RPC, Inc. (RES) reported unaudited second-quarter 2026 revenue of $460.9 million, up 1% sequentially, for the quarter ended June 30, 2026. Net income was $12.1 million, compared with $0.9 million in the prior quarter, and diluted earnings per share was $0.05.
The company said Technical Services revenue rose 1% sequentially, while Support Services revenue increased 11%. RPC also declared a regular quarterly cash dividend of $0.04 per share, payable Sept. 10, 2026, to stockholders of record as of Aug. 10, 2026.
- Second-quarter revenue was $460.9 million, compared with $454.8 million in the first quarter.
- Net income margin increased 240 basis points sequentially to 2.6%.
- Technical Services revenue was $438.1 million, up 1% sequentially.
- Support Services revenue was $22.8 million, up 11% sequentially.
- Cash and cash equivalents were $179.5 million at quarter-end.
- The company had no outstanding borrowings under its $100 million revolving credit facility during the quarter.
$RES Hedge Fund Activity
We have seen 100 institutional investors add shares of $RES stock to their portfolio, and 91 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA INVESTMENTS, LP added 1,712,509 shares (+217.0%) to their portfolio in Q1 2026, for an estimated $12,124,563
- SIR CAPITAL MANAGEMENT, L.P. added 1,596,443 shares (+inf%) to their portfolio in Q1 2026, for an estimated $11,302,816
- CAROLINA WEALTH ADVISORS, LLC removed 1,252,201 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $8,865,583
- GOLDMAN SACHS GROUP INC removed 1,169,823 shares (-62.1%) from their portfolio in Q1 2026, for an estimated $8,282,346
- VAN ECK ASSOCIATES CORP added 953,070 shares (+38.0%) to their portfolio in Q1 2026, for an estimated $6,747,735
- DIMENSIONAL FUND ADVISORS LP added 883,118 shares (+7.6%) to their portfolio in Q1 2026, for an estimated $6,252,475
- RENAISSANCE TECHNOLOGIES LLC removed 796,119 shares (-76.1%) from their portfolio in Q1 2026, for an estimated $5,636,522
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
