Ranger Energy Services | 10-Q: FY2025 Q3 Revenue: USD 128.9 M

Revenue: As of FY2025 Q3, the actual value is USD 128.9 M.

EPS: As of FY2025 Q3, the actual value is USD 0.05.

EBIT: As of FY2025 Q3, the actual value is USD 3 M.

High Specification Rigs

• Revenue: $80.9 million for Q3 2025, down from $86.7 million in Q3 2024, a decrease of 7%.
• Cost of Services: $65.2 million for Q3 2025, down from $67.2 million in Q3 2024, a decrease of 3%.
• Operating Income: $10.0 million for Q3 2025, down from $13.8 million in Q3 2024.
• Adjusted EBITDA: $15.7 million for Q3 2025, down from $19.2 million in Q3 2024.

Wireline Services

• Revenue: $17.2 million for Q3 2025, down from $30.3 million in Q3 2024, a decrease of 43%.
• Cost of Services: $18.6 million for Q3 2025, down from $27.6 million in Q3 2024, a decrease of 33%.
• Operating Loss: -$4.2 million for Q3 2025, down from $0.0 million in Q3 2024.
• Adjusted EBITDA: $0.4 million for Q3 2025, down from $2.7 million in Q3 2024.

Processing Solutions and Ancillary Services

• Revenue: $30.8 million for Q3 2025, down from $36.0 million in Q3 2024, a decrease of 14%.
• Cost of Services: $25.3 million for Q3 2025, down from $27.2 million in Q3 2024, a decrease of 7%.
• Operating Income: $3.4 million for Q3 2025, down from $6.6 million in Q3 2024.
• Adjusted EBITDA: $5.5 million for Q3 2025, down from $8.8 million in Q3 2024.

Other

• Operating Loss: -$6.6 million for Q3 2025, down from -$7.5 million in Q3 2024.
• Adjusted EBITDA: -$4.8 million for Q3 2025, up from -$5.6 million in Q3 2024.

Total

• Revenue: $128.9 million for Q3 2025, down from $153.0 million in Q3 2024, a decrease of 16%.
• Cost of Services: $109.1 million for Q3 2025, down from $122.0 million in Q3 2024, a decrease of 11%.
• Operating Income: $2.6 million for Q3 2025, down from $12.9 million in Q3 2024, a decrease of 80%.
• Net Income: $1.2 million for Q3 2025, down from $8.7 million in Q3 2024, a decrease of 86%.
• Adjusted EBITDA: $16.8 million for Q3 2025, down from $25.1 million in Q3 2024, a decrease of 33%.

Future Outlook and Strategy

• Core Business Focus: The company is closely monitoring the impacts of declining crude oil prices and consolidation within the E&P operator level. The company expects favorable preference from larger organizations and is focusing on production-oriented service lines.
• Non-Core Business: The company is monitoring geopolitical events and their impacts on the industry, including OPEC+ production increases and U.S. energy policies.