Financial Analysis

"Note 2: Acquisition On April 1, 2025 (the ""Closing Date), RPC, through its wholly owned subsidiary, Thru Tubing Solutions, Inc., completed its previously announced acquisition of Pintail Alternative Energy, L.L.C. (""Pintail). Pursuant to the terms of the Membership Interest Purchase Agreement dated as of April 1, 2025 (the ""Merger Agreement), by and among RPC and Pintail, on the Closing Date, Pintail merged with and into RPC (the ""Merger), and Pintail continued as a wholly owned subsidiary of RPC. Pintail, headquartered in Midland, Texas, is a leading provider of oilfield wireline perforating services in the Permian Basin, and its conventional and electric wireline units are among the newest in the industry. The acquisition is building on RPCs diversified oilfield services platform with geographic concentration in the most active oil producing region in the U.S. land market. Pintail is included in our Technical Services Segment. Pursuant to the terms and subject to the conditions set forth in the Merger Agreement, on the Closing Date, 100% of Pintails equity was automatically canceled and converted into the right to receive (i) $170 million in cash (""the Closing Cash), (ii) $25 million of RPC common stock, which was paid by the issuance of 4,545,454 shares of restricted common stock of RPC (""Stock Consideration) to one of the previous owners (the ""Seller), and (iii) $50 million in the form of a secured note payable to Houston LP (the ""Seller Note). Interest on the Se …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Note 16: Commitments and Contingencies Income Taxes - The amount of income taxes the Company pays is subject to ongoing audits by federal and state tax authorities, which often result in proposed assessments. Other long-term liabilities included the Companys estimated liabilities for probable assessments and totaled $552 thousand as of December 31, 2025, compared to $531 thousand as of December 31, 2024. See note to the consolidated financial statements titled Income Taxes for further information related to those liabilities. Sales and Use Taxes - The Company has ongoing sales and use tax audits in various jurisdictions and may be subjected to varying interpretations of statute that could result in unfavorable outcomes. In accordance with ASC 450-20, Loss Contingencies , any probable and reasonable estimate of assessment costs have been included in accrued state, local and other taxes. The Company had previously received state tax notifications related to sales and use tax which were resolved subsequent to year-end with no material impact on its consolidated financial position, results of operations or cash flows. Litigation - RPC is a party to various routine legal proceedings primarily involving commercial claims, employee liability and workers compensation claims and claims for personal injury. RPC insures against these risks to the extent deemed prudent by its management, but no assurance can be given that the nature and amount of such insurance will, in every case, fully …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Note 15: Fair Value Disclosures The various inputs used to measure assets at fair value establish a hierarchy that distinguishes between assumptions based on market data (observable inputs) and the Companys assumptions (unobservable inputs). The hierarchy consists of three broad levels as follows: 1. Level 1 Quoted market prices in active markets for identical assets or liabilities. 2. Level 2 Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. 3. Level 3 Unobservable inputs developed using the Companys estimates and assumptions, which reflect those that market participants would use. The following table shows investments measured at net asset value as of December 31, 2025, and 2024: December 31, 2025 2024 (in thousands) Investments measured at net asset value $ $ 30,666 Prior to their dissolution, trading securities were comprised of the SERP assets, as described in the note titled Employee Benefit Plans, and were recorded primarily at their net cash surrender values, calculated using their net asset values which approximates fair value, as provided by the issuing insurance or investment company. The Companys policy is to recognize transfers between levels at the beginning of q …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Note 11: Income Taxes For financial reporting purposes, income before income taxes includes the following components: Years ended December 31, 2025 2024 2023 (in thousands) United States $ 52,258 $ 102,415 $ 253,407 Foreign 4,291 10,387 2,836 Total income before income taxes $ 56,549 $ 112,802 $ 256,243 The following table lists the components of the provision for income taxes: Years ended December 31, 2025 2024 2023 (in thousands) Current provision: Federal $ 3,806 $ 11,468 $ 45,146 State 1,162 2,310 6,502 Foreign 815 681 835 Deferred provision (benefit): Federal 15,256 8,067 7,116 State 3,091 1 1,531 Foreign 339 (1,169) Total income tax provision $ 24,469 $ 21,358 $ 61,130 The Base Erosion and Profit Shifting framework 2.0 (Pillar Two) released by the Organization for Economic Co-operation and Development introduced a global minimum corporate tax of 15% for companies with global revenues and profits above certain thresholds. The United States has not yet enacted legislation to adopt the provisions of Pillar Two. As of December 31, 2025, certain countries we operate in have enacted legislation related to the global minimum tax rules under Pillar Two. There are no recorded effects for Pillar Two in our 2025 financial statements as we do not estimate a material impact, if any, to our consolidated financial statements. We will continue to monitor the impact as additional countries enact legislation going forward . Reconciliation between the federal statutory rate and RPCs incom …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Note 20: Leases The Company recognizes operating and finance leases with a duration greater than 12 months on the Consolidated Balance Sheet with a Right-Of-Use (ROU) asset and liability at the present value of lease payments over the term. Leases that include rental escalation clauses or renewal options are factored into the determination of lease payments when appropriate. There are no residual value guarantees on the existing leases. The Company estimates its incremental borrowing rate at lease commencement to determine the present value of lease payments, since most of the Companys leases do not provide an implicit rate of return. ROU assets exclude lessor incentives received. The Company subleases certain real estate to third parties. Our sublease portfolio consists solely of operating leases. As of December 31, 