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Susquehanna Maintains Neutral on RPC, Lowers Price Target to $6

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  1. SEC EDGAR

    8-K filing — RPC INC (RES)

    Filed: 2026-09-08 AccNo: 0001104659-26-105928 Size: 142 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

    RES
  2. Na

    $1.65B SOCAR Deal & $450M JV Strengthen CRK's Financials & Growth

    Comstock Resources (CRK) has announced a $1.65 billion strategic partnership with Azerbaijan's SOCAR and a $450 million drilling joint venture with Jerry Jones. The deals will reduce pro forma net debt from $3.1 billion to $1.5 billion, provide LNG marketing capabilities, and fund drilling of 27 wells in the Haynesville while CRK retains operational control. The SOCAR transaction is expected to close by year-end 2026.

    CRKDTIRESOII
  3. Motley Fool Transcribing

    RPC (RES) Q2 2026 Earnings Call Transcript

    RPC Inc. reported Q2 2026 sequential revenue growth of 1% to $461 million with adjusted EBITDA margin expansion of 250 basis points to 14.3%, driven by strong execution in downhole tools and coiled tubing services. However, wireline revenues declined 16% due to competitive pricing pressures and customer activity reductions. The company raised 2026 capital expenditure guidance to $170-190 million and announced CEO Ben Palmer's retirement by year-end after 30 years with the company. Management remains cautious on near-term activity levels despite supportive oil prices, citing geopolitical uncertainty affecting operator investment decisions.

    RES