RPC posts quarterly loss after $74.5 million Pintail impairment
RPC reported third-quarter revenue of 467.7 million dollars on 29 October, up 1% from the preceding quarter.
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RPC reported third-quarter revenue of 467.7 million dollars on 29 October, up 1% from the preceding quarter. The oilfield-services company’s unaudited results cover the quarter ended 30 September 2026, and its headline comparisons are sequential.
The reported net loss was 41.9 million dollars, or 0.20 dollars per share, compared with net income of 12.1 million dollars in the second quarter. Results included 74.5 million dollars of non-cash impairment charges at the Pintail wireline business, linked to pricing weakness, lower activity and cost pressure.
Adjusted net income was 22.8 million dollars, compared with 17.8 million dollars in the previous quarter, while adjusted EBITDA rose to 71.5 million dollars from 66 million dollars. The board declared a 0.04-dollar quarterly dividend payable on 10 December to holders of record on 10 November. Adjusted measures should be read separately from the reported loss and its impairment charges.
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Publication of the official announcement on 29 October 2026.
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RPC posts quarterly loss after $74.5 million Pintail impairment
RPC reported third-quarter revenue of 467.7 million dollars on 29 October, up 1% from the preceding quarter. The oilfield-services company’s unaudited results cover the quarter ended 30 September 2026, and its headline comparisons are sequential.
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