Form 8-K

8-K — RPC INC

Accession: 0001104659-26-056633

Filed: 2026-05-07

Period: 2026-05-07

CIK: 0000742278

SIC: 1389 (OIL, GAS FIELD SERVICES, NBC)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — res-20260507x8k.htm (Primary)

EX-99.1 (res-20260507xex99d1.htm)

GRAPHIC (res-20260507xex99d1001.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: res-20260507x8k.htm · Sequence: 1

RPC, INC._May 7, 2026

0000742278false00007422782026-05-072026-05-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 7, 2026

RPC, INC.

(Exact name of registrant as specified in its charter)

Delaware

1-8726

58-1550825

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

2801 Buford Highway NE, Suite 300, Atlanta, Georgia 30329

(Address of principal executive office) (zip code)

Registrant's telephone number, including area code: (404) 321-2140

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.10 par value

RES

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On May 7, 2026, RPC, Inc. issued a press release titled “RPC, Inc. Reports First Quarter 2026 Financial Results,” announcing the financial results for the first quarter ended March 31, 2026.

Item 9.01. Financial Statements and Exhibits.

99.1

Press Release dated May 7, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

-2-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, RPC, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

RPC, Inc.

Date: May 7, 2026

/s/ Michael L. Schmit

Michael L. Schmit

Vice President and Chief Financial Officer

-3-

EX-99.1

Filename: res-20260507xex99d1.htm · Sequence: 2

Page 1

First Quarter 2026 Earnings Release

Exhibit 99.1

RPC, Inc. Reports First Quarter 2026 Financial Results

ATLANTA, May 7, 2026 - RPC, Inc. (NYSE: RES) (“RPC” or the “Company”), a leading diversified oilfield services company, announced its unaudited results for the first quarter ended March 31, 2026.

Non-GAAP and adjusted measures may include, adjusted operating income, adjusted net income, adjusted net income margin, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow which are reconciled to the most directly comparable GAAP measures in the appendices of this earnings release.

Sequential comparisons are to 4Q:25. The Company believes quarterly sequential comparisons are most useful in assessing industry trends and RPC’s recent financial results. Both sequential and year-over-year comparisons are available in the tables at the end of this earnings release.

First Quarter 2026 Highlights

● Revenues increased 7% sequentially to $454.8 million

● Net income was $0.9 million, compared to net loss of $3.1 million in the prior quarter, and diluted Earnings Per Share (EPS) was $0.00; Net income margin increased 90 basis points sequentially to 0.2%

● Adjusted net income was $7.6 million, compared to $9.4 million in the prior quarter, and adjusted diluted EPS was $0.03; Adjusted net income margin was 1.7%. See Appendices B and C for additional details

● Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was $53.5 million, compared to $55.1 million in the prior quarter; Adjusted EBITDA margin decreased 110 basis points sequentially to 11.8%. See Appendix C for additional details

Management Commentary

“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 M. Palmer, RPC’s President and Chief Executive Officer.

“The year started off with winter storms disrupting activity across multiple basins which was followed by significant geopolitical events that meaningfully increased oil prices. We are seeing signs of optimism including increased bidding activity, as well as a number of operators electing to maintain activity, rather than following through with previously announced reduction plans. However, industry concerns about the duration of higher commodity prices and price volatility are currently limiting any significant reevaluation of spending plans. As we look ahead, we will be measured in our approach focusing on returns on capital and strategically investing where prudent.”

Selected Industry Data (Source: Baker Hughes, Inc., U.S. Energy Information Administration)

1Q:26

4Q:25

Change

% Change

1Q:25

Change

% Change

Average U.S. rig count

548

—

588

(40)

(6.8)

Average Oil price ($/barrel)

70.54

59.79

10.75

18.0

71.93

(1.39)

(1.9)

Average Natural gas ($/Mcf)

4.81

3.69

1.12

30.4

4.14

0.67

16.2

Page 2

First Quarter 2026 Earnings Release

1Q:26 Consolidated Financial Results (sequential comparisons to previous quarter)

Revenues were $454.8 million, up 7%. Within the Technical Services segment, we saw revenues increase 7% sequentially with pumping, nitrogen, and downhole tools seeing double digit percentage increases. Within the Support Services segment revenues were essentially flat.

Cost of revenues, which excludes depreciation and amortization of $37.1 million, was $355.6 million, up from $336.6 million. Cost of revenues was most impacted by costs that typically vary with activity and job mix, specifically materials & supplies and fuel sourced for customers.

Selling, general and administrative expenses were $48.2 million, slightly up from $47.7 million.

