RPC Inc's stock experienced a significant intraday plummet of 22.89% on Tuesday, following the release of its fourth-quarter financial results.
The oilfield services firm reported adjusted earnings per share of $0.04 for Q4, missing the consensus estimate of $0.06. Revenue came in at $425.777 million, slightly below expectations. The company cited holiday slowdowns affecting customer activity and increased wireline cable expenses as key factors behind the disappointing results.
Additionally, RPC reported a net loss of $3.061 million for the quarter, and full-year 2025 free cash flow declined by 59 percent to $52.92 million. These financial metrics, combined with the earnings miss, have contributed to negative investor sentiment during the trading session.