{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-049883","form_type":"8-K","ticker":"RES","cik":"0000742278","company_name":"RPC INC","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.132627+00:00","generated_at":"2026-06-16T14:28:50.165680+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"RPC Q1 2023 revenue $476.7M, net income $71.5M ($0.33 EPS), down from Q4 2022","bullets":["Revenue $476.7M, down 1% from Q4 2022's $482.0M; operating profit $90.7M vs $112.3M.","Net income $71.5M ($0.33 diluted EPS) vs $87.0M ($0.40) in Q4 2022; adjusted EPS $0.39.","Non-cash pension settlement charge of $17.4M recorded in Q1 2023.","Adjusted EBITDA $132.9M vs $138.4M in Q4 2022; cost of revenues 64.0% of revenue.","Weather disruptions and change in job mix in pressure pumping impacted results."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-049883","json":"https://secwatch.observer/filing/0001104659-23-049883.json","markdown":"https://secwatch.observer/filing/0001104659-23-049883.md","text":"https://secwatch.observer/filing/0001104659-23-049883.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/742278/000110465923049883/0001104659-23-049883-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/742278/000110465923049883/tm2313765d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T14:28:50.165680+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"899455619edf2857e571d5429cc8ac7ffc26b580","claim":"RPC INC reported the first quarter ended March 31, 2023 results: revenue $476.7 million, net income $71.5 million, EPS $0.33 diluted earnings per share.","evidence_excerpt":"For the quarter ended March 31, 2023, RPC generated revenues of $476.7 million, a slight decrease compared to $482.0 million in the fourth quarter of 2022. Revenues were impacted by weather disruptions and a change in the job mix in pressure pumping, RPC’s largest service line. Operating profit for the first quarter of 2023 was $90.7 million compared to $112.3 million in the fourth quarter of 2022. Net income for the first quarter of 2023 was $71.5 million, or $0.33 diluted earnings per share, compared to net income of $87.0 million, or $0.40 diluted earnings per share, in the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742278/000110465923049883/0001104659-23-049883-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$476.7 million"},{"label":"Net income","value":"$71.5 million"},{"label":"EPS","value":"$0.33 diluted earnings per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}