Ranger Energy Services, Inc. · NYSE:RNGR
Ranger Energy Services — Q1 2025 Earnings Presentation
16 slides from Ranger Energy Services's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 Earnings
Q1 2025 Earnings April 2025
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 with an increase to $96.1 $0.06 per share approved in 2025 $92.7 ▪ Generated $3.4MM of Free Cash Flow(1) during
Slide 4: Q1 2025 Financial Summary
Q4 Q12023 2025Financial FinancialSummary Summary Revenue ($MM) & Land Rig Count(1) Q1 2025 Highlights 602 588 ▪ Revenue declines in Q1, both year over year and sequentially due 587 to Wireline declines and select Ancillary business lines affected by 569 572 winter weather offset by growth in High Sp
Slide 5: High-Specification Rigs Segment Highlights
High-Specification Rigs Segment Highlights Revenue ($MM) & Land Drilling Rig Count(1) Q1 2025 Operational Results 602 588 ▪ Despite unusually strong winter weather patterns, 587 business remained resilient on the back of core 569 572 customer base ▪ HSR revenue set another high-water mark with a 10%
Slide 6: Processing Solutions & Ancillary Services Segment Highlights
Processing Solutions & Ancillary Services Segment Highlights Revenue ($MM) & Land Drilling Rig Count(1) Q1 2025 Operational Results 602 ▪ Performance significantly improved from Q1 2024, with much 588 587 stronger year over year results across almost all service lines 572 with improved margins 569 ▪
Slide 7: Wireline Services Segment Highlights
Wireline Services Segment Highlights Q1 2025 Operational Results Revenue ($MM) & Land Drilling Rig Count(1) ▪ Wireline saw substantial impacts from weather in Q1 due to 602 disproportionate exposure in Northern region 588 587 569 572 ▪ Midland facility successfully subleased during Q1, representing
Slide 8: A Compelling Investment
A Compelling Investment Attractive Free Cash Flow generation creates 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: 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 (March 31, 2025)
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 12: Non-GAAP Reconciliation: Adjusted EBITDA (December 31, 2024)
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 13: Non-GAAP Reconciliation: Adjusted EBITDA (September 30, 2024)
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 14: Non-GAAP Reconciliation: Adjusted EBITDA (June 30, 2024)
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 15: Non-GAAP Reconciliation: Adjusted EBITDA (March 31, 2024)
Non-GAAP Reconciliation: Adjusted EBITDA (in millions) Processing High Solutions and Specification Wireline Ancillary Rigs Services Services Other Total Three Months Ended March 31, 2024 Net income (loss) $ 7.8 $ (2.9) $ 0.5 $ (6.2) $ (0.8) Interest expense, net — — — 0.8 0.8 Income tax benefit — —
Slide 16: Non-GAAP Reconciliation: Free Cash Flows
Non-GAAP Reconciliation: Free Cash Flows (in millions) Three Months Ended March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 Net cash provided by operating activities $ 10.6 $ 32.7 $ 17.7 $ 22.1 $ 12.0 Purchase of property and equipment (7.2) (5.4) (6.9) (15.3) (6.5) Fr
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