RPC (NYSE:RES) Releases Earnings Results, Beats Estimates By $0.02 EPS

RPC (NYSE:RES) issued its earnings results on Thursday. The oil and gas company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02, Briefing.com reports. RPC had a return on equity of 4.82% and a net margin of 1.20%.The company had revenue of $454.76 million for the quarter, compared to analyst estimates of $406.68 million. During the same period in the prior year, the firm earned $0.06 earnings per share. RPC’s revenue for the quarter was up 36.6% on a year-over-year basis.

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 4.7%

NYSE RES opened at $6.80 on Friday. The firm has a market capitalization of $1.51 billion, a P/E ratio of 75.50 and a beta of 0.69. The business has a fifty day simple moving average of $6.87 and a 200 day simple moving average of $6.07. RPC has a 12 month low of $4.18 and a 12 month high of $8.16. The company has a current ratio of 3.13, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03.

RPC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, May 11th. RPC’s dividend payout ratio is presently 177.78%.

Institutional Investors Weigh In On RPC

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 4,495 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of RPC by 243.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,681 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 6,153 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of RPC during the 4th quarter worth $48,000. CIBC Asset Management Inc bought a new position in shares of RPC during the 4th quarter worth $67,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of RPC during the 3rd quarter worth $72,000. 41.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RES. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPC in a research report on Tuesday, April 14th. Susquehanna increased their price target on RPC from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Friday. Finally, Wall Street Zen lowered RPC from a “buy” rating to a “hold” rating in a research report on Saturday, February 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, RPC has a consensus rating of “Reduce” and an average price target of $5.63.

RPC News Roundup

Here are the key news stories impacting RPC this week:

• Positive Sentiment: RPC reported Q1 EPS of $0.03, topping the consensus estimate of $0.01, which suggests the business performed better than expected. RPC, Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Revenue came in at about $454.8 million, above analyst estimates, and rose 36.6% year over year, showing solid demand for RPC’s oilfield services. RPC (RES) Q1 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Susquehanna raised its price target on RPC to $7.50 from $7.00 but kept a neutral rating, signaling modest upside rather than a strongly bullish view. Benzinga / The Fly report
• Negative Sentiment: Despite the earnings beat, profit still declined from $0.06 per share a year ago, which may be pressuring sentiment around margins and earnings quality.

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.