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ATLANTA - On Thursday, RPC Inc (NYSE:RES) reported third quarter earnings and revenue that exceeded analyst expectations, driven by improved performance across most of its service lines.
The oilfield services company’s shares rose 4.40% in pre-market trading after the results.
The diversified oilfield services provider reported adjusted earnings of $0.09 per share for the quarter ended September 30, 2025, beating analyst estimates of $0.07. Revenue came in at $447.1 million, significantly above the consensus estimate of $403.12 million and up 32.4% from $337.7 million in the same quarter last year.
Pressure pumping, the company’s largest service line, saw a 14% sequential increase in revenue, while coiled tubing business posted a 19% rise. The company’s Technical Services segment, which includes these operations, saw a 6% sequential revenue increase 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."
The company’s adjusted EBITDA was $72.3 million, representing a 10% sequential increase, while adjusted EBITDA margin improved to 16.2% from 15.6% in the previous quarter.
Despite the positive results, management expressed caution about the fourth quarter, citing oil prices recently dipping below $60 per barrel, expected holiday slowdowns, and customer budget exhaustion as potential headwinds.
RPC maintained its financial strength with $163.5 million in cash and cash equivalents at quarter-end with no outstanding borrowings under its $100 million revolving credit facility. The company also declared a regular quarterly cash dividend of $0.04 per share, payable on December 10, 2025.
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