---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010104"
form_type: "8-K"
ticker: "RES"
cik: "0000742278"
company_name: "RPC INC"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:30:09.822026+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RPC Q2 2024 net income up 18% sequentially to $32.4M, revenue down 4% to $364.2M

## Summary
- Revenue $364.2M (-4% seq), net income $32.4M (+18% seq), diluted EPS $0.15, net income margin 8.9%.
- Adjusted EBITDA $68.5M (+9% seq), margin 18.8% (+210 bps); cost controls offset revenue decline.
- Pressure pumping revenue fell 17% sequentially; other service lines up 8%, led by downhole tools and coiled tubing.
- Cash $261.5M, no debt; declared $0.04/share dividend payable Sept 10, 2024 to holders of record Aug 9.
- YTD free cash flow $56.7M; received $52.8M IRS tax refund in Q2.

## SEC filing metadata
- accession: 0001558370-24-010104
- form_type: 8-K
- ticker: RES
- cik: 0000742278
- company_name: RPC INC
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/742278/000155837024010104/0001558370-24-010104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/742278/000155837024010104/res-20240725x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010104
- JSON: https://secwatch.observer/filing/0001558370-24-010104.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010104.txt

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