Ranger Energy Services Full Year 2024 Earnings: EPS: US$0.82 (vs US$0.97 in FY 2023)

Ranger Energy Services (NYSE:RNGR) Full Year 2024 Results

Key Financial Results

• Revenue: US$571.1m (down 10% from FY 2023).
• Net income: US$18.4m (down 23% from FY 2023).
• Profit margin: 3.2% (down from 3.7% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.82 (down from US$0.97 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the High Specification Rigs segment contributing a total revenue of US$336.1m (59% of total revenue). Notably, cost of sales worth US$472.8m amounted to 83% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$44.1m (55% of total expenses). Explore how RNGR's revenue and expenses shape its earnings.

Ranger Energy Services shares are down 8.3% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Ranger Energy Services.

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