Ranger Energy Services, Inc. · NYSE:RNGR
Ranger Energy Services — Q2 2025 Earnings Presentation
16 slides from Ranger Energy Services's earnings presentation, Jul 29, 2025
Slide 1: Q2 2025 Earnings
Q2 2025 Earnings July 2025 ENERGY SERVICES
Slide 2: Important Disclosures
IMPORTANT DISCLOSURES Forward-Looking Statements: Certain statements contained in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements
Slide 3: Delivering Returns to Shareholders
Delivering Returns to Shareholders Capital Return Profile & Update Cumulative Free Cash Flow(1)($MM) & Returned Capital *Since program inception in Q3 2023 ▪ Continued our dividend program, reflecting the increased $0.06 per share per quarter approved in 2025 ▪ Generated $14.4MM of Free Cash Flow(1)
Slide 4: Q2 2025 Financial Summary
Q4 Q2 2023 Financial Summary 2025 Financial Summary Revenue ($MM) & Land Drilling Rig Count(1) Q2 2025 Highlights 588 587 ▪ Revenue improvements in Q2, both year over year and sequentially, 569 572 due to improved rig hours in HSR and higher activity levels across 556 service lines despite material
Slide 5: High-Specification Rigs Segment Highlights
High-Specification Rigs Segment Highlights Revenue ($MM) & Land Drilling Rig Count(1) Q2 2025 Operational Results 588 587 ▪ Business remained resilient on the back of core 569 572 customer base with relatively minor impacts from 556 declining drilling rig counts ▪ HSR revenue improved 4% over the pr
Slide 6: Processing Solutions & Ancillary Services Segment Highlights
Processing Solutions & Ancillary Services Segment Highlights Revenue ($MM) & Land Drilling Rig Count(1) Q2 2025 Operational Results 588 587 ▪ Revenues improving from both Q1 2025 and the prior year quarter 569 572 on the back of increasing activity 556 ▪ Coil Tubing rebound in Q2 from the winter tro
Slide 7: Wireline Services Segment Highlights
Wireline Services Segment Highlights Revenue ($MM) & Land Drilling Rig Count(1) Q2 2025 Operational Results 588 587 ▪ Wireline saw a meaningful rebound in Q2 as winter weather abated 569 572 with a significant revenue improvement despite ongoing declines in 556 drilling and completions activity ▪ Em
Slide 8: A Compelling Investment
A Compelling Investment Attractive Free Cash Flow Generation Leads to Multiple Value Creation Opportunities • Shareholder Returns: Growing quarterly dividend program, supplemented by $85 million share repurchase authorization • Self-Funded M&A: Allows for pursuit of opportunistic M&A to create value
Slide 9: Appendix: Supplemental Information
APPENDIX: SUPPLEMENTAL INFORMATION 9
Slide 10: Ranger Business Overview
OVERVIEW RANGER BUSINESS WELL SERVICES WIRELINE SERVICES • High-Spec Service Rigs • Intervention Services • Coiled Tubing • Pump-Down Services • Rental and Fishing • Cement and Casing Evaluation • Plug and Abandonment • Plug and Perf ANCILLARY SERVICES • Fishing and Rentals • Plug and Abandonment •
Slide 11: Non-GAAP Reconciliation: Adjusted EBITDA (in millions)
Non-GAAP Reconciliation: Adjusted EBITDA (in millions) Processing High Solutions and Specification Wireline Ancillary Rigs Services Services Other Total Three Months Ended June 30, 2025 Net income (loss) $ 12.0 $ (1.2) $ 4.5 $ (8.0) $ 7.3 Interest expense, net — — — 0.1 0.1 Income tax expense — — —
Slide 12: Non-GAAP Reconciliation: Adjusted EBITDA (in millions)
Non-GAAP Reconciliation: Adjusted EBITDA (in millions) Processing High Solutions and Specification Wireline Ancillary Rigs Services Services Other Total Three Months Ended March 31, 2025 Net income (loss) $ 12.0 $ (5.8) $ 3.3 $ (8.9) $ 0.6 Interest expense, net — — — 0.5 0.5 Income tax expense — — —
Slide 13: Non-GAAP Reconciliation: Adjusted EBITDA (in millions)
Non-GAAP Reconciliation: Adjusted EBITDA (in millions) Processing High Solutions and Specification Wireline Ancillary Rigs Services Services Other Total Three Months Ended December 31, 2024 Net income (loss) $ 13.4 $ (3.0) $ 5.5 $ (10.1) $ 5.8 Interest expense, net — — — 0.5 0.5 Income tax expense —
Slide 14: Non-GAAP Reconciliation: Adjusted EBITDA (in millions)
Non-GAAP Reconciliation: Adjusted EBITDA (in millions) Processing High Solutions and Specification Wireline Ancillary Rigs Services Services Other Total Three Months Ended September 30, 2024 Net income (loss) $ 13.8 $ — $ 6.6 $ (11.7) $ 8.7 Interest expense, net — — — 0.7 0.7 Income tax expense — —
Slide 15: Non-GAAP Reconciliation: Adjusted EBITDA (in millions)
Non-GAAP Reconciliation: Adjusted EBITDA (in millions) Processing High Solutions and Specification Wireline Ancillary Rigs Services Services Other Total Three Months Ended June 30, 2024 Net income (loss) $ 11.8 $ (2.6) $ 5.2 $ (9.7) $ (4.7) Interest expense, net — — — 0.6 0.6 Income tax expense — —
Slide 16: Non-GAAP Reconciliation: Free Cash Flows (in millions)
Non-GAAP Reconciliation: Free Cash Flows (in millions) Three Months Ended June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Net cash provided by operating activities $ 20.7 $ 10.6 $ 32.7 $ 17.7 $ 22.1 Purchase of property and equipment (6.3) (7.2) (5.4) (6.9) (15.3) Fre
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