# RPC, Inc. (RES)

> Source: Nexqual · https://nexqual.com/RES · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, RPC, Inc. (RES), nexqual.com/RES" · informational, not investment advice.

**Price:** USD 6.02 (-4.75% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 6.32 · day 5.81–6.32 · 52w 4.6–8.16 · market cap $1.33B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.79B, net income $22.8M (1.3% margin), free cash flow $39.1M (SEC filings).
- Valuation: P/E 58.4x (avg 19.2x at the last 3 fiscal year-ends), EV/EBITDA 5.8x, net cash $159M.
- 1 of 80 tracked superinvestors hold RES (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (5 analysts), mean target USD 6.4 (range 5–9).
- Total return with dividends: 1Y +29.7% vs S&P 500 +14.9%; 5Y +19.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.11, revenue estimate $471M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $865M | $1.60B | $1.62B | $1.41B | $1.63B | $1.79B |
| Gross profit | $202M | $514M | $528M | $378M | $394M | — |
| Operating income | $16.3M | $288M | $245M | $97.5M | $44.7M | $34.2M |
| Net income | $7.2M | $218M | $195M | $91.4M | $32.1M | $22.8M |
| EPS (diluted) | $0.03 | $1.01 | $0.90 | $0.43 | $0.15 | — |
| Free cash flow | -$19.9M | $61.7M | $214M | $129M | $52.9M | $39.1M |
| Gross margin | 23.3% | 32.1% | 32.6% | 26.7% | 24.2% | — |
| Operating margin | 1.9% | 18.0% | 15.1% | 6.9% | 2.8% | 1.9% |
| Net margin | 0.8% | 13.6% | 12.1% | 6.5% | 2.0% | 1.3% |
| Revenue growth | +44.6% | +85.2% | +1.0% | -12.5% | +15.0% | — |
| Cash + short-term investments | $82.4M | $126M | $223M | $326M | $210M | — |
| Total debt | — | — | — | — | $30.0M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 58.4x · P/S 0.8x · EV/EBITDA 5.8x · EV/Sales 0.7x · P/FCF 34.1x · P/B 1.2x · FCF yield 2.93% · Earnings yield 1.71% · Dividend yield (paid, TTM) 2.65% · Buyback yield (TTM) 0.26% · Net cash $159M · EV $1.17B
P/E at fiscal year-ends: Dec 2025 36.0x, Dec 2024 13.7x, Dec 2023 7.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold RES. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.01% | $3.2M | Added +61.5% |

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 5 analysts; mean target USD 6.4 (low 5, high 9).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-08 | Susquehanna | Target lowered | Neutral | $7.5 → $6 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +29.7% | +19.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +29.8% | +3.6% |
| Volatility (annualized) | 47.8% | 51.6% |
| Max drawdown | -35.6% (Apr 2026→Jul 2026) | -63.3% (Apr 2022→Oct 2025) |

## Peers (Oil & Gas Equipment & Services)
NEXT (NextDecade Corporation) USD 5.91 -2.31% · AESI (Atlas Energy Solutions Inc.) USD 8.6 -8.41% · VTOL (Bristow Group, Inc.) USD 38.03 -1.32% · XPRO (Expro Ltd) USD 15.66 -6.62% · FET (Forum Energy Technologies, Inc.) USD 81.56 -5.96% · INVX (Innovex International, Inc.) USD 27.93 -5.16%

## More
Full page: https://nexqual.com/RES · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Technical Service | $438.1M | 95.1% | +10.4% | $27.6M | 6.3% |
| Support Services | $22.8M | 4.9% | -5.4% | $2.3M | 10.1% |
| Total revenue | $460.9M | 100% | — | $14.8M | 3.2% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Pressure Pumping | $139.9M | 30.3% | +28.1% |
| Downhole Tools | $116.7M | 25.3% | +17.2% |
| Wireline | $88.6M | 19.2% | -14.8% |
| Coiled Tubing | $40.6M | 8.8% | +13.8% |
| Cementing | $28.7M | 6.2% | +3.8% |
| Rental Tools | $16.7M | 3.6% | -7.1% |
| Snubbing | $9.0M | 1.9% | +20.7% |
| Product & Service Other | $7.4M | 1.6% | +44.0% |
| Nitrogen | $7.3M | 1.6% | -10.0% |
| Total revenue | $460.9M | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $451.8M | 98.0% | +9.6% |
| Non Us | $9.1M | 2.0% | +7.7% |
| Total revenue | $460.9M | 100% | — |

## Customer concentration

Period ended 2025-12-31: 15%, 10% of revenue from unnamed direct customers (10-K, filed 2026-02-27).

## Company outlook (8-K filed 2026-07-30)

- "Additional factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations are described under "Risk Factors," "Forward-Looking Statements" and elsewhere in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in other reports and filings with the Securities and Exchange Commission."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.10 | $0.07 | +61.5% | $471.4M | 4 |
| Next quarter (ends 2026-12-31) | $0.06 | $0.05 | +19.0% | $455.0M | 4 |
| Current fiscal year (ends 2026-12-31) | $0.28 | $0.19 | +48.7% | $1.84B | 4 |
| Next fiscal year (ends 2027-12-31) | $0.29 | $0.25 | +15.8% | $1.86B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-10-29): ±27.0%; last 8 reports averaged ±6.5%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-12-18 | 56 | 81.2% | ±27.0% |