services to companies engaged in the exploration, production and maintenance of oil and natural gas wells. The firm operates as an equity interest holding company, partnering with a network of independent service businesses to deliver a comprehensive suite of offerings for well completion and production operations.

Through its affiliated service companies, RPC offers pressure pumping and fracturing services, coiled tubing and nitrogen pumping, downhole tools and telemetry solutions, well intervention and workover services, along with rental tools and supply-chain logistics.