<span item_type="fundamental" item_id="23bf4604ac9e0f40d99338dfabb492d4" counter_id="ST/US/RES" env="prod"></span><span item_type="announcement" item_id="645696069594061185" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 454.76 M, beating the estimate of USD 406.68 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 1.68 M.</p><p></p><h3>Financial Highlights for Q1 2026</h3><h4>Overall Performance</h4><p>RPC, Inc. reported revenues of $454.8 million, an increase of 7% sequentially. Net income was $0.9 million, compared to a net loss of - $3.1 million in the prior quarter. Net income margin increased 90 basis points sequentially to 0.2%. Adjusted net income was $7.6 million, compared to $9.4 million in the prior quarter. Adjusted net income margin was 1.7%, down from 2.2% in 4Q:25. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was $53.5 million, compared to $55.1 million in the prior quarter. Adjusted EBITDA margin decreased 110 basis points sequentially to 11.8%. Operating income was $2.62 million, up from - $3.99 million in the prior quarter. Income before income taxes was $4.309 million, compared to $0.148 million in the prior quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/742278/000110465926056633/res-20260507xex99d1.htm"></span></p><h4>Operational Costs and Expenses</h4><p>Cost of revenues, excluding depreciation and amortization, was $355.6 million, up from $336.6 million sequentially. Selling, general and administrative expenses were $48.2 million, slightly up from $47.7 million. Acquisition related employment costs were approximately $7.3 million during 1Q:26 and 4Q:25. Depreciation and amortization was $42.9 million during 1Q:26, compared to $39.1 million in 4Q:25. Interest income totaled $1.8 million, approximating the prior quarter. Interest expense totaled $830 thousand, approximating the prior quarter. Income tax provision was $3.5 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/742278/000110465926056633/res-20260507xex99d1.htm"></span></p><h4>Balance Sheet and Cash Flow</h4><p>Cash and cash equivalents decreased slightly to $200.7 million at the end of the first quarter compared to the end of 2025. There were no outstanding borrowings under the Company’s $100 million revolving credit facility. Net cash provided by operating activities was $31.2 million year-to-date through 1Q:26. Free cash flow was - $0.9 million year-to-date through 1Q:26. Working capital was a significant use of cash during the quarter primarily due to higher accounts receivable. Capital expenditures were - $32.105 million year-to-date. Proceeds from sale of assets were $4.265 million year-to-date.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/742278/000110465926056633/res-20260507xex99d1.htm"></span></p><h4>Capital Allocation</h4><p>Payment of dividends totaled $8.9 million year-to-date. The Board of Directors declared a regular quarterly cash dividend of $0.04 per share, payable on June 10, 2026. Share repurchases totaled $3.5 million year-to-date, related to tax withholding for restricted stock vesting.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/742278/000110465926056633/res-20260507xex99d1.htm"></span></p><h4>Segment Operations (sequential comparisons)</h4><ul><li><strong>Technical Services:</strong> Revenues were $434.3 million, up 7%. Operating income was $16.0 million, an increase of $7.5 million or 89%. Cudd Energy Services’ pressure pumping saw a 20% increase, Cudd Pressure Control’s nitrogen service line increased 13%, and Thru Tubing Solutions’ downhole tools increased 11%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/742278/000110465926056633/res-20260507xex99d1.htm"></span></li><li><strong>Support Services:</strong> Revenues were $20.5 million, essentially flat. Operating income was $0.4 million, a decrease of $1.3 million or 76%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/742278/000110465926056633/res-20260507xex99d1.htm"></span></li></ul><h4>Outlook</h4><p>RPC, Inc. observes signs of optimism, including increased bidding activity and operators maintaining activity. However, concerns regarding the duration of higher commodity prices and price volatility are currently limiting significant reevaluation of spending plans. The company plans a measured approach, focusing on returns on capital and strategic investments where prudent.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/742278/000110465926056633/res-20260507xex99d1.htm"></span></p>

RPC | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 454.76 M