Revenue: As of FY2026 Q1, the actual value is USD 454.76 M, beating the estimate of USD 406.68 M.EPS: As of FY2026 Q1, the actual value is USD 0.EBIT: As of FY2026 Q1, the actual value is USD 1.68 M.<h4>Consolidated Performance</h4><ul><li>Operating Income: Operating income decreased to $2,620 thousand in 2026 from $12,386 thousand in 2025.</li><li>Net Income: Net income was $855 thousand in 2026, a significant decrease from $12,030 thousand in 2025.</li><li>Net Income Margin: The net income margin declined to 0.2% in 2026 from 3.6% in 2025.</li><li>Cost of Revenues: Cost of revenues (exclusive of depreciation and amortization) increased by 45.8% to $355,585 thousand in 2026 from $243,895 thousand in 2025, primarily due to costs from the Pintail acquisition and higher activity levels.</li><li>Selling, General and Administrative Expenses: These expenses rose to $48,207 thousand in 2026 from $42,499 thousand in 2025, driven by variable expenses from increased activity and Pintail acquisition-related costs.</li><li>Acquisition Related Employment Costs: These costs were $7,292 thousand in 2026, with no comparable costs in 2025, representing non-cash accounting adjustments for the Pintail acquisition.</li><li>Depreciation and Amortization: Depreciation and amortization increased by 20.3% to $42,854 thousand in 2026 from $35,623 thousand in 2025, due to additional fixed assets and intangibles from the Pintail acquisition and capital expenditures.</li><li>Interest Expense: Interest expense increased significantly to $830 thousand in 2026 from $131 thousand in 2025, mainly due to interest on the Seller Note from the Pintail acquisition.</li><li>Interest Income: Interest income decreased to $1,770 thousand in 2026 from $3,395 thousand in 2025, attributed to a lower average cash balance following the Pintail acquisition.</li><li>Income Tax Provision: The income tax provision was $3,454 thousand in 2026 compared to $4,505 thousand in 2025, with the effective tax rate increasing to 80.1% in 2026 from 27.2% in 2025 due to non-deductible acquisition-related employment costs impacting lower pretax income disproportionately.</li></ul><h4>Technical Services Segment</h4><ul><li>Revenues: Technical Services revenues increased by 39.3% to $434,282 thousand in 2026 from $311,844 thousand in 2025.</li><li>Operating Income: The segment’s operating income rose to $15,978 thousand in 2026 from $14,003 thousand in 2025.</li><li>Major Service Line Revenues (2026 vs. 2025):<ul><li>Pressure Pumping: $140,792 thousand vs $133,617 thousand</li><li>Downhole Tools: $105,910 thousand vs $93,865 thousand</li><li>Wireline: $103,213 thousand vs $3,918 thousand</li><li>Coiled Tubing: $38,479 thousand vs $31,930 thousand</li><li>Cementing: $26,154 thousand vs $27,662 thousand</li><li>Nitrogen: $7,404 thousand vs $7,912 thousand</li><li>Snubbing: $7,882 thousand vs $7,336 thousand</li><li>All other Technical Services: $4,448 thousand vs $5,604 thousand</li></ul></li></ul><h4>Support Services Segment</h4><ul><li>Revenues: Support Services revenues decreased by 2.7% to $20,473 thousand in 2026 from $21,033 thousand in 2025.</li><li>Operating Income: The segment’s operating income decreased significantly to $401 thousand in 2026 from $2,661 thousand in 2025.</li><li>Major Service Line Revenues (2026 vs. 2025):<ul><li>Rental Tools: $13,808 thousand vs $15,402 thousand</li><li>All other Support Services: $6,665 thousand vs $5,631 thousand</li></ul></li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: Operating cash flow decreased to $31,173 thousand in 2026 from $39,865 thousand in 2025.</li><li>Net Cash Used for Investing Activities: Investing cash flow remained stable at - $27,840 thousand in 2026 compared to - $27,443 thousand in 2025.</li><li>Net Cash Used for Financing Activities: Financing cash flow increased to - $12,577 thousand in 2026 from - $11,673 thousand in 2025.</li><li>Free Cash Flow: Free cash flow was - $932 thousand in 2026, a decrease from $7,595 thousand in 2025.</li></ul><h4>Unique Metrics (Non-GAAP)</h4><ul><li>Adjusted EBITDA: Adjusted EBITDA increased to $53,515 thousand in 2026 from $48,894 thousand in 2025.</li><li>Adjusted EBITDA Margin: The Adjusted EBITDA margin decreased to 11.8% in 2026 from 14.7% in 2025.</li></ul><h4>Outlook and Strategy</h4>RPC, Inc. expects capital expenditures for 2026 to be between $160 million and $180 million, focusing on capitalized maintenance, growth opportunities, and system upgrades. The company anticipates long-term higher demand for oil and natural gas, driving increased activity despite current oil price fluctuations and competition. These obligations are primarily planned to be funded through operating cash flows and existing cash, with a revolving credit facility available for additional flexibility.

RPC | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 454.76 M