Company Quick10K Filing
Ranger Energy Services
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 9 $67
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 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) 629,678 24% 8.1 4% 722,500 664,500 1,030,800 250,300 27,000 116,000 943,478
Nine Energy Service (NINE) 518,850 23% 13.3 -4% 1,097,701 473,392 915,097 214,472 -40,280 67,586 901,964
Mammoth Energy Services (TUSK) 297,847 29% 0.9 14% 1,108,910 345,694 1,106,199 321,239 155,163 430,030 372,638
KLX Energy Services Holdings (KLXE) 236,603 17% 7.1 -0% 733,300 337,200 579,700 100,000 -1,600 54,200 386,803
Natural Gas Services (NGS) 206,911 0% 7.4 0% 304,555 41,985 70,442 0 884 23,778 177,000
Superior Energy Services (SPN) 191,019 25% -1.4 -42% 2,146,297 1,965,906 2,015,890 503,201 -890,756 -912,969 1,254,148
NCS Multistage (NCSM) 174,905 49% -0.9 -110% 203,902 48,045 205,497 100,851 -223,724 -195,286 180,599
Cypress Energy Partners (CELP) 131,898 13% 10.0 9% 170,285 115,932 375,133 49,804 14,825 20,972 209,506
Ranger Energy Services (RNGR) 67,391 0% 2.6 3% 317,900 115,800 340,000 0 11,100 50,900 130,491
Nuverra Environmental Solutions (NES) 63,287 0% 10.3 -10% 285,379 67,948 186,724 0 -27,281 8,993 92,545
Quintana Energy Services (QES) 54,086 0% 2.5 -7% 321,867 136,707 577,842 0 -24,102 29,203 72,503
Basic Energy Services (BAS) 51,143 23% 7.2 -18% 701,823 532,727 863,735 199,585 -129,265 43,723 314,235
Key Energy Services (KEG) 40,806 20% 25.2 -22% 403,515 474,190 96,994 -88,682 10,133 255,272
Recon Technology (RCON) 25,549 -2% -0.4 40% 121,808 34,936 -22,743 475 48,490 48,554 -19,792
Enservco (ENSV) 22,880 22% 3.3 -4% 48,672 42,699 50,452 10,880 -1,909 7,399 24,764
North American Energy Partners (NOA)
U.S. Well Services (USWS)
NexTier Oilfield Solutions (NEX)
CSI Compressco (CCLP) 44% 19.5 -3% 836,192 780,897 492,616 216,304 -27,052 32,280 630,077
Select Energy Services (WTTR) 12% -0.2 2% 1,377,177 250,329 1,445,821 179,741 27,235 131,297 -23,818

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