Ranger Energy Services Inc
For the period ended Dec 31, 2023. Filed Mar 5, 2024.
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FY2023 · Filed Mar 5, 2024
RNGR$12.47-0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except share and per share amounts)
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue | ||
| High specification rigs | $313.3 | $293.2 |
| Wireline services | 199.1 | 197.0 |
| Processing solutions and ancillary services | 124.2 | 118.3 |
| Total revenue | 636.6 | 608.5 |
| Operating expenses | ||
| Cost of services (exclusive of depreciation and amortization): | ||
| High specification rigs | 249.2 | 232.7 |
| Wireline services | 180.7 | 178.4 |
| Processing solutions and ancillary services | 101.8 | 92.8 |
| Total cost of services | 531.7 | 503.9 |
| General and administrative | 29.5 | 39.9 |
| Depreciation and amortization | 39.9 | 44.4 |
| Impairment of fixed assets | 0.4 | 1.3 |
| Gain on sale of assets | (1.8) | (0.7) |
| Total operating expenses | 599.7 | 588.8 |
| Operating income | 36.9 | 19.7 |
| Other (income) expenses | ||
| Interest expense, net | 3.5 | 7.3 |
| Loss on debt retirement | 2.4 | — |
| Gain on bargain purchase, net of tax | — | (3.6) |
| Total other (income) expenses | 5.9 | 3.7 |
| Income before income tax expense | 31.0 | 16.0 |
| Income tax expense | 7.2 | 0.9 |
| Net income | 23.8 | 15.1 |
| Income per common share | ||
| Basic | $0.97 | $0.66 |
| Diluted | $0.95 | $0.65 |
| Weighted average common shares outstanding | ||
| Basic | 24,600,151 | 22,969,623 |
| Diluted | 24,991,494 | 23,370,598 |
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