Acquisition related employment costs were approximately $7.3 million during 1Q:26 and 4Q:25, and represent non-cash accounting adjustments related to the Pintail acquisition costs that are contingent upon continued employment.

Depreciation and amortization was $42.9 million during 1Q:26, and 4Q:25 was $39.1 million. The fourth quarter reflected a $2.8 million reduction in depreciation and amortization due to the change in wireline cable accounting. See Appendix C for additional details.

Interest income totaled $1.8 million, approximating the prior quarter.

Interest expense totaled $830 thousand, approximating the prior quarter.

Income tax provision was $3.5 million, primarily due to the disproportionate impact of permanent non-deductible items, mainly acquisition related employment costs, on a relatively low pretax income.

Net earnings and Earnings per share totaled $0.9 million and $0.00 respectively, versus net loss of $3.1 million and diluted loss per share of $0.02, respectively, in 4Q:25. Net income margin increased 90 basis points sequentially to 0.2%.

Adjusted net income and Adjusted diluted EPS were $7.6 million and $0.03, respectively, versus $9.4 million and $0.04, respectively, in 4Q:25. Adjusted net income margin decreased to 1.7% from 2.2% in 4Q:25.

Adjusted EBITDA was $53.5 million, down from $55.1 million. Adjusted EBITDA margin decreased 110 basis points sequentially to 11.8%. See Appendix C for additional details.

Balance Sheet, Cash Flow and Capital Allocation

Cash and cash equivalents decreased slightly to $200.7 million at the end of the first quarter compared to the end of 2025, with no outstanding borrowings under the Company’s $100 million revolving credit facility.

Net cash provided by operating activities and Free cash flow were $31.2 million and ($0.9) million, respectively, year-to-date through 1Q:26. Working capital was a significant use of cash during the quarter primarily due to higher accounts receivable resulting from revenue increases.

Payment of dividends totaled $8.9 million year-to-date. As previously announced, the Board of Directors declared a regular quarterly cash dividend of $0.04 per share, payable on June 10, 2026, to common stockholders of record at the close of business on May 11, 2026.

Page 3

First Quarter 2026 Earnings Release

Share repurchases totaled $3.5 million year-to-date, all of which related to tax withholding for restricted stock vesting.

Segment Operations (sequential comparisons versus the previous quarter)

Technical Services performs value-added completion, production and maintenance services directly to a customer’s well. These services include pressure pumping, downhole tools, wireline, coiled tubing, cementing, and other offerings.

- Revenues were $434.3 million, up 7%

- Operating income was $16.0 million, up $7.5 million or 89%. Recall the fourth quarter was impacted by the transition to expensing wireline cables

- Operating income saw broad based increases across most of our service lines

Support Services provides equipment for customer use or services to assist customer operations, including rental tools, pipe inspection services and storage.

- Revenues were $20.5 million, essentially flat

- Operating income was $0.4 million, down $1.3 million or 76%

- Rental Tools typically sees the most seasonality during the first quarter

Three Months Ended

March 31,

December 31,

March 31,

(In thousands)

2026

2025

(Unaudited)

Revenues:

Technical Services

434,282

405,244

311,844

Support Services

20,473

20,533

21,033

Total revenues

454,755

425,777

332,877

Operating income (loss):

Technical Services

15,978

8,457

(1)

14,003

Support Services

401

1,688

2,661

Corporate expenses

(8,270)

(7,748)

(5,804)

Acquisition related employment costs

(7,292)

(7,291)

—

Gain on disposition of assets, net

1,803

904

1,526

Total operating income (loss)

2,620

(3,990)

12,386

Interest expense

(830)

(942)

(131)

Interest income

1,770

1,654

3,395

Other income, net

749

3,426

885

Income before income taxes

4,309

148

16,535

(1) Beginning in the fourth quarter of 2025, wireline cables, previously capitalized and depreciated over 18 months, began being expensed due to a change in their estimated useful lives. Wireline cable adjustments in 2025 totaled approximately $13.8 million: $4.7 million in second quarter, $4.5 million in the third quarter, and $4.6 million in the fourth quarter. Wireline cable purchase expenses are partially offset by a decrease in depreciation of $1.9 million in the second quarter, $2.5 million in the third quarter and $1.0 million in the fourth quarter. The net 2025 operating income impact was additional expense of $8.3 million comprised of $2.8 million in the second quarter, $2.0 million in the third quarter and $3.5 million in the fourth quarter.

Conference Call Information

RPC, Inc. will hold a conference call today, May 7, 2026, at 9:00 a.m. ET to discuss the results for the quarter. Interested parties may listen in by accessing a live webcast in the investor relations section of RPC, Inc.’s website at www.rpc.net. The live conference call can also be accessed by calling (800) 715-9871, or +1 (646) 307-1963 for international callers, and using conference ID number 5388095. For those not able to attend the live conference call, a replay will be available in the investor relations section of RPC, Inc.’s website beginning approximately two hours after the call and for a period of 90 days.

