NYSE$RNGR
Ranger Energy Services Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Ranger Energy Services reported a net loss for Q1 2021, impacted by weather and activity disruptions, though High-Spec Rigs showed resilience.
Ranger Energy Services reported Q1 2021 revenues of $38.3 million, a decrease of 8% compared to Q4. The company experienced a net loss of $8.3 million, which was impacted by weather and activity disruptions. However, the High-Spec Rigs segment showed resilience, with rig hours increasing despite lost operating days.
- Sale-leaseback transactions provided $16 million of net cash proceeds through April 2021.
- Weather and activity disruptions reduced quarterly results.
- High-Spec Rigs continue to be positioned for a strong rebound.
- High Spec Rig activity continues on a very strong ramp.
Headline financials
Revenue & EPS history
Ranger Energy Services · Revenue · Quarterly
$38.3M
Revenue by segment
Ranger Energy Services · $38.3M total across 3 segments · Q1 2021
- High Specification Rigs$21.7M—56.7%
- Wireline Services$15.5M—40.5%
- Processing Solutions$1.1M—2.9%
Forward guidance
The company anticipates a rebound in the Processing Solutions segment and is making progress on ESG related uses of their assets. They also see a pristine balance sheet as a key component to successful participation in pending industry consolidation.
Tailwinds
- Commodity prices see ongoing improvement
- Overall service activity levels move higher
- High Spec Rig activity continues on a very strong ramp
- Pricing cycle appears to have hit bottom and we are seeing select price increases across the sector
- Making material progress on a pivot to new ESG related uses of our assets.
Headwinds
- The first two months of 2021 presented disruptions that were very difficult to overcome
- Wireline sector as a whole continues to struggle with overcapacity and unsustainable low pricing
- Preparation and reactivation cost for this type work occurred during Q1 which negatively impacted our results
- Weather and sand mine disruptions
- Primary customers move from trial phases to permanent adoption of simul-frac operations
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-1.0%
Avg return
Earnings day
-0.9%
Avg return
5 days after
+1.1%
Avg return
30 days after
39%
14 / 36 earnings
Positive
+15.4%
Q3 2020
Best reaction
-20.1%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.4% | -6.9% | -17.6% | |
| Q4 2025 | -2.9% | -4.4% | -3.7% | |
| Q3 2025 | -0.7% | +0.1% | +3.9% | |
| Q2 2025 | -1.4% | +0.3% | +7.1% | |
| Q1 2025 | -12.1% | -5.8% | -15.6% | |
| Q4 2024 | -2.1% | -9.7% | -18.2% | |
| Q3 2024 | +3.3% | +6.7% | +33.8% | |
| Q2 2024 | +12.0% | +4.9% | +8.9% | |
| Q1 2024 | +1.6% | +0.4% | +0.4% | |
| Q4 2023 | +4.9% | +4.4% | +8.9% | |
| Q3 2023 | -11.4% | -12.6% | -26.4% | |
| Q2 2023 | +6.6% | +19.5% | +17.0% | |
| Q1 2023 | -2.8% | -1.3% | -1.6% | |
| Q4 2022 | +2.6% | +2.2% | -2.9% | |
| Q3 2022 | +3.7% | +5.2% | +10.8% | |
| Q2 2022 | -3.0% | -3.5% | +7.6% | |
| Q1 2022 | +6.3% | -1.8% | +14.1% | |
| Q4 2021 | +9.6% | +7.4% | -5.8% | |
| Q3 2021 | -0.8% | +0.6% | -2.2% | |
| Q2 2021 | -3.1% | -9.7% | -10.7% | |
| Q1 2021 | +3.1% | +7.8% | +35.0% | |
| Q4 2020 | +3.0% | +7.1% | +3.9% | |
| Q3 2020 | +15.4% | +6.1% | +29.6% | |
| Q2 2020 | -10.7% | -11.0% | -7.1% | |
| Q1 2020 | -1.3% | -6.9% | -7.3% | |
| Q4 2019 | -1.6% | -2.0% | -44.5% | |
| Q3 2019 | -5.7% | +0.0% | +33.4% | |
| Q2 2019 | -14.6% | -11.2% | -10.0% | |
| Q1 2019 | +7.5% | +4.2% | -14.4% | |
| Q4 2018 | -2.2% | +0.8% | +34.0% | |
| Q3 2018 | -0.3% | +11.3% | +15.5% | |
| Q2 2018 | -6.8% | -3.8% | -10.3% | |
| Q1 2018 | -2.8% | -2.3% | +2.5% | |
| Q4 2017 | -4.0% | -8.3% | -20.7% | |
| Q3 2017 | -20.1% | -21.4% | -12.2% | |
| Q2 2017 | +2.6% | +2.3% | +3.5% | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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