RPC posts Q3 loss after wireline impairment while adjusted profit improves
RPC reported third-quarter 2026 revenue of $467.7 million for the period ended September 30, up 1% sequentially. Net loss was $41.9 million, including $74.5 million in non-cash charges tied to its Pintail wireline business. Adjusted net income reached $22.8 million, with adjusted diluted EPS of $0.10 and adjusted EBITDA of $71.5 million. The board approved a $0.04 per-share distribution for payment on December 10, 2026, to shareholders recorded on November 10, 2026.
Why it matters
The impairment reduces reported earnings and reflects pressure in RPC's wireline business, while adjusted measures show higher quarterly profitability. The declared distribution creates a scheduled cash payment for eligible shareholders.
Key facts
- 1RPC's third-quarter revenue was $467.7 million, representing a 1% sequential increase. prnewswire.com
- 2The company recorded a $41.9 million net loss and a $0.20 loss per share, compared with $12.1 million of net income in the prior quarter. prnewswire.com
- 3The Pintail wireline business generated $74.5 million of non-cash impairment charges, comprising $58.3 million for intangible assets and $16.2 million for property, plant and equipment. sec.gov
- 4Adjusted net income was $22.8 million, adjusted diluted EPS was $0.10, and adjusted EBITDA was $71.5 million. prnewswire.com
- 5RPC's board authorized a $0.04 quarterly dividend per share, payable on December 10, 2026, to holders of record at the close of business on November 10, 2026. prnewswire.com
- 6RPC's 2026 capital-expenditure guidance was $155 million to $175 million. fool.com
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.