Ranger Energy Services

Ranger Energy Services, Inc. engages in the provision of service rigs and associated services. It operates through the following segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The High Specification Rig segment offers service rigs and complementary equipment and services. The Completion and Other Services segment consists of wireline and snubbing lines of business. The Processing Solutions segment includes rental, installation, commissioning, start-up, operation and maintenance of mechanical refrigeration units, natural gas liquid (NGL) stabilizer units, NGL storage units, and related equipment. The company was founded in 2014 and is headquartered in Houston, TX.

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ranger Energy Services excels in Q4 2022, targets debt reduction and shareholder value

Ranger Energy Services delivered outstanding financial results in Q4 2022, showcasing robust revenue growth, improved profitability, and a clear focus on debt reduction and shareholder returns.
Despite facing challenges from external factors and debt management goals, the company remains well-positioned to capitalize on opportunities for growth, M&A, and value creation in the energy services sector.
With a strategic outlook for 2023 emphasizing revenue targets, EBITDA projections, and capital allocation strategies, Ranger Energy Services aims to sustain its financial performance and drive long-term shareholder value.

Ranger Energy Services reports stellar Q1 performance and eyes growth

Ranger Energy Services excelled in Q1 2023, with notable revenue growth, margin improvements, and a strong focus on enhancing shareholder value. While facing potential challenges from market conditions and competition, the company remains optimistic about its future prospects, emphasizing strategic initiatives and growth opportunities.

Ranger Energy Services excels in Q2, eyes growth amid challenges

Ranger Energy Services delivered strong financial performance in Q2 2023, marked by revenue growth, improved net income, and debt reduction. The company's resilience in pricing and strategic initiatives like dividends and stock repurchases showcase its commitment to shareholder value enhancement.
Despite market challenges, Ranger remains optimistic about the future, expecting robust revenue growth and profitability in the second half of the year. Opportunities in oil basins, customer inquiries, and strategic investments position Ranger for continued success and expansion.
To address challenges like market volatility and operational efficiency, Ranger must maintain a balanced approach to cash deployment and growth strategies. By leveraging opportunities for revenue expansion and prudent financial management, Ranger can navigate challenges and drive sustainable growth.

Ranger Energy Services excels in Q3, eyes growth amidst challenges

Ranger Energy Services showcased robust financial performance and strategic resilience in Q3 2023 despite industry challenges.
Strategic initiatives like dividend initiation, share repurchases, and operational optimizations underscore commitment to shareholder value.
Proactive measures to assess intrinsic value, enhance operational efficiencies, and adapt to market dynamics position the company for sustainable growth.
Focus on agility, strategic planning, and operational excellence will be key in navigating industry uncertainties and seizing growth opportunities.

Ranger Energy Services reports record earnings, eyes long-term growth

Ranger Energy Services delivered strong financial results in 2023, focusing on cash flow, shareholder returns, and growth strategies.
Despite challenges in Q4 2023 and a slower start in Q1 2024, the company remains optimistic about long-term growth prospects.
Share repurchases, debt-free status, and sustainability efforts showcase Ranger's commitment to enhancing shareholder value and sustainable practices.
Navigating market dynamics and customer demands while capitalizing on growth opportunities are key priorities for Ranger Energy Services.

Ranger Energy Services faces challenges but remains optimistic for growth

Ranger Energy Services navigated a challenging Q1 2024 with lower revenues and EBITDA, primarily due to external market pressures and operational disruptions.
Despite these obstacles, the company remains positive about its future outlook, focusing on cost savings, operational adjustments, and shareholder value.
Identified opportunities in cost optimization, segment improvements, and margin recovery position Ranger for potential growth and enhanced profitability.
Maintaining a strong financial position and liquidity underscores Ranger's resilience and strategic readiness for future market dynamics.

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Ranger Energy Services, Inc. engages in the provision of service rigs and associated services. It operates through the following segments: High Specification Rigs, Wireline Services and Processing Solutions and Ancillary Services. The High Specification Rig segment offers service rigs and complementary equipment and services. The Wireline Services segment provides services necessary to bring and maintain a well on production and consists of wireline completion, wireline production, and pump down lines of business. The Processing Solutions and Ancillary Services segment provides other services often utilized in conjunction with Rigs and Wireline Services segments. These services include equipment rentals, plug and abandonment, logistics hauling, processing solutions, as well as snubbing and coil tubing. The company was founded in 2014 and is headquartered in Houston, TX.

