Filing Flows › RPC (RES) › Q1 2026
RPC (RES) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
RPC (RES) reported revenue of $455M for the first quarter 2026 (Q1 2026), +37% from a year earlier and +7% from the quarter before. Operating margin was 0.6%, net earnings $855K (0.2% of revenue).
RPC, Q1 2026: revenue $455M (+37% year over year), operating margin 0.6%, net earnings $855K, operating cash flow $31.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $455M | +7% | +37% |
| Operating profit | $2.6M | — | -79% |
| Net earnings | $855K | — | -93% |
| Operating cash flow | $31.2M | -50% | -22% |
What changed
Revenue was $454.8M in Q1 2026, up 37% year over year and up 7% from the previous quarter.
Operating profit was $2.6M, a 0.6% margin (down 3.1 points year over year). Operating profit fell $9.8M even though revenue rose $121.9M versus Q1 2025, so costs grew faster than sales. Total costs grew 41% against revenue growth of 37%. The fastest-growing cost line was Cost of revenue (+46%). Net earnings were $855K, down 93% year over year. The effective tax rate was 80.2%. Non-operating items added $1.7M, 39% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $31.2M (down 22% year over year), 3646% of net earnings. Non-cash charges added back $42.9M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $16.0M. Capital expenditures of $32.1M exceeded it, leaving free cash flow of −$932K.
Questions
What was RPC's revenue in the first quarter 2026?
RPC (RES) reported revenue of $455M for the first quarter 2026 (Q1 2026), +37% from a year earlier and +7% from the quarter before.
Was RPC profitable in the first quarter 2026?
Operating profit was $2.6M (0.6% of revenue) and net earnings $855K.
Source: RPC 10-Q on SEC EDGAR.