RPC Q1 revenue beats estimates, helped by technical services growth

RPC

07/05/2026 11:59

Overview

U.S. oilfield services firm's Q1 revenue rose and beat analyst expectations

Adjusted EPS for Q1 met analyst expectations; adjusted net income beat estimates

Company saw modest revenue growth despite weather impacts; Technical Services segment led gains

Outlook

Company sees increased bidding activity and some operators maintaining activity levels

RPC says industry concerns about commodity price volatility are limiting spending plan changes

Company plans to be measured in capital allocation and invest strategically

Result Drivers

TECHNICAL SERVICES GROWTH - Revenue gains were led by Technical Services, with pressure pumping, nitrogen, and downhole tools seeing double-digit percentage increases

WEATHER IMPACTS - Early quarter activity was disrupted by winter storms, affecting operations across multiple basins

COST INCREASES - Higher costs for materials, supplies, and fuel impacted cost of revenues as activity and job mix shifted

Company press release: ID:nPn1F9d0Ha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$454.76 mln
$407.23 mln (3 Analysts)
Q1 Adjusted EPS
Meet
$0.03
$0.03 (4 Analysts)
Q1 Adjusted Net Income
Beat
$7.60 mln
$5.47 mln (3 Analysts)
Q1 Net Income
$855,000


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

Wall Street's median 12-month price target for RPC Inc is $6.20, about 16% below its May 6 closing price of $7.38

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)