RPC Inc (RES) Misses Q1 EPS by 7c

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Go back to RPC Inc (RES) Misses Q1 EPS by 7c

RPC, Inc. Announces Reduced Quarterly Cash Dividend

April 29, 2015 7:15 AM EDT

ATLANTA, April 29, 2015 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that its Board of Directors reduced the quarterly cash dividend from $0.105 per share to $0.05 per share.  The dividend will be payable June 10, 2015 to common stockholders of record at the close of business... More

RPC, Inc. Reports First Quarter 2015 Financial Results

April 29, 2015 7:15 AM EDT

ATLANTA, April 29, 2015 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced its unaudited results for the first quarter ended March 31, 2015.  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 March 31, 2015 revenues decreased 19.0 percent to $406.3 million compared to $501.7 million in the first quarter of last year.  Revenues decreased compared to the prior year due to lower activity... More