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, 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.
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.