RPC Announces Q3 Results: Non-GAAP EPS Meets Expectations Amid Revenue Miss
RPC reported third-quarter financial results featuring a Non-GAAP earnings per share (EPS) of $0.10, which aligned with market expectations. However, the company's revenue of $467.7 million fell short of estimates by approximately $3.7 million, despite representing a 4.6% increase year-over-year and a $6.9 million sequential improvement. Performance across segments was mixed. The Technical Services segment saw a $6.1 million sequential revenue increase driven by Coiled Tubing, Nitrogen, and Snubbing, though these gains were partially offset by declining Wireline revenues. Meanwhile, the Support Services segment grew by 3%, bolstered primarily by increased demand for Rental Tools.
Tickers: $RES
Topics: earnings report EPS in-line revenue miss segment performance