Page 19 - NorthAmOil Week 43 2020

NorthAmOil NEWS IN BRIEF NorthAmOil

RPC reports third-quarter quarter of 2020 was $31.8mn compared to an Adjusted EBITDA for the third quarter of
operating loss of $92.6mn in the same period
2019 was $22.8mn.3
2020 financial results of the prior year. Adjusted operating loss 30, 2020, revenues decreased to $449.7mn
For the nine months ended September
for the third quarter of 2019 was $21.0mn.1
RPC today announced its unaudited results Net loss for the third quarter of 2020 was compared to $986.4mn last year. Net loss for
for the third quarter ended September $16.4mn, or $0.08 loss per share, compared to the nine-month period was $202.0mn, or
30, 2020. RPC provides a broad range of a net loss of $69.2mn, or $0.33 loss per share, $0.95 loss per share, compared to a net loss of
specialised oilfield services and equipment in the third quarter of 2019. Adjusted net loss $63.7mn, or $0.30 loss per share in the same
primarily to independent and major oilfield for the third quarter of 2020 was $20.0mn, period last year. Adjusted net loss for the
companies engaged in the exploration, or $0.09 adjusted loss per share, compared nine months ended September 30, 2020 was
production and development of oil and gas to an adjusted net loss of $18.0mn, or $0.08 $51.2mn, or $0.24 loss per share, compared
properties throughout the United States and adjusted loss per share, in the third quarter to an adjusted net loss for the nine months
in selected international markets. of 2019.2 Earnings before interest, taxes, ended September 30, 2019 of $12.5mn, or
For the quarter ended September 30, 2020, depreciation and amortization (EBITDA) $0.06 adjusted loss per share.
revenues were $116.6mn, a decrease of 60.2 for the third quarter of 2020 was negative RPC, October 28, 2020
percent compared with $293.2mn in the third $12.3mn, compared to EBITDA of negative
quarter of 2019. Operating loss for the third $48.9mn in the same period of the prior year.3

Week 43 29•October•2020 www. NEWSBASE .com P19