---
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"
generated_at: "2026-06-16T14:28:50.165680+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# RPC Q1 2023 revenue $476.7M, net income $71.5M ($0.33 EPS), down from Q4 2022

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-049883
- JSON: https://secwatch.observer/filing/0001104659-23-049883.json
- Plain text: https://secwatch.observer/filing/0001104659-23-049883.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $476.7 million
  - Net income: $71.5 million
  - EPS: $0.33 diluted earnings per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/742278/000110465923049883/0001104659-23-049883-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.