RPC Q2 net income $46.9M, EPS $0.22; reinstates quarterly dividend at $0.02/share

RPC INC

2022-Q2 EPS reported $0.29 revenue$660,131,000

Net income $46.9M ($0.22 diluted EPS) vs $15.1M ($0.07) in Q1 2022; revenue $375.5M (+31.9% sequential).
EBITDA $80.6M, up 87.4% from $43.0M in Q1.
Technical Services revenue $356.1M (+33.7% sequential); operating profit $59.8M vs $21.8M Q1.
Board declares first regular quarterly dividend since 2019 at $0.02/share.
Reactivated pressure pumping fleet; plans refurbishment and new fleet in 2023.

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