RPC INC — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 52/100
What the filing says
RPC recorded a $74.5M non-cash impairment charge on its Pintail wireline business (acquired earlier) due to persistent pricing weakness, lower activity, and cost pressure. Despite the impairment, Q3 revenues grew 1% sequentially to $467.7M and adjusted EBITDA rose 8% to $71.5M. The company declared a $0.04/share quarterly dividend and paid down $20M in debt year-to-date; cash declined $32.9M to $177.1M, driven partly by working capital needs and the debt payment.
Why this rating
Impairment is 17.7% of market cap but non-cash; adjusted operating metrics improve. Modest write-down relative to $421M company size; core business trending positive but acquisition underperforming.
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