team. again to on through morning everyone quarter good my solid details and the to Darron is the pleasure the of another running be It phone. Thanks, from Ranger
get into housekeeping off, First we the details. before item
an added other and we've fully costs disclosures. comments, not rig revenue and Service noted, in our prepared Well those disaggregated out into segments lines Darron have Other have single business we and our incremental Services our segment operating within broken into Historically reporting segment. As
Given the it the rig segments. to service our of separate businesses of service the non-rig growth and sense into formalize separation makes non-rig the businesses
the and and Spec Services. Other Well out will Solution forward, Processing continue have historically So The Servicing we as break segment segment it. separate High two we into previous this Completion quarter Rigs will reported results and segments: going
press segment information the additional included will related in moving color Now adding way. along the and the reiterate to the release, information on results, while incremental some I
to back top So the the queue. of
up earlier X% consolidated moved to to increase a on growth. Sequentially $X basis margins revenue from million XX% pushed $XX.X from revenue margin while quarter or EBITDA moved growth up EBITDA million. both saw million we the $XX and of another EBITDA XX.X% plus up adjusted mentioned revenue from As million, XX%. X% Combined, $XX to
segment starting Solutions partially segment revenue in Other Spec increases revenue. a Rig offset on segments, decrease our that moving sequential with Now in revenue. was to both in driven by Processing the was increase by Completion level, and Services the the segment At High our
went XX% that Rig hourly increase Spec in Permian XX,XXX an the decrease or period which by an a High in $X.X went from on in to hour partially noted Darron declines million X% down The XX,XXX Specifically a revenue rig to by $XXX along hours from hours which X% that period hours, revenue Basin was offset with driven was rate hour. $XXX incremental earlier. impacts drop expected seasonal was
at The rigs down count from XX% the average an was of rig rigs XXX revenue in combined the this quarter The and our units XX%. the was up rig to which and QX. QX average QX Completion to effect XXX Other of end fleet, increase XX hours from For driver $X.X two our in QX an of drop in to utilization was wireline in of metric two our and moved segment XX%, Services the the added up up to fleet or units rigs million. bring XX quarter, QX's growth another rig average during In completions-focused to units.
Darron declining gains Permian moving the quarter-over-quarter, another quarter to completions noted of Solutions segment’s count up was As implying count. stage And wireline market backdrop Processing segment. of share against XX% finally,
revenue Multiple contributed revenues up to count XX% both Here utilization XX% units, increase. XX% or to increase contributed XX million. MRU fleet $X.X two this very The growth. bringing a of from the strong were drivers and to to addition this sequentially
movement of a locations, margin and both forward that resulting going a average not with increase by repeat generally for at us the increase price X% installation in uptick increased installation larger was higher higher be the while a and contracts mobilization will new revenue, MRU driven existing MRUs consistently However, majority priced to the contracted of in contracts while. as will revenue in
Now, that quarter-over-quarter. X% before Overall, EBITDA moving G&A adjusted growth saw is consolidated at in line the segment details. on to bottom-line corporate revenue expansion with
decline Here sequentially Completion by Services EBITDA Rigs. and Spec and in High segments growth in partially in Other were seasonal a production offset services
EBITDA Services margins saw Spec to XX% in a a margins, seasonal decrease a segment. modest at Spec into slightly from XX% with margins down segments, corporate this to Breaking consolidated High Rigs of in the in Completion Other Turning is XX% G&A, before XX% seasonality Rigs margins from QX were High again for the revenue despite XX.X%. up expected these were to segment down the service aggregate were margin slightly impact and downtick slight down G&A to offset from QX. X.X% Mallard-branded from an The Offsetting was outside adjusted XX% which expense revenue a business in the G&A million, lines moved percentage sequentially operating down took fully by $X.X in nice sequential decline Solutions decreases EBITDA margins in Processing to expense. as not was segment down decline X.X% in G&A a to of X.X% segment wireline cost. XX%. that the margins,
a forward downtick bridge through a this expense print to costs $XXX,XXX for QX's in anticipate $X efforts. quarter in income. On reported to $X.X of from fourth just be million taken our increase in expense And EBITDA year-up with adjusted adjustments. the move and XXXX. of of by $XX.X net comp stock-based we was depreciation, of efficiency line of early our a consolidated million as driven partially items, G&A by QX, and million includes from two net increase in severance $X.X million the true-ups This interest quarter net we primarily income the $XXX,XXX sequential associated $XXX,XXX we income million sustainable decrease driven million, and $XX reported on Importantly, $X finally, decrease of EBITDA and fourth basis G&A of
balance Now sheet moving on to items.
this quarter CapEx the ancillary equipment pump-down related million. equipment; related two down set for units, of a associated incremental an Services approximately Other processing Completion maintenance segment; CapEx Spec MRU expectations QX’s the in spend with line rig is which includes for quarter, was Rigs vehicles units quarter $X fourth of with leased year million existing some and maintenance growth of the wireline than maintenance additions million two existing new just taken one with along full breaks in delivered and and less million to First, and incremental million to a High Processing $XXX,XXX. equipment if of under from addition of includes $XX Also, of pumps the This totaled ancillary our recorded segment, but rigs; $X into uptick replacement CapEx the for number segment, CapEx. associated newly support $X the of on ancillary $X.X $X to our Solutions vehicles basis. CapEx That capitalized Total for million. which
$XX.X ended the approximately revolving $XX us end left Next, with that our facility. to availability with moving million. $XX on million of change to We drawn capacity on of million QX year liquidity. no A existing facility credit here
cash $XX end Our QX’s just at million of gave slightly was the our over balance year. to just down Those QX two quarter-over-quarter million. the liquidity million items $X.X $X combined ending position of of from us
comments debt. our around some Now,
agreement. our the the $XX As on we drew we QX remaining call discussed financing capacity down million $XX million secured on of
planned, balance As payables good would structure our our on obligation. build associated like of cash a sheet. the And inflow rig I new pause rig to outstanding that and to program -- I to here, debt itself. of our remaining was rig couple it’s this high-spec place comment The purchase items on used pay think with balance new
new First, rig payables. build high-spec program our
have our us rigs build the of has removes Finalizing since roll payables all related new delivered IPO. been and the been we been all XXXX payments the with our on program have As into satisfied. new that build complexity
caused. $XX our payments payments reported some new years liability deferred that have and residual financing rig have a the payables series now facility, off kicked sheet secured removing on of any replaced that fully created build reminder, the from those gone has and balance time-to-time. as a deferred had two might nearly confusion program That with million issues As payable ago
structure, Secondly, years highlight I was financing nor that $XX stop generation to our gap secured itself new facility program would capital first flow part our from bridge intended a designed neither build the million of be assets. to cash permanent a those like to of only the to
the balance the year. over and by an $XX amortizes additional year-end As fully facility of to full-year XXXX this a reminder, period. million be By already down million million $XX.X was the million a end $XX will reduced $X.X
that at have X% debt We to prepay after early as of the XX option each a made draws also modest as were the months premium.
our not Now, million a prepay are pay we through by That's million my year-end that amortization XXXX, of flow of of as move plenty opportunities the to forecast, already implying pay for the revolver it while pointing we down available balance of debt the cash we I’ll and out turn facility balance between we're our now back $XX to And have it secured comment. prepared further modest to ability year. free down, $XX.X Darron.
