Company Quick10K Filing
Ranger Energy Services
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 9 $67
10-K 2020-02-28 Annual: 2019-12-31
10-Q 2019-10-25 Quarter: 2019-09-30
10-Q 2019-07-26 Quarter: 2019-06-30
10-Q 2019-05-01 Quarter: 2019-03-31
10-K 2019-03-06 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-13 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-09-01 Quarter: 2017-06-30
8-K 2020-03-26 Officers, Exhibits
8-K 2020-02-27 Earnings, Exhibits
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-06-27 Other Events, Exhibits
8-K 2019-05-15 Shareholder Vote
8-K 2019-04-30 Earnings, Exhibits
8-K 2018-12-31 Earnings, Exhibits
8-K 2018-12-04 Officers
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-07-30 Officers, Other Events, Exhibits
8-K 2018-06-22 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-06-15 Shareholder Vote
8-K 2018-06-04 Officers, Regulation FD, Exhibits
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-03-06 Earnings, Exhibits
8-K 2018-01-05 Officers, Exhibits

Ranger Energy Services Financials

RNGR Metrics, Comps, Filings

Annual | Quarterly

Business

Ranger Energy Services, LLC ("Ranger Services") was, through Ranger Energy Holdings, LLC ("Ranger Holdings"), formed by CSL Capital Management, LLC ("CSL") in June 2014 as a provider of high‑spec well service rigs and associated services. Torrent Energy Services, LLC ("Torrent Services" and together with Ranger Services, the "Predecessor Company") was, through Torrent Energy Holdings, LLC ("Torrent Holdings"), acquired by CSL in September 2014 as a provider of proprietary, modular equipment for the processing of natural gas. In June 2016, CSL indirectly acquired substantially all of the assets of Magna Energy Services, LLC ("Magna"), a provider of well services and wireline services, which it contributed to Ranger Services in September 2016. In October 2016, Ranger Services acquired substantially all of the assets of Bayou Workover Services, LLC ("Bayou"), an owner and operator of high‑spec well service rigs. These consolidated financial statements included in this Annual Report (i) prior to August 16, 2017 include, the historical financial information of Ranger Services, Torrent Services, Magna and Bayou (collectively, our "Predecessor"), including, as applicable, the results of operations of Magna and Bayou for periods subsequent to their respective acquisitions, and (ii) subsequent to August 16, 2017, the historical information of Ranger Energy Services, Inc. ("Ranger" or the "Company").

Ranger was incorporated as a Delaware corporation in February 2017. In conjunction with Ranger's initial public offering (the "Offering") of Class A Common Stock, par value $0.01 per share ("Class A Common Stock"), which closed on August 16, 2017 and the corporate reorganization described below, Ranger is a holding company, the sole material assets of which 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 Services and Torrent Services, the subsidiaries through which it operates its assets. Through the consummation of the corporate reorganization, 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 and Torrent Services' business and consolidates the financial results of Ranger Services and Torrent Services and their subsidiaries.

On August 10, 2017, Ranger Services, entered into a Master Reorganization Agreement (the "Master Reorganization Agreement") with, among others, Ranger LLC, Ranger Holdings, Ranger Energy Holdings II, LLC, a Delaware limited liability company ("Ranger Holdings II"), Torrent Holdings, and Torrent Energy Holdings II, LLC, a Delaware limited liability company ("Torrent Holdings II" and, together with Ranger Holdings, Ranger Holdings II and Torrent Holdings, the "Existing Owners").


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
FTS International (FTSI) 283,087 16% 9.3 -5% 685,500 639,000 882,400 138,100 -33,400 58,000 538,787
Nine Energy Service (NINE) 187,471 16% 48.0 -7% 1,081,583 474,804 898,975 139,533 -74,565 10,293 494,150
Mammoth Energy Services (TUSK) 122,909 16% 1.0 5% 1,023,089 294,662 566,997 89,156 49,942 189,801 193,311
KLX Energy Services Holdings (KLXE) 216,450 18% -18.8 -10% 657,900 329,200 591,000 104,500 -66,400 -18,000 338,150
Natural Gas Services (NGS) 176,366 0% 33.8 -4% 296,996 46,505 74,898 0 -11,584 4,646 156,884
Superior Energy Services (SPN) 14,092 25% -1.2 -43% 2,123,751 1,980,664 1,868,539 466,033 -907,381 -895,120 1,051,450
NCS Multistage (NCSM) 93,373 47% -0.5 -106% 213,065 51,218 203,579 95,541 -224,881 -206,848 103,548
Cypress Energy Partners (CELP) 155,608 13% 10.9 9% 171,742 115,189 399,289 52,297 15,351 20,411 223,251
Ranger Energy Services (RNGR) 61,394 0% 2.8 2% 308,400 105,900 342,000 0 6,600 38,800 107,394
Nuverra Environmental Solutions (NES) 65,846 0% 76.0 -9% 278,170 66,500 180,166 0 -26,216 1,295 98,360
Quintana Energy Services (QES) 61,958 0% -5.3 -26% 267,495 128,827 548,027 0 -69,178 -15,022 80,021
Basic Energy Services (BAS) 40,093 32% -25.9 -21% 667,629 539,684 565,414 183,549 -140,806 -11,686 303,144
Key Energy Services (KEG) 28,493 19% -9.8 -24% 374,146 445,992 86,943 -90,311 -25,335 249,012
Recon Technology (RCON) 17,221 14% 5.3 1% 156,982 50,281 7,802 1,092 2,014 2,387 12,700
Enservco (ENSV) 14,430 18% 5.5 -11% 40,458 39,847 38,143 7,023 -4,310 3,081 16,798
North American Energy Partners (NOA)
NexTier Oilfield Solutions (NEX) 23% 0.6 -2% 1,058,827 586,823 1,779,889 411,648 -17,101 286,811 181,292
U.S. Well Services (USWS) 16% 7.0 -16% 656,000 431,877 540,511 86,789 -108,043 41,560 291,741
CSI Compressco (CCLP) 24% 28.0 -3% 849,929 798,905 491,107 117,513 -22,718 22,479 630,299
Select Energy Services (WTTR) 12% -0.4 0% 1,376,857 250,738 1,377,819 161,338 3,139 100,241 -42,999

Balance Sheet ($'000)2017-12-312018-12-31
Cash5,3002,600
Accounts Receivable32,10045,400
Inventory4,900
PP&E189,200229,800
Assets259,700302,500
Accounts Payable32,00017,200
Long-Term Debt7,10060,500
Liabilities64,000110,500
Stockholders' Equity103,700101,900
Income Statement ($'000)2017-12-312018-12-31
Revenue154,000303,100
Cost of Revenue
Gross Profit
R&D
SG&A30,40029,000
Tax4000
Net Income-27,300-5,800
Cash Flow ($'000)2017-12-312018-12-31
Cash Operating-17,30027,600
Cash Investing-68,900-74,400
Cash Financing89,90044,100