RPC Inc 2026年季度报告

FORM10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________Commission File No.001-08726 RPC,INC.(Exact name of registrant as specified in its charter) 2801 Buford Highway, Suite 300, Atlanta, Georgia 30329(Address of principal executive offices)(Zip code)(404) 321-2140(Registrant’s telephone number, including area code) Securities Registered under Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the Registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90days. Yes☒No☐ 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 (orfor such shorter period that the registrant was required to submit such files). Yes☒No☐ 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 theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of April 24, 2026, RPC,Inc. had 221,637,935 shares of common stock outstanding. RPC,INC. AND SUBSIDIARIESTable of Contents PartI. Financial InformationItem1.Financial Statements (Unaudited)Consolidated Balance Sheets– As of March 31, 2026, and December 31, 20253Consolidated Statements of Operations– For the three months ended March 31, 2026, and20254Consolidated Statements of Comprehensive Income – For the three months ended March 31,2026, and 20255Consolidated Statements of Stockholders’ Equity– For the three months ended March 31,2026, and 20256Consolidated Statements of Cash Flows– For the three months ended March 31, 2026, and20257Notes to Consolidated Financial Statements8 –19Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20 – 28Item3.Quantitative and Qualitative Disclosures about Market Risk28Item4.Controls and Procedures28PartII. Other InformationItem1.Legal Proceedings30Item1A. Risk Factors30Item2.Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of EquitySecurities30Item3.Defaults upon Senior Securities31Item4.Mine Safety Disclosures31Item 5.Other Information31Item6.Exhibits31Signatures32 Table of Contents RPC, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETSAS OF MARCH 31, 2026, AND DECEMBER 31, 2025(In thousands, except share and par value data) March31,December31,20262025ASSETS(Unaudited)(Note 1)Cash and cash equivalents$200,730$209,974Accounts receivable, net374,693327,668Inventories120,375119,004Income taxes receivable1,7016,302Prepaid expenses14,16418,307Other current assets23,10923,215Total current assets734,772704,470Property, plant and equipment, net521,206531,556Operating lease right-of-use assets22,20924,094Finance lease right-of-use assets1,9081,934Goodwill81,24983,422Other intangibles, net96,74297,499Other assets22,87225,410Total assets$1,480,958$1,468,385 LIABILITIES AND STOCKHOLDERS’ EQUITYLIABILITIES Accounts payable$160,765$119,757Accrued payroll and related expenses26,95538,636Accrued insurance expenses8,4387,194Accrued state, local and other taxes5,1013,543Income taxes payable881787Unearned revenue—13,233Current portion of operating lease liabilities6,4087,606Current portion of finance lease liabilities and finance obligations1,018977Current portion of notes payable20,00020,000Accrued expenses and other liabilities5,3975,419Total current liabilities234,963217,152Accrued insurance expenses16,13415,570Notes payable30,00030,000Operating lease liabilities16,31417,762Finance lease liabilities9701,041Other long-term liabilities10,93710,814Deferred income taxes75,33876,875Total liabilities384,656369,214Commitments and contingencies (Note 13) RPC, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONSFOR THE THREE MONTHS ENDED MARCH 31, 2026, AND 2025(In thousands except per share data)(Unaudited) The accompanying notes are an integral part of these consolidated financial statements. Table of Contents RPC, INC. AND SUBSIDIARIES CONSOLIDATED STAT