By Elias Schisgall

Shares of RPC plunged after the company swung to a loss in the fourth quarter, citing a slowdown in sales during the holiday season.

Shares fell 19% to $5.34 late Tuesday morning. The stock has shed 15% over the past year.

The oilfield services company on Tuesday posted a loss of $3.06 million, or 2 cents a share, compared with a profit of $12.8 million, or 6 cents a share, a year earlier.

On an adjusted basis, RPC had earnings of 4 cents a share, behind analysts' expectation of 7 cents a share, according to FactSet.

Revenue was $425.8 million, compared with $335.4 million a year earlier. Analysts polled by FactSet were expecting $425.2 million.

Revenue fell 5% sequentially compared to the previous quarter, the company said, driven primarily by holiday slowdowns.

"We experienced a solid start to the fourth quarter but encountered a weak December as a number of our customers reduced activity, particularly late in the month," Chief Executive Officer Ben Palmer said. "The macro environment remains challenging, with crude oil prices showing increased volatility due to recent geopolitical developments."

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

February 03, 2026 11:37 ET (16:37 GMT)

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