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.
Ranger Energy Services, Inc. provides high specification mobile rig well services, cased hole wireline services, processing solutions and ancillary services for the U.S. oil and gas industry. Its services support well completion, production, maintenance, intervention, workover and abandonment activity, with High Specification Rigs, Wireline Services, Processing Solutions and Ancillary Services as recurring operating categories.
Company news commonly covers quarterly and annual operating results, rig utilization, pricing and margins, wireline activity, plug and abandonment work, and customer contracts tied to its rig fleet. Updates also include the integration of American Well Services, capital returns through dividends and share repurchases, investor conference participation, and material agreements affecting Ranger's service capacity and capital structure.
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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