RPC Inc. 2026年季度报告

Indicate by check mark whether the registrant has submitted electronically, if any, every Interactive Data File requiredto be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes As of April 24, 2026, RPC,Inc. had 221,637,935 shares of common stock outstanding. Table of Contents Table of Contents RPC, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETSAS OF MARCH 31, 2026, AND DECEMBER 31, 2025 March31,December31,20262025ASSETS(Unaudited)(Note 1)Cash and cash equivalents$200,730$209,974Accounts receivable, net374,693327,668Inventories120,375119,004Income taxes receivable1,7016,302Prepaid expenses14,16418,307 RPC, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONSFOR THE THREE MONTHS ENDED MARCH 31, 2026, AND 2025 RPC, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEFOR THE THREE MONTHS ENDED MARCH 31, 2026, AND 2025 RPC, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITYFOR THE THREE MONTHS ENDED MARCH 31, 2026, AND 2025 RPC, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE THREE MONTHS ENDED MARCH 31, 2026, AND 2025 RPC,INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1.GENERAL The accompanying unaudited consolidated financial statements include the accounts of RPC,Inc. and itswholly-owned subsidiaries (“RPC” or “the Company”) and have been prepared in accordance with accountingprinciples generally accepted in the United States of America for interim financial information and with theinstructions to Form10-Q and Article10 of Regulation S-X. Accordingly, they do not include all of theinformation and footnotes required by accounting principles generally accepted in the United States for complete In the opinion of management, all adjustments (including normal recurring accruals) considered necessary fora fair presentation have been included. Operating results for the three months ended March 31, 2026, are not The balance sheet at December 31, 2025, has been derived from the audited financial statements at that datebut does not include all of the information and footnotes required by accounting principles generally accepted inthe United States of America for complete financial statements. For further information, refer to the consolidated A group that includes Amy R. Kreisler and Timothy C. Rollins, each of whom is a director of the Company,certain of their family members, and certain companies under their and/or their family members’ control, controls 2. RECENT ACCOUNTING STANDARDS Recently Issued Accounting Standards Update (ASU) Not Yet Adopted: ASU 2025-11:Interim Reporting (Topic 270): Narrow-Scope Improvements:This ASU updates existingguidance related to interim reporting. This amendment provides a comprehensive list of required interimdisclosures and introduces a disclosure principle requiring entities to disclose events since the end of the lastannual reporting period that have a material impact on the entity. The provisions in this ASU are effective ASU 2025-06: Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): TargetedImprovements to the Accounting for Internal-Use Software:This ASU updates existing guidance related to thecapitalization of development costs for internal-use software. These amendments update the threshold required tostart capitalizing software costs and remove references to a sequential software development method. The ASU 2024-03:Income Statement (Topic 220): Disaggregation of Income Statement Expenses:Theamendments in this ASU require public companies to disclose, in interim and reporting periods, additionalinformation about certain expenses in the financial statements. These disclosures are effective beginning with2027 annual reports, and interim reports beginning with the first quarter of 2028. Early adoption is permitted on 3. ACQUISITION During the second quarter of 2025, RPC, through its wholly owned subsidiary, Thru Tubing Solutions, Inc.,completed its previously announced acquisition of Pintail Alternative Energy, L.L.C. ("Pintail”). The acquisitionwas accounted for as a business combination using the acquisition method of accounting in accordance with ASC805, Business Combinations primarily using Level 3 inputs. T