$RNGR
Ranger Energy Services, Inc.

2024 Q3 Form 10-Q Financial Statement

#000169903924000121 Filed on October 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3 2023
Revenue $153.0M $164.4M $636.6M
YoY Change -6.93% -7.12% 4.62%
Cost Of Revenue $122.0M $134.8M $531.7M
YoY Change -9.5% -2.39% 5.52%
Gross Profit $31.00M $29.60M $104.9M
YoY Change 4.73% -23.91% 0.29%
Gross Profit Margin 20.26% 18.0% 16.48%
Selling, General & Admin $7.100M $7.000M $29.50M
YoY Change 1.43% -36.36% -26.07%
% of Gross Profit 22.9% 23.65% 28.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.10M $10.60M $39.90M
YoY Change 4.72% -1.85% -10.14%
% of Gross Profit 35.81% 35.81% 38.04%
Operating Expenses $18.20M $17.60M $69.40M
YoY Change 3.41% -19.27% -17.67%
Operating Profit $12.90M $11.70M $36.90M
YoY Change 10.26% -35.0% 87.31%
Interest Expense -$700.0K $700.0K $3.500M
YoY Change -200.0% -61.11% -52.05%
% of Operating Profit -5.43% 5.98% 9.49%
Other Income/Expense, Net -$700.0K -$700.0K -$5.900M
YoY Change 0.0% -30.0% 59.46%
Pretax Income $12.20M $11.00M $31.00M
YoY Change 10.91% -35.29% 93.75%
Income Tax $3.500M $1.600M $7.200M
% Of Pretax Income 28.69% 14.55% 23.23%
Net Earnings $8.700M $9.400M $23.80M
YoY Change -7.45% -30.88% 57.62%
Net Earnings / Revenue 5.69% 5.72% 3.74%
Basic Earnings Per Share $0.39 $0.38 $0.97
Diluted Earnings Per Share $0.39 $0.38 $0.95
COMMON SHARES
Basic Shares Outstanding 22.24M shares 24.50M shares 24.60M shares
Diluted Shares Outstanding 22.49M shares 24.89M shares 24.99M shares

Balance Sheet

Concept 2024 Q3 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.80M $8.200M $15.70M
YoY Change 80.49% 57.69% 324.32%
Cash & Equivalents $14.80M $8.200M $15.70M
Short-Term Investments
Other Short-Term Assets $6.600M $9.600M $10.20M
YoY Change -31.25% -45.76% -17.74%
Inventory $5.700M $7.700M $6.400M
Prepaid Expenses $6.000M $8.600M
Receivables $81.90M $89.90M $103.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $132.7M $151.0M $135.4M
YoY Change -12.12% -6.79% -3.35%
LONG-TERM ASSETS
Property, Plant & Equipment $234.6M $234.8M $235.3M
YoY Change -0.09% 3.8% 1.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $800.0K $1.200M $1.000M
YoY Change -33.33% 0.0% -37.5%
Total Long-Term Assets $241.2M $242.5M $242.6M
YoY Change -0.54% -1.5% 0.46%
TOTAL ASSETS
Total Short-Term Assets $132.7M $151.0M $135.4M
Total Long-Term Assets $241.2M $242.5M $242.6M
Total Assets $373.9M $393.5M $378.0M
YoY Change -4.98% -3.6% -0.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.30M $32.60M $31.30M
YoY Change -10.12% -11.17% 28.81%
Accrued Expenses $27.60M $29.60M $30.50M
YoY Change -6.76% -12.94% -15.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $10.30M $5.400M
YoY Change -100.0% -66.12% -28.0%
Total Short-Term Liabilities $66.50M $79.60M $69.00M
YoY Change -16.46% -26.3% -7.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $18.70M
YoY Change -100.0% -19.4%
Other Long-Term Liabilities $13.30M $14.30M $7.200M
YoY Change -6.99% 85.71% -59.32%
Total Long-Term Liabilities $0.00 $14.30M $25.90M
YoY Change -100.0% -30.58% -36.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.50M $79.60M $69.00M
Total Long-Term Liabilities $0.00 $14.30M $25.90M
Total Liabilities $106.3M $113.0M $106.2M
YoY Change -5.93% -24.92% -7.97%
SHAREHOLDERS EQUITY
Retained Earnings $37.50M $27.60M
YoY Change 35.87% -5620.0%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $267.6M $280.5M $271.8M
YoY Change
Total Liabilities & Shareholders Equity $373.9M $393.5M $378.0M
YoY Change -4.98% -3.6% -0.94%

