RPC Reports Q1 Revenue of $454.76M, Beating Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2026
0mins
Should l Buy RES?
Reports Q1 revenue $454.76M, consensus $406.68M. "During the first quarter we experienced modest revenue increases despite weather impacts to start the year. Our Technical Services segment revenues increased 7% sequentially. Within Technical Services, Cudd Energy Services' pressure pumping saw the largest percentage increase at 20% followed by Cudd Pressure Control's nitrogen service line which increased 13%. Thru Tubing Solutions' downhole tools increased 11% driven by higher activity supported by new technologies. Our Support Services segment revenues were flat sequentially, as the first quarter typically sees the biggest weather impact," stated Ben Palmer, RPC's President and Chief Executive Officer.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy RES?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on RES
Wall Street analysts forecast RES stock price to fall
3 Analyst Rating
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 7.080
Low
5.00
Averages
5.67
High
6.00
Current: 7.080
Low
5.00
Averages
5.67
High
6.00
About RES
RPC, Inc. is a diversified oilfield services company. The Company provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. It acts as a holding company for the entity groupings, including Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. Its segments include Technical Services and Support Services. The Technical Services segment consists primarily of pressure pumping, downhole tools, coiled tubing, cementing, snubbing, nitrogen, well control, wireline and fishing. The Support Services segment consists primarily of drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
RPC, Inc. Q1 2026 Earnings Call Insights
- Revenue Growth: RPC, Inc. reported a 7% sequential revenue increase to $455 million in Q1 2026, indicating a recovery in demand across service lines despite early-quarter winter storms, which reflects a positive market trend.
- Technical Services Performance: Thru Tubing Solutions' downhole tools revenues rose 11% sequentially, demonstrating the company's strengthening position in the technical services sector as product adoption and market demand improve.
- Capital Expenditure Plans: The company expects capital expenditures for 2026 to range from $160 million to $180 million, raising the lower end of the range compared to the previous quarter, which highlights a proactive approach to future asset acquisition opportunities aimed at supporting long-term growth.
- Cautious Market Outlook: Management expressed cautious optimism about future market conditions, emphasizing the supportive role of commodity prices while noting that operators' hedging capabilities and market discipline in a high-price environment will be critical factors.
See More
RPC Reports Q1 Earnings, Revenue Beats Expectations
- Significant Revenue Growth: RPC's Q1 revenue reached $454.8 million, representing a 36.6% year-over-year increase, exceeding market expectations by $48.12 million, indicating strong performance and growth potential in the market.
- Stable Earnings Per Share: The company reported a non-GAAP EPS of $0.03, in line with expectations, reflecting stability in profitability despite market fluctuations, which is crucial for investor confidence.
- Adjusted EBITDA Decline: Adjusted EBITDA was $53.5 million, down from $55.1 million in the previous quarter, indicating challenges in cost control and operational efficiency that the company needs to address.
- Slight Margin Decrease: The adjusted EBITDA margin decreased by 110 basis points sequentially to 11.8%, which may affect investor expectations regarding the company's future profitability, necessitating close monitoring of improvement strategies.
See More
RPC Reports Revenue Growth in Q1 Earnings
- Revenue Growth: RPC's revenue for Q1 2026 reached $454.8 million, a 7% increase from the previous quarter, demonstrating strong performance in the Technical Services segment, particularly with a 20% rise in pressure pumping services despite weather disruptions.
- Net Income Improvement: The company reported a net income of $855,000, a significant recovery from a net loss of $3.1 million in Q4 2025, with a net income margin increasing to 0.2%, reflecting effective strategies in cost control and revenue enhancement.
- Adjusted EBITDA Decline: Adjusted EBITDA stood at $53.5 million, down from $55.1 million in the prior quarter, with the EBITDA margin decreasing to 11.8%, indicating profitability pressures in a high-cost environment.
- Negative Free Cash Flow: The first quarter saw a negative free cash flow of $932,000, primarily due to increased working capital from higher accounts receivable, highlighting the need for careful cash flow management as the company expands its operations.
