RPC (NYSE:RES) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

RPC (NYSE:RES) released its earnings results on Thursday. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02, Briefing.com reports. RPC had a net margin of 1.97% and a return on equity of 5.24%. The firm’s revenue for the quarter was up 36.6% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share.

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

• Revenues rose 7% sequentially to $455 million, driven by broad-based sequential increases across most service lines with Technical Services representing 95% of sales.
• ThruTubing Solutions showed strong momentum — downhole tools revenue climbed 11% sequentially while MetalMax adoption and the UnPlug technology are accelerating, signaling further upside potential as penetration expands.
• Pressure pumping revenue increased 20% sequentially due to job mix, but management said it will not reactivate stacked fleets at current pricing and flagged natural gas takeaway constraints (notably in New Mexico) as a potential limit on activity.
• Profitability and cash flow were under pressure — adjusted EBITDA fell to $53.5 million with margins down 110 bps, adjusted EPS was $0.03, and free cash flow was negative $1 million.
• Liquidity remains solid with $201 million cash and no revolver borrowings, the dividend was maintained at $0.04 per share, and 2026 CapEx guidance was raised to $160–$180 million reflecting opportunistic asset purchases.

RPC Trading Down 3.4%

RES traded down $0.25 on Thursday, reaching $7.13. 2,240,504 shares of the company traded hands, compared to its average volume of 2,271,298. RPC has a one year low of $4.18 and a one year high of $8.16. The firm has a fifty day simple moving average of $6.87 and a two-hundred day simple moving average of $6.07. The company has a market cap of $1.58 billion, a P/E ratio of 47.51 and a beta of 0.69. The company has a quick ratio of 2.70, a current ratio of 3.24 and a debt-to-equity ratio of 0.03.

RPC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, May 11th. This represents a $0.16 dividend on an annualized basis and a yield of 2.2%. RPC’s dividend payout ratio (DPR) is presently 106.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in RPC during the 4th quarter valued at about $100,000. Invesco Ltd. increased its position in RPC by 0.5% during the 4th quarter. Invesco Ltd. now owns 1,086,721 shares of the oil and gas company’s stock valued at $5,912,000 after purchasing an additional 5,211 shares during the period. Mercer Global Advisors Inc. ADV increased its position in RPC by 52.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 23,125 shares of the oil and gas company’s stock valued at $126,000 after purchasing an additional 7,918 shares during the period. Vident Advisory LLC purchased a new position in RPC during the 4th quarter valued at about $601,000. Finally, Empowered Funds LLC increased its position in RPC by 3.5% during the 4th quarter. Empowered Funds LLC now owns 1,053,024 shares of the oil and gas company’s stock valued at $5,728,000 after purchasing an additional 35,975 shares during the period. Hedge funds and other institutional investors own 41.06% of the company’s stock.

Key Headlines Impacting RPC

Here are the key news stories impacting RPC this week:

• Positive Sentiment: Revenue beat and strong top-line growth — Q1 revenue was about $454.8M vs. estimates near $411.3M, up ~36.6% year over year, showing demand recovery. RPC ($RES) Releases Q1 2026 Earnings
• Positive Sentiment: EPS beat the street — EPS of $0.03 topped consensus (~$0.01), indicating the company managed to exceed low expectations despite headwinds. RPC (RES) Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Balance sheet strength — low leverage and healthy liquidity (quick ratio ~2.7, current ratio ~3.2, debt/equity ~0.03) reduce financing risk and support capital flexibility. (See company release.) RPC, Inc. Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Earnings call and disclosure materials available — management discussed results on the call; slide deck and transcript provide more detail for investors modeling near-term cash flow and margins. Ridgepost Capital, Inc (RPC) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst and institutional signals mixed — recent median price target ~ $6.50 and large portfolio moves show both buying and selling among institutions, keeping guidance/visibility important for near-term action. RPC ($RES) Releases Q1 2026 Earnings
• Negative Sentiment: Weather and operational disruptions — management flagged weather-related impacts that constrained activity; articles note disruptions as a driver of the stock’s decline despite the beat. RPC beats revenue estimates despite weather disruptions
• Negative Sentiment: Profitability pressure — EPS declined from $0.06 a year ago to $0.03 and net margin remains thin (~1.97%), so investors worry about margin recovery even as revenue rises. RPC (NYSE:RES) Delivers Impressive Q1 CY2026
• Negative Sentiment: Market reaction — coverage noted shares falling after the release as the market weighed weaker margins, weather impacts and modest forward signals versus the headline beats. Why RPC (RES) shares are falling today

Wall Street Analyst Weigh In

RES has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of RPC in a report on Tuesday, April 14th. Wall Street Zen lowered shares of RPC from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Susquehanna raised their target price on shares of RPC from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $5.50.

About RPC

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.