Page 4

First Quarter 2026 Earnings Release

About RPC

RPC 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 America, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC’s investor website can be found at www.rpc.net.

Forward Looking Statements

Certain statements and information included in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements that look forward in time or express management’s beliefs, expectations or hopes. In particular, such statements include, without limitation: that the Company is seeing signs of optimism, including increased bidding activity, as well as a number of operators electing to maintain activity, rather than previously announced reduction plans; that industry concerns about the duration of higher commodity prices and price volatility are currently limiting any significant reevaluation of spending plans; and the Company’s expectation for future periods that it will follow a measured approach focusing on returns on capital and strategically investing in a prudent manner. Risk factors that could cause such future events not to occur as expected include the following: the price of oil and natural gas and overall performance of the U.S. economy, both of which can impact capital spending by our customers and demand for our services; the impact of tariffs, which may increase our cost of materials and impact our profitability, business interruptions due to adverse weather conditions; changes in the competitive environment of our industry, including the potential impact of the recent U.S. actions in Iran and Venezuela, including without limitation the impacts of the blockade of the Strait of Hormuz; political instability in the petroleum-producing regions of the world; the actions of the OPEC oil cartel; our customers’ drilling and production activities; and our ability to identify, complete and successfully integrate acquisitions and/or other strategic investments or transactions. Additional factors that could cause the actual results to differ materially from management’s projections, forecasts, estimates, and expectations are contained in RPC’s Form 10-K for the year ended December 31, 2025.

For information about RPC, Inc., please contact:

Joshua Large,

Vice President, Corporate Finance and Investor Relations

(404) 321-2152

jlarge@rpc.net

Michael L. Schmit,

Chief Financial Officer

(404) 321-2140

irdept@rpc.net

Page 5

First Quarter 2026 Earnings Release

RPC INCORPORATED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands except per share data)

Three Months Ended

March 31,

December 31,

March 31,

2026

2025

(Unaudited)

REVENUES

454,755

425,777

332,877

COSTS AND EXPENSES:

Cost of revenues (exclusive of depreciation and amortization shown separately below)

355,585

336,568

243,895

Selling, general and administrative expenses

48,207

47,687

42,499

Acquisition related employment costs

7,292

7,291

—

Depreciation and amortization

42,854

39,125

35,623

Gain on disposition of assets, net

(1,803)

(904)

(1,526)

Operating income (loss)

2,620

(3,990)

12,386

Interest expense

(830)

(942)

(131)

Interest income

1,770

1,654

3,395

Other income, net

749

3,426

885

Income before income taxes

4,309

148

16,535

Income tax provision

3,454

3,209

4,505

NET INCOME (LOSS)

855

(3,061)

12,030

EARNINGS (LOSS) PER SHARE

Basic

0.00

(0.02)

(1)

0.06

Diluted

0.00

(0.02)

0.06

WEIGHTED AVERAGE SHARES OUTSTANDING

Basic

221,331

212,247

(2)

215,691

Diluted

221,331

212,247

215,691

(1) For the three months ended December 31, 2025, loss per share reflects a reduction of $0.01, due to the adjustment for earnings attributable to participating securities under the two-class method. Participating securities are share-based payment awards with non-forfeitable rights to dividends.

(2) Average shares outstanding were reduced by 8,327 shares of participating securities for the three months ended December 31, 2025, under the two-class method and because the inclusion of such securities would be anti-dilutive.

Page 6

First Quarter 2026 Earnings Release

RPC INCORPORATED AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands)

March 31,

December 31,

2026

2025

(Unaudited)

