Ranger Energy Services Q1 2023 Earnings Report

Ranger Energy Services EPS Results

• Actual EPS: $0.25
• Consensus EPS: $0.33
• Beat/Miss: Missed by -$0.08
• One Year Ago EPS: N/A

Ranger Energy Services Revenue Results

• Actual Revenue: $157.50 million
• Expected Revenue: $157.00 million
• Beat/Miss: Beat by +$500.00 thousand
• YoY Revenue Growth: N/A

Ranger Energy Services Announcement Details

• Quarter: Q1 2023
• Date: 5/2/2023
• Time: N/A

Ranger Energy Services (NYSE:RNGR) provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs segment offers well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well; and well maintenance services. This segment also has a fleet of 402 well service rigs. The Wireline Services segment provides wireline production and intervention services to provide information to identify and resolve well production problems through cased hole logging, perforating, mechanical, and pipe recovery services; wireline completion services that are used primarily for pump down perforating operations to create perforations or entry holes through the production casing; and pumping services. This segment also has a fleet of 66 wireline units and 29 high-pressure pump trucks. The Processing Solutions and Ancillary Services segment rents well service-related equipment consisting of fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, and pipe handling tools; and coiled tubing, decommissioning, and snubbing services, as well as provides proprietary and modular equipment for the processing of natural gas streams. This segment also engages in the rental, installation, commissioning, start up, operation, and maintenance of mechanical refrigeration units, nitrogen gas liquid stabilizer units, nitrogen gas liquid storage units, and related equipment. Ranger Energy Services, Inc. was incorporated in 2017 and is headquartered in Houston, Texas.