---
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"
generated_at: "2026-06-06T18:47:00.919548+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RPC Q4 net income jumps 120% sequentially to $40.3M; debt-free with $223M cash

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/742278/000155837024000491/0001558370-24-000491-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/742278/000155837024000491/res-20240125x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000491
- JSON: https://secwatch.observer/filing/0001558370-24-000491.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000491.txt

## Key facts
- Earnings Releases
  RPC INC reported fourth quarter ended December 31, 2023 results: revenue $394.5 million, net income $40.3 million, EPS $0.19.
  - Period: fourth quarter ended December 31, 2023
  - Revenue: $394.5 million
  - Net income: $40.3 million
  - EPS: $0.19
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/742278/000155837024000491/0001558370-24-000491-index.htm
- Earnings Releases
  RPC INC reported full year ended December 31, 2023 results: revenue $1.6 billion, net income $195.1 million, EPS $0.90.
  - Period: full year ended December 31, 2023
  - Revenue: $1.6 billion
  - Net income: $195.1 million
  - EPS: $0.90
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/742278/000155837024000491/0001558370-24-000491-index.htm

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