Ranger Energy Services Reports Record 2024 Performance

Ranger Energy Services ( (RNGR) ) has released its Q4 earnings. Here is a breakdown of the information Ranger Energy Services presented to its investors.

Ranger Energy Services, Inc. is a prominent 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 latest earnings report, Ranger Energy Services announced record performance for 2024, particularly in High-Specification Rigs and Ancillary Services, alongside significant shareholder returns through dividends and share repurchases. The company reported a full-year revenue of $571.1 million and a net income of $18.4 million, with a notable increase in Adjusted EBITDA margin to 13.8%. The High-Specification Rigs segment delivered record revenue, while Ancillary Services saw improved profitability, particularly in Plugging and Abandonment and Rentals. Looking ahead, Ranger Energy Services remains optimistic about its ability to drive growth and create value, expecting modest year-over-year growth in key service lines despite a flat industry backdrop.