Welcome to our dedicated page for Ranger Energy Se news (Ticker: RNGR), a resource for investors and traders seeking the latest updates and insights on Ranger Energy Se stock.
Overview
Ranger Energy Services Inc (RNGR) is an established provider of onshore high-specification well service rigs, precision wireline completion services, and innovative processing solutions. Operating primarily in the oil and gas sector, the company delivers comprehensive well-site services that are critical in establishing and maintaining the productive lifecycle of wells. With a strong focus on high-quality rigs and ancillary services, Ranger Energy Services Inc caters to the technical needs of exploration and production companies by offering essential equipment and phase-specific support.
Core Business Areas
The company functions through three distinct but interlinked segments which collectively reinforce its market presence:
- High Specification Rigs: This segment provides advanced well service rigs and complementary equipment such as fluid pumps, power swivels, hydraulic catwalks, and specialized well control packages. These rigs support a variety of operations throughout the lifecycle of a well and ensure operational efficiency on onshore drilling sites.
- Wireline Services and Completion Solutions: Focused on delivering critical wireline completion services, this segment plays a vital role in transitioning a well into production. It encompasses specialized downhole operations and ancillary services designed to optimize the performance of wells.
- Processing Solutions and Ancillary Services: Complementing its primary offerings, this segment provides proprietary processing solutions and additional ancillary support, ensuring streamlined well site activities and contributing to the overall efficiency and safety protocols in the field.
Market Position and Industry Significance
Ranger Energy Services Inc holds a significant position in the onshore oil and gas services market, addressing the core operational challenges of exploration and production companies. By specializing in high-specification rigs and integrated well services, the company fulfills a niche that requires both technical precision and operational versatility. Its operations are designed to support the entire well lifecycle, from initial drilling support to well completion and production maintenance, making it an essential partner for industry participants.
Operational Excellence and Strategic Insights
The company emphasizes operational excellence by ensuring its fleet of well service rigs and specialized equipment meet stringent industry standards. Its approach is characterized by an emphasis on reliability, technical innovation, and adherence to rigorous safety protocols. This is achieved through a combination of advanced technological integration, comprehensive maintenance programs, and a strategic focus on the evolving needs of the oil and gas production cycle.
Service Integration and Customer Focus
Understanding that oil and gas operations demand efficiency and adaptability, Ranger Energy Services Inc integrates its services to offer a seamless experience for its clients. Customers benefit from an array of well-site services tailored to the specific phases of production, which include:
- Enhanced rig services that support both drilling and well intervention.
- Tailored wireline completion operations that facilitate a smooth transition from drilling to production.
- Complementary processing solutions designed to support ancillary well site activities.
Industry Terminology and Technical Insights
In the context of high-specification well service, terms such as "wireline completion" and "processing solutions" represent key technical areas that demand precision and reliability. Ranger Energy Services Inc leverages state-of-the-art equipment and operational methodologies to deliver services that not only meet but exceed industry benchmarks. This technical expertise, along with comprehensive customer service, underscores the company's competence and establishes its credibility in the competitive E&P services landscape.
Competitive Landscape and Differentiators
In a sector characterized by stringent operational demands and complex technical requirements, Ranger Energy Services Inc differentiates itself through its focused service portfolio and integrated operational model. The company's emphasis on high-specification equipment and specialized wireline services enables it to address the intricate requirements of modern well operations. This disciplined approach positions it effectively against competitors that may offer more generalized service portfolios, thereby enhancing its appeal among exploration and production companies seeking specialized, reliable support.
Conclusion
Overall, Ranger Energy Services Inc represents a comprehensive solution provider within the onshore oil and gas services industry. Its dedication to delivering high-quality well service rigs, precision-based wireline completion, and integrated processing solutions serves as a testament to its technical expertise and operational rigor. Investors and industry observers can appreciate the company's methodical approach to addressing the complex needs of the exploration and production sector, which reinforces its standing as a crucial component in the broader energy services market.
Stem (NYSE: STEM) has strengthened its Board of Directors with two strategic appointments effective March 17, 2025. Krishna Shivram, Managing Partner at Veritec Capital Partners, joins as Class I director, bringing expertise in corporate finance and M&A. Vasudevan (Vasu) Guruswamy, with 30+ years in energy software leadership, joins as Class III director.
These appointments align with Stem's software-forward strategy and focus on disciplined financial management. Shivram currently serves on boards of Ranger Energy Services and Allison Transmission Holdings, while Guruswamy brings experience as a former global VP of software services for a leading energy technology company.
Board Chairman David Buzby emphasized that these appointments, combined with recent senior executive additions, position Stem to build a world-class energy software company.
Ranger Energy Services (NYSE: RNGR) reported strong Q4 and full year 2024 results, with annual revenue of $571.1 million and net income of $18.4 million ($0.81 per share). The company achieved full-year Adjusted EBITDA of $78.9 million with 13.8% margin.
Key highlights include record Q4 profitability, $50.4 million in Free Cash Flow for 2024, and enhanced shareholder returns with over 40% of FCF returned through dividends and buybacks. The company increased its quarterly dividend by 20% to $0.06 per share.
High-Specification Rigs segment delivered record performance, while Ancillary Services showed improved profitability in Plugging and Abandonment, Rentals, and Torrent services. However, the Wireline Services segment experienced seasonal decline in Q4.
The company ended 2024 with $112.1 million in liquidity, including $40.9 million cash on hand. Through its share repurchase program, Ranger bought back 1.52 million shares in 2024 at an average price of $10.11 per share.
Ranger Energy Services (NYSE:RNGR) has scheduled its fourth quarter and full year 2024 earnings release for Monday, March 3, 2025, after market close. The company will host an earnings conference call on Tuesday, March 4, 2025, at 10:00 a.m. Eastern time (9:00 a.m. Central time).
Investors can participate in the call by dialing 1-833-255-2829 (domestic) or 1-412-902-6710 (international). The call and replay will also be accessible through the company's website at www.rangerenergy.com.
Ranger Energy Services (NYSE: RNGR) reported Q3 2024 results with revenue of $153.0 million, up 11% from Q2 but down 7% year-over-year. Net income reached $8.7 million ($0.39 per share), showing an 85% increase from Q2. Adjusted EBITDA was $25.1 million, up 20% quarter-over-quarter. The company generated Free Cash Flow of $10.8 million and continued its shareholder returns with 155,200 shares repurchased during Q3. High Specification Rigs segment achieved record revenues, while Wireline Services showed improvement in margins despite lower completions activity.
Ranger Energy Services, Inc. (NYSE:RNGR) has announced its schedule for the third quarter 2024 earnings conference call. The company will release its financial and operating results before the market opens on Monday, October 28, 2024. Following this, management will host an earnings conference call at 10:00 a.m. Eastern time (9:00 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, requesting to join the Ranger Energy Services call. Alternatively, participants 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 event.
Ranger Energy Services (NYSE: RNGR) reported Q2 2024 results with revenue of $138.1 million, a slight increase from Q1 2024 but down from Q2 2023. Net income was $4.7 million ($0.21 per share), up from a Q1 2024 loss but down year-over-year. Adjusted EBITDA reached $21.0 million, a 93% improvement from Q1 2024. The company's High Specification Rig segment set a new revenue record of $82.7 million. Ranger repurchased 518,200 shares for $5.3 million in Q2, bringing total repurchases to 14% of outstanding shares. The company declared a $0.05 quarterly dividend and reported Free Cash Flow of $6.8 million for the quarter.
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.
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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