RPC, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC, reporting a net loss driven largely by a $74.5 million impairment charge recorded in the third quarter.

Key Highlights

  • Net loss of $41.9 million for the three months ended September 30, 2026, compared to net income of $12.963 million in the same period of 2025, according to the filing.
  • Impairment charges of $74.464 million were recorded in the third quarter of 2026; no comparable charges appeared in the third quarter of 2025.
  • Revenues of $467.735 million for Q3 2026, up from $447.103 million in Q3 2025, as reported in the consolidated statements of operations.
  • Nine-month net loss of $28.999 million for the period ended September 30, 2026, versus net income of $35.141 million for the same period in 2025.
  • Total assets of $1.392 billion as of September 30, 2026, down from $1.468 billion at December 31, 2025, the filing disclosed.
  • 221,573,553 shares of common stock outstanding as of October 23, 2026, per the cover page.
  • Notes payable totaled $30.0 million ($10.0 million current, $20.0 million long-term) as of September 30, 2026.

RPC Inc. Reports Q3 2026 Operating Loss as Impairment Charges Weigh on Results

RPC, Inc. (NYSE:RES), an Atlanta, Georgia-based oilfield services company, reported a third-quarter 2026 operating loss of $53.773 million, compared to operating income of $20.800 million in the third quarter of 2025, according to the 10-Q filed for the period ended September 30, 2026. The company attributed the swing primarily to $74.464 million in impairment charges recorded in the quarter, with no such charges in the comparable prior-year period.

For the three months ended September 30, 2026, the filing reported revenues of $467.735 million, up from $447.103 million in Q3 2025. Cost of revenues rose to $349.752 million from $334.673 million in the year-ago quarter. Selling, general and administrative expenses increased to $50.813 million from $44.628 million. Acquisition related employment costs were $7.292 million in Q3 2026 versus $6.467 million in Q3 2025. Depreciation and amortization was $42.658 million for the quarter. The company recorded a basic and diluted loss per share of $0.20 for Q3 2026, compared to earnings per share of $0.06 in Q3 2025.

On a nine-month basis, revenues reached $1.383 billion through September 30, 2026, compared to $1.201 billion through September 30, 2025. The nine-month operating loss totaled $36.382 million versus operating income of $48.722 million in the first nine months of 2025. The consolidated balance sheet as of September 30, 2026, showed total stockholders' equity of $1.067 billion, down from $1.099 billion at December 31, 2025, with retained earnings declining to $1.048 billion from $1.080 billion. Cash and cash equivalents stood at $177.110 million at quarter-end, compared to $209.974 million at year-end 2025. The filing also noted a cash dividend of $0.04 per share paid during the nine-month period.

What Was Disclosed

RPC, Inc. disclosed its unaudited financial results for Q3 and the nine months ended September 30, 2026, including a $74.464 million impairment charge that drove a quarterly net loss of $41.929 million and a year-to-date net loss of $28.999 million, alongside revenues of $467.735 million for the quarter.