---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-084013"
form_type: "8-K"
ticker: "RES"
cik: "0000742278"
company_name: "RPC INC"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:33:00.847005+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RPC Q2 2023 revenue $415.9M, EPS $0.30, down QoQ on job delays

## Summary
- Revenue fell to $415.9M from $476.7M in Q1; operating profit down to $82.4M from $90.7M.
- Net income $65.0M ($0.30 diluted EPS) vs. $71.5M ($0.33) in prior quarter.
- Adjusted EBITDA $110.1M, down from $132.9M in Q1.
- Job delays/cancellations by pressure pumping customers and weaker natural-gas basins drove the decline.
- Recorded a non-cash pension settlement charge of $911K in Q2 (vs. $17.4M in Q1).

## SEC filing metadata
- accession: 0001104659-23-084013
- form_type: 8-K
- ticker: RES
- cik: 0000742278
- company_name: RPC INC
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/742278/000110465923084013/0001104659-23-084013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/742278/000110465923084013/tm2322021d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-084013
- JSON: https://secwatch.observer/filing/0001104659-23-084013.json
- Plain text: https://secwatch.observer/filing/0001104659-23-084013.txt

## Key facts
- Earnings Releases
  RPC INC reported the second quarter ended June 30, 2023 results: revenue $415.9 million, net income $65.0 million, EPS $0.30 diluted earnings per share.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $415.9 million
  - Net income: $65.0 million
  - EPS: $0.30 diluted earnings per share
  - Result: reported results
  source text: and development of oil and gas properties throughout the United States and in selected international markets. For the quarter ended June 30, 2023, RPC generated revenues of $415.9 million, a decrease compared to $476.7 million in the first quarter. Revenues declined due to job delays and cancellations by several pressure pumping customers as well as weaker
  evidence_url: https://www.sec.gov/Archives/edgar/data/742278/000110465923084013/0001104659-23-084013-index.htm

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