RPC Inc (RES) Tops Q1 EPS by 5c

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Go back to RPC Inc (RES) Tops Q1 EPS by 5c

RPC, Inc. Reports First Quarter 2016 Financial Results

April 27, 2016 6:50 AM EDT

ATLANTA, April 27, 2016 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced its unaudited results for the first quarter ended March 31, 2016.  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 March 31, 2016 revenues decreased 53.5 percent to $189.1 million compared to $406.3 million in the first quarter of last year. Revenues decreased compared to the prior year due to lower activity... More