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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