See More
RPC to Announce Q1 Earnings on May 7
- Earnings Announcement Date: RPC (RES) is set to announce its Q1 earnings on May 7 before market open, with a consensus EPS estimate of $0.03, reflecting a significant 50% year-over-year decline, indicating potential profitability challenges.
- Revenue Expectations: The consensus revenue estimate stands at $406.68 million, representing a 22.2% year-over-year increase, suggesting that despite the drop in EPS, RPC is still expected to show some revenue growth.
- Historical Performance Review: Over the past two years, RPC has beaten EPS estimates 38% of the time and revenue estimates 50% of the time, indicating a degree of capability to exceed market expectations.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen no upward revisions and four downward revisions, while revenue estimates experienced one upward revision and two downward revisions, reflecting a cautious market outlook on RPC's future performance.
See More
RPC, Inc. Elects Wesley N. Slagle to Board
- New Board Member: RPC, Inc. has elected Wesley N. Slagle to its Board of Directors, bringing a B.S. in systems engineering from the U.S. Naval Academy and an MBA from Emory University, which enhances the strategic value of the board.
- Rich Financial Experience: Slagle previously held significant roles at Goldman Sachs, including Managing Director of the Private Wealth Management division, where he gained extensive experience in capital allocation and strategic planning, which will enhance RPC's investment decision-making.
- Diverse Background: Before joining Goldman Sachs, Slagle worked at AllianceBernstein, GE Energy, and served as an officer in the U.S. Navy on a nuclear-powered submarine, showcasing his leadership skills and technical expertise.
- Board Expectations: RPC's Executive Chairman Richard A. Hubbell stated that Slagle's financial and operational knowledge will bring valuable contributions to the board, and they look forward to his active participation in the coming years.
See More
RPC to Release Q1 2026 Financial Results on May 7
- Earnings Release Schedule: RPC, Inc. will announce its financial results for the first quarter ending March 31, 2026, on May 7, 2026, before market open, reflecting the company's operational performance and financial health in the oil and gas sector.
- Conference Call Details: The company will host a conference call at 9:00 a.m. Eastern Time on the same day, where participants can dial toll-free (800) 715-9871 or +1 (646) 307-1963 for international calls, using conference ID 5388095, ensuring timely updates for investors.
- Webcast Availability: For those unable to join by phone, the call will also be broadcast live on the company's investor website and archived for 90 days, enhancing information transparency and meeting investor needs.
- Company Background: RPC, Inc. provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies in the U.S. and selected international markets, covering key oil and gas production regions, highlighting its significant position in the industry.
See More
RPC, Inc. Q1 2026 Earnings Call Insights
- Revenue Growth: RPC, Inc. reported a 7% sequential revenue increase to $455 million in Q1 2026, indicating a recovery in demand across service lines despite early-quarter winter storms, which reflects a positive market trend.
- Technical Services Performance: Thru Tubing Solutions' downhole tools revenues rose 11% sequentially, demonstrating the company's strengthening position in the technical services sector as product adoption and market demand improve.
- Capital Expenditure Plans: The company expects capital expenditures for 2026 to range from $160 million to $180 million, raising the lower end of the range compared to the previous quarter, which highlights a proactive approach to future asset acquisition opportunities aimed at supporting long-term growth.
- Cautious Market Outlook: Management expressed cautious optimism about future market conditions, emphasizing the supportive role of commodity prices while noting that operators' hedging capabilities and market discipline in a high-price environment will be critical factors.
See More
RPC Reports Q1 Earnings, Revenue Beats Expectations
- Significant Revenue Growth: RPC's Q1 revenue reached $454.8 million, representing a 36.6% year-over-year increase, exceeding market expectations by $48.12 million, indicating strong performance and growth potential in the market.
- Stable Earnings Per Share: The company reported a non-GAAP EPS of $0.03, in line with expectations, reflecting stability in profitability despite market fluctuations, which is crucial for investor confidence.
