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 (RNGR) provides essential onshore well services and processing solutions for the energy sector. This news hub offers investors and industry professionals centralized access to official updates and market-relevant developments.
Track critical announcements including quarterly earnings, equipment deployments, and operational milestones. Our curated collection features press releases covering rig fleet expansions, wireline service innovations, and strategic partnerships within the oilfield services sector.
Key updates include technical service enhancements, safety protocol implementations, and market expansion initiatives. Users will find detailed information on RNGR's high-specification rig operations, completion services advancements, and processing technology deployments.
Bookmark this page for streamlined access to Ranger Energy Services' official communications. Check regularly for verified updates about their specialized well intervention solutions and E&P sector support services.
Ranger Energy Services (RNGR) reported strong financial results for Q2 2022, with revenues reaching $153.6 million, a 24% increase from Q1. Compared to Q2 2021, revenue rose 207%. The net loss improved to $0.4 million, down from a $5.7 million loss in the prior quarter. Adjusted EBITDA surged 88% to $18.0 million, driven by rising activity levels across all segments. Additionally, net debt was reduced by $21.8 million, enhancing liquidity. Management anticipates 2022 revenues will exceed $580 million, reflecting operational improvements and market demand.
Ranger Energy Services, Inc. (NYSE:RNGR) will announce its second quarter 2022 financial and operating results on August 1, 2022, before market opens. Following the release, a conference call will be hosted at 10:30 a.m. Eastern time to discuss the results. Interested participants can join the call by dialing 1-833-255-2829 or visiting the company's website for more details. Ranger is a leading provider of mobile rig well services and wireline services in the U.S. oil and gas sector, facilitating various phases of well lifecycle operations.
Ranger Energy Services, Inc. (NYSE: RNGR) has appointed Melissa Cougle as the new Chief Financial Officer, effective June 15, 2022. She replaces Brandon Blossman, who steps down to pursue other opportunities. Cougle, with nearly two decades of finance leadership experience in the energy sector, previously held CFO roles at Frank's International and National Energy Services Reunited. CEO Stuart Bodden expressed confidence in Cougle's strategic insight, emphasizing the company's recent acquisitions aimed at driving growth and cash flow generation.
Ranger Energy Services (RNGR) reported Q1 2022 revenues of $123.6 million, up $0.5 million from Q4 2021, despite weather and supply chain delays. High-Spec Rig revenue grew 9% to $64.9 million, with operating income increasing significantly to $7.7 million. However, the company posted a net loss of $5.7 million, contrasting with a net income of $24.4 million in Q4 due to prior acquisition gains. Adjusted EBITDA rose to $9.6 million. Ranger anticipates Q2 revenues of $135-$145 million and is targeting 15% EBITDA margins by year-end.
Ranger Energy Services, Inc. (NYSE:RNGR) is set to announce its first quarter 2022 financial results after market close on
Ranger Energy Services (RNGR) reported a substantial revenue increase of 51% in Q4 2021, totaling $123.1 million, up from $81.7 million in Q3. The net income surged to $24.4 million, a significant turnaround from a net loss of $9.1 million in the previous quarter, driven by a $37.2 million bargain purchase gain from the Basic Energy asset acquisition. Adjusted EBITDA rose to $9.1 million from $1.9 million. Looking ahead, Ranger anticipates Q1 2022 revenues of about $120 million and full-year revenues between $520 million and $560 million, marking an increase from earlier guidance.
Ranger Energy Services, Inc. (NYSE:RNGR) will disclose its fourth quarter 2021 financial results post-market on March 17, 2022. Following this, a conference call with the management is scheduled for March 18, 2022, at 9:30 a.m. Eastern time. Interested parties can join the call by dialing 1-833-255-2829 or via the company’s website. Ranger Energy specializes in well service rigs and associated services in the United States, focusing on horizontal well completion and production operations.
Ranger Energy Services (RNGR) reported a 63% sequential revenue growth to $81.7 million for Q3 2021, primarily driven by wireline acquisitions, including the recent Basic Energy Asset Acquisition. However, the company maintains a consistent net loss of $9.1 million despite operational enhancements. Adjusted EBITDA rose to $3.3 million, a 65% increase from Q2. The CEO emphasized successful integrations and anticipated margin improvements, despite current challenges in generating sustainable cash flow and increased debt levels, now totaling $70.1 million.
Ranger Energy Services, Inc. (NYSE:RNGR) will announce its third quarter 2021 financial results after market close on November 4, 2021. The management will host a conference call on November 5, 2021, at 10:00 a.m. Eastern time, to discuss the results. Participants can join the call by dialing 1-833-255-2829 domestically or 1-412-902-6710 for international access, or via the Company's website. A replay will also be available on the website following the call.
Ranger Energy Services (NYSE: RNGR) has finalized the acquisition of specific assets from Basic Energy Services as part of Basic's bankruptcy proceedings, approved by the U.S. Bankruptcy Court on September 23, 2021. The acquisition, valued at approximately $36.65 million, was funded through a private placement. The company also secured a $77.5 million credit facility to support this growth initiative. CEO Stuart Bodden expressed optimism about integrating Basic's expertise into Ranger's operations, aiming to enhance stockholder value.
