RPC reports Q1 2026 revenues up 7% to $454.8M, returns to profitability with $0.9M net income

Filed May 7, 2026 · Period ending May 7, 2026 · ~1 min read

Key Changes

• high

  Q1 revenues rose 7% sequentially to $454.8M despite early-quarter weather disruptions; net income turned positive at $0.9M vs. $3.1M loss in Q4 2025, though adjusted EBITDA declined to $53.5M (11.8% margin) from $55.1M prior quarter.

  Exhibit 99.1 view on EDGAR →
• high

  Technical Services segment grew 7% to $434.3M with pressure pumping up 20%, nitrogen services up 13%, and downhole tools up 11% on new technology adoption; segment operating income jumped 89% to $16.0M.

  Exhibit 99.1 view on EDGAR →
• medium

  Geopolitical events drove oil prices 18% higher to $70.54/barrel average, generating increased bidding activity, but price volatility concerns are limiting operator spending increases; management taking measured approach focused on capital returns.

  Exhibit 99.1 view on EDGAR →