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. (NYSE: RNGR) is an oilfield services company focused on support activities for oil and gas operations in the U.S. onshore market. This news page aggregates company announcements, earnings releases and transaction updates so readers can follow how Ranger’s high specification rigs, wireline services, and processing and ancillary services business evolves over time.
Ranger’s news flow frequently covers quarterly results for its High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services segments, including trends in rig hours, stage counts, margins and non-GAAP measures such as Adjusted EBITDA and Free Cash Flow. Management commentary in these releases provides context on activity levels across U.S. land basins, production-focused service lines, and the company’s relationships with large onshore producers.
Investors can also track strategic developments such as the acquisition of American Well Services, which expanded Ranger’s fleet of high-specification rigs and presence in the Permian Basin, and technology initiatives like the Ranger ECHO hybrid electric workover rig and the Overwatch AI diagnostics platform. Governance and capital allocation updates, including share repurchase activity, quarterly dividends, executive plans and board changes, are disclosed through press releases and related Form 8-K filings.
Use this RNGR news feed to monitor earnings dates, conference call announcements, investor conference presentations, dual listing updates and other material events that the company chooses to highlight. Regularly reviewing these items can help readers understand how Ranger’s operational performance, acquisitions, technology programs and capital returns strategy interact within the U.S. onshore oil and gas services landscape.
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Ranger Energy Services, Inc. (NYSE:RNGR) is set to report its first quarter financial results on May 2, 2023, before market opening. A conference call to discuss these results will take place at 10:00 a.m. Eastern time on the same day. Interested participants can join the call either by phone or through the company’s website. Ranger Energy is recognized as a leading provider of high-specification mobile rig well services and related operations in the U.S. oil and gas sector, facilitating all phases of well lifecycle management.
Ranger Energy Services (NYSE: RNGR) reported strong financial growth for Q4 and FY2022. Q4 revenue reached $154.3 million, a 25% year-over-year increase, with a net income of $7.6 million ($0.30 per share). For the full year, revenue hit $608.5 million, up 108%, and net income was $15.1 million. Adjusted EBITDA skyrocketed to $79.5 million, a 521% increase year-over-year. The company anticipates FY2023 revenue between $685 million and $715 million, alongside improved EBITDA margins. Despite weather-related impacts in Q4, the firm continues to focus on debt reduction and strategic growth initiatives.
Ranger Energy Services, Inc. (NYSE:RNGR) will announce its fourth quarter and full year 2022 financial results on March 7, 2023, prior to market opening. The management will host a conference call the same day at 10:00 a.m. Eastern time for interested parties to discuss results and outlook. Investors can join the call by dialing 1-833-255-2829 or 1-412-902-6710 internationally, or by visiting www.rangerenergy.com. Ranger Energy is a leading provider of high specification mobile rig and wireline services in the U.S. oil and gas sector, facilitating various well lifecycle operations.
Ranger Energy Services reported strong fiscal Q3 2022 results, with revenue of $177.0 million, up 15% quarter-over-quarter and over 100% year-over-year. The company achieved a positive net income of $13.6 million, a turnaround from a net loss in Q2. Adjusted EBITDA rose by 69% to $30.3 million, exceeding 17% margins. Notable growth was seen in all segments, particularly Wireline Services, which grew 165% in adjusted EBITDA. Net debt decreased by 19% to $57.5 million.
Management forecasts $615-$620 million in full-year revenue and aims for further growth through strategic acquisitions.