Education
About Us
Working with TipRanks
Follow Us
Ranger Energy Services (RNGR)
:RNGR
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.15Last Year’s EPS
-0.03Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -11.32%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Ranger Energy Services, Inc. showed strong financial and operational performance in 2024, with significant achievements in high-spec rigs and ancillary services. However, challenges remain in the wireline segment, and adverse weather conditions impacted the start of 2025. Despite these challenges, the overall sentiment leans towards a positive outlook due to strategic dividend increases and financial flexibility.Company Guidance
In the fourth quarter of 2024, Ranger Energy Services, Inc. reported revenue of $143.1 million and adjusted EBITDA of $21.9 million, achieving a notable margin of 15.3%, a 320 basis point improvement over the previous year. High-spec rigs set a quarterly revenue record at $87 million, contributing to a full-year revenue of $336.1 million and adjusted EBITDA of $70.5 million, up 7% and 10% respectively. Ancillary services also reached new heights with $124.8 million in revenue and $26.6 million in adjusted EBITDA, marking an 18% increase. Despite challenges in the wireline segment, where revenue dropped by 50% year-over-year, the company achieved a full-year free cash flow of $50.4 million, representing 64% of adjusted EBITDA. Looking ahead to 2025, Ranger anticipates stable activity levels, with high-spec rigs and ancillary services projected for modest growth, while wireline revenues may slightly decline. The company plans to maintain maintenance CapEx at 4-6% of revenue, reflecting a continued focus on disciplined capital allocation and shareholder returns, including a 20% increase in the regular quarterly dividend to $0.06 per share.Strong Year-End Performance
Ranger Energy Services closed out 2024 with strong performance, delivering outperformance in operational execution, disciplined cost management, and capital allocation. The company reported revenue of $143.1 million and adjusted EBITDA of $21.9 million with a margin of 15.3%, marking the best profitability on record for the fourth quarter period.
Dividend Increase
Announced an increase in the regular quarterly dividend from $0.05 per share to $0.06 per share, demonstrating confidence in business stability and commitment to shareholder returns.
High-Spec Rigs Business Success
The high-spec rigs business achieved record quarterly revenue of $87 million and adjusted EBITDA of $19 million, up 21% over the same period last year. For the full year, high-spec rigs had revenues of $336.1 million and adjusted EBITDA of $70.5 million, with year-over-year growth of 7% and 10% respectively.
Ancillary Services Growth
Ancillary services reported its best year, with revenue of $124.8 million and adjusted EBITDA of $26.6 million, increases of 1% and 18% respectively year-over-year. This was driven by plug-in abandonment, rentals, and Torrent service lines.
Strong Balance Sheet
The company ended the year with $40.9 million in cash and zero long-term debt, highlighting strong financial flexibility and the ability to pursue strategic opportunities.
---
RNGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
RNGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $16.08 | $15.74 | -2.11% |
| Oct 28, 2024 | $12.24 | $12.53 | +2.37% |
| Jul 29, 2024 | $11.17 | $12.68 | +13.52% |
| May 07, 2024 | $9.84 | $9.81 | -0.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Ranger Energy Services (RNGR) report earnings?
Ranger Energy Services (RNGR) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Ranger Energy Services (RNGR) earnings time?
Ranger Energy Services (RNGR) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RNGR EPS forecast?
RNGR EPS forecast for the fiscal quarter 2025 (Q1) is 0.15.
---