RPC Q1 revenues jump 36.6% on Pintail acquisition, but net income plunges 92.5% on costs

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 24, 2025 · ~1 min read

Key Changes

• high

  Net income fell 92.5% to $0.9M ($0.00 EPS) despite 36.6% revenue growth, driven by $7.3M in non-deductible acquisition-related employment costs that pushed the effective tax rate to 80.1% from 27.2% prior year.

  MD&A: Net Income verify on EDGAR →
• high

  Pintail acquisition closed April 1, 2025 for $245M ($170M cash, $25M stock, $50M seller note). Pintail contributed $97.8M in Q1 revenues (21% of consolidated total) and represents 17% of total assets.

  MD&A: Pintail Acquisition verify on EDGAR →
• high

  Free cash flow turned negative to ($0.9M) from $7.6M prior year, driven by $47.1M increase in accounts receivable from higher activity and lower net income, despite flat capex at ~$32M.

  MD&A: Free Cash Flow verify on EDGAR →