RPC Inc (RES) Misses Q4 EPS by 4c, Revenues Miss

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Go back to RPC Inc (RES) Misses Q4 EPS by 4c, Revenues Miss

RPC, Inc. Reports Fourth Quarter 2018 Financial Results

January 23, 2019 6:45 AM EST

ATLANTA, Jan. 23, 2019 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced its unaudited results for the fourth quarter ended December 31, 2018. 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 December 31, 2018, revenues were $376.8 million, a decrease of 11.8 percent, compared to $427.3 million in the fourth quarter of 2017. Revenues decreased due to lower activity levels and lower pricing, primarily... More