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.
Ranger Energy Services, Inc. announced the appointment of Justin Whitley as General Counsel and Corporate Secretary, effective October 24, 2022. Stuart Bodden, CEO, expressed enthusiasm for Whitley's extensive experience in the oil and gas sector, emphasizing his operational partnership mentality. Whitley has nearly two decades of legal expertise, previously serving as Deputy General Counsel for Parker Wellbore. Ranger, a leading provider of mobile rig well services in the U.S. oil and gas industry, expects Whitley's legal insight to bolster its operations and strategic initiatives.
Ranger Energy Services, Inc. (NYSE:RNGR) will announce its third quarter 2022 financial results and host a conference call on October 28, 2022, at 10:00 a.m. ET. The company expects revenue between $330 million and $340 million for the second half of 2022, with full-year revenue projected to reach $610 million to $620 million. The adjusted EBITDA margins are estimated to be around 15%. The CEO expressed satisfaction with the revenue growth and margin expansion across the company's segments.
Ranger Energy Services, Inc. (NYSE:RNGR) announced that CEO Stuart Bodden and CFO Melissa Cougle will present at the Barclays CEO Energy-Power Conference 2022 on September 6, 2022, at 4:10 p.m. Eastern time. The Company is a leading provider of high specification mobile rig well services and cased hole wireline services in the U.S. oil and gas industry, supporting operations throughout a well's lifecycle, including completion, production, maintenance, and abandonment.
Ranger Energy Services (RNGR) reported strong financial results for Q2 2022, with revenues reaching $153.6 million, a 24% increase from Q1. Compared to Q2 2021, revenue rose 207%. The net loss improved to $0.4 million, down from a $5.7 million loss in the prior quarter. Adjusted EBITDA surged 88% to $18.0 million, driven by rising activity levels across all segments. Additionally, net debt was reduced by $21.8 million, enhancing liquidity. Management anticipates 2022 revenues will exceed $580 million, reflecting operational improvements and market demand.
Ranger Energy Services, Inc. (NYSE:RNGR) will announce its second quarter 2022 financial and operating results on August 1, 2022, before market opens. Following the release, a conference call will be hosted at 10:30 a.m. Eastern time to discuss the results. Interested participants can join the call by dialing 1-833-255-2829 or visiting the company's website for more details. Ranger is a leading provider of mobile rig well services and wireline services in the U.S. oil and gas sector, facilitating various phases of well lifecycle operations.
Ranger Energy Services, Inc. (NYSE: RNGR) has appointed Melissa Cougle as the new Chief Financial Officer, effective June 15, 2022. She replaces Brandon Blossman, who steps down to pursue other opportunities. Cougle, with nearly two decades of finance leadership experience in the energy sector, previously held CFO roles at Frank's International and National Energy Services Reunited. CEO Stuart Bodden expressed confidence in Cougle's strategic insight, emphasizing the company's recent acquisitions aimed at driving growth and cash flow generation.
Ranger Energy Services (RNGR) reported Q1 2022 revenues of $123.6 million, up $0.5 million from Q4 2021, despite weather and supply chain delays. High-Spec Rig revenue grew 9% to $64.9 million, with operating income increasing significantly to $7.7 million. However, the company posted a net loss of $5.7 million, contrasting with a net income of $24.4 million in Q4 due to prior acquisition gains. Adjusted EBITDA rose to $9.6 million. Ranger anticipates Q2 revenues of $135-$145 million and is targeting 15% EBITDA margins by year-end.
Ranger Energy Services, Inc. (NYSE:RNGR) is set to announce its first quarter 2022 financial results after market close on April 28, 2022. A conference call to discuss these results will take place on April 29, 2022, at 9:30 a.m. Eastern time. Interested participants can join by calling 1-833-255-2829 for domestic calls or 1-412-902-6710 for international inquiries, or via the company's website. Ranger Energy is a leading provider of mobile rig well services in the U.S. oil and gas industry.
Ranger Energy Services (RNGR) reported a substantial revenue increase of 51% in Q4 2021, totaling $123.1 million, up from $81.7 million in Q3. The net income surged to $24.4 million, a significant turnaround from a net loss of $9.1 million in the previous quarter, driven by a $37.2 million bargain purchase gain from the Basic Energy asset acquisition. Adjusted EBITDA rose to $9.1 million from $1.9 million. Looking ahead, Ranger anticipates Q1 2022 revenues of about $120 million and full-year revenues between $520 million and $560 million, marking an increase from earlier guidance.
Ranger Energy Services, Inc. (NYSE:RNGR) will disclose its fourth quarter 2021 financial results post-market on March 17, 2022. Following this, a conference call with the management is scheduled for March 18, 2022, at 9:30 a.m. Eastern time. Interested parties can join the call by dialing 1-833-255-2829 or via the company’s website. Ranger Energy specializes in well service rigs and associated services in the United States, focusing on horizontal well completion and production operations.