RPC INC
Business
RPC is an oilfield services holding company providing specialized technical and support services to oil and gas operators across U.S. onshore basins and selected international markets. Technical Services include pressure pumping, wireline, downhole tools, coiled tubing, and cementing performed at the well site with RPC equipment and personnel. Support Services provide rental tools, drill pipe handling, pipe inspection, and well-control training delivered off the well site. The company operates through two reportable segments—Technical Services and Support Services—serving major and independent E&P companies primarily in the Permian, mid-continent, and other domestic regions.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 1,627 | 1,415 | 1,617 | 1,602 | 865 | |
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | 1,233 | 1,037 | 1,090 | 1,088 | 663 | |
| Selling, general and administrative expenses | 176 | 156 | 166 | 149 | 124 | |
| Acquisition related employment costs | 20 | — | — | — | — | |
| Pension settlement charges | — | — | 18 | 3 | — | |
| Depreciation and amortization | 161 | 133 | 108 | 83 | 73 | |
| Gain on disposition of assets, net | −8 | −8 | −9 | −9 | −11 | |
| Operating income | 45 | 98 | 245 | 288 | 16 | |
| Interest expense | −3 | −724,000 | −341,000 | −614,000 | — | |
| Interest income | 8 | 13 | 9 | 1 | 59,000 | |
| Other income, net | 6 | 3 | 3 | 1 | 2 | |
| Income before income taxes | 57 | 113 | 256 | 290 | 16 | |
| Income tax provision | 24 | 21 | 61 | 71 | 9 | |
| Net income | 32 | 91 | 195 | 218 | 7 | |
| Basic (in dollars per share) | 0.15 | 0.43 | 0.9 | 1.01 | 0.03 | |
| Diluted (in dollars per share) | 0.15 | 0.43 | 0.9 | 1.01 | 0.03 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 210 | 326 | 223 | 126 | 82 | |
| Accounts receivable, net | 328 | 277 | 325 | 417 | 259 | |
| Inventories | 119 | 108 | 111 | 97 | 79 | |
| Income taxes receivable | 6 | 4 | 52 | 42 | 59 | |
| Prepaid expenses | 18 | 16 | 13 | 18 | 10 | |
| Other current assets | 23 | 2 | 3 | 3 | 4 | |
| Total current assets | 704 | 733 | 727 | 703 | 492 | |
| Property, plant and equipment, net | 532 | 514 | 435 | 333 | 254 | |
| Operating lease right-of-use assets | 24 | 27 | 25 | 29 | 25 | |
| Finance lease right-of-use assets | 2 | 4 | 1 | — | 20 | |
| Goodwill | 83 | 51 | 51 | 32 | 32 | |
| Other intangibles, net | 97 | 14 | 13 | 1 | — | |
| Retirement plan assets | — | 31 | 27 | — | — | |
| Other assets | 25 | 13 | 9 | 30 | 41 | |
| Total assets | 1,468 | 1,386 | 1,287 | 1,129 | 864 | |
| Accounts payable | 120 | 84 | 85 | 115 | 74 | |
| Accrued payroll and related expenses | 39 | 25 | 31 | 33 | 15 | |
| Accrued insurance expenses | 7 | 8 | 5 | 3 | 10 | |
| Accrued state, local and other taxes | 4 | 3 | 4 | 4 | 2 | |
| Income taxes payable | 787,000 | 446,000 | 275,000 | 499,000 | 656,000 | |
| Unearned revenue | 13 | 45 | 16 | 0 | — | |
| Current portion of operating lease liabilities | 8 | 7 | 7 | 11 | 6 | |
| Current portion of finance lease liabilities and finance obligations | 977,000 | 4 | 375,000 | — | — | |
| Current portion of notes payable | 20 | — | — | — | — | |
| Accrued expenses and other liabilities | 5 | 5 | 2 | 2 | 2 | |
| Total current liabilities | 217 | 182 | 152 | 179 | 131 | |
| Accrued insurance expenses | 16 | 12 | 10 | 7 | 12 | |
| Retirement plan liabilities | — | 25 | 24 | 23 | 35 | |
| Notes payable | 30 | — | — | — | — | |
| Operating lease liabilities | 18 | 22 | 19 | 20 | 20 | |
| Finance lease liabilities | 1 | 559,000 | 819,000 | — | — | |
| Other long-term liabilities | 11 | 9 | 8 | 5 | 7 | |
| Deferred income taxes | 77 | 58 | 51 | 37 | 18 | |
| Total liabilities | 369 | 308 | 264 | 271 | 223 | |
| Commitments and contingencies (Note 15) | — | — | — | — | — | |
| Preferred stock, $0.10 par value, 1,000,000 shares authorized, none issued | — | — | — | — | — | |
