What guidance did Ranger Energy's management provide for the next earnings period?

What does Ranger Energy do and what are its main business segments?

What is Ranger Energy's latest dividend and current dividend yield?

What is the market's earnings forecast for Ranger Energy next quarter?

What is the revenue and EPS growth rate for Ranger Energy year over year?

What is Ranger Energy's gross profit margin?

What factors drove the changes in Ranger Energy's revenue and profit?

Did Ranger Energy beat or miss consensus estimates last quarter?

- **AWS Acquisition Payoff**: 2026 pro forma EBITDA >$100M, with AWS integration on track to deliver synergies. 
- **ECHO Innovation Lead**: 15 new hybrid electric rigs contracted, with first units showing 90%+ battery usage. Customer pipeline expanding faster than expected.
- **Financial Resilience**: 2025 free cash flow $42.9M (60% conversion), with 40% returned to shareholders via buybacks. 2026 free cash flow conversion ~50% due to ECHO CapEx timing.
- **Growth Catalysts**: P&A contracts with Texas regulator, wireline recovery signs, and AWS-driven scale expansion.

**【CEO Summary Section】**
- **2025 Performance Overview**: Total revenue of $547 million and adjusted EBITDA of $73.2 million, driven by disciplined execution across well service, wireline, and ancillary segments. AWS acquisition added scale and service breadth, with integration milestones on track.
- **ECHO Rig Momentum**: 15 new ECHO rigs contracted for deployment in 2026, with first 2 units demonstrating 22-hour generator usage in 450 hours. Customer interest is accelerating, with potential for additional contracts.
- **2026 Outlook**: Pro forma EBITDA target of >$100 million, focusing on AWS integration, ECHO rollout, and capital discipline. Free cash flow conversion expected at ~50% due to ECHO CapEx timing.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Revenue $142.2 million (flat vs. Q4 2024), net income $3.2 million, adjusted EBITDA $20.3 million (14.3% margin). High-spec rigs revenue up 16% sequentially to $92.3 million, offset by wireline softness.
- **Full Year 2025**: Revenue $546.9 million, adjusted EBITDA $73.2 million (13.4% margin). Free cash flow $42.9 million ($1.89/share), with 40% returned via buybacks (1M shares repurchased).
- **CapEx & Liquidity**: 2025 CapEx $26.1 million (down 23% vs. 2024), with ECHO-related spending ramping in 2026. Ended 2025 with $67.7 million liquidity, $57.4M revolver availability.

**【Q&A Highlights】**
- **ECHO Build-Out**: Manufacturing capacity sufficient to meet demand, with 15-rig contract deliveries expected in 2026. Additional contracts likely for <10 units, with potential for further expansion.
- **P&A Contracts**: Secured Texas regulator contract for complex well abandonments, with 3-4 rigs dedicated to P&A. Regulatory tailwinds may drive growth in this segment.
- **Margin Outlook**: AWS integration driving operating leverage, with EBITDA margin expansion expected in 2026. ECHO rigs may replace legacy assets, maintaining or improving margin profiles.

Ranger Energy Services, Inc. (RNGR) Q4 2025 Earnings Call Transcript

- **Strategic AWS Acquisition**: $90.5M deal enhances Permian Basin scale, with 25% rig count increase and $100M+ 2026 EBITDA target.
- **ECHO Rigs Gaining Traction**: Two rigs nearing deployment, with potential to displace competitors' rigs.
- **Q3 2025 Results**: $128.9M revenue (-16% YoY), 13% EBITDA margin, and $1.2M net income.
- **Financial Discipline**: 0.5x leverage, $15.6M YTD buybacks, and $19.1M capex for growth initiatives.

**【Management Opening Remarks】**
- Ranger Energy Services announced the acquisition of American Well Services (AWS), a Permian Basin-focused provider with 39 high-spec rigs and complementary services like tubing rentals and chemical sales. The $90.5 million deal includes $60.5 million cash and 2 million shares, with a $5 million earnout tied to $36 million EBITDA. The transaction is immediately accretive with 45% cost synergies and 0.5x leverage.

