Ranger Energy Services, Inc. Announces Q3 2025 Results & Acquisition of American Well Services
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Ranger Energy Services, Inc. to Showcase and Conduct One-on-One Meetings at the 17th Annual Southwest IDEAS Investor Conference in Dallas, TX on November 19th and 20th
Company Presentation: Ranger Energy Services, Inc. will present at the Southwest IDEAS Investor Conference on November 19, 2025, at 9:55 am CT in Dallas, TX, featuring CEO Stuart Bodden and CFO Melissa Cougle.
Webcast Access: The presentation will be available via webcast on the conference host's website and Ranger's investor relations page.
Company Overview: Ranger is the largest provider of high specification mobile rig well services and related services in the U.S. oil and gas industry, supporting various phases of well operations.
IDEAS Conference Mission: The IDEAS Investor Conferences aim to offer quality companies a platform to present their investment opportunities to influential investment professionals.
Ranger Energy Reports Decrease in Q3 Profit and Revenue; Purchases American Well Services for Approximately $90.5 Million
Financial Performance: Ranger Energy Services reported a significant decline in profit for Q3, with net income dropping to $1.2 million from $8.7 million a year earlier, and revenue falling 16% to $128.9 million.
Acquisition Announcement: The company announced the acquisition of American Well Services for approximately $90.5 million, which is expected to enhance earnings and cash flow, with projected annual synergies of about $4 million.
Dividend Declaration: Ranger declared a cash dividend of $0.06 per share, set to be paid on December 5 to shareholders of record as of November 21.
Stock Market Reaction: Following the earnings report and acquisition news, Ranger's stock experienced a decline of over 2% in pre-market trading after a slight drop of 0.22% to $13.75 on the previous Friday.
