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Dec 31, 2022
Ranger Energy Services Q4 2022 Earnings Report
Ranger Energy Services reported strong Q4 2022 results marked by significant growth and strong cash flows.
Key Takeaways
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.
Revenue of $154.3 million, a 25% increase year-over-year
Net income of $7.6 million, or $0.30 per fully diluted share
Adjusted EBITDA of $21.6 million, a 137% increase year-over-year
Free cash flow of $20.9 million.
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
The Company’s full-year 2023 guidance reflects revenue growth and improved Adjusted EBITDA margins resulting from efforts to improve asset utilization and operating efficiency. The Company expects full-year 2023 free cash flow conversion to be approximately 60%.
Positive Outlook
- Revenue anticipated to be between $685 million and $715 million
- Adjusted EBITDA for the full year is anticipated to be between $95 million and $105 million
- Free cash flow conversion rates of approximately 60%
- Between $55 million and $70 million to be used toward ongoing repayment of debt
- Strategic growth opportunities
Revenue & Expenses
Visualization of income flow from segment revenue to net income