Filing Flows › Ranger Energy Services (RNGR) › Q4 2024
Ranger Energy Services (RNGR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 4, 2025
Ranger Energy Services (RNGR) reported revenue of $143M for the fourth quarter 2024 (Q4 2024), -6% from a year earlier and -6% from the quarter before. Operating margin was 6.2%, net earnings $5.8M (4.1% of revenue).
Ranger Energy Services, Q4 2024: revenue $143M (-6% year over year), operating margin 6.2%, net earnings $5.8M, operating cash flow $32.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143M | -6% | -6% |
| Operating profit | $8.9M | -31% | +93% |
| Net earnings | $5.8M | -33% | +176% |
| Operating cash flow | $32.7M | +85% | -13% |
| Free cash flow | $27.3M | — | -6% |
What changed
Revenue was $143.1M in Q4 2024, down 6% year over year and down 6% from the previous quarter. High Specification Rigs was the largest line at 61% of revenue.
Operating profit was $8.9M, a 6.2% margin (up 3.2 points year over year). Total costs fell 9% while revenue fell 6%. Net earnings were $5.8M, up 176% year over year. The effective tax rate was 31.0%.
Operating cash flow was $32.7M (down 13% year over year), 564% of net earnings. Non-cash charges added back $10.8M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $14.5M. After purchase of property and equipment ($5.4M), free cash flow as the company reports it was $27.3M.
Questions
What was Ranger Energy Services' revenue in the fourth quarter 2024?
Ranger Energy Services (RNGR) reported revenue of $143M for the fourth quarter 2024 (Q4 2024), -6% from a year earlier and -6% from the quarter before.
Was Ranger Energy Services profitable in the fourth quarter 2024?
Operating profit was $8.9M (6.2% of revenue) and net earnings $5.8M.