**【CEO Commentary】**
- **AWS Acquisition**: Strengthens Ranger's Permian Basin presence, adding 25% rig count and pull-through revenue opportunities. AWS's 550-employee team complements Ranger's operational excellence, with integration expected by Q3 2026. The ECHO hybrid electric rig program, featuring two deployed rigs, is nearing live operations with strong customer interest.
- **Q3 2025 Financials**: Revenue of $128.9 million (-16% YoY) driven by completion activity decline. High-spec rigs contributed $80.9 million (19.4% margin), while wireline services faced challenges with $17.2 million revenue and $400k EBITDA. 2026 EBITDA target exceeds $100 million, supported by AWS and ECHO adoption.

**【CFO Commentary】**
- **AWS Financials**: Purchase price of $90.5 million includes $60.5 million cash and 2 million shares. Pro forma 2026 EBITDA expected at $100 million+ with minimal dilution. Q3 2025 net income of $1.2 million reflects 13% EBITDA margin. Share buybacks ($8.3 million Q3, $15.6 million YTD) and capital allocation focus on growth and returns.
- **Balance Sheet**: $116.7 million liquidity, $8 million free cash flow Q3, and 0.5x leverage. Capital expenditures of $19.1 million YTD include ECHO rig deployment.

**【Q&A Highlights】**
- **AWS Footprint**: 100% Permian Basin operations with 45% unique service lines (e.g., coiled tubing, P&A) and 55% customer overlap with Ranger. Analysts inquire about ECHO rig adoption, AWS customer base, and 2026 ECHO deployment (CEO hints over/under 11 rigs).

Ranger Energy Services, Inc. (RNGR) Q3 2025 Earnings Call Transcript

- **Resilient Q2 Performance**: $140.6M revenue, 14.7% EBITDA margins despite industry rig declines. 
- **ECHO Innovation**: 2 hybrid rigs under construction, targeting 90% emissions reduction with customer-backed returns. 
- **Wireline Turnaround**: $1.6M EBITDA recovery via cost control and seasonal activity. 
- **Strong Cash Flow**: $17.8M free cash flow (45% YoY growth), supporting $3.3M buybacks and dividend payments. 
- **Q4 Caution**: Uncertainty due to potential rig transitions, but gas basin activity could provide offset. 
- **Strategic Focus**: Capital discipline, shareholder returns, and scalable ECHO technology deployment.

**【CEO Summary Section】**
- Q2 revenue of $140.6 million, up 4% sequentially and 2% year-over-year, with adjusted EBITDA of $20.6 million (14.7% margins). 
- High Spec Rigs segment generated $86.3 million in revenue and $17.6 million in EBITDA, maintaining over 20% margins. 
- Launched ECHO hybrid rig, with 2 rigs under construction for major operators, targeting 90% emissions reduction. 
- Wireline segment returned to profitability with $1.6 million EBITDA, driven by cost control and seasonal activity. 
- Emphasized capital discipline, shareholder returns, and innovation in production-focused services.

**【CFO Financial Commentary】**
- Free cash flow of $17.8 million (45% YoY growth), with $3.3 million in share buybacks and $0.06 dividend. 
- Balance sheet strength: $48.9 million cash and $120.1 million liquidity. 
- CapEx focused on ECHO rigs, with disciplined spending to maintain flexibility. 
- Q3 outlook: stable core segments, cautious on Q4 due to potential rig transitions and market conditions.

**【Q&A Highlights】**
- ECHO rigs' return profiles align with traditional refurbishments, with costs shared via rate uplifts. 
- Wireline recovery attributed to internal cost management and seasonal demand normalization. 
- Q4 uncertainty due to customer budget constraints, but gas basin activity could mitigate white space. 
- ECHO scalability contingent on customer demand, with potential for 20+ rigs in 3-5 years. 
- High Spec Rigs growth driven by major operator relationships and efficiency advantages. 
- Capital allocation prioritizes buybacks, M&A, and strategic investments like ECHO.

