{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-000491","form_type":"8-K","ticker":"RES","cik":"0000742278","company_name":"RPC INC","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.848166+00:00","generated_at":"2026-06-06T18:47:00.919548+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"RPC Q4 net income jumps 120% sequentially to $40.3M; debt-free with $223M cash","bullets":["Revenue $394.5M (+19% seq) on pressure pumping rebound; net income $40.3M ($0.19 EPS) up 120% seq.","Full-year 2023 revenue $1.6B, net income $195.1M ($0.90 EPS); adjusted EBITDA $374.4M (23.1% margin).","Declared $0.04/share quarterly dividend, payable March 11, 2024 to holders of record Feb 9.","Debt-free with $223M cash; bought back $8.6M of stock in Q4 (1.2M shares), $21.1M full year.","Acquired Spinnaker cementing (closed Jul 2023); new Tier 4 dual-fuel fleet order for Q2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-000491","json":"https://secwatch.observer/filing/0001558370-24-000491.json","markdown":"https://secwatch.observer/filing/0001558370-24-000491.md","text":"https://secwatch.observer/filing/0001558370-24-000491.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/742278/000155837024000491/0001558370-24-000491-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/742278/000155837024000491/res-20240125x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:47:00.919548+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":"630e8b97a256ff8a164ccab86ba9e4e89297fbca","claim":"RPC INC reported fourth quarter ended December 31, 2023 results: revenue $394.5 million, net income $40.3 million, EPS $0.19.","evidence_excerpt":"and year-over-year comparisons are available in the tables at the end of this earnings release. ​ Fourth Quarter 2023 Highlights ​ ● Revenues increased 19% sequentially to $394.5 million ● Net income was $40.3 million, up 120% sequentially, and diluted earnings per share (EPS) was $0.19; net income margin increased 470 basis points sequentially to 10.2% ●","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742278/000155837024000491/0001558370-24-000491-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$394.5 million"},{"label":"Net income","value":"$40.3 million"},{"label":"EPS","value":"$0.19"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"660727e2a08872627052b42b46ae43e1cb8aa7ee","claim":"RPC INC reported full year ended December 31, 2023 results: revenue $1.6 billion, net income $195.1 million, EPS $0.90.","evidence_excerpt":"from significantly higher pressure pumping fleet utilization compared to the third quarter of 2023 ​ Full Year 2023 Highlights ​ ● Revenues increased 1% year-over-year to $1.6 billion ● Net income was $195.1 million and diluted EPS was $0.90; net income margin was 12.1% ● Adjusted EBITDA was $374.4 million, with Adjusted EBITDA margin of 23.1% ● Net cash flow","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742278/000155837024000491/0001558370-24-000491-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2023"},{"label":"Revenue","value":"$1.6 billion"},{"label":"Net income","value":"$195.1 million"},{"label":"EPS","value":"$0.90"},{"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"}