ASSETS

Cash and cash equivalents

200,730

209,974

Accounts receivable, net

374,693

327,668

Inventories

120,375

119,004

Income taxes receivable

1,701

6,302

Prepaid expenses

14,164

18,307

Other current assets

23,109

23,215

Total current assets

734,772

704,470

Property, plant and equipment, net

521,206

531,556

Operating lease right-of-use assets

22,209

24,094

Finance lease right-of-use assets

1,908

1,934

Goodwill

81,249

83,422

Other intangibles, net

96,742

97,499

Other assets

22,872

25,410

Total assets

1,480,958

1,468,385

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Accounts payable

160,765

119,757

Accrued payroll and related expenses

26,955

38,636

Accrued insurance expenses

8,438

7,194

Accrued state, local and other taxes

5,101

3,543

Income taxes payable

881

787

Unearned revenue

—

13,233

Current portion of operating lease liabilities

6,408

7,606

Current portion of finance lease liabilities

1,018

977

Current portion of notes payable

20,000

Accrued expenses and other liabilities

5,397

5,419

Total current liabilities

234,963

217,152

Accrued insurance expenses

16,134

15,570

Notes payable

30,000

Operating lease liabilities

16,314

17,762

Finance lease liabilities

970

1,041

Other long-term liabilities

10,937

10,814

Deferred income taxes

75,338

76,875

Total liabilities

384,656

369,214

STOCKHOLDERS' EQUITY

Common stock

22,164

22,057

Capital in excess of par value

—

Retained earnings

1,076,801

1,079,664

Accumulated other comprehensive loss

(2,663)

(2,550)

Total stockholders' equity

1,096,302

1,099,171

Total liabilities and stockholders' equity

1,480,958

1,468,385

Page 7

First Quarter 2026 Earnings Release

RPC INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

Three months ended March 31,

2026

2025

(Unaudited)

OPERATING ACTIVITIES

Net income

855

12,030

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

42,854

35,623

Acquisition related employment costs

7,292

—

Working capital

(21,697)

(6,920)

Other operating activities

1,869

(868)

Net cash provided by operating activities

31,173

39,865

INVESTING ACTIVITIES

Capital expenditures

(32,105)

(32,270)

Proceeds from sale of assets

4,265

4,827

Net cash used for investing activities

(27,840)

(27,443)

FINANCING ACTIVITIES

Payment of dividends

(8,865)

(8,653)

Cash paid for common stock purchased and retired

(3,452)

(2,868)

Cash paid for finance lease and finance obligations

(260)

(152)

Net cash used for financing activities

(12,577)

(11,673)

Net (decrease) increase in cash and cash equivalents

(9,244)

749

Cash and cash equivalents at beginning of period

209,974

325,975

Cash and cash equivalents at end of period

200,730

326,724

Non-GAAP Measures

RPC, Inc. has used the non-GAAP financial measures of adjusted operating income, adjusted net income, adjusted net income margin, adjusted earnings per share, adjusted EBITDA, adjusted EBITDA margin and free cash flow in today's earnings release. These measures should not be considered in isolation or as a substitute for performance or liquidity measures prepared in accordance with GAAP. Management believes that presenting these non-GAAP measures, other than free cash flow, enables investors to compare the operating performance of our core business consistently over various time periods, without regard to acquisition related employment costs and changes in our accounting for purchases of wireline cables, and in the case of Adjusted EBITDA and Adjusted EBITDA margin, without regard to changes in our capital structure. Management believes that free cash flow, which measures our ability to generate additional cash from our business operations, is an important financial measure for use in evaluating RPC's liquidity. Free cash flow should be considered in addition to, rather than as a substitute for, net cash provided by operating activities as a measure of our liquidity. Additionally, RPC’s definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures, due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, management believes it is important to view free cash flow as a measure that provides supplemental information to our Condensed Consolidated Statements of Cash Flows.

A non-GAAP financial measure is a numerical measure of financial performance, financial position, or cash flows that either 1) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of operations, balance sheet or statement of cash flows, or 2) includes amounts, or is subject

Page 8

First Quarter 2026 Earnings Release

to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented.

Set forth in the appendices below are reconciliations of these non-GAAP measures with their most directly comparable GAAP measures. These reconciliations also appear on RPC, Inc.'s investor website, which can be found at www.rpc.net.

Appendix A

(Unaudited)

Three Months Ended

March 31,

December 31,

March 31,

(In thousands)

2026

2025

Reconciliation of Operating Income (Loss) to Adjusted Operating Income

Operating income (loss)

2,620

(3,990)

12,386

Wireline cable expenses

—

4,818

(1)

—

Acquisition related employment costs

7,292

7,291

—

Adjusted operating income

9,912

8,119

12,386

Appendix B

(Unaudited)

Three Months Ended

March 31,

December 31,

March 31,

(In thousands)

2026

2025

Reconciliation of Net Income (Loss) to Adjusted Net Income

Net income (loss)

855

(3,061)

12,030

Adjustments:

Wireline cable expenses, before taxes

—

4,818

(1)

—

Tax effect of wireline cable expenses

—

(1,132)

—

Acquisition related employment costs, before taxes

7,292

7,291

—

Tax effect of Acquisition related employment costs

(572)

(2,504)

—

Taxes on company owned life insurance liquidation

—

3,962

—

Total adjustments, net of tax

6,720

12,435

—

Adjusted net income

7,575

9,373

12,030

(1) Beginning in the fourth quarter of 2025, wireline cables, previously capitalized and depreciated over 18 months, are now being expensed due to a change in their estimated useful lives. Wireline cable adjustments in 2025 totaled approximately $13.8 million: $4.7 million in second quarter, $4.5 million in the third quarter, and $4.6 million in the fourth quarter. Wireline cable purchase expenses are partially offset by a decrease in depreciation of $1.9 million in the second quarter, $2.5 million in the third quarter and $1.0 million in the fourth quarter. The net 2025 operating income impact was additional expense of $8.3 million comprised of $2.8 million in the second quarter, $2.0 million in the third quarter and $3.5 million in the fourth quarter.

