NYSEEnergyOil & Gas Equipment & ServicesS&P SmallCap 600
$5.31
-0.28 (-5.01%)
Close of Nov 06, 2026 · end-of-day data
RES 8-K filings, explained
Every material Form 8-K RPC has filed with the SEC since January 30, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
RPC reported third-quarter 2026 revenue of $467.7 million, up 1% from the prior quarter, but a net loss of $41.9 million, or $0.20 per share, after non-cash impairment charges of $74.5 million tied to its Pintail wireline business. Excluding those charges and certain other items, adjusted diluted EPS rose to $0.10 from $0.08, and the board declared a regular quarterly dividend of $0.04 per share.
Revenue rose to $467.7 million from $460.9 million in the prior quarter; net loss of $41.9 million compared with net income of $12.1 million in 2Q:26
Impairment charges of $74.5 million related to Pintail, of which $58.3 million was for other intangible assets
Adjusted diluted EPS was $0.10 versus $0.08 in 2Q:26; Adjusted EBITDA was $71.5 million, an 8% increase
Quarterly dividend of $0.04 per share is payable December 10, 2026, to holders of record on November 10, 2026; year-to-date free cash flow was $5.0 million
RPC's compensation committee approved higher base salaries for CEO Ben M. Palmer and CFO Michael L. Schmit, retroactive to May 16, 2026. Schmit's 2026 target bonus opportunity also rose to 85% of his base salary, and the company says no other material terms changed.
Palmer's base salary rose from about $637,000 to $750,000
Schmit's base salary rose from about $361,000 to $530,000
Schmit's 2026 target annual cash bonus is now 85% of base salary
Changes approved September 3, 2026, effective retroactively to May 16, 2026
RPC, Inc. reported second quarter 2026 results, with revenue up 1% sequentially to $460.9 million and net income of $12.1 million, compared with $0.9 million in the first quarter. Diluted EPS was $0.05 versus $0.00 a quarter earlier, and adjusted diluted EPS was $0.08 versus $0.03. The board also declared a $0.04 per share quarterly dividend, and CEO Ben M. Palmer said he plans to retire.
Revenue $460.9 million, up 1% sequentially; Support Services revenue up 11%, led by a 21% increase in Rental Tools
Net income $12.1 million versus $0.9 million in Q1 2026; adjusted EBITDA $66.0 million versus $53.5 million
Quarterly dividend of $0.04 per share payable September 10, 2026, to holders of record August 10, 2026
CEO Ben M. Palmer, who has spent 30 years with RPC, said he believes now is the right time to retire
RPC, Inc. entered into an Amended and Restated Credit Agreement dated June 30, 2026, with Bank of America, N.A. as administrative agent, covering a revolving line of credit of up to $100 million. The amendment extends the termination date for revolving loans from June 22, 2027 to June 30, 2031 and removes the SOFR Adjustment from pricing, which gives the company a longer borrowing window on the stated terms.
Revolving line of credit of up to $100 million, including a $35 million letter of credit sub-facility and a $35 million swingline sub-facility
Termination date for revolving loans extended from June 22, 2027 to June 30, 2031
SOFR Adjustment (10 to 25 basis points under the prior terms) removed from pricing
Agreement dated June 30, 2026; 8-K filed July 7, 2026, signed by CFO Michael L. Schmit
RPC, Inc. (NYSE: RES) said CEO and director Ben M. Palmer will retire, with his exit taking effect on the earlier of a successor being named or December 31, 2026. He will then serve in an advisory role to support the leadership transition, and the board has begun a search for a new CEO that it expects to conclude before the end of 2026.
Ben M. Palmer notified the company of his retirement on June 16, 2026, and will step down as Director, President and CEO.
Effective date is the earlier of a successor being named or December 31, 2026; advisory terms have not been determined.
The board will engage an independent executive search firm; the company said the search is expected to conclude before the end of 2026.
Palmer has served as President and CEO since 2022 and was CFO and Treasurer from 1996 for more than two decades.
RPC, Inc. reported first-quarter 2026 revenue of $454.8 million, up 7% from the fourth quarter of 2025, and GAAP net income of $0.9 million, compared with a net loss of $3.1 million in the prior quarter. Adjusted diluted EPS fell to $0.03 from $0.04 and adjusted EBITDA declined to $53.5 million from $55.1 million, so the improvement is concentrated in revenue and GAAP results.
