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 improved fiscal Q3 2020 results, with revenues increasing 13% to $34.6 million from Q2. Net loss decreased to $5.7 million, down from $8.9 million, aided by revenue growth and reduced expenses. Adjusted EBITDA rose to $4.4 million. The Company reduced net debt by $4 million and enhanced liquidity by 40% compared to late Q2. Performance in High Specification Rigs and Completion Services segments was notably strong, though Processing Solutions segment revenue declined slightly. CEO expressed cautious optimism for future growth amidst challenging market conditions.
Ranger Energy Services (NYSE:RNGR) is set to report its third quarter 2020 financial results on October 22, 2020, after market closure. The management will host an earnings conference call on October 23, 2020, at 10:00 a.m. Eastern time. Interested participants can join by calling 1-833-255-2829 or through the Company’s website. Ranger Energy specializes in providing well service rigs and related services in the U.S., focusing on unconventional horizontal well operations.