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EX-99.1

2 res-20260507xex99d1.htm

EX-99.1

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

​

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.

​

Int

RPC, INC._February 3, 2026 0000742278false00007422782026-02-032026-02-03 ​

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): February 3, 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 February 3, 2026, RPC, Inc. issued a press release titled “RPC, Inc. Reports Fourth Quarter And Full Year 2025 Financial Results,” announcing the financial results for the fourth quarter and full year ended December 31, 2025. ​ Item 9.01. Financial Statements and Exhibits. ​

​

99.1 ​ ​ ​ Press Release dated February 3, 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: February 3, 2026 /s/ Michael L. Schmit

Michael L. Schmit

Vice President and Chief Financial Officer

​ ​ ​ ​

-3-