RPC, Inc. Reports Third Quarter 2024 Financial Results: Revenue Down But Company Remains Debt-Free

RPC, Inc., a leading oilfield services company, reported a 7% sequential decline in revenue for the third quarter of 2024, largely due to decreased activity in pressure pumping. Despite the challenges, the company remains debt-free, with a strong cash balance and a commitment to continued dividend payments. RPC also highlights its focus on expanding its innovative new products and services in coiled tubing and downhole tools.

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