RPC Q3 2026 swings to net loss of $41.93 million from year-earlier profit
Bitget2026/10/29 10:50- RPC swung to a third-quarter 2026 net loss of $41.93 million from a profit in the previous quarter.
- Non-cash impairment charges totaled $74.46 million, tied to Pintail's persistent pricing weakness, lower activity and cost pressure.
- Revenues rose to $467.74 million from the previous quarter, with growth in Coiled Tubing, Nitrogen and Snubbing partially offset by weaker Wireline.
- Management reported improving drilling and completion activity during 2026, while labor, trucking and fuel costs continued to pressure operations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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