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Dec 31, 2019
Ranger Energy Services Q4 2019 Earnings Report
Ranger Energy Services reported a decrease in revenue and a net loss for Q4 2019, but demonstrated strong cash flow generation and debt reduction.
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
Revenue by Segment
High-Specification Rigs Revenue
CapyFin.comWireline Services Revenue
CapyFin.comProcessing & Ancillary Revenue
CapyFin.com 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