NYSE$RNGR
Ranger Energy Services Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Ranger Energy Services announced Q3 2021 results, with revenue growth driven by wireline acquisitions and the completion of the Basic Energy Asset Acquisition. The company restructured its equity and terminated the Tax Receivable Agreement.
Ranger Energy Services reported a 63% sequential increase in quarterly revenues, reaching $81.7 million, primarily due to wireline acquisitions. The net loss remained consistent with the previous quarter at $9.1 million, while adjusted EBITDA increased to $3.3 million. The company completed the Basic Energy Asset Acquisition and restructured its capital structure.
- Revenue grew 63% sequentially, primarily the result of wireline acquisitions
- Completed Basic Energy Asset Acquisition (closed October 1st)
- Restructured equity into a single share class and terminated the Tax Receivable Agreement (Q4)
- Ranger had 180 rigs running during the first month of operating the Basic assets
Headline financials
Revenue & EPS history
Ranger Energy Services · Revenue · Quarterly
$81.7M
Revenue by segment
Ranger Energy Services · $30.9M total across 2 segments · Q3 2021
- High Specification Rigs$29.9M+106.2%96.8%
- Processing Solutions$1M-16.7%3.2%
Forward guidance
Given the strong macro environment, and the early indications from our acquisitions, we are optimistic about our ability to improve margins and to generate meaningful cash flow.
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 Q3 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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