Ranger Energy Services Earnings Reports

Ranger Energy Services reported Q4 2024 revenue of $143.1 million, a decrease from the prior quarter due to seasonal declines in Wireline Services. Net income for the quarter was $5.8 million, with EPS of $0.25. Adjusted EBITDA stood at $21.9 million, driven by strong margins in High-Specification Rigs and Ancillary Services. The company also announced an increase in its quarterly dividend by 20% to $0.06 per share.

Ranger Energy Services announced its Q3 2024 results, featuring revenue of $153.0 million, a net income of $8.7 million, and adjusted EBITDA of $25.1 million. The company also highlighted its commitment to returning cash to shareholders, having repurchased 155,200 shares during the quarter.

Ranger Energy Services reported revenue of $138.1 million and net income of $4.7 million, or $0.21 per fully diluted share, for the second quarter of 2024. The company experienced growth in the High Specification Rigs and Ancillary segments, which offset declines in wireline completions activity. Adjusted EBITDA was $21.0 million, and free cash flow was $6.8 million, or $0.30 per share.

Ranger Energy Services reported a revenue of $136.9 million for Q1 2024, a 13% decrease compared to Q1 2023. The company experienced a net loss of $0.8 million, a decrease from a net income of $6.2 million in the prior year. Adjusted EBITDA decreased by 46% to $10.9 million. Despite these challenges, the company generated positive free cash flow of $5.5 million and repurchased shares worth $8.5 million.

Ranger Energy Services reported Q4 2023 results with revenue of $151.5 million and net income of $2.1 million. The company's performance was impacted by customer budget exhaustion and holiday slowdowns, but the high specification rigs business showed stability.

Ranger Energy Services, Inc. announced its Q3 2023 financial results, with revenue of $164.4 million, a 1% increase from the previous quarter. Net income was $9.4 million, or $0.38 per fully diluted share, up from $6.1 million in the previous quarter. Adjusted EBITDA was $24.0 million, a 10% increase from the previous quarter. The company repurchased $2.7 million of shares and paid its first dividend of $0.05 per share.

Ranger Energy Services announced a 6% increase in revenue and a 22% increase in adjusted EBITDA compared to the second quarter of 2022. The company reported net income of $6.1 million, or $0.24 per fully diluted share. They also achieved their goal of becoming net debt zero and initiated a quarterly dividend of $0.05 per share.

Ranger Energy Services reported a revenue of $157.5 million, a 27% increase compared to Q1 2022. Net income was $6.2 million, or $0.25 per fully diluted share, up from a net loss of $5.7 million, or $0.31 loss per share in Q1 2022. Adjusted EBITDA was $20.1 million, a 109% increase from $9.6 million in Q1 2022. The company initiated a share repurchase program as part of its capital return program and generated positive free cash flow of $12.0 million.

Ranger Energy Services reported a revenue of $154.3 million, a 25% increase year-over-year. Net income was $7.6 million, or $0.30 per fully diluted share. Adjusted EBITDA was $21.6 million, a 137% increase year-over-year with free cash flow of $20.9 million.

Ranger Energy Services reported a successful Q3 2022 with revenue of $177.0 million, a net income of $13.6 million, and an adjusted EBITDA of $30.3 million. The company saw revenue increase by 15% quarter over quarter, while Adjusted EBITDA grew 69%.

Ranger Energy Services reported a strong second quarter in 2022, with revenues of $153.6 million, a 24% increase from the previous quarter and a 207% increase from the same quarter last year. The company reduced its net loss to $0.4 million and achieved an adjusted EBITDA of $18.0 million, driven by increased activity and expanding margins.

Ranger Energy Services reported Q1 2022 revenues of $123.6 million, a slight increase from the previous quarter. The company experienced a net loss of $5.7 million, which was an improvement compared to the previous quarter's net income due to a bargain purchase gain in Q4. Adjusted EBITDA increased to $9.6 million, driven by improved gross profit margins in the High-Spec Rig segment.

Ranger Energy Services reported a strong Q4 2021, marked by a 51% sequential increase in revenue driven by the Basic Energy asset transaction. The company's net income saw a significant rise due to a bargain purchase gain, and adjusted EBITDA also increased, reflecting improved profit margins in the High Specification Rigs and Processing Solutions segments.

Ranger Energy Services reported a 63% sequential increase in quarterly revenues, reaching $81.7 million, primarily due to wireline acquisitions. The net loss remained consistent with the previous quarter at $9.1 million, while adjusted EBITDA increased to $3.3 million. The company completed the Basic Energy Asset Acquisition and restructured its capital structure.

Ranger Energy Services, Inc. announced its Q2 2021 results, featuring a 31% sequential growth in revenue with increases across all segments. The company reported a net loss of $9.1 million and an adjusted EBITDA of $2.0 million, inclusive of $1.0 million of make-ready expenses for rigs.

Ranger Energy Services reported Q1 2021 revenues of $38.3 million, a decrease of 8% compared to Q4. The company experienced a net loss of $8.3 million, which was impacted by weather and activity disruptions. However, the High-Spec Rigs segment showed resilience, with rig hours increasing despite lost operating days.

Ranger Energy Services, Inc. reported a 20% increase in revenue to $41.5 million in Q4 2020, driven by growth in the High Specification Rigs segment. However, the company experienced a net loss of $6.7 million, and adjusted EBITDA decreased to $3.2 million due to increased costs, including make-ready expenses. Despite these challenges, Ranger highlighted its commitment to efficiency, cost management, and strategic client relationships.

Ranger Energy Services announced positive Q3 2020 results, demonstrating sequential growth in revenue, EBITDA, and margin despite a challenging market. The company reported a revenue increase of $3.9 million to $34.6 million, a reduced net loss of $5.7 million, and an improved Adjusted EBITDA of $4.4 million. Ranger's balance sheet remains strong, and the company is optimistic about future growth opportunities.

Ranger Energy Services experienced a significant decrease in revenue and net income in Q2 2020 compared to Q1 2020, driven by declining activity across all segments. However, the company managed to maintain positive adjusted EBITDA and cash flow through aggressive cost-cutting measures and market share gains. Net debt was reduced by $15.1 million during the quarter.

Ranger Energy Services announced its Q4 2019 results, reporting a decrease in revenue to $80.2 million and a net loss of $0.1 million. However, the company generated $16 million in cash flow from operations and reduced net debt by $11 million during the quarter. High Specification Rigs posted the highest rig hours of the year, while Wireline continued to gain market share.