2025, the Company had no operating or finance leases that had not yet commenced. During the year ended December 31, 2025, the Company assumed certain leases as part of its acquisition of Pintail. The disclosures below include information related to the leases after the acquisition. See note to the consolidated financial statements titled Acquisition for further information related to those leases. Lease Position: The table below represents the assets and liabilities related to operating leases recorded on the Consolidated Balance Sheet: December 31, 2025 2024 (in thousands) Assets: Operating lease right-of-use assets $ 24,094 $ 27,465 Finance lease right-of-use a …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Note 12: Notes Payable The Company has a revolving Credit Agreement with Bank of America and four other lenders which provides for a line of credit of up to $100 million, including a $35 million letter of credit sub-facility, and a $35 million swingline sub-facility. The facility contains customary terms and conditions, including restrictions on indebtedness, dividend payments, business combinations and other related items. The revolving credit facility includes a full and unconditional guarantee by the Company's 100% owned domestic subsidiaries whose assets equal substantially all of the consolidated assets of the Company and its subsidiaries. Certain of the Companys minor subsidiaries are not guarantors. The Credit Agreements maturity date is June 22, 2027, and the interest rate is based on Term Secured Overnight Financing Rate (Term SOFR). In addition, the terms of the agreement have a 1.00% per annum floor for Base Rate borrowings and permits the issuance of letters of credit in currencies other than U.S. dollars. Under the Credit Agreement, when RPCs trailing four quarter Adjusted EBITDA (as calculated under the Credit Agreement) is equal to or greater than $50 million: (i) the consolidated leverage ratio cannot exceed 2.50:1.00 and (ii) the debt service coverage ratio must be equal to or greater than 2.00:1.00; otherwise, the minimum tangible net worth must be greater than or equal to $400 million. As of both December 31, 2025, and December 31, 2024, the Company was in …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements The Financial Accounting Standards Board issued the following applicable Accounting Standards Updates (ASU): Recently Issued Accounting Standards Not Yet Adopted: ASU 2025-11: Interim Reporting (Topic 270): Narrow-Scope Improvements: This ASU updates existing guidance related to interim reporting. This amendment provides a comprehensive list of required interim disclosures and introduces a disclosure principle requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The provisions in this ASU are effective beginning in the first quarter of 2028. Early adoption is permitted on either a prospective or retrospective basis. The Company is currently assessing the potential impact of adoption of these provisions on the consolidated financial statements. ASU 2025-06: Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software: This ASU updates existing guidance related to the capitalization of development costs for internal-use software. These amendments update the threshold required to start capitalizing software costs and remove references to a sequential software development method. The provisions in this ASU are effective beginning in the first quarter of 2028. Early adoption is permitted as of the beginning of an annual reporting period. The Company is currently assessing the potential impact of …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Note 17: Employee Benefit Plans Supplemental Executive Retirement Plan (SERP) The Company operated a non-qualified SERP that permitted certain highly compensated employees to defer a portion of their compensation. In the fourth quarter of 2025, the Company completed the dissolution of its SERP and distributed participant balances in full. As part of the dissolution, the Company dissolved the Rabbi Trust and liquidated all the Company-Owned Life Insurance Policies (COLI) and other securities held in the Trust. Termination of the SERP was approved by the Board of Directors in the fourth quarter of 2024. Pursuant to the Internal Revenue Service rules, participant balances are required to be distributed between 12 and 24 months after termination. Retirement Plan assets and liabilities were classified as long-term on the Consolidated Balance Sheet as of December 31, 2024, and were reclassified to short-term as of June 30, 2025, when the decision to liquidate the assets and distribute participant balances in the fourth quarter of 2025 was made. The liquidation of COLI assets resulted in a taxable gain of approximately $18 million that has been included in the income tax provision for the year ended December 31, 2025. The gain resulted from the excess of cash surrender value over the cost basis of the variable life insurance policies held inside the COLI. See note to the consolidated financial statements titled Income Taxes for a discussion of the tax impact attributable to the diss …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Note 18: Related Party Transactions Marine Products Corporation In conjunction with RPCs spin-off of its powerboat manufacturing business, RPC and Marine Products entered into various agreements that define the companies relationship. Per the terms of their Transition Support Services agreement, which may be terminated by either party, RPC provides certain administrative services, including financial reporting and income tax administration, acquisition assistance, etc., to Marine Products. Charges from the Company (or from corporations that are subsidiaries of the Company) for such services were $1.1 million in 2025, $1.1 million in 2024, and $1.0 million in 2023. The Companys receivable due from Marine Products for these services was $58 thousand as of December 31, 2025, and $99 thousand as of December 31, 2024. All of the Companys directors are also directors of Marine Products, and the executive officers are employees of both the Company and Marine Products. On February 5, 2026, Marine Products entered into an Agreement and Plan of Merger with MasterCraft Boat Holdings, Inc., a Delaware corporation (MasterCraft). The transaction is subject to shareholder and regulatory approvals and other closing conditions. If the Proposed Merger closes as planned, the Transition Support Services agreement is expected to be canceled on or about the closing date and a new Transition Support Services agreement is expected to be signed with Mastercraft. Other The Company periodically purchas …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

