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RES

RPC INC
7 filings tracked
energyoil gas servicesSMALL ($300M-2B)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

RPC, Inc. has demonstrated a significant shift in its growth trajectory, reporting a 36.6% revenue increase to $454.8 million for the first quarter of 2026.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

Despite the headline revenue growth, RPC's profitability metrics show signs of severe strain. Operating income plummeted from $12.4 million to $2.6 million year-over-year, as the cost of revenues surged by 45.8%, significantly outpacing the revenue gain.…

Risk Factors

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Synthesis (Verdict & Resolution)

The Q1 2026 filing presents a company in the midst of a high-stakes transition. The successful integration of Pintail has fundamentally scaled the business, transforming RPC into a larger entity with diversified service offerings. However, this scale has come at the expense of immediate profitability and cash flow efficiency. The divergence between Adjusted EBITDA and GAAP net income highlights the significant impact of one-time acquisition costs and tax penalties. Ultimately, the investment thesis hinges on whether the 'Pintail Effect' can transition from a revenue driver to a margin driver. If management can stabilize the cost structure and improve working capital management, the scaled revenue base provides a powerful platform for earnings expansion. Conversely, if the margin compression persists and free cash flow remains negative, the current valuation may be overly optimistic regarding the quality of the company's growth.

Selected Quarter

Core Takeaway

RPC has successfully scaled its top line and Technical Services segment, but is struggling to convert that growth into bottom-line profits due to integration costs and working capital inefficiencies.

Investor Lens

Investors must weigh the benefit of a larger revenue base against the risk of sustained margin compression and cash burn.

Watch Next

The May 11, 2026, principal payment of $20 million on the Seller Note.

View Full SEC Report

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)-0.27Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bearishMay 8

Net income collapsed from $12 million to $0.9 million despite massive revenue growth.

earnings miss
90%
bearishMay 8

Adjusted EBITDA margin declined from 14.7% to 11.8%.

margin compression
70%
bullishMay 8

Acquisition of Pintail drove a 36.6% increase in total revenues.

acquisition
80%
bearishMay 8

Net income collapsed from $12 million to $0.9 million despite massive revenue growth.

earnings miss
90%
bearishMay 8

Adjusted EBITDA margin declined from 14.7% to 11.8%.

margin compression
70%
bullishMay 8

Acquisition of Pintail drove a 36.6% increase in total revenues.

acquisition
80%
bearishMay 8

Net income collapsed from $12 million to $0.9 million despite massive revenue growth.

earnings miss
90%
bearishMay 8

Adjusted EBITDA margin declined from 14.7% to 11.8%.

margin compression
70%
bullishMay 8

Acquisition of Pintail drove a 36.6% increase in total revenues.

acquisition
80%
bearishMay 8

Net income collapsed from $12 million to $0.9 million despite massive revenue growth.

earnings miss
90%
bearishMay 8

Adjusted EBITDA margin declined from 14.7% to 11.8%.

margin compression
70%
bullishMay 8

Acquisition of Pintail drove a 36.6% increase in total revenues.

acquisition
80%
bearishMay 8

Net income collapsed from $12 million to $0.9 million despite massive revenue growth.

earnings miss
90%
bearishMay 8

Adjusted EBITDA margin declined from 14.7% to 11.8%.

margin compression
70%
bullishMay 8

Acquisition of Pintail drove a 36.6% increase in total revenues.

acquisition
80%
bearishMay 8

Net income collapsed from $12 million to $0.9 million despite massive revenue growth.

earnings miss
90%
bearishMay 8

Adjusted EBITDA margin declined from 14.7% to 11.8%.

margin compression
70%
bullishMay 8

Acquisition of Pintail drove a 36.6% increase in total revenues.

acquisition
80%
bearishMay 8

Net income collapsed from $12 million to $0.9 million despite massive revenue growth.

earnings miss
90%
bearishMay 8

Adjusted EBITDA margin declined from 14.7% to 11.8%.

margin compression
70%
bullishMay 8

Acquisition of Pintail drove a 36.6% increase in total revenues.

acquisition
80%

Filing History

10-QMay 8, 2026
Expand Sequence

The Q1 2026 filing presents a company in the midst of a high-stakes transition. The successful integration of Pintail has fundamentally scaled the business, transforming RPC into a larger entity with diversified service offerings. However, this scale has come at the expense of immediate profitability and cash flow efficiency. The divergence between Adjusted EBITDA and GAAP net income highlights the significant impact of one-time acquisition costs and tax penalties. Ultimately, the investment thesis hinges on whether the 'Pintail Effect' can transition from a revenue driver to a margin driver. If management can stabilize the cost structure and improve working capital management, the scaled revenue base provides a powerful platform for earnings expansion. Conversely, if the margin compression persists and free cash flow remains negative, the current valuation may be overly optimistic regarding the quality of the company's growth.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.