RPC Q1 Earnings Call Highlights

RPC (NYSE:RES) reported higher first-quarter 2026 gross arsenic enactment improved crossed astir work lines contempt wintertime storms aboriginal successful the period, portion profitability was pressured by occupation mix, substance costs and moving superior needs.

President and CEO Ben M. Palmer said request strengthened arsenic the 4th progressed, with sequential gross maturation crossed the bulk of RPC’s work lines. The institution besides described caller geopolitical developments and higher commodity prices arsenic “incrementally positive,” though absorption said lawsuit responses person truthful acold been modest.

Revenue Rises, Adjusted EBITDA Slips

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Chief Financial Officer Michael L. Schmit said first-quarter gross accrued 7% sequentially to $455 cardinal compared with the 4th fourth of 2025. Technical Services, which represented 95% of full revenue, roseate 7%, portion Support Services, accounting for the remaining 5%, was flat.

RPC’s largest work lines accounted for 94% of full gross during the quarter. Schmit provided the pursuing gross mix:

• Pressure pumping: 31%

• Downhole tools: 23.3%

• Wireline: 22.7%

• Coiled tubing: 8.5%

• Cementing: 5.8%

• Rental tools: 3%

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Cost of revenues, excluding depreciation and amortization, accrued to $356 cardinal from $330 cardinal successful the anterior quarter. Schmit said the summation was chiefly tied to occupation mix, arsenic RPC provided higher levels of materials, supplies and substance for customers. Selling, wide and administrative expenses were $48 million, up somewhat from the erstwhile quarter, but declined arsenic a percent of gross to 10.6%.