RPC, Inc. reported adjusted EPS of $0.04 for Q4 2025, falling short of the consensus estimate of $0.07 by 42.9% and down from $0.06 in Q4 2024. Despite the earnings miss, revenue rose 27% year-over-year to $425.8 million, exceeding the Zacks forecast of $419.3 million. This marked the fourth consecutive quarter in which RPC surpassed revenue estimates, driven in part by contributions from the Pintail Completions acquisition completed in April 2025.

Cost of revenues climbed slightly to $336.6 million, compared with $334.7 million in Q3 2025, as the firm expensed approximately $12 million of wireline cable purchases that had previously been capitalized. Selling, general and administrative expenses increased to $47.7 million from $44.6 million, reflecting higher employment incentives and acquisition-related compensation of $7.3 million. As a result, adjusted EBITDA fell to $55.1 million (12.9% margin), down from $67.8 million (15.2% margin) in the prior quarter, and the company recorded a net loss of $3.1 million (–0.7% margin) compared with net income of $13.0 million in Q3 2025.

RPC ended the quarter with $210.0 million in cash and equivalents and zero borrowings on its $100 million revolver. Year-to-date operating cash flow totaled $201.3 million, generating free cash flow of $52.9 million. The company returned $35.1 million to shareholders via dividends and repurchased $2.9 million of common stock for tax withholding on restricted shares. With a debt-to-equity ratio near 0.07 and a current ratio of 2.78, RPC maintains a conservative balance sheet to support disciplined execution and strategic deployments.