NYSE$RNGR
Ranger Energy Services Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Ranger Energy Services reported an increase in revenue across all segments and executed two strategic acquisitions, Patriot Well Solutions and PerfX Wireline Services.
Ranger Energy Services, Inc. announced its Q2 2021 results, featuring a 31% sequential growth in revenue with increases across all segments. The company reported a net loss of $9.1 million and an adjusted EBITDA of $2.0 million, inclusive of $1.0 million of make-ready expenses for rigs.
- Completed Patriot and PerfX (Q3) acquisitions, significantly expanding wireline scale and scope.
- Experienced 31% sequential growth in revenue with increases across all segments.
- High Spec Rig segment posted recent high levels of both revenue and margin.
- Executed two acquisitions, Patriot Well Solutions and PerfX Wireline Services (Q3), expanding the wireline fleet and strengthening service offerings.
Headline financials
Revenue & EPS history
Ranger Energy Services · Revenue · Quarterly
$50M
Revenue by segment
Ranger Energy Services · $50M total across 3 segments · Q2 2021
- High Specification Rigs$29M+154.4%58.0%
- Wireline Services$19.8M+11.9%39.6%
- Processing Solutions$1.2M-25.0%2.4%
Forward guidance
Ranger Energy Services anticipates additional revenue and margin gains in the third and fourth quarters, driven by momentum in the High Spec Rig segment and the integration of recent acquisitions.
Tailwinds
- Expecting additional revenue and margin gains in Q3 and Q4.
- High Spec Rig segment delivered strong sequential revenue growth.
- Margin performance equaled historic peaks in the High Spec Rig segment.
- Integration of Patriot Well Solutions and PerfX Wireline Services expected to positively impact results.
- Anticipate further market acknowledgement of Ranger's efficient, low-cost structure.
Headwinds
- Wireline business margin performance continues to underperform due to low completion pricing levels.
- Net loss increased due to decreased gross profits in Completions and Processing Solutions segments.
- Increased general and administrative expenses driven by transaction related expenses.
- Operating loss increased in Completion and Other Services segment due to decreased profit margins.
- Operating loss increased in Processing Solutions segment due to decreased gross profit margins.
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 Q2 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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