- Adjusted EBITDA Decline: Adjusted EBITDA was $53.5 million, down from $55.1 million in the previous quarter, indicating challenges in cost control and operational efficiency that the company needs to address.
- Slight Margin Decrease: The adjusted EBITDA margin decreased by 110 basis points sequentially to 11.8%, which may affect investor expectations regarding the company's future profitability, necessitating close monitoring of improvement strategies.
See More
RPC Reports Revenue Growth in Q1 Earnings
- Revenue Growth: RPC's revenue for Q1 2026 reached $454.8 million, a 7% increase from the previous quarter, demonstrating strong performance in the Technical Services segment, particularly with a 20% rise in pressure pumping services despite weather disruptions.
- Net Income Improvement: The company reported a net income of $855,000, a significant recovery from a net loss of $3.1 million in Q4 2025, with a net income margin increasing to 0.2%, reflecting effective strategies in cost control and revenue enhancement.
- Adjusted EBITDA Decline: Adjusted EBITDA stood at $53.5 million, down from $55.1 million in the prior quarter, with the EBITDA margin decreasing to 11.8%, indicating profitability pressures in a high-cost environment.
- Negative Free Cash Flow: The first quarter saw a negative free cash flow of $932,000, primarily due to increased working capital from higher accounts receivable, highlighting the need for careful cash flow management as the company expands its operations.
See More
RPC to Announce Q1 Earnings on May 7
- Earnings Announcement Date: RPC (RES) is set to announce its Q1 earnings on May 7 before market open, with a consensus EPS estimate of $0.03, reflecting a significant 50% year-over-year decline, indicating potential profitability challenges.
- Revenue Expectations: The consensus revenue estimate stands at $406.68 million, representing a 22.2% year-over-year increase, suggesting that despite the drop in EPS, RPC is still expected to show some revenue growth.
- Historical Performance Review: Over the past two years, RPC has beaten EPS estimates 38% of the time and revenue estimates 50% of the time, indicating a degree of capability to exceed market expectations.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen no upward revisions and four downward revisions, while revenue estimates experienced one upward revision and two downward revisions, reflecting a cautious market outlook on RPC's future performance.
See More
RPC, Inc. Elects Wesley N. Slagle to Board
- New Board Member: RPC, Inc. has elected Wesley N. Slagle to its Board of Directors, bringing a B.S. in systems engineering from the U.S. Naval Academy and an MBA from Emory University, which enhances the strategic value of the board.
- Rich Financial Experience: Slagle previously held significant roles at Goldman Sachs, including Managing Director of the Private Wealth Management division, where he gained extensive experience in capital allocation and strategic planning, which will enhance RPC's investment decision-making.
- Diverse Background: Before joining Goldman Sachs, Slagle worked at AllianceBernstein, GE Energy, and served as an officer in the U.S. Navy on a nuclear-powered submarine, showcasing his leadership skills and technical expertise.
- Board Expectations: RPC's Executive Chairman Richard A. Hubbell stated that Slagle's financial and operational knowledge will bring valuable contributions to the board, and they look forward to his active participation in the coming years.
See More
RPC to Release Q1 2026 Financial Results on May 7
- Earnings Release Schedule: RPC, Inc. will announce its financial results for the first quarter ending March 31, 2026, on May 7, 2026, before market open, reflecting the company's operational performance and financial health in the oil and gas sector.
- Conference Call Details: The company will host a conference call at 9:00 a.m. Eastern Time on the same day, where participants can dial toll-free (800) 715-9871 or +1 (646) 307-1963 for international calls, using conference ID 5388095, ensuring timely updates for investors.
- Webcast Availability: For those unable to join by phone, the call will also be broadcast live on the company's investor website and archived for 90 days, enhancing information transparency and meeting investor needs.
- Company Background: RPC, Inc. provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies in the U.S. and selected international markets, covering key oil and gas production regions, highlighting its significant position in the industry.
See More