Note 3: Revenues Accounting Policy RPCs contract revenues are generated principally from providing oilfield services. These services are based on mutually agreed upon pricing with the customer prior to the services being delivered and given the nature of the services, do not include the right of return. Pricing for these services is a function of rates based on the nature of the specific job, with consideration for the extent of equipment, labor, and consumables needed for the job. RPC satisfies its performance obligations over time as the services are performed and records revenues accordingly. RPC records revenues based on the transaction price agreed upon with its customers. Sales tax charged to customers is presented on a net basis within the Consolidated Statements of Operations and therefore excluded from revenues. Nature of services RPC provides a broad range of specialized oilfield services to independent and major oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States and in selected international markets. RPC manages its business as either (1) services offered on the well site with equipment and personnel (Technical Services) or (2) services and tools offered off the well site (Support Services). For more detailed information about operating segments, see note to the consolidated financial statements titled Business Segment and Entity Wide Disclosures. RPC contracts with its customers to pr …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Note 19: Business Segment and Entity Wide Disclosures RPCs reportable segments are the same as its operating segments. RPC manages its business under Technical Services and Support Services. Technical Services is comprised of service lines that generate revenue based on equipment, personnel or materials at the well site and are closely aligned with completion and production activities of the customers. Support Services is comprised of service lines which generate revenue from services and equipment offered off the well site and are closely aligned with the customers drilling activities. Selected overhead including centralized support services and regulatory compliance are classified as Corporate. Technical Services consists primarily of pressure pumping, downhole tools, coiled tubing, cementing, snubbing, nitrogen, well control, wireline and fishing. The services offered under Technical Services are high capital and personnel intensive businesses. The Company considers all of these services to be closely integrated oil and gas well servicing businesses and makes resource allocation and performance assessment decisions based on this operating segment as a whole across these various services. Support Services consist primarily of drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training services. The demand for these services tends to be influenced primarily by customer drilling-related activity levels. The Companys Chief Operating …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Note 1: Significant Accounting Policies Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of RPC, Inc. and its wholly owned subsidiaries (RPC or the Company). All significant intercompany accounts and transactions have been eliminated. Certain prior year amounts have been reclassified to conform to the presentation in the current year. Common Stock RPC is authorized to issue 349,000,000 shares of common stock, $0.10 par value. Holders of common stock are entitled to receive dividends when and if declared by the Board of Directors out of legally available funds. Each share of common stock is entitled to one vote on all matters submitted to a vote of stockholders. Holders of common stock do not have cumulative voting rights. In the event of any liquidation, dissolution or winding up of the Company, holders of common stock are entitled to ratable distribution of the remaining assets available for distribution to stockholders. Preferred Stock RPC is authorized to issue up to 1,000,000 shares of preferred stock, $0.10 par value. As of December 31, 2025, there were no shares of preferred stock issued. The Board of Directors is authorized, subject to any limitations prescribed by law, to provide for the issuance of preferred stock as a class without series or, if so determined from time to time, in one or more series, and by filing a certificate pursuant to the applicable laws of the state of Delaware and to fix the des …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Note 14: Cash Paid for Common Stock Purchased and Retired The Company has a stock buyback program to repurchase up to 49,578,125 shares in the open market. As of December 31, 2025, 12,768,870 shares remained available to be repurchased under the current authorizations. The program does not have a preset expiration date. Repurchases of shares of the Companys common stock may be made from time to time in the open market, by block purchases, in privately negotiated transactions or in such other manner as determined by the Company. The timing of the repurchases and the actual amount repurchased will depend on a variety of factors, including the market price of the Company's shares, general market and economic conditions, and other factors. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or discontinued at any time. Shares purchased for withholding taxes represent taxes due upon vesting of time-lapse restricted shares granted to employees. Total share repurchases for 2025, 2024 and 2023 year-to-date are detailed below: Twelve months ended December 31, 2025 Twelve months ended December 31, 2024 Twelve months ended December 31, 2023 No. of Shares Avg. Price Total Cost No. of Shares Avg. Price Total Cost No. of Shares Avg. Price Total Cost (in thousands except per share data) Shares purchased for withholding taxes 424 $ 6.76 $ 2,868 332 $ 7.31 $ 2,426 257 $ 9.24 $ 2,370 Open market purchases 1,010 7. …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Note 21: Subsequent Event On January 27, 2026, the Board of Directors declared a $0.04 per share cash dividend payable March 10, 2026, to stockholders of record at the close of business on February 10, 2026 . …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

