RPC, Inc. Reports Q3 2026 Revenue Growth Amid Wireline Impairment Charges
RPC, Inc. (RES) reported third-quarter 2026 revenue of $467.7 million, a 1% sequential increase driven by strong performance in coiled tubing and snubbing services. Adjusted EBITDA rose 8% sequentially to $71.5 million, with margins expanding by 100 basis points to 15.3%. Despite these operational gains, the company recorded a significant quarterly net loss of $41.9 million. The loss was primarily driven by a $74.5 million noncash impairment charge related to its Pintail wireline business, following persistent pricing weakness and cost pressures in the Permian Basin. While technical services remain the core revenue driver, management noted challenges including labor tightening and macro volatility affecting long-term earnings expectations for certain segments.
Tickers: $RES
Topics: Adjusted EBITDA Capital Expenditures Guidance Noncash Impairment Charges Revenue Growth