$16.550
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Noticias de RNGR
Eventos de RNGR
Ranger Energy Acquires STEP Energy's US Coiled Tubing Assets
Ranger Energy Services announced that it has entered into an agreement to acquire the US coiled tubing assets of STEP Energy Services. Stuart Bodden, CEO of Ranger Energy Services said, "We are excited to announce another step in Ranger's growth journey. Over the past twelve months, we have advanced key milestones, including the ECHO rig fleet buildout and the American Well Services acquisition. Today, we continue that progress by acquiring STEP Energy Services' U.S. coiled tubing assets. We have been proud of our Rockies coiled tubing business and began evaluating opportunities to scale it earlier this year. From our first meeting with STEP, it was clear our teams shared strong values and that STEP had built an industry leading technology platform and a reputation for differentiated service."
Ranger Reports Q2 Revenue of $176.5M, Exceeding Expectations
Reports Q2 revenue $176.5M, consensus $164.35M. Stuart Bodden, Ranger's CEO, commented, "During the Q2, Ranger built on the momentum from our Q1 results and delivered another quarter of sequential topline growth across segments, EBITDA and margin expansion with meaningful cash flows. The breadth of improvement reflects the continued strong execution across our operations teams while the AWS business approaches full integration into the organization and our legacy business continues to benefit from steadily improving customer activity and longer summer days. Overall, quarter over quarter, our topline expanded over 10% with EBITDA growing by more than 22%. We have previously stated that Ranger would generate more than $100M in EBITDA annually going forward and it was gratifying to have achieved that run rate milestone in the second full quarter post-acquisition."
Equity Futures Slightly Up, Tech Stocks Perform Strongly
Equity futures have reopened slightly higher, with S&P e-minis and Nasdaq 100 contracts both trading up a decimal, following headlines that Iranian negotiators have submitted another proposal to regional mediators, offering a halt on attacking ships in the Strait of Hormuz in exchange for a full end to the war. Energy markets are not budging in preserving a geopolitical premium to start the week however, with WTI Crude Oil still trading north of $95 per barrel. In precious metals, Gold and Silver prices continue to trade sideways above $4,700 and $75 per ounce respectively.With earnings season ramping up this week, investors remain focused on the broadbased rally in the Tech space of late. Semiconductors in particular have outperformed, with the VanEck Semiconductor ETFnow up a whopping 40% from its late-March lows. Nvidiaset new record highs today above $215 per share, while Alphabet'srecord high above $350 propelled Communication Services to the top of S&P 500 sectors for the day. Consumer Defensive sector - one of the worst performers over recent weeks and months - remained under pressure, with outsized losses seen among the "dollar-store" names Dollar Treeand Dollar General.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Bed Bath & Beyondup 27.2%Kforceup 21.1%Sanmina (up 13.8%LendingClubup 13.8%Solaris Energy Infrastructureup 13.0%Craneup 6.6%Nucorup 3.8%Cadenceup 1.0%DOWN AFTER EARNINGS -Rambusdown 11.2%Celesticadown 8.5%Ranger Energy Servicesdown 6.0%Amkor Technologydown 3.1%ALSO LOWER -Erascadown 37.1% after disclosing preliminary dose escalation data for ERAS-0015Qiagen N.V.down 5.5% after Q1 pre-announcement
Ranger Reports Q1 Revenue of $159.1M, Beating Expectations
Reports Q1 revenue $159.1M, consensus $156.5M. Stuart Bodden, Ranger's Chief Executive Officer, commented, "Ranger ended the first quarter with strong financial results and a meaningful pick-up in activity over the past 6 weeks. As winter came to a close, operators have been increasing activity levels and conversations are trending positively. We are pleased with our first quarter performance on every front including the first full quarter of operating results from the legacy American Well Services ("AWS") organization. Our results reflect the continued strong execution of our operations teams who maintain the highest level of safety and service quality. This year, we set our strategic priorities early and have meaningfully advanced them already, including the integration of AWS into the Ranger portfolio and starting the construction of fifteen ECHO Hybrid Electric Rigs that were contracted during the quarter. The AWS acquisition is driving our top and bottom line results higher, and we expect our disciplined focus on utilization, cost control, customer service and operational consistency from both organizations will continue to push margins higher in future periods. Our High Spec Rig segment continued its trend of strong performance during the quarter with margins over 20% and pricing that remained resilient. The expanded Ancillary segment saw improving contribution from new service lines from the AWS acquisition as well as the commencement of our new contract with the Texas Railroad Commission for Plug & Abandonment work. Wireline segment activity remains depressed, but we are encouraged with a team that is able to operate efficiently. Winter is always our most challenging quarter within Wireline and our ability to exit the first quarter with positive EBITDA suggests further improvement in the coming quarters. At the outset of this year, the macroeconomic sentiment and expectations for crude oil pricing remained subdued and we were braced for another flat to down year. In spite of significant commodity volatility related to geopolitical events, our customer base has generally held to a steady course of activity, which we believe will place Ranger in strong position over the remaining fiscal year to achieve our financials goals. Our production-focused business thesis is aligned with these developments, since workovers and optimization of production from existing wells present both the fastest delivery time and the lowest incremental cost for a barrel of crude oil. Additionally, our long-lived capital equipment base and domestic operations insulate us from broader international macro and supply chain pressures. As the largest well services provider in the Lower 48, we have the capacity within our fleet and organization to efficiently scale activity while preserving service quality and returns. Anticipated benefits to US production will be additive to the deployment of our ECHO rigs that will begin entering the field later this year. We believe Ranger is uniquely suited to meet any potential increase in U.S. activity levels and we are prepared to respond quickly as customer demand evolves."
Ranger Energy Services Q4 Revenue $142.2M Beats Expectations
Reports Q4 revenue $142.2M, consensus $140.67M. Stuart Bodden, CEO of Ranger Energy Services, commented, "During the fourth quarter and throughout 2025, Ranger demonstrated the resilience that is characteristic of our business model. The Company concluded 2025 with robust cash generation and reinforced its standing as a through-cycle service provider in the oilfield services sector. Our results reflect the enduring differentiation of our production-focused strategy against a backdrop of constrained crude oil pricing and declining industry activity."
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