MARKET COMPOSITE
RNGR - Ranger Energy Services Inc8:00:02 PM 4/18/2024
Price
$10.71
-0.14 (-1.29%)
Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline completion services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The High Specification Rigs segment offers well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well. It also rents well service-related equipment consisting of fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, and pipe handling tools. This segment also has a fleet of 139 well service rigs. The Completion and Other Services segment provides wireline completion services necessary to bring a well on production and other ancillary services utilized in conjunction with rig services to maintain the production of a well. The Processing Solutions segment offers proprietary and modular equipment for the processing of natural gas. The company was founded in 2017 and is based in Houston, Texas.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue151.5MM-8%
Gross Profit21.8MM-
Cost Of Revenue129.7MM-4%
Operating Income4.6MM-61%
Operating Expenses17.2MM-
Net Income2.1MM-78%
G&A6.8MM-3%
Amortization100K-50%
Interest Expense700K-
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