"3. ACQUISITION On April 1, 2025 (the ""Closing Date), RPC, through its wholly owned subsidiary, Thru Tubing Solutions, Inc., completed the acquisition of Pintail Alternative Energy, L.L.C (""Pintail). The supplemental pro forma financial information presented below has been prepared using the acquisition method of accounting and is based on the historical financial information of Pintail and RPC. This pro forma financial information does not necessarily represent what the combined companys revenues or results of operations would have been had the acquisition been completed on January 1, 2024, nor do they intend to be a projection of future operating results of the combined company. The following table provides unaudited supplemental pro forma financial information for the six months ended on June 30, 2025, as if the acquisition of Pintail had occurred on January 1, 2024. The unaudited pro forma information includes incremental depreciation expense related to fair value adjustments to property, plant and equipment, amortization of intangible assets acquired, removal of non-recurring transaction costs directly associated with the Merger, and interest expense on the Seller Note, as well as the Acquisition related employment costs associated with the Contingent Consideration and Redistribution Payments. The unaudited pro forma financial information does not give effect to any anticipated cost savings, operating efficiencies or other synergies that may be associated with the acqu …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

13. COMMITMENTS AND CONTINGENCIES Sales and Use Taxes - The Company has ongoing sales and use tax audits in various jurisdictions and may be subjected to varying interpretations of statute that could result in unfavorable outcomes. In accordance with ASC 450-20, Loss Contingencies, any probable and reasonable estimate of assessment costs have been included in accrued state, local and other taxes. During the second quarter, the Company resolved certain state sales and use tax matters for which it had previously received tax notifications. The resolution did not have a material impact on the Companys consolidated financial position, results of operations or cash flows. Litigation - RPC is a party to various routine legal proceedings primarily involving commercial claims, employee liability and workers compensation claims, claims for personal injury, and other claims. RPC insures against these risks to the extent deemed prudent by its management, but no assurance can be given that the nature and amount of such insurance will, in every case, fully indemnify RPC against liabilities arising out of pending and future legal proceedings related to its business activities. RPC is also subject to sales and use tax audits in various jurisdictions. While the outcome of these existing lawsuits, legal proceedings, claims and audits cannot be predicted with certainty, management believes that the outcome of all such proceedings, even if determined adversely, would not have a material adverse …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

5. STOCK-BASED COMPENSATION The Company has issued various forms of stock incentives, including incentive and non-qualified stock options, time-lapse restricted shares and performance share unit awards under its Stock Incentive Plans to officers, selected employees and non-employee directors. As of June 30, 2026, there were 3,392,311 shares available for grant under the Companys 2024 Stock Incentive Plan. …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

15. FAIR VALUE DISCLOSURES The various inputs used to measure assets at fair value establish a hierarchy that distinguishes between assumptions based on market data (observable inputs) and the Companys assumptions (unobservable inputs). The hierarchy consists of three broad levels as follows: 1. Level 1 Quoted market prices in active markets for identical assets or liabilities. 2. Level 2 Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. 3. Level 3 Unobservable inputs developed using the Companys estimates and assumptions, which reflect those that market participants would use. The Companys policy is to recognize transfers between levels at the beginning of quarterly reporting periods. For the quarter ended June 30, 2026, there were no significant transfers in or out of levels 1, 2 or 3. Under the Companys revolving credit facility, there was no balance outstanding at June 30, 2026, and December 31, 2025. Borrowings under our revolving credit facility and Seller Note are typically based on the quote from the lender (level 2 inputs), which approximates fair value, and bear variable interest rates as described in the Note titled Notes Payable. The Company is subject to interest …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

