Monitor the trajectory of the Pintail wireline business for further impairment risk and the impact of cost pressures on margins. The sequential improvement in adjusted EBITDA and margin suggests underlying operational trends are stabilizing, but the impairment highlights persistent pricing weakness in wireline.
Price Chart
Executive Summary
RPC reported Q3 2026 adjusted EPS of $0.10, in line with the $0.10 consensus, on revenue of $467.7M, slightly below the $471.4M consensus. The quarter included a $74.5M non-cash impairment charge on the Pintail wireline business, driving a GAAP net loss of $41.9M. Adjusted EBITDA rose 8% sequentially to $71.5M with margin expanding 100 bps to 15.3%.
Key Financial Metrics
Key Facts
- Adjusted EPS of $0.10 matched consensus of $0.10.
- Revenue of $467.7M was 0.8% below the $471.4M consensus.
- GAAP net loss of $41.9M ($0.20 per share) due to $74.5M non-cash impairment of Pintail wireline assets.
- Adjusted net income was $22.8M, up from $17.8M in Q2 2026.
- Adjusted EBITDA of $71.5M, up 8% sequentially; margin improved to 15.3% from 14.3%.
- Revenue grew 1% sequentially to $467.7M, driven by strength in Coiled Tubing, Nitrogen and Snubbing.
- Board declared a regular quarterly dividend of $0.04 per share.
- Year-to-date free cash flow was $5.0M, down from $21.7M in the prior year period.
- Cash and equivalents stood at $177.1M with no borrowings under the $100M revolver.
Financial Impact
Adjusted EPS in line; revenue slightly below consensus; $74.5M non-cash impairment; adjusted EBITDA up 8% sequentially.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Technical Services | $444.2M | +1.4% |
| Support Services | $23.5M | +3.3% |
Risk Factors
- Further impairment charges if Pintail pricing and activity remain weak.
- Inflationary cost pressures on labor, trucking and fuel.
- Revenue slightly below consensus may weigh on near-term sentiment.
- Year-to-date free cash flow declined significantly versus prior year.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302922805 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 29, 2026 3d ago | Press Release | $6.38 | awaiting T+60 | awaiting T+60 | $6.17 (−3.29%) |
Jul 30, 2026 13w ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Jul 30, 2026 13w ago | Press Release | $5.42 $6.25 | ▲ +15.31% | ▲ +12.85% | $6.17 (+13.84%) |
Jun 23, 2026 18w ago | 8-K | $5.72 $5.93 | ▲ +3.67% | ▲ +0.83% | $6.17 (+7.87%) |
Jun 11, 2026 20w ago | Institutional Cluster | $7.07 $6.50 | ▼ −8.06% | ▼ −12.46% | $6.17 (−12.73%) |
May 7, 2026 25w ago | 8-K | $7.09 $5.76 | ▲ +18.74% | ▲ +22.57% | $6.17 (+12.95%) |
Apr 28, 2026 26w ago | 8-K | $7.86 $5.61 | ▼ −28.66% | ▼ −32.77% | $6.17 (−21.54%) |
Apr 13, 2026 28w ago | DEFA14A | $6.72 $5.63 | ▼ −16.22% | ▼ −25.15% | $6.17 (−8.19%) |
Mar 18, 2026 32w ago | DEFA14A | $6.96 $7.07 | ▲ +1.60% | ▼ −9.93% | $6.17 (−11.34%) |
US Market Status
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