RPC (NYSE:RES) Issues Earnings Results, Beats Estimates By $0.02 EPS

07 May 2026, 21:20 by Renee Jackson · The Cerbat Gem

RPC (NYSE:RES – Get Free Report) issued its quarterly earnings results on Thursday. The oil and gas company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02, Briefing.com reports. RPC had a return on equity of 5.24% and a net margin of 1.97%.The company’s revenue was up 36.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share.

Here are the key takeaways from RPC’s conference call:

Revenues rose 7% sequentially to $455 million, driven by broad-based sequential increases across most service lines with Technical Services representing 95% of sales.
ThruTubing Solutions showed strong momentum — downhole tools revenue climbed 11% sequentially while MetalMax adoption and the UnPlug technology are accelerating, signaling further upside potential as penetration expands.
Pressure pumping revenue increased 20% sequentially due to job mix, but management said it will not reactivate stacked fleets at current pricing and flagged natural gas takeaway constraints (notably in New Mexico) as a potential limit on activity.
Profitability and cash flow were under pressure — adjusted EBITDA fell to $53.5 million with margins down 110 bps, adjusted EPS was $0.03, and free cash flow was negative $1 million.
Liquidity remains solid with $201 million cash and no revolver borrowings, the dividend was maintained at $0.04 per share, and 2026 CapEx guidance was raised to $160–$180 million reflecting opportunistic asset purchases.

RPC Stock Performance

NYSE RES traded down $0.25 during trading on Thursday, reaching $7.13. The company’s stock had a trading volume of 2,240,504 shares, compared to its average volume of 2,271,298. The business’s fifty day moving average price is $6.87 and its 200-day moving average price is $6.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.70 and a current ratio of 3.24. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 47.51 and a beta of 0.69. RPC has a twelve month low of $4.18 and a twelve month high of $8.16.

RPC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be paid a $0.04 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.16 dividend on an annualized basis and a yield of 2.2%. RPC’s payout ratio is currently 106.67%.

Hedge Funds Weigh In On RPC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its holdings in shares of RPC by 12.5% in the second quarter. Sei Investments Co. now owns 63,364 shares of the oil and gas company’s stock valued at $300,000 after purchasing an additional 7,060 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in RPC by 16.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,895 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 7,808 shares during the last quarter. nVerses Capital LLC purchased a new position in RPC during the fourth quarter worth about $247,000. State of Wyoming boosted its stake in RPC by 193.5% in the 4th quarter. State of Wyoming now owns 39,503 shares of the oil and gas company’s stock worth $215,000 after buying an additional 26,045 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of RPC during the 4th quarter valued at about $195,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Susquehanna increased their price target on shares of RPC from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of RPC in a report on Tuesday, April 14th. Finally, Wall Street Zen cut shares of RPC from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $5.50.

View Our Latest Report on RPC

RPC Company Profile

(Get Free Report)

RPC, Inc (NYSE: RES) provides essential equipment and services to companies engaged in the exploration, production and maintenance of oil and natural gas wells. The firm operates as an equity interest holding company, partnering with a network of independent service businesses to deliver a comprehensive suite of offerings for well completion and production operations.