Ranger Energy Services Q4 2022 Earnings Report
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
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