earnings
confidence high
sentiment neutral
materiality 0.75
Ranger Energy Q3 rev $81.7M (+63% seq); net loss $9.1M; Adj EBITDA $3.3M
Ranger Energy Services, Inc.
2021-Q3 EPS reported
-$1.63
revenue$170,000,000
- Revenue $81.7M, up 63% from $50.0M in Q2, driven by wireline acquisitions (Patriot, PerfX).
- Net loss $9.1M unchanged from Q2; Adjusted EBITDA $3.3M vs $2.0M in Q2.
- Completion & Other Services revenue $50.8M (vs $19.8M in Q2) on wireline growth.
- Basic Energy asset acquisition closed Oct 1; post-close 180 rigs running (67 legacy Ranger, 113 Basic).
- Ended Q3 with liquidity $10.6M ($2.8M cash, $7.8M revolver capacity); net debt $70.1M.