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Ranger Energy Services inc (NYSE: RNGR) |
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Description of Ranger Energy Services Inc's Business Segments
Ranger Energy Services, Inc. offers a wide range of services and products tailored primarily for the energy sector, particularly in the oil and gas industry. The company specializes in providing a comprehensive suite of services that facilitate the exploration, production, and development of oil and gas resources.
1. Segments
Ranger Energy Services operates through several key segments which include:
a. Well Services
This segment focuses on providing essential services that are critical throughout the lifecycle of an oil and gas well. Well services may include well completion, workovers, and maintenance.
- Completion Services: Involves preparing the well for production after drilling. This includes activities such as fracking, cementing, and hydrostatic testing.
- Workover Services: This includes interventions on existing wells to enhance production, repairs, and maintenance, which might entail replacing equipment or optimizing the production process.
b. Fluid Services
Fluid services refer to the management and transportation of fluids that are integral to the drilling and production processes.
- Water Transfer Services: Moving large volumes of water, which is crucial for hydraulic fracturing operations.
- Fluid Management: Handling, treating, and disposing of water and other fluids used in exploration and production, ensuring compliance with environmental regulations.
c. Fishing Services
Fishing services involve the retrieval of equipment or debris that becomes lodged in a well. This is essential for maintaining operational efficiency.
- Fishing Tools & Techniques: Use of specialized tools to remove stuck equipment or material from the wellbore, including heavy-duty magnets, grapple tools, and other retrieval devices.
d. Rental Services
This segment provides various equipment rental options to operators in the oil and gas sector.
- Rental Equipment: This can include drill pipe, production equipment, tanks, and pressure control equipment, allowing clients to reduce capital expenses by renting instead of purchasing.
e. Production Services
Production services support the continuous operation of oil and gas production facilities.
- Asset Management: Ongoing monitoring and management of production assets equipment to optimize efficiency and output.
- Maintenance Programs: Regular and emergency maintenance services provided to ensure that production equipment remains operational.
Products
While Ranger Energy Services primarily offers services, its operations do involve the provision of specialized equipment necessary for the oil and gas sector, which includes:
- Production Equipment: Items such as separators, compressors, and pumps that are essential for the extraction and processing of oil and gas.
- Well Intervention Tools: These include a range of tools designed to facilitate servicing operations, such as coiled tubing units, slickline, and wireline equipment.
- Pressure Control Equipment: Equipment such as blowout preventers (BOPs) designed to manage well pressure and ensure safety during drilling and completion activities.
Services
In addition to the aforementioned segments, Ranger Energy Services provides a range of integrated services that enhance operational effectiveness in the energy sector:
- Safety and Compliance Services: Ensuring that operations meet industry safety standards and regulatory requirements, minimizing risks associated with oil and gas operations.
- Project Management Services: Offering planning and execution support for oil and gas projects from initial conception through operational execution.
- Technical and Engineering Support: Providing engineering expertise to optimize well design and operations, ensuring that projects remain on schedule and within budget.
Conclusion
Ranger Energy Services, Inc. differentiates itself through its dedicated focus on providing high-quality, specialized services that enhance the productivity and efficiency of well drilling and production operations. By offering a comprehensive suite of services across various segments, along with essential rental equipment and a commitment to safety and compliance, Ranger Energy Services positions itself as a key player in the oil and gas industry, catering to the diverse needs of its clients.
Composition of Ranger Energy Services inc Revenues by
Segments |
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| High Specification Rigs |
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 64.72 % |
of total Revenue |
| Wireline Service |
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12.72 % |
of total Revenue |
| Processing Solutions and Ancillary Services |
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22.56 % |
of total Revenue |
Q1 three months ended (Mar 31 2025)
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| Revenues by Business Segments |
Revenues
(in millions $) |
%
(of total Revenues) |
| High Specification Rigs |
87.50 |
64.72 % |
| Wireline Service |
17.20 |
12.72 % |
| Processing Solutions and Ancillary Services |
30.50 |
22.56 % |
| Total |
135.20 |
100 % |
Q1 three months ended (Mar 31 2025)
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| Revenue Growth rates by Segment |
Y/Y Revenue
% |
Q/Q Revenue
% |
| High Specification Rigs |
9.79 % |
- |
| Wireline Service |
-47.56 % |
- |
| Processing Solutions and Ancillary Services |
25 % |
- |
| Total |
- |
-76.33 % |
Q1 three months ended (Mar 31 2025)
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| Income by Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Total |
0.60 |
0.44 % |
Q1 three months ended (Mar 31 2025)
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| Income Growth rates by Segment |
Y/Y Income
% |
Q/Q Income
% |
| Total |
- |
-96.74 % |
Annual Report on Ranger Energy Services inc Divisions, Sales by Country |
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| High Specification Rigs |
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58.85 % |
of total Revenue |
| Processing Solutions and Ancillary Services |
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21.85 % |
of total Revenue |
| Wireline Services |
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19.3 % |
of total Revenue |
Twelve months ended 2024
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| RNGR s Annual Revenue by Geography and Business Segments |
Sales
(in millions $) |
%
(of total Sales) |
| High Specification Rigs |
336.10 |
58.85 % |
| Processing Solutions and Ancillary Services |
124.80 |
21.85 % |
| Total |
571.10 |
100 % |
| Wireline Services |
110.20 |
19.3 % |
Twelve months ended 2024
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| RNGR s Annual Income by Country and Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| High Specification Rigs |
46.80 |
13.92 % |
| Processing Solutions and Ancillary Services |
17.80 |
14.26 % |
| Total |
18.40 |
3.22 % |
| Wireline Services |
-8.50 |
- |
Twelve months ended 2024
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| Annual Revenue and Income Growth by Country and Business Segments |
% Y/Y Sales Growth |
% Y/Y Income Growth |
| High Specification Rigs |
7.28 % |
6.36 % |
| Processing Solutions and Ancillary Services |
0.48 % |
14.84 % |
| Wireline Services |
-44.65 % |
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