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RPC reports Q3 loss of $41.9M due to $74.5M impairment, but adjusted earnings and revenues rise.

Company Fundamentals
29 Oct 2026, 13:45 WIB
PRNewsWire
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Neutral
RPC reports Q3 loss of $41.9M due to $74.5M impairment, but adjusted earnings and revenues rise.

RPC, Inc. reported a net loss of $41.9 million in Q3 2026, primarily due to a $74.5 million non-cash impairment charge related to its Pintail wireline business. Despite this, revenues increased 1% sequentially to $467.7 million, and adjusted net income rose to $22.8 million, reflecting improved profitability in other service lines. The company declared a quarterly dividend and highlighted ongoing cost pressures amid a competitive oilfield services market. Management remains optimistic about leveraging its diversified offerings and strong balance sheet to navigate market conditions and pursue growth opportunities.

RPC, Inc.'s Q3 2026 financial results provide context for energy market watchers. For readers following the energy sector, here is Pluang's market snapshot as of Oct 29, 2026 14:41 WIB: Among 79 priced US energy stocks, 51 rose and 23 fell today. Notable movers include RIG (Transocean Ltd) at USD 6.80 with a 1-day change of +1.34% and Pluang order activity showing 79% Sell / 21% Buy, UUUU (Energy Fuels Inc Ordinary Shares) at USD 8.28 down 1.31%, and XOM (Exxon Mobil Corporation) at USD 184.39 up 1.30% with 10% Sell / 90% Buy order activity and a typical hold time of 100 days on Pluang.

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