Cashflow Statement

Concept 2024 Q3 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $8.700M $9.400M $23.80M
YoY Change -7.45% -30.88% 57.62%
Depreciation, Depletion And Amortization $11.10M $10.60M $39.90M
YoY Change 4.72% -1.85% -10.14%
Cash From Operating Activities $17.70M $12.20M $90.80M
YoY Change 45.08% 14.02% 104.04%
INVESTING ACTIVITIES
Capital Expenditures $6.900M $15.00M $36.50M
YoY Change -54.0% -600.0% 164.49%
Acquisitions
YoY Change
Other Investing Activities $0.00 $200.0K $6.800M
YoY Change -100.0% -97.26% -72.91%
Cash From Investing Activities -$6.900M -$14.80M -$29.70M
YoY Change -53.38% -444.19% -362.83%
FINANCING ACTIVITIES
Cash Dividend Paid $1.100M $1.200M $2.400M
YoY Change -8.33%
Common Stock Issuance & Retirement, Net $19.30M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.700M 4.400M -$49.10M
YoY Change -206.82% -129.53% -6.83%
NET CHANGE
Cash From Operating Activities 17.70M 12.20M $90.80M
Cash From Investing Activities -6.900M -14.80M -$29.70M
Cash From Financing Activities -4.700M 4.400M -$49.10M
Net Change In Cash 6.100M 1.800M $12.00M
YoY Change 238.89% 1700.0% 287.1%
FREE CASH FLOW
Cash From Operating Activities $17.70M $12.20M $90.80M
Capital Expenditures $6.900M $15.00M $36.50M
Free Cash Flow $10.80M -$2.800M $54.30M
YoY Change -485.71% -120.44% 76.87%

