Sector: Energy | Industry: Oil Related Services and Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 10350 Richmond Avenue, Suite 550 HOUSTON TX 77042 |
Tel: | 1-713-9358900 |
Website: | https://www.rangerenergy.com |
IR: | See website |
Key People | ||
Stuart Bodden President, Chief Executive Officer, Director | Melissa Cougle Chief Financial Officer | J. Matthew Hooker Senior Vice President - Well Services |
Business Overview |
Ranger Energy Services, Inc. is a provider of onshore high specification well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. The Company operates in three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs provides high specification well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well. The Wireline Services. provides services necessary to bring and maintain a well on production and consists of its wireline completion, wireline production and pump down lines of business. The processing Solutions and Ancillary Services provides other services often utilized in conjunction with its High Specification Rigs and Wireline Services segments. These services include equipment rentals, plug and abandonment, logistics, snubbing and coil tubing, and processing solutions. |
Financial Overview |
For the three months ended 31 March 2024, Ranger Energy Services Inc revenues decreased 13% to $136.9M. Net loss totaled $800K vs. income of $6.2M. Revenues reflect Wireline Services segment decrease of 34% to $32.8M, Processing Solutions and Ancillary Services segment decrease of 19% to $24.4M. Net loss reflects Wireline Services segment loss totaling $2.9M vs. income of $1.8M. |
Employees: | 2,000 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $248.54M as of Mar 31, 2024 |
Annual revenue (TTM): | $616.00M as of Mar 31, 2024 |
EBITDA (TTM): | $70.30M as of Mar 31, 2024 |
Net annual income (TTM): | $16.80M as of Mar 31, 2024 |
Free cash flow (TTM): | $46.60M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $11.70M as of Mar 31, 2024 |
Shares outstanding: | 22,883,296 as of Apr 30, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |