RPC (NYSE:RES) Issues Quarterly Earnings Results, Hits Estimates

Posted by on Oct 29th, 2026

RPC (NYSE:RES – Get Free Report) issued its quarterly earnings data on Thursday. The oil and gas company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10, FiscalAI reports. The company had revenue of $467.74 million for the quarter, compared to analysts’ expectations of $469.12 million. RPC had a return on equity of 4.82% and a net margin of 1.28%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share.

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 Stock Performance

Shares of RES traded down $0.32 during trading hours on Thursday, reaching $6.42. 1,977,134 shares of the company traded hands, compared to its average volume of 2,066,574. RPC has a 12-month low of $4.99 and a 12-month high of $8.16. The stock has a market capitalization of $1.42 billion, a P/E ratio of 71.31 and a beta of 0.86. The company has a quick ratio of 2.76, a current ratio of 3.34 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $6.15 and a 200-day moving average price of $6.37.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RES. Susquehanna cut their price target on shares of RPC from $7.50 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings downgraded RPC from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $6.00.

View Our Latest Analysis on RES

More RPC News

Here are the key news stories impacting RPC this week:

  • Positive Sentiment: RPC declared its regular quarterly cash dividend of $0.04 per share, payable December 10 to shareholders of record on November 10. The dividend signals continued capital returns and is supported by $177.1 million in quarter-end cash. RPC Declares Regular Quarterly Cash Dividend
  • Positive Sentiment: Underlying operating performance was relatively stable: revenue reached $467.7 million, up 1% sequentially, while adjusted EBITDA was $71.5 million, representing a 15.3% margin. Technical Services revenue increased to $444.2 million and Support Services revenue rose to $23.5 million. RPC Reports Third-Quarter Results
  • Neutral Sentiment: Adjusted earnings were reported at approximately $0.10 per share, matching the consensus estimate in several reports; another estimate placed consensus at $0.09, implying a modest beat. Revenue was slightly below the $469.1 million consensus but increased 4.6% year over year. RPC Tops Q3 Earnings and Revenue Estimates
  • Negative Sentiment: RPC recorded a $41.9 million net loss, or $0.20 per diluted share, after recognizing a $74.5 million non-cash impairment related to Pintail, its wireline business. The charge raises concerns about the value and future performance of that operation and was the primary reason the headline results were viewed negatively by investors. RPC Q3 Results and Stock Reaction

About RPC

(Get Free Report)

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.

Read More

Earnings History for RPC (NYSE:RES)

Receive News & Ratings for RPC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC and related companies with MarketBeat.com's FREE daily email newsletter.