{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-005675","form_type":"8-K","ticker":"RES","cik":"0000742278","company_name":"RPC INC","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.885815+00:00","generated_at":"2026-06-03T08:46:54.234920+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"RPC Q1 2024 revenue $377.8M, net income $27.5M, down 32% sequentially; declares $0.04 dividend","bullets":["Revenue of $377.8M decreased 4% sequentially; net income $27.5M (diluted EPS $0.13) down 32% sequentially.","Adjusted EBITDA $63.1M, margin 16.7%, down 340 bps sequentially; cost pressures and competitive pricing cited.","Technical Services revenue $356.4M (-4% seq), operating income $32.0M (-31% seq); Support Services revenue $21.4M (-9% seq), op income $3.6M (-29% seq).","Cash $212.2M, debt-free; paid $8.6M dividends, repurchased $9.9M stock in Q1; new $0.04/share dividend declared payable June 10.","Management optimistic that if oil prices hold, customer activity could increase in H2 2024; new Tier 4 dual-fuel fleet on track for mid-2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-005675","json":"https://secwatch.observer/filing/0001558370-24-005675.json","markdown":"https://secwatch.observer/filing/0001558370-24-005675.md","text":"https://secwatch.observer/filing/0001558370-24-005675.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/742278/000155837024005675/0001558370-24-005675-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/742278/000155837024005675/res-20240425x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:46:54.234920+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":"a08981d126148b5461fc9f7a66d9660e8c333442","claim":"RPC INC reported the first quarter ended March 31, 2024 results: revenue $377.8 million, net income $27.5 million, EPS $0.13.","evidence_excerpt":"and year-over-year comparisons are available in the tables at the end of this earnings release. ​ First Quarter 2024 Highlights ​ ● Revenues decreased 4% sequentially to $377.8 million ● Net income was $27.5 million, down 32% sequentially, and diluted Earnings Per Share (EPS) was $0.13; net income margin decreased 290 basis points sequentially to 7.3% ●","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/742278/000155837024005675/0001558370-24-005675-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$377.8 million"},{"label":"Net income","value":"$27.5 million"},{"label":"EPS","value":"$0.13"},{"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"}