Ranger Energy Services, Inc. (RNGR) Income Statement Analysis

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Complete financial analysis of Ranger Energy Services, Inc. (RNGR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ranger Energy Services, Inc., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.

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Ranger Energy Services, Inc. (RNGR)

Industry: Oil & Gas Equipment & Services

Sector: Energy

Website: https://www.rangerenergy.com

About Ranger Energy Services, Inc.

Ranger Energy Services, Inc. provides onshore high specification well service rigs, wireline completion 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 540 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 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 68 wireline units and four 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; decommissioning services; fluid management services; offers proprietary and modular equipment for the processing of natural gas; coil tubing services; and snubbing services. 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 2014 and is based in Houston, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	636.60M	608.50M	293.10M	187.80M	336.90M	303.10M	154.00M	52.80M	21.20M
Cost of Revenue	571.60M	548.30M	300.10M	182.90M	297.80M	267.20M	144.20M	45.90M	18.20M
Gross Profit	65.00M	60.20M	-7.00M	4.90M	39.10M	35.90M	9.80M	6.90M	3.00M
Gross Profit Ratio	10.21%	9.89%	-2.39%	2.61%	11.61%	11.84%	6.36%	13.07%	14.15%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	29.50M	39.90M	33.50M	20.00M	26.70M	29.00M	30.40M	11.40M	7.80M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	29.50M	39.90M	33.50M	20.00M	26.70M	29.00M	30.40M	11.40M	7.80M
Other Expenses	0.00	45.00M	36.80M	32.90M	34.80M	39.30M	17.80M	0.00	0.00
Operating Expenses	25.30M	39.90M	33.50M	20.00M	26.70M	29.00M	30.40M	11.40M	7.80M
Cost & Expenses	599.70M	588.20M	333.60M	202.90M	324.50M	296.20M	174.60M	57.30M	26.00M
Interest Income	0.00	7.30M	5.00M	3.40M	5.80M	0.00	0.00	0.00	0.00
Interest Expense	3.50M	7.30M	4.80M	3.40M	5.80M	3.70M	6.30M	500.00K	300.00K
Depreciation & Amortization	39.90M	44.40M	36.80M	35.00M	34.80M	30.30M	17.80M	6.60M	2.10M
EBITDA	74.40M	67.70M	33.30M	19.90M	47.20M	28.20M	-2.80M	2.10M	-4.30M
EBITDA Ratio	11.69%	10.63%	11.36%	10.60%	14.01%	12.27%	-1.82%	3.98%	-12.74%
Operating Income	36.90M	19.70M	-3.50M	-15.10M	12.40M	-2.10M	-20.60M	-4.50M	-6.40M
Operating Income Ratio	5.80%	3.24%	-1.19%	-8.04%	3.68%	-0.69%	-13.38%	-8.52%	-30.19%
Total Other Income/Expenses	-5.90M	-3.70M	32.20M	-1.30M	-5.80M	-3.70M	-6.30M	-500.00K	-300.00K
Income Before Tax	31.00M	16.00M	-8.30M	-18.50M	6.60M	-5.80M	-26.90M	-5.00M	-6.70M
Income Before Tax Ratio	4.87%	2.63%	-2.83%	-9.85%	1.96%	-1.91%	-17.47%	-9.47%	-31.60%
Income Tax Expense	7.20M	900.00K	-6.20M	-2.70M	2.20M	-2.50M	-400.00K	0.00	-6.70M
Net Income	23.80M	15.10M	-2.10M	-15.80M	4.40M	-3.30M	-6.60M	-5.00M	-6.70M
Net Income Ratio	3.74%	2.48%	-0.72%	-8.41%	1.31%	-1.09%	-4.29%	-9.47%	-31.60%
EPS	0.97	0.66	-0.18	-1.85	0.51	-0.39	-0.78	-0.74	-0.99
EPS Diluted	0.95	0.65	-0.15	-1.85	0.51	-0.39	-0.78	-0.74	-0.99
Weighted Avg Shares Out	24.60M	22.97M	11.86M	8.53M	8.63M	8.43M	8.41M	6.79M	6.79M
Weighted Avg Shares Out (Dil)	24.99M	23.37M	13.55M	8.53M	8.63M	8.43M	8.41M	6.79M	6.79M

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