Ranger Energy Services, Inc. (NYSE:RNGR ) Q3 2024 Earnings Conference Call October 28, 2024 10:00 AM ET Company Participants Stuart Bodden - President and Chief Executive Officer Melissa Cougle - Chief Financial Officer Conference Call Participants Don Crist - Johnson Rice Jeff Robertson - Water Tower Research John Daniel - Daniel Energy Partners Operator Hello and welcome to the Ranger Energy Services Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Ranger Energy Services, Inc. (RNGR) Q3 2024 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue of $153.0 million, representing an 11% increase from $138.1 million in the second quarter of 2024 and a 7% decrease from $164.4 million in the third quarter of 2023 Net income of $8.7 million, or $0.39 per fully diluted share, an 85% increase from $4.7 million in the second quarter 2024 a.

Ranger Energy Services, Inc. Announces Q3 2024 Results

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report third quarter financial and operating results before the market opens for trading on Monday, October 28, 2024. Following the announcement, the Company's management will host an earnings conference call at 10:00 a.m. Eastern time (9:00 a.m. Central time). Interested parties are invited to join the call by dialing 1-833-255-2829, or 1-412-902-6710 for international calls, (request to join the Ranger Ene.

Ranger Energy Services, Inc. Announces Date for Third Quarter 2024 Earnings Conference Call

Ranger Energy (RNGR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Ranger Energy (RNGR): Time to Buy?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Ranger Energy Services (RNGR) Stock?

Ranger Energy Services, Inc. (NYSE:RNGR ) Q2 2024 Results Earnings Conference Call July 30, 2024 9:00 AM ET Company Participants Stuart Bodden - President and Chief Executive Officer Melissa Cougle - Chief Financial Officer Conference Call Participants Don Crist - Johnson Rice Jeffrey Robertson - Water Tower Research Operator Thank you. And welcome to Ranger Energy Services Second Quarter 2024 Results Conference Call.

Ranger Energy Services, Inc. (RNGR) Q2 2024 Earnings Call Transcript

Ranger Energy (RNGR) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.24 per share a year ago.

Ranger Energy (RNGR) Tops Q2 Earnings and Revenue Estimates

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenue of $138.1 million, with revenue increasing quarter over quarter in High Specification Rig and Ancillary segments offsetting declines in wireline completions activity High specification rig revenue of $82.7 million set another segment record, and represents a 4% increase from $79.7 million in.

Ranger Energy Services, Inc. Announces Q2 2024 Results

Despite a challenging Q1 2024, the company has a net debt-free position, with over $85 million in liquidity. Recent insider buying by the CEO and CFO following a 20% share price sell-off. A strong share buyback program in place, and consistent quarterly dividends over the past year.

Ranger Energy Services: A Compelling Buy With Insider Buying And Robust Financials

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report second quarter financial and operating results after the market closes for trading on Monday, July 29, 2024. Following the announcement, the Company's management will host an earnings conference call the morning of Tuesday, July 30, 2024 at 9:00 a.m. Eastern time (8:00 a.m. Central time). Interested parties are invited to join the call by dialing 1-833-255-2829, or 1-412-902-6710 for international cal.

Ranger Energy Services, Inc. Announces Date for Second Quarter 2024 Earnings Conference Call

Ranger Energy (RNGR) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.05. This compares to earnings of $0.25 per share a year ago.

Ranger Energy (RNGR) Reports Q1 Loss, Tops Revenue Estimates

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights – Revenue of $136.9 million, a 13% decrease from $157.5 million in first quarter 2023 driven by declines in wireline completions and ancillary services – High specification rig revenue of $79.7 million, a 3% increase from $77.5 million in first quarter 2023 with additional growth anticipated in futur.

