Table of Contents Commission File No. 1-8726 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 RPC, INC. (Exact name of registrant as specified in its charter) Delaware 58-1550825 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 2801 Buford Highway, Suite 300, Atlanta, Georgia 30329 (Add ...

Financial Data and Key Metrics Changes - Revenues for Q3 2021 increased to $225.3 million from $116.6 million in Q3 2020, primarily due to higher activity levels and improved pricing [11] - Operating profit for Q3 2021 was $8 million compared to an operating loss of $31.8 million in the same quarter of the prior year [11] - EBITDA for Q3 2021 was $26.5 million, a significant improvement from negative $12.3 million in Q3 2020 [12] - Diluted earnings per share for Q3 2021 were $0.02, compared to a loss of $0.08 per share in the same quarter of the prior year [12] - Cost of revenues was $170.6 million or 75.7% of revenues in Q3 2021, down from 86.5% in Q3 2020 [13] Business Line Data and Key Metrics Changes - Technical Services segment revenues for Q3 2021 were $211.8 million, up from $109.3 million in the same quarter last year, with an operating profit of $8.3 million compared to a $24.9 million operating loss in Q3 2020 [16] - Support Services segment revenues increased to $13.5 million from $7.3 million in the same quarter last year, with an operating loss of $55,000 compared to a $3.8 million loss in Q3 2020 [17] Market Data and Key Metrics Changes - RPC's revenues increased 19.4% sequentially from $188.8 million in the prior quarter to $225.3 million in Q3 2021, driven by activity increases across all service lines [18] - Cost of revenues increased 17% sequentially to $170.6 million from $145.8 million in the prior quarter, with a slight decrease in the cost of revenues as a percentage of revenues from 77.2% to 75.7% [19] Company Strategy and Development Direction - The company is focusing on enhancing its pressure pumping fleet and has added a Tier 4 dual fuel fleet, aiming to optimize fuel burn and minimize emissions [23] - RPC is strategically positioning itself to capitalize on the improving market conditions and is optimistic about the fourth quarter and 2022 despite potential supply chain constraints [27][28] Management's Comments on Operating Environment and Future Outlook - Management noted that exploration and production companies are responding positively to higher commodity prices, leading to increased demand for RPC's services [7] - The company is monitoring challenges such as supply chain issues and cost increases but remains optimistic about its financial strength and competitive position [29] Other Important Information - Capital expenditures for Q3 2021 were $19 million, with an estimated total of approximately $65 million for the full year, focusing on maintenance and growth opportunities [25] - RPC ended Q3 2021 with a cash balance of approximately $81 million and remains debt-free [29] Q&A Session Summary Question: Insights on pressure pumping side and 2022 outlook - Management is seeing improvements in pressure pumping and is in the bidding season, hoping for pricing improvements and strong activity levels in 2022 [31][32] Question: Utilization and pricing trends for Tier 4 DGB fleet - There is a bifurcation in customer preferences for ESG-friendly equipment, and both older and newer equipment will have a market [33] Question: Product line revenue breakdown - Pressure pumping accounted for 42.8% of consolidated revenue, followed by downhole tools at 27.5%, and coiled tubing at 11.9% [34] Question: Plans for additional Tier 4 fleets - The company expects to have 8 active fleets in Q4 but has no current plans for additional orders [37][38] Question: Market dynamics and competitive bidding - There are fewer companies bidding, but idle equipment remains, keeping the competitive nature of pricing intact [41] Question: Leasing arrangement for the new fleet - The balloon payment for the new fleet is approximately $17 million after a year, and the leasing arrangement is not expected to become a trend in the industry [44] Question: Pricing negotiations and contract renewals - Pricing increases are being negotiated for both immediate and upcoming contracts, with expectations for more adjustments in January [49] Question: Incremental margins outlook for 2022 - Management anticipates that incremental margins will improve in 2022 compared to 2021, but cost increases may impact expectations [51] Question: Investment justification for new assets - There is currently no clear vision for returns on new investments, but the company is working on a roadmap to establish targets [52][55] Question: Upgrades to Tier 4 DGB - Upgrades to Tier 4 DGB are being evaluated as part of the company's roadmap, with potential for future investments [60]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 Commission File No. 1-8726 RPC, INC. (Exact name of registrant as specified in its charter) organization) (I.R.S. Employer Identification Number) Delaware 58-1550825 (State or other jurisdiction of incorporation or 2801 Buford Highway, Suite 300, Atlanta, Georgia 30329 (Address ...

