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Ranger Energy Services, Inc. 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 has a fleet of 431 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 has a fleet of 65 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, operation, and maintenance of mechanical refrigeration units, nitrogen gas liquid stabilizer units, nitrogen gas liquid storage units, and related equipment. The company was founded in 2014 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $547M | $65M | $12M | $43M | 4.1% | -4.2% | -33.2% |
| 2024 | $571M | $73M | $18M | $50M | 6.7% | -10.3% | -22.7% |
| 2023 | $637M | $74M | $24M | $54M | 8.8% | 4.6% | 57.6% |
| 2022 | $609M | $68M | $15M | $31M | 5.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 608.50 | 636.60 | 571.10 | 546.90 |
| Cost Of Revenue | 548.30 | 571.60 | 516.90 | 502.90 |
| Gross Profit | 60.20 | 65 | 54.20 | 44 |
| Operating Expense | 39.90 | 29.50 | 27.80 | 29.60 |
| Operating Income | 20.30 | 35.50 | 26.40 | 14.40 |
| EBITDA | 67.70 | 74.40 | 72.70 | 65.30 |
| EBIT | 23.30 | 34.50 | 28.60 | 19 |
| Pretax Income | 16 | 31 | 26 | 17.80 |
| Tax Provision | 0.90 | 7.20 | 7.60 | 5.50 |
| Net Income | 15.10 | 23.80 | 18.40 | 12.30 |
| Net Income Common Stockholders | 15.10 | 23.80 | 18.40 | 12.30 |
| Total Expenses | 588.20 | 601.10 | 544.70 | 532.50 |
| Interest Expense | 7.30 | 3.50 | 2.60 | 1.20 |
| Selling General And Administration | 39.90 | 29.50 | 27.80 | 29.60 |
| Normalized EBITDA | 64.70 | 75.40 | 70.50 | 64.30 |
| Normalized Income | 12.27 | 24.57 | 16.84 | 11.61 |
| Basic EPS | 0.66 | 0.97 | 0.82 | 0 |
| Diluted EPS | 0.65 | 0.95 | 0.81 | 0 |
| Tax Effect Of Unusual Items | 0.17 | -0.23 | 0.64 | 0.31 |
| Tax Rate For Calcs | 0.06 | 0.23 | 0.29 | 0.31 |
| Total Unusual Items | 3 | -1 | 2.20 | 1 |
| Total Unusual Items Excluding Goodwill | 3 | -1 | 2.20 | 1 |
| Net Income From Continuing Operation Net Minority Interest | 15.10 | 23.80 | 18.40 | 12.30 |
| Reconciled Depreciation | 44.40 | 39.90 | 44.10 | 46.30 |
| Reconciled Cost Of Revenue | 548.30 | 571.60 | 516.90 | 502.90 |
| Net Interest Income | -7.30 | -3.50 | -2.60 | -1.20 |
| Net Income From Continuing And Discontinued Operation | 15.10 | 23.80 | 18.40 | 12.30 |
| Total Operating Income As Reported | 19.70 | 36.90 | 28.60 | 15.40 |
| Diluted Average Shares | 23.37 | 24.99 | 22.85 | 0 |
| Basic Average Shares | 22.97 | 24.60 | 22.52 | 0 |
| Diluted NI Availto Com Stockholders | 15.10 | 23.80 | 18.40 | 12.30 |
| Minority Interests | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 15.10 | 23.80 | 18.40 | 12.30 |
| Net Income Continuous Operations | 15.10 | 23.80 | 18.40 | 12.30 |
| Other Income Expense | 3 | -1 | 2.20 | 4.60 |
| Other Non Operating Income Expenses | 0 | 0 | 0 | 3.60 |
| Special Income Charges | 3 | -1 | 2.20 | 1 |
| Gain On Sale Of Ppe | 0.70 | 1.80 | 2.20 | 1.40 |
| Other Special Charges | 0 | 2.40 | 0 | 0 |
| Impairment Of Capital Assets | 1.30 | 0.40 | 0 | 0.40 |
| Restructuring And Mergern Acquisition | -3.60 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -7.30 | -3.50 | -2.60 | -1.20 |
| Interest Expense Non Operating | 7.30 | 3.50 | 2.60 | 1.20 |
| General And Administrative Expense | 39.90 | 29.50 | 27.80 | 29.60 |
| Other Gand A | 39.90 | 29.50 | 27.80 | 29.60 |
| Operating Revenue | 608.50 | 636.60 | 571.10 | 546.90 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ranger Energy Services, Inc.this co. | RNGR | $419M | 27.97↑ premium | 1.38 | 4.1% | 6.92 |
| SandRidge Energy, Inc. | SD | $578M | 8.24 | 1.13 | 13.7% | 4.63 |
| Natural Gas Services Group, Inc. | NGS | $514M | 26.03 | 1.87 | 7.3% | - |
| Clean Energy Fuels Corp. | CLNE | $502M | - | 0.90 | -39.3% | 579.17 |
| Summit Midstream Corporation | SMC |
| $426M |
| - |
| 0.87 |
| -0.2% |
| 10.21 |
| NACCO Industries, Inc. | NC | $368M | 20.80 | 0.85 | 4.1% | -28.08 |
| enCore Energy Corp. | EU | $361M | - | 1.51 | -22.0% | -6.72 |
| PrimeEnergy Resources Corporation | PNRG | $346M | 19.73 | 1.64 | 12.2% | 3.15 |
| Infinity Natural Resources, Inc. | INR | $305M | 18.27 | 0.82 | 2.4% | 3.72 |
| Peer Median | - | 19.73 | 1.01 | 3.3% | 3.72 | |