Ranger Energy Services, Inc. Announces Q1 2024 Results

Ranger Energy (RNGR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Ranger Energy (RNGR) Q1 Earnings Expected to Decline

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report first quarter financial and operating results before the market opens for trading on Tuesday, May 7, 2024. Following the announcement, the Company's management will host an earnings conference call at 9:00 a.m. Eastern time (8:00 a.m. Central time). Interested parties are invited to join the call by dialing 1-833-255-2829, or 1-412-902-6710 for international calls, (request to join the Ranger Energy S.

Ranger Energy Services, Inc. Announces Date for First Quarter 2024 Earnings Conference Call

Ranger Energy Services, Inc. (NYSE:RNGR ) Q4 2023 Earnings Conference Call March 5, 2024 11:00 AM ET Company Participants Stuart Bodden – Chief Executive Officer Melissa Cougle – Chief Financial Officer Conference Call Participants Luke Lemoine – Piper Sandler Don Crist – Johnson Rice Derek Podhaizer – Barclays John Daniel – Daniel Energy Partners William Kim – Custodio Asset Management Operator Thank you, and welcome to Ranger Energy Services Fourth Quarter and Full Year 2023 Results Conference Call. Ranger has issued a press release summarizing operating and financial results for the three and 12 months ended December 31, 2023.

Ranger Energy Services, Inc. (RNGR) Q4 2023 Earnings Call Transcript

Ranger Energy (RNGR) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.30 per share a year ago.

Ranger Energy (RNGR) Q4 Earnings Miss Estimates

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the fourth quarter and full year ended December 31, 2023. Highlights – Full year 2023 revenue of $636.6 million, a 5% increase from $608.5 million in 2022 – Full year 2023 net income of $23.8 million, or $0.95 per fully diluted share, up from $15.1 million, or $0.65 per share in 2022 – Full year 2023 Adjusted EBITDA(1) of $84.4 million, a 6% increase from $79.5 million.

Ranger Energy Services, Inc. Announces Q4 2023 and Full Year 2023 Results

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HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report fourth quarter and full year 2023 financial and operating results before the market opens for trading on Tuesday, March 5, 2024. Following the announcement, the Company's management will host an earnings conference call the morning of Tuesday, March 5, 2024 at 11:00 a.m. Eastern time (10:00 a.m. Central time). Interested parties are invited to join the call by dialing 1-833-255-2829, or 1-412-902-6710.

Ranger Energy Services, Inc. Announces Date for Fourth Quarter and Full Year 2023 Earnings Conference Call

Ranger Energy Services managed to shine in 2023, despite challenging market conditions, securing respectable profits, and reinforcing its balance sheet. The recent stability in rig count numbers and positive outlook from industry giants suggest a promising future for RNGR in 2024. It is worth considering risks as well, especially in light of the outlook given by Baker Hughes.

Navigating The Oilfield - Ranger Energy Services' Path Forward

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Ranger Energy Services Inc is a service provider in the oil and gas industry with a diversified product line. RNGR operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The company has shown strong revenue growth and margin improvements, with room for further upside in the short term.

Ranger Energy Services: Anticipating Further Margin Expansion As Operations Improve

Ranger Energy Services, Inc. (NYSE:RNGR ) Q3 2023 Earnings Conference Call October 31, 2023 10:00 AM ET Company Participants Justin Whitley - General Counsel Stuart Bodden - Chief Executive Officer Melissa Cougle - Chief Financial Officer Conference Call Participants John Daniel - Daniel Energy Partners Don Crist - Johnson Rice Donovan Schafer - Northland Capital Markets Jeff Robertson - Water Tower Research Operator Good day and welcome to the Ranger Energy Third Quarter 2023 Conference Call. All participants will be in listen-only mode.

Ranger Energy Services, Inc. (RNGR) Q3 2023 Earnings Call Transcript

Ranger Energy (RNGR) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.54 per share a year ago.

Ranger Energy (RNGR) Q3 Earnings and Revenues Miss Estimates

HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights – Revenue of $164.4 million, a 1% increase from $163.2 million in the second quarter 2023 – Net income of $9.4 million, or $0.38 per fully diluted share, up from $6.1 million, or $0.24 per share in second quarter of 2023 – Adjusted EBITDA1 of $24.0 million, a 10% increase from $21.9 million in se.

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