RNGR Q2 2024 Earnings — Ranger Energy Services, Inc. Revenue & Financial Results | Market Cap Arena

RNGRRanger Energy Services, Inc.

$398M

Q2 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$138M-15.4% YoY

Gross Profit

$14M10.1% margin

Operating Income

$9M6.2% margin

Net Income

$5M3.4% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

$7M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$360M

Total Liabilities

$99M

Stockholders' Equity

$261M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$138M	$163M	-15.4%
Gross Profit	$14M	$18M	-23.6%
Operating Income	$9M	$11M	-24.6%
Net Income	$5M	$6M	-23.0%

Revenue Segments

High Specification Rigs

$83M60%

Processing Solutions And Ancillary Services

$31M22%

Wireline Services

$25M18%