secwatch.observer — SEC 8-K summary
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Issuer:     RPC INC (RES)
CIK:        0000742278
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001558370-25-005328
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RPC Q1 revenue $332.9M, net income $12M; acquires Pintail Completions for $245M
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- EBITDA of $48.9M, up 6% sequentially; EBITDA margin 14.7% (+100 bps).
- Pintail Completions acquired for $245M (cash $170M, seller note $50M, restricted stock $25M); >$400M 2024 revenue.
- Cash $326.7M, no revolver borrowings; quarter-end. Board declared $0.04/share dividend payable June 10.
- Technical Services revenue down 1% to $311.8M; Support Services up 1% to $21.0M.
- Management cites tariff uncertainty and volatile oil prices as near-term headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/742278/000155837025005328/0001558370-25-005328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/742278/000155837025005328/res-20250424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-005328

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