| Common stock, $0.10 par value, 349,000,000 shares authorized, 220,571,673 and 214,942,136 shares issued and outstanding in 2025 and 2024, respectively | 22 | 21 | 22 | 22 | 22 | |
| Capital in excess of par value | 0 | 0 | 0 | 0 | 0 | |
| Retained earnings | 1,080 | 1,060 | 1,003 | 856 | 641 | |
| Accumulated other comprehensive loss | −3 | −3 | −2 | −20 | −21 | |
| Total stockholders' equity | 1,099 | 1,078 | 1,023 | 858 | 642 | |
| Total liabilities and stockholders' equity | 1,468 | 1,386 | 1,287 | 1,129 | 864 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 32 | 91 | 195 | 218 | 7 | |
| Depreciation and amortization | 161 | 133 | 108 | 83 | — | |
| Stock-based compensation expense | 12 | 9 | 8 | 6 | 7 | |
| Gain on disposition of assets, net | −8 | −8 | −9 | −9 | −11 | |
| Gain due to benefit plan financing arrangement | — | −1 | — | — | — | |
| Deferred income tax provision | 19 | 7 | 9 | 19 | 5 | |
| Pension settlement charges | — | — | 18 | 3 | — | |
| Other non-cash adjustments | 556,000 | 709,000 | 126,000 | 647,000 | −180,000 | |
| Accounts receivable | 15 | 48 | 105 | −158 | −91 | |
| Income taxes receivable | −2 | 48 | −10 | 16 | 24 | |
| Inventories | −4 | 3 | −12 | −18 | 4 | |
| Prepaid expenses | −2 | −2 | 5 | −8 | −650,000 | |
| Other current assets | −1 | −1,000 | 311,000 | 406,000 | 90,000 | |
| Retirement plan assets | −2 | −3 | −3 | — | — | |
| Other non-current assets | −2 | 562,000 | 1 | 9 | −1 | |
| Accounts payable | −21 | 278,000 | −35 | 36 | 33 | |
| Income taxes payable | 341,000 | 171,000 | −224,000 | −157,000 | −459,000 | |
| Unearned revenue | −32 | 30 | 16 | — | — | |
| Accrued payroll and related expenses | 10 | −6 | −2 | 18 | −3 | |
| Pension liabilities | — | — | −5 | — | — | |
| Accrued insurance expenses | −748,000 | 3 | 2 | −7 | 5 | |
| Accrued state, local and other taxes | −477,000 | −1 | 165,000 | 2 | −883,000 | |
| Other accrued expenses | 9,000 | −6 | −6 | −4 | −4 | |
| Retirement plan liabilities | −65,000 | 815,000 | 618,000 | −5 | −1 | |
| Long-term accrued insurance expenses | 3 | 2 | 3 | −5 | −52,000 | |
| Other long-term liabilities | 3 | 653,000 | 6 | 2 | 4 | |
| Net cash provided by operating activities | 201 | 349 | 395 | 201 | 48 | |
| Capital expenditures | −148 | −220 | −181 | −140 | −68 | |
| Proceeds from sale of assets | 20 | 18 | 18 | 16 | 20 | |
| Purchase of business, net of cash and debt assumed | −153 | — | −79 | — | — | |
| Proceeds from benefit plan financing arrangement | 33 | 2 | — | — | — | |
| Distribution from benefit plan financing arrangement | −24 | −2 | — | — | — | |
| Net cash used for investing activities | −274 | −202 | −242 | −124 | −48 | |
| Payment of dividends | −35 | −34 | −35 | −9 | — | |
| Repayment of debt assumed at acquisition | −5 | — | — | — | — | |
| Cash paid for common stock purchased and retired | −3 | −10 | −21 | −918,000 | −567,000 | |
| Cash paid for finance lease | −1 | −799,000 | −515,000 | −24 | −2 | |
| Net cash used for financing activities | −44 | −45 | −56 | −34 | −2 | |
| Net (decrease) increase in cash and cash equivalents | −116 | 103 | 97 | 44 | −2 | |
| Interest paid | 3 | 170,000 | 166,000 | 170,000 | 166,000 | |
| Capital expenditures included in accounts payable | 7 | 8 | 9 | 9 | 4 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is RPC INC's CIK number?
RPC INC's SEC CIK number is 0000742278 (742278). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find RPC INC's SEC filings?
All of RPC INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did RPC INC last report earnings?
RPC INC (RES) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-056633). This is RPC INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is RPC INC's most recent earnings 8-K?
RPC INC's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001104659-26-056633. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View RPC INC's latest earnings 8-K →
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