RPC, Inc. (NYSE: RES) reported third-quarter 2026 revenue of $467.7 million, up 1% sequentially, and a net loss of $41.9 million, or $0.20 per diluted share, for the quarter ended September 30.
The company recorded $74.5 million in non-cash impairment charges related to Pintail, its wireline business. RPC also declared a regular quarterly cash dividend of $0.04 per share.
- Technical Services revenue was $444.2 million, up 1% sequentially.
- Support Services revenue was $23.5 million, up 3% sequentially.
- Adjusted EBITDA was $71.5 million, with an adjusted EBITDA margin of 15.3%.
- Cash and cash equivalents were $177.1 million at quarter-end.
- The dividend is payable December 10, 2026, to stockholders of record on November 10, 2026.
$RES Hedge Fund Activity
We have seen 112 institutional investors add shares of $RES stock to their portfolio, and 97 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,951,741 shares (+inf%) to their portfolio in Q2 2026, for an estimated $11,378,650
- SIR CAPITAL MANAGEMENT, L.P. removed 1,596,443 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $9,307,262
- IES HOLDINGS, INC. removed 1,405,437 shares (-56.0%) from their portfolio in Q2 2026, for an estimated $8,193,697
- BLACKROCK, INC. added 1,043,960 shares (+7.2%) to their portfolio in Q2 2026, for an estimated $6,086,286
- BANK OF AMERICA CORP /DE/ removed 661,870 shares (-44.3%) from their portfolio in Q2 2026, for an estimated $3,858,702
- DIMENSIONAL FUND ADVISORS LP added 517,853 shares (+4.1%) to their portfolio in Q2 2026, for an estimated $3,019,082
- FULCRUM ASSET MANAGEMENT LLP removed 468,354 shares (-84.8%) from their portfolio in Q2 2026, for an estimated $2,730,503
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
