RPC Inc. (NYSE:RES) shares rose 4.4% in premarket trading Thursday after the oilfield services company posted third-quarter results that exceeded Wall Street forecasts, supported by improved performance across nearly all business segments.
The company reported adjusted earnings of $0.09 per share, beating analyst estimates of $0.07, while revenue surged to $447.1 million, well above the $403.12 million consensus and up 32.4% year-over-year from $337.7 million.
The strong quarterly showing was fueled by higher activity levels across key service lines. Pressure pumping, the firm’s largest division, recorded a 14% sequential revenue increase, while coiled tubing operations rose 19%. Overall, revenue for the Technical Services segment, which houses both divisions, climbed 6% sequentially to $422.2 million.
“Sequentially we saw most of our service line revenues improve including pressure pumping, which saw a 14% increase from a soft second quarter,” said Ben M. Palmer, RPC’s President and Chief Executive Officer. “Our diversified offerings, strong brands, and balance sheet provide resiliency, yet the challenging environment continues to require disciplined execution.”
Adjusted EBITDA reached $72.3 million, up 10% from the previous quarter, while EBITDA margin improved to 16.2% from 15.6%.
Despite the upbeat results, RPC’s management flagged near-term risks, pointing to oil prices falling below $60 per barrel, seasonal slowdowns, and customer budget exhaustion as potential challenges in the fourth quarter.
The company closed the period with $163.5 million in cash and cash equivalents and no outstanding borrowings under its $100 million revolving credit facility, underscoring a strong balance sheet.
RPC also declared a quarterly cash dividend of $0.04 per share, payable on December 10, 2025.