7. INCOME TAXES The Company generally determines its periodic income tax expense or benefit based upon the current period income or loss and the annual estimated tax rate for the Company adjusted for discrete items including changes to prior period estimates. In certain instances, the Company uses the discrete method when it believes the actual year-to-date effective rate provides a more reliable estimate of its income tax rate for the period. The estimated tax rate is revised, if necessary, at the end of each successive interim period to the Companys current annual estimated tax rate. For the three months ended June 30, 2026, the effective rate reflects a provision of 27.1% compared to a provision of 41.3% for the comparable period in the prior year. For the six months ended June 30, 2026, the effective rate reflects a provision of 38.1% compared to a provision of 34.5% for the comparable period in the prior year. The change in effective tax rate is primarily due to the smaller impact of discrete and permanent adjustments on pretax income. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"14. NOTES PAYABLE On June 30, 2026, RPC entered into an Amended and Restated Credit Agreement (the ""Credit Agreement), between RPC, the Lenders party thereto, the Subsidiary Loan Parties party thereto and Bank of America, N.A., as Administrative Agent, which amended and restated the original Credit Agreement. The Amended Credit Agreement, among other things, extends the maturity date for revolving loans from June 22, 2027, to June 30, 2031, and removes the SOFR Adjustment to pricing. There were no other material changes to the original Credit Agreement which provides for a line of credit of up to $100 million, including a $35 million letter of credit sub-facility, and a $35 million swingline sub-facility. The Credit Agreement covenants contain customary terms and conditions, including restrictions on indebtedness, dividend payments, business combinations and other related items, as well as providing for acceleration of amounts due upon the occurrence of certain specified events of default. The Credit Agreement also includes a full and unconditional guarantee by the Company's 100% owned domestic subsidiaries whose assets equal substantially all of the consolidated assets of the Company and its subsidiaries. Certain of the Companys minor subsidiaries are not guarantors. Additionally, the Credit Agreement permits the issuance of letters of credit in currencies other than U.S. dollars. Under the Credit Agreement, when RPCs trailing four quarter Adjusted EBITDA (as calculated un …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recently Issued Accounting Standards Update (ASU) Not Yet Adopted: ASU 2025-11: Interim Reporting (Topic 270): Narrow-Scope Improvements: This ASU updates existing guidance related to interim reporting. This amendment provides a comprehensive list of required interim disclosures and introduces a disclosure principle requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The provisions in this ASU are effective beginning in the first quarter of 2028. Early adoption is permitted on either a prospective or retrospective basis. The Company is currently assessing the potential impact of adoption of these provisions on the consolidated financial statements. ASU 2025-06 : Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software: This ASU updates existing guidance related to the capitalization of development costs for internal-use software. These amendments update the threshold required to start capitalizing software costs and remove references to a sequential software development method. The provisions in this ASU are effective beginning in the first quarter of 2028. Early adoption is permitted as of the beginning of an annual reporting period. The Company is currently assessing the potential impact of adoption of these provisions on the consolidated financial statements. ASU 2024-03: Income Statement (Topic 220): Disaggregation …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