Facts In Submission

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GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2400000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-600000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2300000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3300000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-100000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
6000000.0 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
8700000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-600000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2000000.0 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3600000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-600000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1400000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1200000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1500000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8300000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2500000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7700000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-1900000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
0 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
1100000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1600000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
51800000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53100000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
28700000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27900000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1500000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4900000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27200000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23000000.0 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4200000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000000.0 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
6200000 usd
rngr Finance Lease Other Payments
FinanceLeaseOtherPayments
500000 usd
rngr Finance Lease Other Payments
FinanceLeaseOtherPayments
700000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
3400000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1200000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1800000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1000000.0 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
100000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
300000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
15500000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8600000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
700000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25500000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25600000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-900000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4500000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15700000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3700000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14800000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8200000 usd
us-gaap Interest Paid Net
InterestPaidNet
1400000 usd
us-gaap Interest Paid Net
InterestPaidNet
1000000.0 usd
rngr Capital Expenditures Incurred But Not Yet Paid Net
CapitalExpendituresIncurredButNotYetPaidNet
600000 usd
rngr Capital Expenditures Incurred But Not Yet Paid Net
CapitalExpendituresIncurredButNotYetPaidNet
0 usd
rngr Net Right Of Use Asset Obtained Disposed In Exchange For Finance Lease Liability
NetRightOfUseAssetObtainedDisposedInExchangeForFinanceLeaseLiability
-5000000.0 usd
rngr Net Right Of Use Asset Obtained Disposed In Exchange For Finance Lease Liability
NetRightOfUseAssetObtainedDisposedInExchangeForFinanceLeaseLiability
-5600000 usd
rngr Net Assets Obtained Disposed In Exchange For Asset Trades
NetAssetsObtainedDisposedInExchangeForAssetTrades
-4400000 usd
rngr Net Assets Obtained Disposed In Exchange For Asset Trades
NetAssetsObtainedDisposedInExchangeForAssetTrades
-1100000 usd
us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1 — Organization and Business Operations </span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Business</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ranger Energy Services, Inc. (“Ranger, Inc.,” “Ranger,” “we,” “us,” “our” or the “Company”) is a provider of onshore high specification well service rigs, wireline services, and additional processing solutions and ancillary services in the United States (“U.S.”). The Company provides an extensive range of well site services to leading U.S. E&amp;P companies that are fundamental to establishing and maintaining the flow of oil and natural gas throughout the productive life of a well. </span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our service offerings consist of well completion support, workover, well maintenance, wireline, and other complementary services, as well as installation, commissioning and operating of modular equipment, which are conducted in three reportable segments, as follows:</span></div><div style="margin-bottom:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">High Specification Rigs</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Provides high specification well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well.</span></div><div style="margin-bottom:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Wireline Services. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Provides services necessary to bring and maintain a well on production and consists of our completion, production, and pump down service lines.</span></div><div style="margin-bottom:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Processing Solutions and Ancillary Services. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Provides complimentary services often utilized in conjunction with our High Specification Rigs and Wireline Services segments. These services primarily include equipment rentals, plug and abandonment, logistics, snubbing and coil tubing, and processing solutions.</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s operations take place in most of the active oil and natural gas basins in the U.S., including the Permian Basin, Denver-Julesburg Basin, Bakken Shale, Eagle Ford Shale, Haynesville, Gulf Coast, South Central Oklahoma Oil Province and Sooner Trend, Anadarko Basin, and Canadian and Kingfisher Counties plays.</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Organization</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ranger, Inc. was incorporated as a Delaware corporation in February 2017. In conjunction with the initial public offering of Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), which closed on August 16, 2017 (the “Offering”), and the corporate reorganization Ranger Inc. underwent in connection with the Offering, Ranger Inc. became a holding company, and its sole material assets consist of membership interests in RNGR Energy Services, LLC, a Delaware limited liability company (“Ranger LLC”). Ranger LLC owns all of the outstanding equity interests in Ranger Energy Services, LLC (“Ranger Services”) and Torrent Energy Services, LLC (“Torrent Services”), and the other subsidiaries through which it operates its assets. Ranger LLC is the sole managing member of Ranger Services and Torrent Services, and is responsible for all operational, management and administrative decisions relating to Ranger Services, its subsidiaries, and Torrent Services’ business and consolidates the financial results of Ranger Services, its subsidiaries, and Torrent Services.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Management uses historical and other pertinent information to determine these estimates. Actual results could differ from such estimates. </span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Areas where critical accounting estimates are made by management include:</span></div><div style="margin-bottom:6pt;padding-left:45pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Depreciation and amortization of property and equipment and intangible assets;</span></div><div style="margin-bottom:6pt;padding-left:45pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Impairment of property and equipment and intangible assets;</span></div><div style="margin-bottom:6pt;padding-left:45pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Collectability of accounts receivable and estimates of allowance for credit losses;</span></div><div style="margin-bottom:6pt;padding-left:45pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Income taxes; and</span></div><div style="margin-bottom:6pt;padding-left:45pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Equity-based compensation.</span></div>
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1700000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1600000 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
431100000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
401300000 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
221200000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
196600000 usd
CY2024Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
17000000.0 usd
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
21600000 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
226900000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
226300000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
10900000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
10400000 usd
us-gaap Depreciation
Depreciation
32700000 usd
us-gaap Depreciation
Depreciation
28700000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5100000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6300000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
700000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
700000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
700000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
500000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
500000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
2700000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5800000 usd
CY2024Q3 rngr Accrued Payables Current
AccruedPayablesCurrent
8900000 usd
CY2023Q4 rngr Accrued Payables Current
AccruedPayablesCurrent
13000000.0 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14000000.0 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13700000 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
1700000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1700000 usd
CY2024Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
3000000.0 usd
CY2023Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
1200000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
27600000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
29600000 usd
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3500000 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3400000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
9600000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
13000000.0 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
800000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
800000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2400000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2400000 usd
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
800000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
700000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2400000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2300000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.081
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.079
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3400000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
3100000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
2400000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
400000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
100000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9400000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1100000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
8300000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2800000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5500000 usd
CY2024Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1500000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1000000.0 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4200000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2700000 usd
CY2024Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
600000 usd
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
500000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1700000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1100000 usd
CY2024Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1600000 usd
CY2023Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1300000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4200000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000000.0 usd
CY2024Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M6D
CY2024Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.065
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.052
CY2024Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
6600000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4400000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3400000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
800000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
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FinanceLeaseLiabilityUndiscountedExcessAmount
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CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2024Q3 us-gaap Finance Lease Liability Current
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5400000 usd
CY2024Q3 us-gaap Finance Lease Liability Noncurrent
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CY2024Q3 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt
LongTermDebt
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CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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rngr Payments On Installment Purchases
PaymentsOnInstallmentPurchases
100000 usd
rngr Payments On Installment Purchases
PaymentsOnInstallmentPurchases
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CY2023Q1 srt Stock Repurchase Program Authorized Amount1
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CY2024Q1 rngr Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
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CY2024Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
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CY2024Q1 us-gaap Stock Repurchase Program Period In Force1
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StockRepurchaseProgramAdditionalAuthorizedAmount
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CY2024Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
200000 usd
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.05
CY2024Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
1100000 usd
CY2023Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Payments Of Dividends
PaymentsOfDividends
3400000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.290
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.200
rngr Texas Margin Tax Maximum Statutory Effective Rate
TexasMarginTaxMaximumStatutoryEffectiveRate
0.0075
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
8700000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
9400000 usd
us-gaap Net Income Loss
NetIncomeLoss
12600000 usd
us-gaap Net Income Loss
NetIncomeLoss
21700000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8700000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9400000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12600000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21700000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
8700000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
9400000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8700000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
9400000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12600000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21700000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22241847 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24500607 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22608796 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24758890 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
252606 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
386668 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
122463 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
390525 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22494453 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24887275 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22731259 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25149415 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q3 us-gaap Revenues
Revenues
153000000.0 usd
CY2024Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
122000000.0 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11100000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12900000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
8700000 usd
CY2024Q3 rngr Capital Expenditures
CapitalExpenditures
7800000 usd
us-gaap Revenues
Revenues
428000000.0 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
356000000.0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33300000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
19700000 usd
us-gaap Net Income Loss
NetIncomeLoss
12600000 usd
rngr Capital Expenditures
CapitalExpenditures
37500000 usd
CY2023Q3 us-gaap Revenues
Revenues
164400000 usd
CY2023Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
134800000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10600000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
11700000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
9400000 usd
CY2023Q3 rngr Capital Expenditures
CapitalExpenditures
17200000 usd
us-gaap Revenues
Revenues
485100000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
402000000.0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29300000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
32300000 usd
us-gaap Net Income Loss
NetIncomeLoss
21700000 usd
rngr Capital Expenditures
CapitalExpenditures
34600000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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