RPC Inc (RES) Misses Q3 EPS by 1c

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Go back to RPC Inc (RES) Misses Q3 EPS by 1c

RPC, Inc. Reports Third Quarter 2015 Financial Results

October 28, 2015 6:55 AM EDT

ATLANTA, Oct. 28, 2015 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced its unaudited results for the third quarter ended September 30, 2015.  RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States and in selected international markets.

For the quarter ended September 30, 2015 revenues decreased 53.0 percent to $291.9 million compared to $620.7 million in the third quarter of last year.  Revenues decreased compared to the prior year due to lower activity... More