Revenue was $454.8 million, up 7% sequentially and up from $332.9 million in Q1 2025.
GAAP net income was $0.9 million, or $0.00 per diluted share, versus a net loss of $3.1 million in Q4 2025 and net income of $12.0 million in Q1 2025.
Adjusted diluted EPS was $0.03, down from $0.04 in Q4 2025; adjusted EBITDA was $53.5 million versus $55.1 million.
The Board's regular quarterly dividend of $0.04 per share is payable June 10, 2026, to holders of record on May 11, 2026.
At its April 28, 2026 annual meeting, RPC's stockholders re-elected all ten board nominees, ratified Grant Thornton LLP as auditor for 2026, and approved previous CEO and Executive Chairman performance stock unit grants and amendments to the 2024 Stock Incentive Plan. Separately, director Gary Kolstad was appointed to the Audit Committee and to the Human Capital Management and Compensation Committee, where he will chair.
Ten director nominees were elected, including Gary Kolstad, who will chair the Human Capital Management and Compensation Committee.
Grant Thornton LLP ratification: 202,026,703 for and 7,139,463 against.
Non-binding executive compensation vote: 190,731,370 for and 7,647,225 against.
Plan amendments to the 2024 Stock Incentive Plan drew 142,609,503 for and 54,634,966 against, the largest opposition among the amendment and grant votes shown.
RPC reported fourth-quarter 2025 revenue of $425.8 million, down 5% from the prior quarter, and a net loss of $3.1 million, or $0.02 per share, compared with net income of $13.0 million in the third quarter. For full-year 2025, revenue rose 15% to $1.6 billion, mainly due to the Pintail Completions acquisition, but net income fell 65% to $32.1 million, which reduces earnings for shareholders.
Q4 2025 revenue was $425.8 million, down 5% sequentially; net loss was $3.1 million, or $0.02 per share, versus net income of $13.0 million in Q3 2025.
Adjusted EBITDA was $55.1 million, down from $67.8 million in Q3 2025; adjusted diluted EPS was $0.04 versus $0.08.
Full-year 2025 revenue increased 15% to $1.6 billion, mainly from the Pintail Completions acquisition that closed April 1, 2025, while net income fell 65% to $32.1 million.
Cash and cash equivalents were $210.0 million at year-end with no borrowings under the $100 million revolving credit facility; a $0.04 quarterly dividend is payable March 10, 2026.
RPC, Inc. said director Jerry W. Nix informed its board on January 27, 2026 that he will not stand for reelection at the 2026 Annual Meeting of Stockholders. The filing states the decision was not due to any disagreement with the company on its operations, policies or practices, and he will keep his director seat and committee roles until that meeting. Separately, the board declared a regular quarterly cash dividend of $0.04 per share.
Jerry W. Nix informed the board on January 27, 2026 that he will not stand for reelection at the 2026 Annual Meeting of Stockholders.
Nix remains Lead Independent Director and chairs the Human Capital Management and Compensation and Nominating and Corporate Governance committees until that meeting.
The filing says the decision was not due to any disagreement with the company.
The $0.04 per share dividend is payable March 10, 2026 to holders of record at the close of business on February 10, 2026.
RPC reported third quarter 2025 revenue of $447.1 million, up 6% from the second quarter, and net income of $13.0 million, up 28% sequentially. The company also declared a regular quarterly dividend of $0.04 per share, but management said the oilfield services market is likely to face additional headwinds in the fourth quarter.
Revenue was $447.1 million, up 6% sequentially; pressure pumping rose 14%
Net income was $13.0 million, or $0.06 per diluted share, versus $10.1 million, or $0.05, in the second quarter; adjusted diluted EPS was $0.09
Acquisition related employment costs were $6.5 million in the quarter; the remaining $65.1 million is expected to be recognized over the next 10 quarters
Quarterly dividend of $0.04 per share is payable December 10, 2025, to holders of record on November 10, 2025
RPC reported second quarter 2025 results, with revenue up 26% from the first quarter to $420.8 million, mainly due to the April 1, 2025 Pintail Completions acquisition. Excluding Pintail's $98.9 million in revenue, adjusted revenue fell 3%, and GAAP net income declined 16% sequentially to $10.1 million, or $0.05 per diluted share. The company also declared a regular quarterly dividend of $0.04 per share.
