Ranger Energy Services Q4 2019 Earnings Report
Key Takeaways
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.
Generated $16 million in cash flow from operations during Q4.
Reduced net debt by $11 million in Q4.
High Specification Rigs segment achieved its highest rig hours of the year.
Wireline business continued to gain market share despite industry-wide completions activity drop.
Ranger Energy Services
Ranger Energy Services
Ranger Energy Services Revenue by Segment
Forward Guidance
Ranger Energy Services expects to continue to generate significant cash flow throughout the year and is planning a balanced capital allocation program.
Revenue & Expenses
Visualization of income flow from segment revenue to net income