Ranger Energy Services (RNGR)-29 Jul 25-2025 Q2 Earnings call transcript

- **Revenue Growth**: Q1 2025 revenue of $135.2M (+15% YoY), driven by high-spec rigs (+28% YoY) and ancillary services (+25% YoY).
- **Profitability**: Adjusted EBITDA up 42% YoY to $15.5M. High-spec rigs margin improved 280bps YoY to 19.9%.
- **Balance Sheet Strength**: $104.4M liquidity, $0M debt, and $0.06/share dividend (+20%).
- **Wireline Recovery**: Negative Q1 EBITDA due to weather, but March margins turned positive; long-term focus on production-oriented services.
- **M&A Potential**: fortress balance sheet positions for accretive acquisitions as market consolidates.


**【CEO Opening Remarks】**
- **Resilience in Volatile Markets**: Highlighted Ranger's ability to thrive despite global economic uncertainty, driven by a production-focused business model and fortress balance sheet.
- **Key Financials**: Q1 2025 revenue of $135.2M, adjusted EBITDA of $15.5M (11.4% margin), up 42% YoY. High-spec rigs revenue grew 28% YoY to $87.5M, with margins improving 280bps YoY.
- **Strategic Priorities**: Free cash flow maximization, dividend growth (+20% to $0.06/share), balance sheet strength ($104.4M liquidity, $0M debt), and disciplined M&A.

**【CFO Financial Breakdown】**
- **Segment Performance**: 
  - **High-Spec Rigs**: $87.5M revenue, 19.9% margin (down 180bps QoQ due to winter costs). Adjusted EBITDA +28% YoY to $17.4M.
  - **Ancillary Services**: $30.5M revenue (+25% YoY), EBITDA +3.1M YoY to $5.6M. Torrent gas capture platform revenue quadrupled YoY with 25-30% margins.
  - **Wireline**: $17.2M revenue (-24% QoQ, -48% YoY), negative EBITDA of $2.3M due to severe weather. March margins turned positive, with potential recovery in 2025.
- **Cash Flow**: Free cash flow of $3.4M ($0.15/share). Capital expenditures of $7.2M focused on modernizing rig fleet.

**【Q&A Key Takeaways】**
1. **Production vs. Drilling Focus**: 80% of revenue tied to OpEx budgets (vs. CapEx), reducing exposure to drilling slowdowns. Customers include largest operators with high-quality assets.
2. **Wireline Recovery**: Negative Q1 EBITDA due to weather, but March margins turned positive. Shifting focus to conventional wireline (production-oriented) over completions.
3. **M&A Strategy**: fortress balance sheet ($104.4M liquidity) positions for accretive acquisitions. Bid-ask spreads remain challenging, but potential for deals later in 2025.
4. **Tariff Impact**: Coil costs rising, but limited ability to pass through to customers. No immediate tariff-related surcharges on rigs.
5. **Market Consolidation**: Smaller competitors exiting (e.g., Williston yard closures), creating opportunities for Ranger to acquire distressed assets.

**【Closing Remarks】**
- **Core Strengths**: Production focus, balance sheet strength, and alignment with top operators.
- **2025 Outlook**: Resilient core businesses (high-spec rigs, ancillary services) offsetting wireline challenges. Free cash flow generation and capital returns remain priorities.


Ranger Energy Services, Inc. (RNGR) Q1 2025 Earnings Call Transcript

- **Record Q4 margins**: 15.3% EBITDA margin, highest on record, driven by High Spec Rigs (+21% YoY EBITDA) and Ancillary Services (+18% margin expansion).
- **Dividend boost**: 20% increase to $0.06/share, reflecting confidence in 2025 free cash flow ($50M+).
- **Growth engines**: Torrent gas processing EBITDA to double again in 2025; P&A investments targeting full utilization.
- **Risk management**: Wireline segment challenges (2024 revenue -49%), but 2025 focus on conventional wireline margin recovery.
- **Operational resilience**: 0 long-term debt, $40M+ cash, and 64% free cash flow conversion enable opportunistic M&A.


