RPC Q2 net income rises to $12.1 million as revenue edges up 1% to $460.9 million
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2026.
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.