RNGR Q1 2024 Earnings — Ranger Energy Services, Inc. Revenue & Financial Results | Market Cap Arena

RNGRRanger Energy Services, Inc.

$398M

Q1 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$137M-13.1% YoY

Gross Profit

$5M3.6% margin

Operating Income

-$2M-1.1% margin

Net Income

-$800,000-0.6% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

-9.6%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$6M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$356M

Total Liabilities

$94M

Stockholders' Equity

$262M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$137M	$158M	-13.1%
Gross Profit	$5M	$17M	-70.5%
Operating Income	-$2M	$9M	-116.3%
Net Income	-$800,000	$6M	-112.9%

Revenue Segments

High Specification Rigs

$80M58%

Wireline Services

$33M24%

Processing Solutions And Ancillary Services

$24M18%