AI-extracted from the 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue of $460.9M rose 9.5% YoY; Technical Services segment drove growth but operating income declined to $14.8M amid pricing pressure and over-supply conditions.
Biggest Revenue Drivers
Technical Services$438.1M+10.4% YoY
Increased activities in pressure pumping, downhole tools and coiled tubing, partially offset by wireline decline.
Support Services$22.8M-5.4% YoY
Decline primarily due to job mix.
Biggest Revenue Drivers
Total revenue: $460.9M+9.5% YoY
Technical Services$438.1M+10.4% YoY
Increased activities in pressure pumping, downhole tools and coiled tubing, partially offset by wireline decline.
Support Services$22.8M-5.4% YoY
Decline primarily due to job mix.
Largest Expense Items
Cost of revenues (excl. D&A)$345.7M+8.8% YoY
Increase consistent with higher activity levels.
Depreciation and amortization$43.0M+1.5% YoY
Increase due to capital expenditures in past year.
Acquisition related employment costs$7.3M+11.3% YoY
Non-cash adjustments for Pintail acquisition contingent employment costs, amortized over three years.
Margins: Operating margin contracted to 3.2% from 3.7% YoY despite revenue growth, pressured by SG&A deleveraging and acquisition-related costs. Adjusted EBITDA margin of 14.3% was flat to down 20 bps YoY; management cites oilfield services market over-supply and efficiency gains limiting pricing power.
Watch Items from the Filing
Oilfield services market remains over-supplied with efficiency gains contributing to excess capacity, limiting pricing power and asset utilization despite higher activity.
Wireline revenue declined despite overall segment growth; wireline service line dropped from $103.9M (Q2 2025) to $88.6M (Q2 2026), signaling service line concentration risk.
Free cash flow declined to $4.7M in Q2 from $10.0M YoY due to $51M accounts receivable cash use linked to higher activity; working capital swing of -$42.6M for H1 2026.
Seller Note on Pintail acquisition: $20M principal payment made in Q2 2026; remaining obligation matures April 1, 2028, with variable SOFR+2% interest; employment contingencies apply.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About RPC INC (RES): stock profile, AI score and financials
RPC INC (RES) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores RES at 49.4/100 on a composite quality score built from its SEC filings, placing it at rank #1,682 of 2,925 stocks — the bottom half of the AI-ranked universe. RES scores in the top quartile across earnings quality (89.2). Areas of concern include institutional flow (17.5) and profitability (31.6), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), RPC INC reports quarterly revenue of $460.9M, net income of $12.1M, an operating margin of 3.2%. Top institutional holders of RES by reported 13-F value include BlackRock, DIMENSIONAL FUND ADVISORS, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. RES trades on the NYSE exchange and files with the SEC under CIK 742278. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RES daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for RPC INC directly from SEC EDGAR.