RPC (RES) Q2 2026 earnings summary

Executive summary

• Revenues for Q2 2026 increased 1% sequentially and 9.5% year-over-year to $460.9 million, with net income rising to $12.1 million and diluted EPS of $0.05; adjusted net income was $17.8 million and adjusted diluted EPS was $0.08.

• Adjusted EBITDA rose to $66.0 million, with margins up 250 basis points to 14.3%.

• The Board declared a regular quarterly cash dividend of $0.04 per share, with $17.7 million paid year-to-date.

• CEO succession announced, with the current CEO retiring after 30 years by end of 2026 and a search for a successor underway.

Financial highlights

• Net income margin for Q2 2026 was 2.6%, up 240 basis points sequentially; adjusted net income margin was 3.9%.

• Adjusted EBITDA margin improved to 14.3%; six-month revenues totaled $915.6 million, with net income of $12.9 million.

• Free cash flow for the first half of 2026 was $3.8 million, down from $17.6 million in 2025.

• Cash and cash equivalents at quarter end were $179.5 million.

Outlook and guidance

• 2026 capital expenditures guidance raised to $170–$190 million, focused on maintenance, growth, and ERP upgrades, with some spend possibly shifting to 2027.

• Management expects current liquidity and cash flows to cover obligations for at least the next twelve months.

• No significant near-term change in activity expected due to commodity price uncertainty; company remains positioned to respond to market dynamics.

• Quarterly dividend of $0.04 per share declared, payable September 10, 2026.