RPC (NYSE:RES) Announces Earnings Results

RPC (NYSE:RES) posted its earnings results on Thursday. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10, FiscalAI reports. RPC had a negative net margin of 1.77% and a positive return on equity of 5.26%. The firm had revenue of $467.74 million during the quarter, compared to analyst estimates of $469.12 million. During the same period in the previous year, the business posted $0.09 EPS. RPC’s revenue was up 4.6% on a year-over-year basis.

Here are the key takeaways from RPC’s conference call:

• RPC reported 1% sequential revenue growth to $468 million, while adjusted EBITDA increased to $71.5 million and margins expanded 100 basis points to 15.3%, supported by operational execution, cost leverage, technology adoption and favorable service-line mix.
• Coiled tubing revenue rose 20% sequentially and snubbing revenue increased 12%, while Thru Tubing Solutions continued gaining traction with its MetalMax technology and recorded depth records in the Bakken and Montney formations.
• Wireline revenue declined 8% sequentially amid persistent pricing weakness and cost pressure, leading to a $74.5 million non-cash impairment charge and reduced long-term earnings expectations for Pintail Wireline.
• Management is cautiously optimistic about 2027 activity and commodity prices but expects normal fourth-quarter seasonality, ongoing macro uncertainty and labor-cost pressure; additional pressure-pumping capacity will remain idle until pricing improves or customers provide firm commitments.
• RPC ended the quarter with approximately $177 million in cash, only $30 million of notes payable and no revolver borrowings, maintaining financial flexibility while projecting 2026 capital expenditures of $155 million to $175 million and an unchanged $0.04-per-share dividend.

RPC Price Performance

Shares of RPC stock traded down $0.21 on Friday, hitting $6.17. The company had a trading volume of 2,904,324 shares, compared to its average volume of 2,454,613. The business has a 50-day simple moving average of $6.15 and a 200-day simple moving average of $6.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.52 and a quick ratio of 2.76. The company has a market cap of $1.37 billion, a PE ratio of -36.29 and a beta of 0.86. RPC has a 52 week low of $4.99 and a 52 week high of $8.16.

RPC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.16 annualized dividend and a dividend yield of 2.6%. RPC’s dividend payout ratio (DPR) is -94.12%.

More RPC News

Here are the key news stories impacting RPC this week:

• Positive Sentiment: RPC reported third-quarter revenue of $467.7 million, up approximately 1% sequentially and 4.6% year over year. Adjusted EBITDA was $71.5 million, with a 15.3% margin, while Technical Services and Support Services revenue both increased. RPC Third-Quarter Financial Results
• Positive Sentiment: The company declared a regular quarterly dividend of $0.04 per share, payable December 10 to shareholders of record on November 10. The annualized payout is $0.16 per share, representing a yield of roughly 2.5% based on the reported share price. RPC Dividend Announcement
• Neutral Sentiment: Adjusted earnings were reported at $0.10 per share, broadly in line with analyst expectations, although revenue of $467.7 million was slightly below the $469.1 million consensus estimate. The results showed modest growth but did not provide a major upside surprise. RPC Q3 Earnings Report
• Negative Sentiment: RPC recorded a $41.9 million net loss, or $0.20 per diluted share, after taking a $74.5 million non-cash impairment charge tied to its Pintail wireline business. Although the charge does not directly reduce cash, it signals weaker asset values and is the primary reason for the negative market reaction. RPC Pintail Impairment Report

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RES shares. Susquehanna cut their price target on RPC from $7.50 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Evercore lowered RPC to an “outperform” rating in a report on Friday. Finally, Weiss Ratings cut RPC from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.00.

About RPC

RPC, Inc (NYSE: RES) is an oilfield services company that provides specialized equipment and services to energy producers and exploration and production companies. Its offerings support the drilling, completion, production and maintenance of oil and natural gas wells.

The company’s services include pressure pumping, coiled tubing, well control, nitrogen services, downhole tools, well testing, fishing and rental equipment. These services are used in activities such as hydraulic fracturing, well intervention, workover operations and production enhancement.

RPC was founded in 1984 and is headquartered in Atlanta, Georgia.