Financial Data and Key Metrics Changes - In Q2 2021, revenues increased to $188.8 million from $89.3 million in Q2 2020, primarily due to higher activity levels and improved pricing [10] - EBITDA for Q2 2021 was $17.3 million compared to an adjusted EBITDA of negative $17.8 million in the same period of the prior year [11] - Adjusted loss per share improved to near breakeven in Q2 2021 from an adjusted loss per share of $0.10 in Q2 2020 [11] Business Line Data and Key Metrics Changes - Technical services segment revenues increased by 118.7% compared to the same quarter in the prior year, driven by significantly higher activity and pricing improvements [14] - Support services segment revenues increased by 44.1% year-over-year, but the operating loss widened to $2.4 million from $1.9 million in the prior year [15] - Sequentially, revenues increased by 3.4% from $182.6 million in the prior quarter, with cost of revenues as a percentage of revenues decreasing from 80.1% to 77.2% [16][12] Market Data and Key Metrics Changes - The company noted increased demand for services and a full calendar for most of Q3, indicating a positive market outlook [8] - Customer activity was impacted in June due to job delays and heavy rains in the Permian, but July showed signs of improvement [8] Company Strategy and Development Direction - The company is optimistic about achieving net pricing improvements as market conditions tighten and activity increases [22] - The focus remains on ESG-friendly equipment, which is in high demand, and the company expects to see pricing power in this area first [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the third quarter's performance, with indications of increased drilling and completion plans from customers [22] - The company remains cautious but hopeful about pricing improvements by the end of the year [27] Other Important Information - Capital expenditures for Q2 2021 were $14.1 million, with an estimated full-year capital expenditure of approximately $65 million [20] - The company ended Q2 2021 with a cash balance of $121 million and remains debt-free [23] Q&A Session Summary Question: Is third quarter top line book up double-digits? - Management indicated that it is very much a possibility [25] Question: What was the Cares Act benefit for Q2 margins? - The overall benefit was just under $4 million, with about $3.4 million in technical services [26] Question: Will net pricing improvement be seen by the end of this year? - Management is hopeful for pricing improvement as the market tightens [27] Question: Can you break down the revenue within technical services? - Pressure pumping accounts for 38.2% of consolidated revenues, followed by through tubing solutions at 31.2% [31] Question: What is the margin profile with the deployment of an additional fleet? - The additional fleet will enhance the bottom line, but margin percent is harder to predict [32] Question: What are the concerns regarding labor and COVID? - The company has a plan in place to manage labor and COVID-related issues, which has been effective so far [41][44] Question: What operational delays impacted pressure pumping in Q2? - Delays were due to heavy rain and job pushes, leading to lower utilization [50] Question: How is pricing for different assets within pressure pumping? - ESG-friendly equipment can achieve decent utilization at current pricing, but premium pricing is not yet available [62]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 Commission File No. 1-8726 RPC, INC. (Exact name of registrant as specified in its charter) Delaware 58-1550825 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 2801 Buford Highway, Suite 300, Atlanta, Georgia 30329 (Address ...

RPC, Inc. (NYSE:RES) Q1 2021 Earnings Conference Call April 28, 2021 9:00 AM ET Company Participants Jim Landers - Vice President, Corporate Services Rick Hubbell - President and Chief Executive Officer Ben Palmer - Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel Operator Good morning and thank you for joining us for RPC, Inc.'s First Quarter 2021 Financial Earnings Conference Call. Today's call will be hosted by Rick Hubbell, President and CEO and Ben Palmer, Chief Financial ...

☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 Commission File No. 1-8726 RPC, INC. Delaware (State of Incorporation) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) 58-1550825 (I.R.S. Employer Identification No.) 2801 BUFORD HIGHWAY NE, SUITE 300 ATLANTA, GEORGIA 30329 (404) 321-2140 | Secu ...

RPC, Inc. (NYSE:RES) Q4 2020 Earnings Conference Call January 27, 2021 9:00 AM ET Company Participants Jim Landers - Vice President, Corporate Services Rick Hubbell - President and Chief Executive Officer Ben Palmer - Chief Financial Officer Conference Call Participants Chris Voie - Wells Fargo Securities Stephen Gengaro - Stifel Connor Lynagh - Morgan Stanley Taylor Zurcher - Tudor, Pickering, Holt John Daniel - Daniel Energy Partners Blake Gendron - Wolfe Research Waqar Syed - ATB Capital Markets Operator ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ☐ For the quarterly period ended September 30, 2020 Commission File No. 1-8726 RPC, INC. (Exact name of registrant as specified in its charter) Delaware 58-1550825 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 2801 Buford Highway, Suite 300, Atlanta, Georgia 30329 ...

RPC, Inc. (NYSE:RES) Q3 2020 Earnings Conference Call October 28, 2020 9:00 AM ET Company Participants Jim Landers - Vice President, Corporate Services Rick Hubbell - President & Chief Executive Officer Ben Palmer - Chief Financial Officer Conference Call Participants Ian MacPherson - Simmons Chris Voie - Wells Fargo Stephen Gengaro - Stifel Jacob Lundberg - Credit Suisse Connor Lynagh - Morgan Stanley Taylor Zurcher - Tudor, Pickering, Holt Blake Gendron - Wolfe Research John Daniel - Daniel Energy Partner ...