Ranger Energy Services Reports Q1 2025 Financial Results

Ranger Energy Services ( (RNGR) ) has released its Q1 earnings. Here is a breakdown of the information Ranger Energy Services presented to its investors.

Ranger Energy Services, Inc. is a leading provider of high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry, facilitating operations throughout the lifecycle of a well. In its first quarter of 2025, Ranger Energy Services reported a revenue of $135.2 million, a slight decline from the previous year and quarter, with net income reaching $0.6 million, marking an improvement from a net loss in the same quarter of 2024. The company’s Adjusted EBITDA saw a significant year-over-year increase to $15.5 million, despite a quarter-over-quarter decline, primarily due to weather-related challenges impacting its Wireline Services segment. The High Specification Rigs segment showed resilience with increased revenue and operating income, while the Processing Solutions and Ancillary Services segment also demonstrated growth compared to the previous year. However, the Wireline Services segment faced substantial revenue and EBITDA losses due to adverse weather conditions. Looking ahead, Ranger Energy Services remains optimistic about its prospects, supported by strong relationships with major U.S. onshore producers and a robust balance sheet, positioning the company to navigate market uncertainties and pursue opportunities for long-term shareholder value.