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Ranger Energy Services, Inc. - RNGR STOCK NEWS

Welcome to our dedicated page for Ranger Energy Services news (Ticker: RNGR), a resource for investors and traders seeking the latest updates and insights on Ranger Energy Services stock.

Ranger Energy Services, Inc. (symbol: RNGR) is a key player in the United States' onshore energy sector, providing high-specification well service rigs, wireline completion services, and comprehensive processing solutions. Established to support exploration and production (E&P) companies, Ranger Energy Services operates through three primary segments: High Specification Rigs, Completion and Other Services, and Processing Solutions.

The High Specification Rigs segment offers a fleet of 139 well service rigs, along with complementary equipment and services that facilitate operations throughout the lifecycle of a well. This includes the rental of fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, and pipe handling tools. Such services are essential for maintaining and enhancing well productivity.

The Completion and Other Services segment is dedicated to wireline completion services, which are crucial for bringing wells into production. This segment also provides various ancillary services that complement rig operations, ensuring seamless production and maintenance of wells.

Ranger Energy's Processing Solutions segment delivers proprietary solutions that are integral to the oil and gas extraction process. The company’s holistic approach and diverse service offerings enable it to meet the evolving needs of its clients and maintain a competitive edge in the market.

Recent achievements for Ranger Energy Services include strategic partnerships and continuous enhancement of their service capabilities, which have solidified their reputation as a reliable service provider in the energy industry. Currently, the company is engaged in innovative projects aimed at optimizing well performance and extending the productive life of wells.

With a strong financial position and a commitment to operational excellence, Ranger Energy Services is well-positioned to capitalize on opportunities within the energy sector and deliver value to its shareholders. The company's focus on high-specification equipment and services underpins its strategic advantage in the competitive landscape.

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Ranger Energy Services, Inc. (NYSE:RNGR) has announced its schedule for releasing second quarter 2024 financial and operating results. The company will report its results after the market closes on Monday, July 29, 2024. Following this, management will host an earnings conference call on Tuesday, July 30, 2024, at 9:00 a.m. Eastern time (8:00 a.m. Central time).

Interested parties can join the call by dialing 1-833-255-2829 for domestic calls or 1-412-902-6710 for international calls. Alternatively, they can access the call via the company's website at www.rangerenergy.com. A replay of the conference call will be available on the company's website after the call concludes.

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Ranger Energy Services, Inc. announced Q1 2024 results with revenue of $136.9 million, a 13% decrease from Q1 2023. Net loss of $0.8 million, adjusted EBITDA of $10.9 million, and free cash flow of $5.5 million. The company repurchased 846,900 shares for $8.5 million and declared a quarterly dividend of $0.05 per share. Despite challenges in completions market, the company remains optimistic about future opportunities.

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Ranger Energy Services, Inc. (NYSE:RNGR) has announced the date for its first quarter 2024 earnings conference call. The Company will release its financial and operating results on Tuesday, May 7, 2024, before the market opens. The earnings conference call will be hosted by the Company's management at 9:00 a.m. Eastern time. Interested parties can join the call via phone or the Company's website, with a replay available afterward on the website.
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International Seaways, Inc. (NYSE: INSW) announced the nomination of new independent directors, Kristian K. Johansen and Darron M. Anderson, for election at the 2024 Annual Meeting of Stockholders. The Company will refresh its Board by nominating these directors, with Joseph I. Kronsberg retiring. The nominations follow discussions with Seatankers Group and an independent search process. The Company aims to leverage the new directors' expertise to drive strong earnings and execute its capital allocation strategy.
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Ranger Energy Services, Inc. (RNGR) reported strong financial results for the fourth quarter and full year 2023, with a 5% increase in revenue to $636.6 million, net income of $23.8 million, and Adjusted EBITDA of $84.4 million. The company executed a capital allocation strategy involving debt pay down, dividend initiation, and share repurchases, returning $21.7 million to shareholders in 2023. Additionally, Ranger published its first Sustainability Report.
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Ranger Energy Services, Inc. (RNGR) will announce its Q4 and full-year 2023 financial results on March 5, 2024. The management will host an earnings conference call for investors. The CEO and CFO will participate in key industry conferences to discuss business strategies.
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Ranger Energy Services announces the appointment of Carla Mashinski and Sean Woolverton to its Board of Directors, effective January 1, 2024. William Austin and Richard Agee will retire from the Board, and Michael Kearney will succeed Mr. Austin as Chairman. The new members bring decades of experience in the oil and gas industry.
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Ranger Energy Services, Inc. (NYSE: RNGR) reported its third-quarter 2023 results. Revenue increased by 1% to $164.4 million compared to the second quarter. Net income was $9.4 million, up from $6.1 million in the previous quarter. Adjusted EBITDA increased by 10% to $24.0 million. Year-to-date revenue increased by 7% to $485.1 million compared to the prior year. Net income tripled to $21.7 million. Adjusted EBITDA increased by 14% to $66.0 million.
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Ranger Energy Services to report Q3 financial and operating results on October 31, 2023
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Ranger Energy Services to present at Sidoti Small-Cap Virtual Conference on Sep 21, 2023
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FAQ

What services does Ranger Energy Services, Inc. provide?

Ranger Energy Services, Inc. provides high-specification well service rigs, wireline completion services, and processing solutions for the oil and gas industry.

What are the main segments of Ranger Energy Services?

The main segments are High Specification Rigs, Completion and Other Services, and Processing Solutions.

How many well service rigs does Ranger Energy Services operate?

Ranger Energy Services operates a fleet of 139 well service rigs.

What are wireline completion services?

Wireline completion services are essential for bringing a well into production and include various technical processes to enhance oil and gas flow.

What type of equipment does Ranger Energy Services rent out?

The company rents out fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, and pipe handling tools.

How does Ranger Energy Services support the lifecycle of a well?

Ranger Energy Services supports the lifecycle of a well through high-specification rigs, wireline completion services, and comprehensive processing solutions.

What makes Ranger Energy Services unique?

Ranger Energy Services is unique due to its comprehensive service offerings, strategic partnerships, and continuous innovation in well performance optimization.

How does Ranger Energy Services maintain its competitive edge?

The company maintains its competitive edge through high-specification equipment, a wide range of services, and a commitment to operational excellence.

What financial position does Ranger Energy Services hold?

Ranger Energy Services holds a strong financial position, enabling it to capitalize on opportunities within the energy sector.

What recent achievements has Ranger Energy Services accomplished?

Recent achievements include strategic partnerships and enhancements in service capabilities, bolstering their position in the energy industry.

Ranger Energy Services, Inc.

NYSE:RNGR

RNGR Rankings

RNGR Stock Data

251.72M
22.88M
4.93%
69.1%
1.83%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
HOUSTON