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Sep 30, 2021
Ranger Energy Services Q3 2021 Earnings Report
Ranger Energy Services announced Q3 2021 results, with revenue growth driven by wireline acquisitions and the completion of the Basic Energy Asset Acquisition. The company restructured its equity and terminated the Tax Receivable Agreement.
Key Takeaways
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.
Revenue grew 63% sequentially, primarily the result of wireline acquisitions
Completed Basic Energy Asset Acquisition (closed October 1st)
Restructured equity into a single share class and terminated the Tax Receivable Agreement (Q4)
Ranger had 180 rigs running during the first month of operating the Basic assets
Revenue by Segment
Forward Guidance
Given the strong macro environment, and the early indications from our acquisitions, we are optimistic about our ability to improve margins and to generate meaningful cash flow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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