GET DAILY SIGNALSRPC, Inc. (RES) Reports +4.6% Revenue Growth in Q3 Despite Net Loss
Key Takeaways
- RPC reported third-quarter 2026 revenue of $467.7 million, up 1% sequentially and 4.6% from the year-ago period.
- The company posted a net loss of $41.9 million, or $0.20 per diluted share, driven by a $74.5 million non-cash impairment charge tied to its Pintail wireline business.
- Adjusted (non-GAAP) earnings per share came in at $0.10, in line with analyst consensus, while adjusted EBITDA reached $71.5 million.
- Adjusted EBITDA margin expanded 100 basis points sequentially to 15.3%.
- The board declared a regular quarterly cash dividend of $0.04 per share, payable December 10, 2026.
- RPC ended the quarter with $177.1 million in cash and no outstanding borrowings on its revolving credit facility.
Earnings Context and Why It Matters
RES operates as a diversified oilfield services provider serving exploration and production companies across major U.S. basins. Its quarterly results serve as a useful indicator of drilling and completion activity, which is why energy investors follow them closely. The company has focused on expanding less capital-intensive service lines while navigating a difficult pricing environment. This quarter stands out because management took a large non-cash impairment on its Pintail wireline business, highlighting ongoing pricing pressure. At the same time, core operations showed steady sequential gains, with several lines posting double-digit growth. The report provides insight into how RES is managing cyclical challenges through diversification and a solid balance sheet. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Reported Results
For the third quarter ended September 30, 2026, total revenue reached $467.7 million, reflecting a 1% increase from the second quarter and a 4.6% rise year over year. Technical Services, which accounted for about 95% of revenue, grew 1% sequentially to $444.2 million, while Support Services revenue rose 3% to $23.5 million.
The company recorded a net loss of $41.9 million, or $0.20 per diluted share, versus net income of $13.0 million, or $0.06 per share, in the prior-year period. The loss was primarily due to the $74.5 million non-cash impairment on the Pintail wireline business. Adjusted diluted earnings per share were $0.10, matching analyst consensus estimates.
Adjusted EBITDA increased to $71.5 million from $66.0 million in the previous quarter, and the adjusted EBITDA margin improved by 100 basis points to 15.3%. Performance varied by service line: coiled tubing revenue rose about 20% sequentially, snubbing increased 12%, and pressure pumping grew 3%, while wireline revenue fell 8%. Operating cash flow was $41 million, and after $40 million in capital expenditures, free cash flow came in at roughly $1 million.
Market Reaction and Investor Sentiment
The third-quarter results aligned with expectations on an adjusted basis, yet the headline net loss and the sizable Pintail impairment weighed on sentiment. Shares declined after the announcement as investors expressed concern about the long-term earnings power of the wireline business amid persistent pricing weakness. The market also sought clearer evidence of a broad pricing recovery across completion services. Management noted pockets of strength, including double-digit growth in coiled tubing and snubbing, which may have softened the reaction somewhat. Overall, the response indicates investors are paying closer attention to the impairment’s implications for asset values and future earnings than to adjusted profitability alone.
Forward Outlook and Key Factors to Monitor
Looking ahead, management anticipates normal year-end seasonality will affect activity in several service lines during the fourth quarter, with customer schedules likely to stay fluid through the holidays. Investors will want to monitor whether this seasonal slowdown turns out milder than in recent years, based on some early scheduling signals.
Pricing remains a key focus. RES has indicated it will not reactivate additional pressure pumping capacity until returns improve and customers provide firmer commitments. The speed at which pricing firmness extends beyond a few service lines will influence future margin expansion.
The Pintail impairment will reduce future depreciation and amortization by roughly $3 million per quarter. Meanwhile, the planned capital spending range of $170 million to $190 million for full-year 2026 reflects a disciplined, return-focused strategy rather than aggressive growth.
Broader oil and gas activity levels, E&P capital budgets, and commodity-price volatility will also be important to watch, as these factors directly affect demand for completion and production services. The company’s strong cash position and modest debt provide flexibility, though sustained earnings recovery will hinge on a more constructive oilfield services environment.
Using Tickeron Tools in My Research
I frequently rely on Tickeron’s AI Screener when analyzing stocks like this one. The tool helps filter opportunities based on technical patterns, fundamentals, and AI-driven signals, allowing me to compare RES against peers more efficiently and identify potential trade ideas without spending hours on manual screening.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
RES in upward trend: 10-day moving average broke above 50-day moving average on October 26, 2026
The 10-day moving average for RES crossed bullishly above the 50-day moving average on October 26, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 17 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 02, 2026. You may want to consider a long position or call options on RES as a result. In 65 of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 79%.
The Moving Average Convergence Divergence (MACD) for RES just turned positive on October 05, 2026. Looking at past instances where RES's MACD turned positive, the stock continued to rise in 36 of 46 cases over the following month. The odds of a continued upward trend are 78%.
RES moved above its 50-day moving average on October 23, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +5.49% 3-day Advance, the price is estimated to grow further. Considering data from situations where RES advanced for three days, in 213 of 288 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
The Aroon Indicator entered an Uptrend today. In 154 of 213 cases where RES Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 72%.
Bearish Trend Analysis
The 10-day RSI Indicator for RES moved out of overbought territory on October 29, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In 30 of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at 90%.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RES declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
RES broke above its upper Bollinger Band on October 27, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 3 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 39 (best 1 - 100 worst), indicating steady price growth. RES’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 70 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.275) is normal, around the industry mean (1.629). P/E Ratio (58.000) is within average values for comparable stocks, (-33.638). Projected Growth (PEG Ratio) (0.260) is also within normal values, averaging (1.687). Dividend Yield (0.025) settles around the average of (0.036) among similar stocks. P/S Ratio (0.714) is also within normal values, averaging (1.663).
The Tickeron Profit vs. Risk Rating rating for this company is 84 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RES’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock worse than average.
The Tickeron SMR rating for this company is 88 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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General Information
a provider of oil field and equipment rental services
Industry OilfieldServicesEquipment
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