Earnings Releases·Oct 29, 2026, 6:45 AM ET

RPC, Inc. — Third Quarter 2026 Earnings Summary

**Financial Results:** Revenues rose 1% sequentially to $467.7 million; while GAAP net loss widened to $41.9 million due to a $74.5 million non-cash impairment charge in the Pintail wireline business, adjusted net income increased 28% to $22.8 million and adjusted EBITDA rose 8% to $71.5 million.
**Segment Performance:** Technical Services revenue grew 1% sequentially driven by double-digit gains in Coiled Tubing, Nitrogen, and Snubbing, while Support Services revenue increased 3% led by Patterson Rental Tools; the impairment charge was entirely isolated to the Technical Services segment.
**Capital Returns & Balance Sheet:** The Board declared a $0.04 per share quarterly dividend payable in Q4 2026, while the company reported $115.7 million in net cash from operating activities year-to-date and maintained zero outstanding borrowings on its $100 million revolving credit facility.
**Outlook & Guidance:** Management cites improved drilling activity and supportive oil prices as catalysts for higher customer activity, though inflationary pressures on labor and fuel persist alongside risks of further Pintail impairments if pricing weakness continues.