Ranger Energy Services, Inc.

Listed Company

RNGRCIK 0001699039NYSEAcceleratedSmaller ReportingOil & Gas Field Services, NecTexasFY ends Dec 31

Period

FY 2025

Revenue

$546.90M

Net Income

$12.30M

Total Assets

$419.30M

Equity

$300.10M

Shares Out

—

Op. Cash Flow

$69.00M

Business

Ranger Energy Services, Inc. provides onshore well site services and processing solutions to U.S. oil and natural gas exploration and production companies throughout a well’s lifecycle. The company offers high specification well service rigs, wireline completion and production services, pump down and coiled tubing operations, equipment rentals, plugging and abandonment and modular gas processing solutions. Its operations are organized into three reportable segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. Ranger serves most active U.S. oil and gas basins via local operations and corporate sales support.

Summary from filing dated 2025-03-04

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	547	571	637	609	293
Total cost of services (exclusive of depreciation and amortization)	457	473	532	504	263
General and administrative	30	28	30	40	35
Depreciation and amortization	46	44	40	44	37
Impairment of assets	400,000	0	400,000	1	0
Gain on sale of assets	−1	−2	−2	−700,000	−1
Total operating expenses	532	543	600	589	334
Operating income	15	29	37	20	−41
Interest expense, net	1	3	4	—	—
Other income, net	−4	0	—	—	—
Total other expenses	−2	3	6	4	−32
Income before income tax expense	18	26	31	16	−8
Income tax expense	6	8	7	900,000	−6
Net income	12	18	24	15	9
Basic (in dollars per share)	0.55	0.82	0.97	0.66	0.73
Diluted (in dollars per share)	0.54	0.81	0.95	0.65	0.63
Basic (in shares)	22	23	25	23	12
Diluted (in shares)	23	23	25	23	14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	10	41	16	4	600,000
Accounts receivable, net	78	68	85	91	81
Contract assets	17	17	18	27	13
Inventory	3	6	6	6	3
Prepaid expenses and other current assets	13	11	—	—	—
Assets held for sale	300,000	800,000	600,000	3	0
Total current assets	121	144	135	140	105
Property and equipment, net	281	224	—	—	—
Intangible assets, net	5	6	6	7	8
Operating leases, right-of-use assets	11	7	9	11	7
Other assets	1	800,000	1	2	3
Total assets	419	382	378	382	393
Accounts payable	25	27	31	24	21
Accrued expenses	25	28	30	36	30
Other financing liability, current portion	700,000	700,000	600,000	700,000	2
Borrowings under Revolving Credit Facility	4	0	100,000	7	44
Short-term lease liability	11	9	7	7	—
Other current liabilities	3	400,000	100,000	0	5
Total current liabilities	69	65	69	75	103
Long-term lease liability	17	14	15	13	—
Other financing liability	10	10	11	12	13
Deferred tax liability	24	18	11	5	—
Other long-term liabilities	100,000	0	—	8	5
Total liabilities	119	108	106	115	144
Commitments and contingencies (Note 15)	—	—	—	—	—
Preferred stock, $0.01 per share; 50,000,000 shares authorized; 0 Series A shares issued and outstanding as of December 31, 2025 and 2024	0	0	0	0	100,000
Less: Class A Common Stock held in treasury at cost; 4,872,028 treasury shares as of December 31, 2025 and 3,877,628 treasury shares as of December 31, 2024	−51	−39	−23	−4	−4
Retained earnings	49	42	28	7	−8
Additional paid-in capital	302	270	266	263	260
Total stockholders' equity	300	274	272	266	249
Total liabilities and stockholders' equity	419	382	378	382	393

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Equity based compensation	7	6	5	4	3
Deferred income tax expense	5	7	7	400,000	−6
Other expenses	3	1	2	1	2
Accounts receivable, net	16	17	5	−11	−49
Contract assets	−400,000	1	9	−14	−12
Inventory	200,000	400,000	−900,000	−3	3
Prepaid expenses and other current assets	−1	−2	−400,000	−800,000	—
Other assets	2	2	2	−2	−2
Accounts payable	−10	−4	7	3	4
Accrued expenses	−7	−2	−7	6	20
Other current liabilities	−3	−3	300,000	1	−100,000
Other long-term liabilities	−200,000	500,000	−3	4	700,000
Net cash provided by operating activities	69	85	91	45	−39
Purchase of property and equipment	−26	−34	−37	−14	−6
Proceeds from disposal of property and equipment	3	3	7	24	9
Purchase of business, net of cash received	−53	0	—	800,000	−40
Net cash used in investing activities	−76	−31	−30	11	−36
Borrowings under Revolving Credit Facility	43	27	—	—	—
Principal payments on Revolving Credit Facility	−40	−27	—	—	—
Principal payments on financing lease obligations	−7	−6	−5	−5	−5
Principal payments on other financing liabilities	−700,000	−600,000	−800,000	−2	0
Dividends paid to Class A Common Stock stockholders	−6	−5	−2	0	—
Shares withheld for equity compensation	−2	−2	−1	−1	−1
Payments on Other Installment Purchases	0	−100,000	−400,000	—	—
Repurchase of Class A Common Stock	−12	−16	−19	0	0
Net cash used in financing activities	−24	−28	−49	−53	74
Increase (decrease) in cash and cash equivalents	−31	25	12	3	−2
Interest paid	2	2	1	1	2
Capital expenditures included in accounts payable and accrued liabilities	−100,000	400,000	−500,000	200,000	−2
Additions to fixed assets through installment purchases and financing leases	−9	−9	−10	−6	−2
Additions to fixed assets through asset trades	−2	−5	−1	0	—
Shares issued for the purchase of a business	−28	0	—	0	−16

Filings

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