**【CEO Summary Section】**
- Q4 2024 revenue: $143.1 million; Adjusted EBITDA: $21.9 million (15.3% margin), up 320 bps YoY.
- Full-year 2024 Adjusted EBITDA: $78.9 million (+19% YoY margin expansion).
- **Strategic priorities**: Free cash flow maximization (2024: $50.4M, 64% of EBITDA), 20% dividend increase to $0.06/share, and disciplined M&A.
- **High-margin growth drivers**: High Spec Rigs (+7% YoY revenue), Torrent gas processing (EBITDA doubling in 2024), and P&A services (investments for 2025+ utilization).

**【CFO Financial Commentary】**
- Q4 2024 segment performance:
  - **High Spec Rigs**: $87M revenue, $19M EBITDA (+21% YoY).
  - **Ancillary Services**: $124.8M revenue, $26.6M EBITDA (+18% YoY margin).
  - **Wireline**: $22.6M Q4 revenue (-26% QoQ), breakeven margins due to completions decline.
- 2025 outlook: Flat to modest growth in High Spec Rigs and Ancillary; Wireline cautious with potential for high single-digit margins in 2H2025.
- **Balance sheet**: $40.9M cash, 0 long-term debt; 2025 CapEx ~4-6% of revenue.

**【Q&A Key Takeaways】**
- **P&A investments**: Activating additional spreads for government IRA-related work and E&P demand.
- **Gas rig outlook**: Mid-Con/Haynesville strength from gas price rally; cautious optimism for 2H2025 LNG prep.
- **Competitive advantage**: Industry-leading safety TRIR, multi-basin coverage, and full-service packages attract major E&Ps.
- **Market trends**: Consolidation driving vendor rationalization; Ranger gaining share at expense of smaller players.
- **2025 challenges**: Polar vortex delays (Q1 EBITDA <$20M), but 2H2025 recovery potential if commodity prices hold.


Actual											0.1801	-0.4738	-0.38	-0.43	-0.54	-0.59	-0.51	0.99	-0.31	-0.02	0.54	0.3	0.25	0.24	0.38	0.09	-0.03	0.21	0.39	0.25	0.03	0.32	0.05	0.14
Forecast											-0.028	-0.57	-0.4343	-0.3275	-0.3407	-0.2475	-0.1618	-0.131	-0.05	0.0602	0.3368	0.3475	0.3	0.4433	0.471	0.3008	0.0753	0.1428	0.285	0.2085	0.1491	0.2364	0.2132	0.1736
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+743.21%	+16.88%	+12.50%	-31.30%	-58.50%	-138.38%	-215.20%	+855.73%	-520.00%	-133.22%	+60.33%	-13.67%	-16.67%	-45.86%	-19.32%	-70.08%	-139.84%	+47.06%	+36.84%	+19.90%	-79.88%	+35.36%	-76.55%	-19.35%

RNGR

RNGR fundamentals

RNGR Q4 2025 Earnings

Earnings Call

You can ask Aime

RNGR

RNGR fundamentals

RNGR Q4 2025 Earnings

Earnings Call

RNGR Earnings Call Summary for Q4/202510:00 AM on Mar 5, 2026

RNGR Earnings Call Summary for Q3/202510:00 AM on Nov 10, 2025

RNGR Earnings Call Summary for Q2/202510:00 AM on Jul 29, 2025

RNGR Earnings Call Summary for Q1/202510:00 AM on Apr 30, 2025

RNGR Earnings Call Summary for Q4/202410:00 AM on Mar 4, 2025

You can ask Aime