RES · RPC, Inc.

RPC, Inc. reported first quarter 2026 results with revenues of $454.8 million, a 7% sequential increase driven by the Technical Services segment, which saw broad-based growth across service lines including pressure pumping (up 20%), nitrogen services (up 13%), and downhole tools (up 11%). Despite the revenue growth, adjusted EBITDA declined to $53.5 million from $55.1 million in the prior quarter, and adjusted EBITDA margin contracted 110 basis points to 11.8%, reflecting higher cost of revenues and acquisition-related employment costs. Net income turned positive at $0.9 million versus a net loss of $3.1 million in Q4 2025, aided by a $1.8 million gain on asset dispositions. Management noted that winter storms disrupted activity early in the quarter, but increased bidding activity and operator optimism around higher oil prices provide a cautiously positive outlook. The company maintained a strong balance sheet with $200.7 million in cash and no borrowings under its $100 million credit facility. A quarterly dividend of $0.04 per share was declared, payable June 10, 2026.