Filing Flows › Ranger Energy Services (RNGR) › Q1 2025
Ranger Energy Services (RNGR) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Ranger Energy Services (RNGR) reported revenue of $135M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -6% from the quarter before. Operating margin was 0.7%, net earnings $600K (0.4% of revenue).
Ranger Energy Services, Q1 2025: revenue $135M (-1% year over year), operating margin 0.7%, net earnings $600K, operating cash flow $10.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $135M | -6% | -1% |
| Operating profit | $1.0M | -89% | — |
| Net earnings | $600K | -90% | — |
| Operating cash flow | $10.6M | -68% | -12% |
| Free cash flow | $3.4M | — | -38% |
What changed
Revenue was $135.2M in Q1 2025, down 1% year over year and down 6% from the previous quarter. High specification rigs was the largest line at 65% of revenue. Wireline services lost $15.6M year over year (down 48%), 918% of the total change.
Operating profit was $1.0M, a 0.7% margin (up 1.1 points year over year). Total costs fell 2% while revenue fell 1%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $600K. The effective tax rate was -20.0%.
Operating cash flow was $10.6M (down 12% year over year), 1767% of net earnings. Non-cash charges added back $10.6M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $2.2M. After purchase of property and equipment ($7.2M), free cash flow as the company reports it was $3.4M.
Questions
What was Ranger Energy Services' revenue in the first quarter 2025?
Ranger Energy Services (RNGR) reported revenue of $135M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -6% from the quarter before.
Was Ranger Energy Services profitable in the first quarter 2025?
Operating profit was $1.0M (0.7% of revenue) and net earnings $600K.