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Ranger Energy Services (RNGR)
:RNGR
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Earnings Data
Report Date
Mar 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.21Last Year’s EPS
0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 43.12%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a largely positive sentiment with record-setting performances in key segments such as High Specification Rigs and Ancillary Services, strong financial results, and a robust balance sheet. While challenges exist in the Wireline segment and expected seasonal declines, the company's growth prospects for 2025 remain promising.Company Guidance
In the Ranger Energy Services Q3 2024 earnings call, the company provided guidance emphasizing its strong performance despite challenging market conditions. The High Specification Rig segment achieved a record quarterly revenue of $86.7 million and adjusted EBITDA of $19.2 million, with gross margins at 22%. Ancillary Services saw revenues of $36 million and adjusted EBITDA of $8.8 million, marking a 17% revenue increase and a 21% EBITDA increase over the previous quarter. Coiled tubing revenue grew by 33% and EBITDA by 52% quarter-over-quarter. The Wireline segment also showed improvement with revenues up by 24% from the previous quarter, reaching $30.3 million, and adjusted EBITDA at $2.7 million. The company anticipates continued growth into 2025, driven by strong customer demand and strategic investments, despite expected seasonal impacts in Q4. Ranger also highlighted its shareholder return strategy, having returned over 80% of its free cash flow year-to-date through dividends and stock repurchases.Record Performance in High Specification Rig Segment
High Specification Rig segment set another quarterly record for revenue and adjusted EBITDA with revenues of $86.7 million and adjusted EBITDA of $19.2 million, resulting in gross margins of 22%.
Strong Ancillary Services Performance
Ancillary Services achieved near-record results with revenues of $36 million and adjusted EBITDA of $8.8 million, resulting in an impressive gross margin of 25%. Coiled tubing increased revenue by 33% and EBITDA by 52% over last quarter with record margins.
Robust Financial Metrics
Ranger delivered the second best quarterly results in the company's history with sales of $153 million and adjusted EBITDA of $25.1 million. The company also returned over 80% of free cash flow year-to-date to shareholders through dividends and share repurchases.
Resilient Balance Sheet and Liquidity
Ranger maintained a net debt 0 position with $86.1 million of liquidity, providing flexibility to manage the business for shareholder benefit.
Positive Outlook for 2025
Increasing confidence in achieving year-over-year growth, with High Specification Rigs continuing to be a market leader and Ancillary Services poised for further growth.
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RNGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RNGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $12.29 | $12.59 | +2.44% |
| Jul 29, 2024 | $11.21 | $12.73 | +13.56% |
| May 07, 2024 | $9.89 | $9.86 | -0.30% |
| Mar 04, 2024 | $10.26 | $11.03 | +7.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ranger Energy Services (RNGR) report earnings?
Ranger Energy Services (RNGR) is schdueled to report earning on Mar 07, 2025, TBA Not Confirmed.
What is Ranger Energy Services (RNGR) earnings time?
Ranger Energy Services (RNGR) earnings time is at Mar 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RNGR EPS forecast?
RNGR EPS forecast for the fiscal quarter 2024 (Q4) is 0.21.
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