Revenue was $420.8 million, up 26% sequentially, including $98.9 million from Pintail; adjusted revenue decreased 3%.
GAAP net income was $10.1 million ($0.05 diluted EPS), versus $12.0 million ($0.06) in the first quarter; adjusted net income was $17.5 million ($0.08).
Acquisition related employment costs of $6.6 million were recorded in the quarter, with $78.6 million expected to be recognized over 12 quarters.
Board declared a $0.04 per share dividend payable September 10, 2025, to holders of record on August 11, 2025.
RPC, Inc. appointed Gary Kolstad as an independent director effective July 14, 2025. He has not been named to any board committees, and the filing reports no related-party transactions or selection arrangements.
Gary Kolstad appointed independent director effective July 14, 2025
Compensated on the same basis as other non-employee directors
No committee appointments at this time
Former Chairman and CEO of public and private companies; long career in oilfield services
RPC reported first-quarter 2025 revenue of $332.9 million, down 1% from the prior quarter, and net income of $12.0 million, or $0.06 per diluted share, down 6% in net income from the prior quarter. The company also closed its $245 million acquisition of Pintail Completions on April 1, 2025, and declared a regular quarterly dividend of $0.04 per share, which shareholders should weigh against the softer quarterly earnings and the cash used for the deal.
Revenue was $332.9 million, down 1% sequentially and down from $377.8 million in the first quarter of 2024.
Net income was $12.0 million and diluted EPS was $0.06, versus $0.13 in the first quarter of 2024.
EBITDA was $48.9 million, up 6% sequentially, with an EBITDA margin of 14.7%.
Pintail Completions closed April 1, 2025 for $245 million, including a $170 million cash payment; the Board declared a $0.04 dividend payable June 10, 2025 to holders of record on May 9, 2025.
RPC, Inc. completed its purchase of Pintail Alternative Energy, a Permian Basin wireline services provider, on April 1, 2025, for a purchase price of $245 million. The cash portion came from RPC's cash on hand, and the rest was paid in restricted RPC stock and a $50 million seller note, which adds a future debt obligation for shareholders to track.
Purchase price of $245 million: about $170 million cash, $25 million in restricted RPC stock (4,545,454 shares), and a $50 million secured seller note
Seller note repayments: $20 million on the first anniversary, $10 million on the second, and the remaining principal on the third; interest is SOFR plus 2.0%
Pintail's full-year 2024 revenue was approximately $409 million, according to RPC's press release
Approximately $2 million of the cash payment is in escrow, pending final closing adjustments
RPC Inc. said on February 18, 2025 that directors Gary W. Rollins and Pamela R. Rollins will not stand for re-election and will retire from the Board at the 2025 Annual Meeting of Stockholders. Both will keep serving as directors until that meeting, and the filing states there was no disagreement with the company over its operations, policies or practices.
Gary W. Rollins and Pamela R. Rollins informed the Board on February 18, 2025 of their retirement decision.
Their resignations take effect at the 2025 Annual Meeting of Stockholders.
The filing states there was no disagreement with the company on any matter relating to its operations, policies or practices.
RPC's board adopted amended and restated bylaws effective January 28, 2025, which move the company to annual director elections starting at the 2025 Annual Meeting. Six directors resigned their current terms so they can be nominated for one-year terms, and the bylaws also add stockholder nomination and disclosure requirements that shareholders proposing directors or business will need to meet.
Board approved and adopted amended and restated bylaws on January 28, 2025, effective the same day
Six directors (Gary W. Rollins, Richard A. Hubbell, John F. Wilson, Jerry W. Nix, Patrick J. Gunning, Ben M. Palmer) tendered resignations effective immediately before the 2025 Annual Meeting election
After the 2025 Annual Meeting, directors can be removed with or without cause by holders of a majority of shares entitled to vote in director elections
Bylaws add stockholder nomination requirements, including Rule 14a-19 compliance and a rule that proxy cards used for soliciting be a color other than white
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every RPC filing is on SEC EDGAR ↗. 8-K briefs of other companies →