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RNGR — Ranger Energy Services News Story

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Ranger Energy Q3 revenue misses estimates on reduced operating activity

Overview

Ranger Q3 revenue of $128.9 mln missed analyst expectations

Adjusted EBITDA for Q3 missed analyst estimates

Company completed acquisition of American Well Services, enhancing Permian Basin presence

Result Drivers

ACQUISITION - Ranger completed acquisition of American Well Services, enhancing scale and service capabilities in the Permian Basin

REDUCED ACTIVITY - Revenue decline attributed to reduced operating activity across all service segments, particularly in completion-focused services

PRODUCTION RIG HOURS - Increased production rig hours in core HSR segment, reflecting stable demand despite broader industry challenges

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueMiss$128.90 mln$141.90 mln (2 Analysts)
Q3 EPS$0.32
Q3 Net Income$1.20 mln
Q3 Adjusted EBITDAMiss$16.80 mln$17.36 mln (3 Analysts)
Q3 Free Cash Flow$8 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the oil related services and equipment peer group is "buy." Wall Street's median 12-month price target for Ranger Energy Services Inc is $15.00, about 8.3% above its November 7 closing price of $13.75 The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago Press Release: ID:nBw7G5M59a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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