NYSE$RNGR
Ranger Energy Services Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Ranger Energy Services reported strong Q4 2022 results marked by significant growth and strong cash flows.
Ranger Energy Services reported a revenue of $154.3 million, a 25% increase year-over-year. Net income was $7.6 million, or $0.30 per fully diluted share. Adjusted EBITDA was $21.6 million, a 137% increase year-over-year with free cash flow of $20.9 million.
- Revenue of $154.3 million, a 25% increase year-over-year
- Net income of $7.6 million, or $0.30 per fully diluted share
- Adjusted EBITDA of $21.6 million, a 137% increase year-over-year
- Free cash flow of $20.9 million.
Headline financials
Revenue & EPS history
Ranger Energy Services · Revenue · Quarterly
$154M
Revenue by segment
Ranger Energy Services · $154M total across 3 segments · Q4 2022
- High Specification Rigs$72.6M+22.0%47.1%
- Wireline Services$48.3M+7.8%31.3%
- Processing Solutions$33.4M+77.7%21.6%
Forward guidance
The Company’s full-year 2023 guidance reflects revenue growth and improved Adjusted EBITDA margins resulting from efforts to improve asset utilization and operating efficiency. The Company expects full-year 2023 free cash flow conversion to be approximately 60%.
Tailwinds
- Revenue anticipated to be between $685 million and $715 million
- Adjusted EBITDA for the full year is anticipated to be between $95 million and $105 million
- Free cash flow conversion rates of approximately 60%
- Between $55 million and $70 million to be used toward ongoing repayment of debt
- Strategic growth opportunities
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 Q4 2022
-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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