High Oilfield Services Demand Boosts RPC's Q3

By Atlanta Business Chronicle

The Atlanta-based oilfield equipment and services companyâ¿¿s profit spiked in the third quarter, aided by higher revenue from an increase in the fleet of revenue-producing equipment in several service lines, improved utilization across service lines and improved pricing.

  • Revenue: $502.2 million, up 66.2 percent
  • Net Income: $83.1 million, up 79.5 percent
  • Earnings Per Share: 57 cents, up 78.1 percent

Click here for the full third-quarter earnings statement.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/atlanta/news/2011/10/26/high-oilfield-services-demand-boosts.html?ana=thestreet

Copyright bizjournals.com 2010

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