Significant Year-over-Year Growth in Adjusted EBITDA
Ranger reported a 42% increase in adjusted EBITDA year-over-year, reaching $15.5 million for Q1 2025.
Strong Performance of High Spec Rigs
The High Spec Rigs segment recorded its fifth consecutive quarter of revenue growth with revenue of $87.5 million and a 28% increase in adjusted EBITDA from Q1 2024.
Ancillary Services Revenue Growth
Revenue from Ancillary Services increased by 25% compared to the same period last year, with adjusted EBITDA more than doubling.
Robust Financial Position
The company reported zero long-term debt, $104.4 million of liquidity, and $40 million of cash on hand as of March 31, 2025.
Torrent Platform Performance
The Torrent gas capture and processing platform saw revenues quadruple compared to the same period last year, with margins solidly between 25% and 30% monthly.