Ranger Energy Services, Inc. RNGR
Ranger Energy Services, Inc. ("Ranger, Inc.," "Ranger," "we," "us," "our" or the "Company") is a provider of onshore high specification well service rigs, wireline services, and additional processing solutions and ancillary services in the United States ("U.S."). The Company provides an extensive range of well site services to leading U.S. E&P companies that are fundamental to establishing and maintaining the flow of oil and natural gas throughout the productive life of a well.
Our service offerings consist of well completion support, well workover and maintenance, wireline associated services, and other complementary services, as well as installation, commissioning and operating of modular equipment, which are conducted in three reportable segments, as follows:
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $546.9M | $571.1M | $636.6M | $608.5M | $293.1M | $187.8M | $336.9M | $303.1M | $154.0M | $52.8M |
| SG&A | $29.6M | $27.8M | $29.5M | $39.9M | $34.6M | $22.1M | $26.7M | $29.0M | $30.4M | $11.4M |
| Total operating expenses | $531.5M | $542.5M | $599.7M | $588.8M | $333.6M | $205.0M | $324.5M | $305.2M | $174.6M | $57.3M |
| Operating income | $15.4M | $28.6M | $36.9M | $19.7M | -$40.5M | -$17.2M | $12.4M | -$2.1M | -$20.6M | -$4.5M |
| Interest expense | $1.2M | $2.6M | $3.5M | $7.3M | $5.0M | $3.4M | $5.8M | $3.7M | $6.3M | $500.0K |
| Pre-tax income | $17.8M | $26.0M | $31.0M | $16.0M | -$8.3M | -$18.5M | $6.6M | -$5.8M | -$26.9M | -$5.0M |
| Income tax | $5.5M | $7.6M | $7.2M | $900.0K | $6.2M | $0 | $2.2M | $0 | $400.0K | — |
| Net income | $12.3M | $18.4M | $23.8M | $15.1M | $8.6M | -$10.3M | $1.8M | -$3.3M | -$6.6M | -$5.0M |
| EPS, basic | 0.55 | 0.82 | 0.97 | 0.66 | 0.73 | -1.21 | 0.21 | -0.39 | -0.78 | — |
| EPS, diluted | 0.54 | 0.81 | 0.95 | 0.65 | 0.63 | -1.21 | 0.21 | -0.39 | -0.78 | — |
| Shares, diluted (wtd. avg.) | $22.7M | $22.9M | $25.0M | $23.4M | $13.6M | $8.5M | $8.6M | $8.4M | $8.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $10.3M | $40.9M | $15.7M | $3.7M | $600.0K | $2.8M | $6.9M | $2.6M | $5.3M | $3.4M |
| Receivables | $77.9M | $68.4M | $85.4M | $91.2M | $80.8M | $25.9M | $41.5M | $45.4M | $32.1M | $13.4M |
| Inventory | $3.1M | $5.7M | $6.4M | $5.9M | $2.5M | $2.3M | $3.8M | $4.9M | $1.5M | — |
| Total current assets | $121.2M | $143.9M | $135.4M | $140.1M | $105.2M | $35.7M | $58.7M | $61.1M | $49.1M | $22.3M |
| Property, plant and equipment | — | — | — | — | $270.6M | $189.4M | $218.9M | $229.8M | $189.2M | $102.4M |
| Goodwill | — | — | — | — | — | — | — | $0 | $9.0M | $1.6M |
| Other intangibles | $4.9M | $5.6M | $6.3M | $7.1M | $7.8M | $8.5M | $9.3M | $10.0M | $10.8M | $9.2M |
| Total assets | $419.3M | $381.6M | $378.0M | $381.6M | $393.1M | $240.6M | $293.5M | $302.5M | $259.7M | $135.7M |
| Accounts payable | $25.3M | $27.2M | $31.3M | $24.3M | $20.7M | $10.5M | $13.8M | $17.2M | $32.0M | $4.7M |
| Short-term debt | $3.5M | $0 | $100.0K | $6.8M | $44.1M | $10.0M | $15.8M | $15.8M | $1.3M | $2.3M |
| Total current liabilities | $69.2M | $65.2M | $69.0M | $74.5M | $102.7M | $33.0M | $55.1M | $58.9M | $52.9M | $11.9M |
| Long-term debt | — | $0 | $0 | $11.6M | $18.4M | $14.5M | $26.6M | $44.7M | $5.8M | $9.8M |
| Total liabilities | $119.2M | $107.8M | $106.2M | $115.4M | $144.4M | $55.8M | $90.5M | $110.5M | $64.0M | $23.1M |
| Retained earnings | $48.9M | $42.2M | $28.4M | $7.1M | -$8.0M | -$18.4M | -$8.1M | -$9.9M | -$6.6M | — |
| Total equity | $300.1M | $273.8M | $271.8M | $266.2M | $248.7M | $184.8M | $203.0M | $192.0M | $195.7M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $69.0M | $84.5M | $90.8M | $44.5M | -$39.4M | $25.5M | $51.9M | $27.6M | -$17.3M | -$5.2M |
| Depreciation and amortisation | $46.3M | $44.1M | $39.9M | $44.4M | $36.8M | $35.0M | $34.8M | $30.3M | $17.8M | $6.6M |
| Stock-based compensation | $6.5M | $5.8M | $4.8M | $3.8M | $3.2M | $3.7M | $3.3M | $2.1M | $1.2M | $500.0K |
| Capital expenditure | $26.1M | $34.1M | $36.5M | $13.8M | $5.6M | $7.2M | $24.2M | $75.9M | $21.7M | $11.2M |
| Investing cash flow | -$76.1M | -$31.1M | -$29.7M | $11.3M | -$36.4M | -$5.4M | -$23.4M | -$74.4M | -$68.9M | -$25.4M |
| Financing cash flow | -$23.5M | -$28.2M | -$49.1M | -$52.7M | $73.6M | -$24.2M | -$24.2M | $44.1M | $88.1M | $31.1M |
| Dividends paid | $5.5M | $4.5M | $2.4M | $0 | — | — | — | — | — | $3.0M |
| Buybacks | $12.2M | $15.5M | $19.3M | $0 | $0 | $3.1M | $700.0K | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-015248.
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