4. REVENUES Accounting Policy: RPCs contract revenues are generated principally from providing oilfield services. These services are based on mutually agreed upon pricing with the customer prior to the services being delivered and, given the nature of the services, do not include the right of return. Pricing for these services is a function of rates based on the nature of the specific job, with consideration for the extent of equipment, labor, and consumables needed for the job. RPC typically satisfies its performance obligations over time as the services are performed. RPC records revenues based on the transaction price agreed upon with its customers. Sales tax charged to customers is presented on a net basis within the accompanying Consolidated Statements of Operations and therefore excluded from revenues. Nature of services: RPC provides a broad range of specialized oilfield services to independent and major oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States and in selected international markets. RPC manages its business as either (1) services offered on the well site with equipment and personnel (Technical Services) or (2) services and tools offered off the well site (Support Services). For more detailed information about the Companys operating segments, see Note titled Business Segment and Entity Wide Disclosures. Our contracts with customers are generally short-term in nature and generally …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

18. BUSINESS SEGMENT AND ENTITY WIDE DISCLOSURES RPCs reportable segments are the same as its operating segments. RPC manages its business under Technical Services and Support Services. Technical Services is comprised of service lines that generate revenue based on equipment, personnel or materials at the well site and are closely aligned with completion and production activities of our customers. Support Services is comprised of service lines which generate revenue from services and tools offered off the well site and are more closely aligned with the customers drilling activities. Selected overhead including certain centralized support services and regulatory compliance are classified as Corporate. Technical Services consists primarily of pressure pumping, downhole tools, wireline, coiled tubing, cementing, snubbing, nitrogen, well control and fishing. The services offered under Technical Services are high capital and personnel intensive businesses. The Company considers all of these services to be closely integrated oil and gas well servicing businesses and makes resource allocation and performance assessment decisions based on this operating segment as a whole across these various services. Support Services consist primarily of drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training services. The demand for these services tends to be influenced primarily by customer drilling-related activity levels. The accounting policies …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

17. CASH PAID FOR COMMON STOCK PURCHASED AND RETIRED The Company has a stock buyback program with authorization to repurchase up to 49,578,125 shares in the open market. During the three months ended June 30, 2026, there were no shares repurchased by the Company in the open market. As of June 30, 2026, there were 12,768,870 shares remaining available for repurchase. The program does not have a preset expiration date. Repurchases of shares of the Companys common stock may be made from time to time in the open market, by block purchases, in privately negotiated transactions or in such other manner as determined by the Company. The timing of the repurchases and the actual amount repurchased will depend on a variety of factors, including the market price of the Company's shares, general market and economic conditions, and other factors. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or discontinued at any time. Shares purchased for withholding taxes represent taxes due upon vesting of time-based restricted share awards granted to employees. Total share repurchases for each of the periods presented are detailed below: Six months ended June 30, 2026 Six months ended June 30, 2025 No. of Shares Avg. Price Total Cost No. of Shares Avg. Price Total Cost (in thousands except per share data) Shares purchased for withholding taxes 541 $ 6.38 $ 3,452 424 $ 6.76 $ 2,868 …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

19. SUBSEQUENT EVENT Dividends On July 28, 2026, the Board of Directors declared a regular quarterly cash dividend of $0.04 per share payable September 10, 2026, to common stockholders of record at the close of business on August 10, 2026. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing