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Overview
RPC, Inc. operates as a holding company that provides specialized oilfield services and equipment to independent and major oilfield operators in the United States and selected international markets. It coordinates a group of subsidiary service providers that perform field operations and supply gear at oilfield sites across regions including the Gulf of Mexico, mid-continent, southwest, Appalachian, and Rocky Mountain areas. The company differentiates itself by offering a broad geographic footprint and a wide range of services under one holding company, allowing customers to source multiple needs from a single provider. Its goal is to support exploration, development, and production activities while delivering value to shareholders.
About RPC
Industries
Consulting
Company Size
201-500
Company Stage
IPO
Headquarters
Brookhaven, Georgia
Founded
1984
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Simplify's Take
What believers are saying
- July 30, 2026 Q2 revenue reached $460.9 million, up 9.5% from last year.
- July 30, 2026 adjusted EPS of $0.08 beat estimates; Technical Services improved sequentially.
- RPC kept its $0.04 quarterly dividend on July 30, 2026, reinforcing cash discipline.
What critics are saying
- Ben Palmer retires by December 31, 2026, and RPC still lacks a named successor.
- Pomerantz opened a February 19, 2026 securities-fraud investigation after RPC's February selloff.
- A prolonged Permian slowdown would crush utilization, endanger dividends, and expose RPC's commodity leverage.
What makes RPC unique
- RPC sells pressure pumping, coiled tubing, rental tools, and logistics across U.S. basins.
- Ben Palmer built RPC's Permian Basin footprint and higher-margin technical services since 2022.
- July 7, 2026 revolver extension left RPC with no borrowings and $180 million cash.
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Funding
Total Funding
$100M
Above
Industry Average
Funded Over
1 Rounds
Stock Price
Growth & Insights and Company News
6 month growth
↑ 19%1 year growth
↑ 19%2 year growth
↑ 19%RPC, Inc. declares quarterly dividend of $0.04 (NYSE:RES). July 30, 2026 Key points. * RPC declared a quarterly dividend of $0.04 per share, payable September 10 to shareholders of record on August 10. The dividend implies an annualized payout of $0.16 and a yield of approximately 2.9%. * The dividend appears supported by earnings, with a current payout ratio of 36.4%; analysts expect next year's earnings to cover the annual dividend at an estimated 64.0% payout ratio. * RPC reported quarterly EPS of $0.08, exceeding analysts' $0.04 estimate, while revenue reached $460.87 million and increased 9.5% year over year. Shares rose 6.0% to $5.42 during Thursday's trading session. * MarketBeat previews the top five stocks to own by August 1st. RPC, Inc. (NYSE:RES - Get Free Report) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Monday, August 10th will be given a dividend of 0.04 per share by the oil and gas company on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. RPC has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect RPC to earn $0.25 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 64.0%. RPC stock up 6.0%. Shares of NYSE:RES traded up $0.30 during trading on Thursday, hitting $5.42. 2,064,152 shares of the company's stock traded hands, compared to its average volume of 2,142,208. RPC has a 52 week low of $4.18 and a 52 week high of $8.16. The company has a current ratio of 3.13, a quick ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 60.28 and a beta of 0.64. The company has a 50-day moving average price of $6.27 and a 200-day moving average price of $6.48. RPC (NYSE:RES - Get Free Report) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The business had revenue of $460.87 million during the quarter, compared to analysts' expectations of $463.48 million. RPC had a return on equity of 4.82% and a net margin of 1.20%.RPC's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 EPS. As a group, research analysts forecast that RPC will post 0.2 EPS for the current fiscal year. About RPC. RPC, Inc NYSE: RES provides essential equipment and services to companies engaged in the exploration, production and maintenance of oil and natural gas wells. The firm operates as an equity interest holding company, partnering with a network of independent service businesses to deliver a comprehensive suite of offerings for well completion and production operations. Discover more Cryptocurrency News Online Image Galleries hedge funds Through its affiliated service companies, RPC offers pressure pumping and fracturing services, coiled tubing and nitrogen pumping, downhole tools and telemetry solutions, well intervention and workover services, along with rental tools and supply-chain logistics. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider RPC, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RPC wasn't on the list. While RPC currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys. With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
RPC, Inc. Announces Amended and Restated Credit Agreement: Key Details for Investors
RPC, an oilfield services company, saw its shares fall nearly 12% on Wednesday following the announcement that CEO Ben Palmer is retiring. Palmer, who has been with the company since 1996 and became CEO in 2022, will step down before year-end, relinquishing his roles as president and CEO along with his board seat. The company has initiated a formal search for Palmer's replacement and engaged an executive search firm to assist. Palmer will serve in an advisory role to ensure a smooth transition once a successor is found. During his tenure, Palmer was credited with expanding RPC's presence in the Permian Basin, pushing into higher-margin services, and delivering shareholder value and profitability.
RPC, Inc. announces CEO Ben M. Palmer to retire by end of 2026. RPC, Inc. announced on June 23 that President and CEO Ben M. Palmer will retire and step down from the Board of Directors by the end of 2026 after a 30-year tenure with the company. The Board has begun searching for Palmer's successor, aiming to complete the process before year-end 2026. Palmer will remain in his role until a new CEO is named or until December 31, 2026, after which he will serve in an advisory capacity to ensure a smooth transition. Palmer has served as President and CEO since 2022 and previously held roles as Chief Financial Officer and Treasurer beginning in 1996. During his three decades at RPC, he focused on maintaining a strong balance sheet, generating free cash flow, returning capital to shareholders, diversifying service lines toward higher margins, expanding presence in the Permian Basin, and delivering profitability. "On behalf of the entire Board of Directors, I want to thank Ben for his excellent leadership, as well as his partnership, over the course of his three decades with the Company," said Richard A. Hubbell, Executive Chairman of the Board of RPC. "Ben has been instrumental across every corner of RPC... Under his leadership as CEO... RPC has expanded into attractive service lines and preserved the flexibility needed to unlock future growth opportunities." The search for a new CEO will be assisted by an independent firm and focus on candidates with operational excellence in oilfield services who can continue growth while upholding financial strength. Patrick J. Gunning, Lead Independent Director of RPC, said: "This transition is a product of the Board's careful approach to succession planning... Over the coming months we look forward to engaging in a comprehensive search... Ben's commitment to assist with the transition will help ensure continuity for our employees, customers and shareholders every step of the way." Palmer said: "It has been the privilege of my professional life to spend the last 30 years at RPC alongside such a talented and dedicated team... I believe this is the right moment for RPC to transition to its next generation of executive leadership." RPC provides specialized oilfield services throughout various U.S. regions including Gulf Coast areas as well as selected international markets. PR Newswire operates globally across more than 170 countries with support in over 40 languages; it collaborates with more than 500,000 media outlets worldwide and offers press release distribution along with AI-enhanced content tools, according to the official website.
RPC reported first-quarter earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.01 per share by 200%, though down from $0.06 per share a year earlier. The oil and gas services company has surpassed consensus earnings estimates twice over the past four quarters. Revenues reached $454.76 million for the quarter ended March 2026, exceeding estimates by 14.84% and up from $332.88 million a year ago. The company has topped consensus revenue estimates four times in the past four quarters. RPC shares have gained 35.7% year-to-date, outperforming the S&P 500's 7.6% gain. The stock currently holds a Zacks Rank of 3 (Hold), suggesting shares are expected to perform in line with the market near term.
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About RPC
Industries
Consulting
Company Size
201-500
Company Stage
IPO
Headquarters
Brookhaven, Georgia
Founded
1984
There are no jobs for RPC right now.
Find jobs on Simplify and start your career today