RPC Q2 2026: Revenue +9.5% on Iran conflict oil surge; net income +15% on lower tax, not ops

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 24, 2025 · ~1 min read

Key Changes

• high

  Net income rose 15% YoY to $11.7M while operating income fell 5% to $14.8M—the bottom-line gain came from $2.7M lower net below-the-line costs (primarily income tax), not from operations.

  MD&A: Results of Operations verify on EDGAR →
• high

  Oil prices surged 49% YoY in Q2 2026 due to Iran war and Strait of Hormuz blockade, a sharp reversal from Q2 2025's 21% decline; management notes activity outside the Middle East could benefit if conflicts persist.

  MD&A: Market Conditions verify on EDGAR →
• high

  Material weakness disclosure for Pintail subsidiary removed after one year of integration; controls now effective at reasonable assurance level with no exclusions.

  Risk Factors / Controls view on EDGAR →