Page 9

First Quarter 2026 Earnings Release

(Unaudited)

Three Months Ended

March 31,

December 31,

March 31,

2026

2025

Reconciliation of Diluted Earnings (Loss) Per Share to Adjusted Diluted Earnings Per Share

Diluted earnings (loss) per share

0.00

(0.02)

0.06

Adjustments:

Wireline cable expenses, before taxes

—

0.02

(1)

—

Tax effect of wireline cable expenses

—

Acquisition related employment costs, before taxes

0.03

—

Tax effect of Acquisition related employment costs

(0.00)

(0.01)

—

Taxes on company owned life insurance liquidation

—

0.02

—

Total adjustments, net of tax

0.03

0.06

—

Adjusted diluted earnings per share

0.03

0.04

0.06

Weighted average shares outstanding (in thousands)

221,331

220,574

215,691

Appendix C

(Unaudited)

Three Months Ended

March 31,

December 31,

March 31,

(In thousands)

2026

2025

Reconciliation of Net Income (loss) to EBITDA and Adjusted EBITDA, and Net Income Margin to Adjusted Net Income Margin and Adjusted EBITDA Margin

Net income (loss)

855

(3,061)

12,030

Adjustments:

Add: Income tax provision

3,454

3,209

4,505

Add: Interest expense

830

942

131

Add: Depreciation and amortization

42,854

39,125

35,623

Less: Interest income

1,770

1,654

3,395

EBITDA

46,223

38,561

48,894

Add: Wireline cable expenses

—

9,251

(2)

—

Add: Acquisition related employment costs

7,292

7,291

—

Adjusted EBITDA

53,515

55,103

48,894

Revenues

454,755

425,777

332,877

Net income (loss) margin(1)

0.2%

(0.7)%

3.6%

Adjusted net income margin(1)

1.7%

2.2%

(2)

3.6%

Adjusted EBITDA margin(1)

11.8%

12.9%

(2)

14.7%

Page 10

First Quarter 2026 Earnings Release

(1) Net income margin is calculated as Net income divided by Revenues. Adjusted net income margin is calculated as Adjusted net income divided by Revenues. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Revenues.

(2) Beginning in the fourth quarter of 2025, wireline cables, previously capitalized and depreciated over 18 months, began being expensed due to a change in their estimated useful lives. Wireline cable adjustments in 2025 totaled approximately $13.8 million: $4.7 million in second quarter, $4.5 million in the third quarter, and $4.6 million in the fourth quarter. Wireline cable purchase expenses are partially offset by a decrease in depreciation of $1.9 million in the second quarter, $2.5 million in the third quarter and $1.0 million in the fourth quarter. The net 2025 operating income impact was additional expense of $8.3 million comprised of $2.8 million in the second quarter, $2.0 million in the third quarter and $3.5 million in the fourth quarter.

Appendix D

(Unaudited)

Three months ended March 31,

(In thousands)

2026

2025

Reconciliation of Operating Cash Flow to Free Cash Flow

Net cash provided by operating activities

31,173

39,865

Capital expenditures

(32,105)

(32,270)

Free cash flow

(932)

7,595

GRAPHIC

Filename: res-20260507xex99d1001.jpg · Sequence: 3

Binary file (5188 bytes)

Download res-20260507xex99d1001.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.1

Document and Entity Information

May 07, 2026

Document and Entity Information [Abstract]

Document Type

8-K

Document Period End Date

May 07, 2026

Securities Act File Number

1-8726

Entity Registrant Name

RPC, INC.

Entity Incorporation, State or Country Code

Entity Tax Identification Number

58-1550825

Entity Address, State or Province

Entity Address, Address Line One

2801 Buford Highway NE

Entity Address, Address Line Two

Suite 300

Entity Address, City or Town

Atlanta

Entity Address, Postal Zip Code

30329

City Area Code

404

Local Phone Number

321-2140

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, $0.10 par value

Trading Symbol

RES

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Entity Central Index Key

0000742278

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration