Ranger Energy Services Inc
For the period ended Sep 30, 2024. Filed Oct 28, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 28, 2024
RNGR$11.25-9.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except share and per share amounts)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | ||||
| High specification rigs | $86.7 | $79.2 | $249.1 | $234.3 |
| Wireline services | 30.3 | 53.2 | 87.6 | 157.6 |
| Processing solutions and ancillary services | 36.0 | 32.0 | 91.3 | 93.2 |
| Total revenue | 153.0 | 164.4 | 428.0 | 485.1 |
| Operating expenses | ||||
| Cost of services (exclusive of depreciation and amortization): | ||||
| High specification rigs | 67.2 | 63.5 | 198.8 | 185.6 |
| Wireline services | 27.6 | 45.8 | 84.4 | 140.3 |
| Processing solutions and ancillary services | 27.2 | 25.5 | 72.8 | 76.1 |
| Total cost of services | 122.0 | 134.8 | 356.0 | 402.0 |
| General and administrative | 7.1 | 7.0 | 20.7 | 22.7 |
| Depreciation and amortization | 11.1 | 10.6 | 33.3 | 29.3 |
| Impairment of fixed assets | — | 0.4 | — | 0.4 |
| Gain on sale of assets | (0.1) | (0.1) | (1.7) | (1.6) |
| Total operating expenses | 140.1 | 152.7 | 408.3 | 452.8 |
| Operating income | 12.9 | 11.7 | 19.7 | 32.3 |
| Other expenses | ||||
| Interest expense, net | 0.7 | 0.7 | 2.1 | 2.8 |
| Loss on debt retirement | — | — | — | 2.4 |
| Total other expenses | 0.7 | 0.7 | 2.1 | 5.2 |
| Income before income tax expense | 12.2 | 11.0 | 17.6 | 27.1 |
| Income tax expense | 3.5 | 1.6 | 5.0 | 5.4 |
| Net income | 8.7 | 9.4 | 12.6 | 21.7 |
| Income per common share | ||||
| Basic | $0.39 | $0.38 | $0.56 | $0.88 |
| Diluted | $0.39 | $0.38 | $0.55 | $0.86 |
| Weighted average common shares outstanding | ||||
| Basic | 22,241,847 | 24,500,607 | 22,608,796 | 24,758,890 |
| Diluted | 22,494,453 | 24,887,275 | 22,731,259 | 25,149,415 |
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