RPC Q2 2026: Net Income Rebounds to $12.1M on 9.5% Revenue Growth
RES sits 30% above its 52-week low of $4.175.
Summary
RPC Inc. reported Q2 2026 net income of $12.1 million, a significant improvement from $0.9 million in Q1, on revenues of $460.9 million. The company extended its credit facility and declared a regular quarterly dividend.
Key Events · Earnings and Guidance · RES
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Net Income Rebounds
Q2 2026 net income of $12.1 million, up from $0.9 million in Q1 2026, driven by higher activity levels and improved pricing in key service lines.
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Revenue Growth
Revenues of $460.9 million, a 9.5% increase year-over-year, with Technical Services up 10.4% to $438.1 million.
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Strong Balance Sheet
Cash and cash equivalents of $179.5 million, no outstanding borrowings under the $100 million credit facility, and an amended credit agreement extending maturity to 2031.
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Shareholder Returns
Declared a regular quarterly cash dividend of $0.04 per share, payable September 10, 2026. Stock buyback program has 12.8 million shares remaining.
Analysis · RES · Energy & Transportation
A sharp sequential recovery in profitability marks RPC's Q2 2026 results, with net income leaping from $0.9 million in Q1 to $12.1 million. Revenue grew 9.5% year-over-year to $460.9 million, fueled by heightened activity in pressure pumping, downhole tools, and coiled tubing. The company extended its credit facility to 2031, holds no outstanding borrowings, and maintains $179.5 million in cash. A $0.04 quarterly dividend was declared. While the oilfield services market remains over-supplied, improving pricing trends and activity visibility in certain service lines support a cautiously optimistic outlook.
At the time of this filing, RES was trading at $5.42 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $4.18 to $8.16. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.