earnings
confidence high
sentiment positive
materiality 0.75
Ranger Energy Q4 revenue $123.1M (+51% QoQ); FY2022 guidance raised to $520M-$560M
Ranger Energy Services, Inc.
- Q4 revenue $123.1M (+51% QoQ vs $81.7M); net income $24.4M vs loss $9.1M in Q3.
- Adjusted EBITDA $9.1M, up from $1.9M QoQ; bargain purchase gain of $37.2M from Basic Energy acquisition.
- High Spec Rigs segment revenue $59.5M, rig hours 111,600; hourly rate $533.
- FY2022 revenue guidance raised to $520M-$560M (prior $450M-$500M); EBITDA margin target 11%-13%.