Financial Data and Key Metrics Changes - Revenues increased by 6% to $447.1 million compared to Q2 2025 [10] - Adjusted EBITDA rose to $72.3 million from $65.6 million, with adjusted EBITDA margins increasing by 60 basis points to 16.2% [11] - Effective tax rate for the third quarter was 42.6%, slightly higher than the previous quarter [11] - Adjusted diluted EPS was $0.09, with adjustments totaling $0.03 related to acquisition-related employment costs [11] - Operating cash flow year to date was $139.5 million, with free cash flow of $21.7 million after CapEx of $117.8 million [12] Business Line Data and Key Metrics Changes - Technical Services, representing 94% of total revenues, increased by 6% [10] - Pressure pumping accounted for 27.9% of total revenues, while wireline and downhole tools each represented 23.5% [10] - Coiled tubing and cementing accounted for 9.5% and 5.4% of revenues, respectively [10] - Revenue from downhole tools increased by 5% sequentially, with notable strength in the Rocky Mountain and Southeast regions [3] Market Data and Key Metrics Changes - The Permian completion market remains challenged, but there was increased gun usage benefiting from customer completion accelerations [8] - RPC Inc.'s pressure pumping business saw improved activity during the third quarter, despite plans to lay down a fleet in October [8] Company Strategy and Development Direction - The company is focusing on less capital-intensive service lines and strategically growing through acquisitions [9] - Management is bracing for potential slowdowns in customer activity due to holiday season impacts [17][18] - The company aims to leverage its diversified product offerings and geographic exposure to better position itself when market fundamentals improve [14] Management's Comments on Operating Environment and Future Outlook - Current oil prices and market uncertainty present near-term risks to the operating environment [14] - Management is prepared to react to potential slowdowns and is focusing on cost management and capital allocation [14] - The company is optimistic about the fourth quarter but acknowledges the unpredictability of customer activity [17][18] Other Important Information - Full year 2025 capital spending is expected to be between $170 million to $190 million, primarily for maintenance and opportunistic asset purchases [12] - The company plans to liquidate its terminated Supplemental Executive Retirement Plan, expecting a net cash distribution of approximately $8 million [13] Q&A Session Summary Question: Fourth quarter outlook and potential activity levels - Management is comfortable with current fourth quarter conditions but is prepared for possible customer slowdowns during the holidays [17][18] Question: Pivoting away from pressure pumping - Management is focusing on less capital-intensive service lines and is not aggressively investing in pressure pumping, although it remains a part of their offerings [19] Question: Details on the A10 downhole motor - The A10 downhole motor is differentiated by its effectiveness with longer laterals, improving performance and reliability, which benefits both the company and its customers [20]