to our earnings you quarter and a I'm of XXXX welcome pleased and fourth full year Ranger. call. year to was XXXX achievement significant milestones for
or decline prove Before per production and or served million we've to we to and fluctuations.Notably, to into specifics the share up have $X.XX we share, year. resilient that cycle undertaken, supported like of our a reflect take financial XXXX $XX.X quarter commitment in million, of our marking trajectory service previous per superior the delivered increase to delve resulted strategic continues full This a $X.XX by count, in decisions year from drilling focus, our which to $XXX.X and $XX.X shaped our X% I'd the earnings from operational annual a million journey market was the prior unwavering to highlights performance, revenue from macroeconomic our the industry-wide few year. net XX% income quality fully and the safety, moment diluted rig growth year. conditions fourth facing stemming from on in achieved Ranger In headwinds in a and our which path XXXX, highest company's Despite history. the challenges,
free second Converting per cash $XX.X these a levels EBITDA. approximately increasing achieved flow is for a since effectively $XX.X for adjusted prioritize to our share consistent our becoming dynamic for the X% business XX% of sheet, from a cash XXXX XXXX of the yield free reflecting our flow dedication operating our quarter of maximizing returning and to sheet of XX% in providing share million a adjusted after underscores to is leveraging pillars: industry recent debt-free, our cash XXXX declines, nearly shareholder of model shareholders by market members. we and cash capital price achieved continues landscape. In X flow exploring $XX flow, acquisitions. of Ranger valued of essential navigating significant trading acquisitions. generated commitment balance at milestone the quarter in steadfast to resulted when strategic flow face the our maximizing year, Throughout the our success team And business in throughout our fortifying in the $X.XX, the we our first or stream debt and our in cash off balance remain XXXX discipline uncertainties cash peaked capitalization in value Our million a million Ranger strong EBITDA, free of levels.Maintaining strength and we thanks differentiation and opportunities We model through growth paying activity per than XXXX, more year. generation at of robust prior increase leverage. of
continued returns our those we repurchases the place targets the shareholders.In in million balance company's to believe we first strength. sheet we and preserving year, debt-free over remain announced returns XXXX, and through million approximately shareholder XXXX growing capital crucial balance our and our $XX of With in debt XXXX. and our into and We to X.X dividend and attention remained have sheet half preserving first ended committed We is maximizing have in the to repurchased turned shares, with liquidity. minimal for optionality the cycles,
must back discuss and we over repurchased compete now shares. of Ranger's through the Ranger.We that that When When And Delivering our also only exceeded us, through engaged to acquisitions. opportunities, actively shareholders we and cash uses we and top our repurchases. shareholders, XX% a we pleased opportunities flows attractive throughout long-term and we've acquisitions own or value. remain As have of evaluating of to any remains our launched increase XX% free share keenly I'm that growth today, in most size cash stock we to And we quarter, of one available reaffirming strategic XX% meaningful aware scale. to intend returning against will are for of outstanding to capital to remain in our in of XXXX dedication report commitment it. far annual priority creating committed shareholders by returning our M&A flow the returns dividends to pivotal returns XXXX, second strategic to program Ranger's
committed approach disciplined creating we but are corporate to will and Would value, shareholders. our do any like transformational not Our accretive for ensures potential are transaction? Absolutely, transactions that maximizing value overpay. and we another we to
shareholders. a unfavorable acquisitions down in spread XXXX, acquisition opportunities, further our asset capabilities.We quarter, be nimble our current on portfolio. of support deals both and assets the fitted quickly and evaluating large we'll these fold execute sheet our equipment, and into small on enhancing In resources smaller As types operational evaluating we the result we the operations third balance in closed successfully continue pump of the into have of modest to data that behalf and of a to
our demonstrated stability, our the resilience headwinds, specification of in U.S. northern particularly is strong did our fourth by experienced faced dedication which rigs business in to our the wireline pie significant We customer rig to trajectory, count, addition shutdowns and full mention high ups weakness growth downs expected and oil region, frac segment challenges. present quarter and early in seasonal cycle not holiday impactful more focus, falling prices, the less demonstrated its production relationships.Our to to is these land QX, business ongoing and customer typical Despite and budgeting reflecting sunction than service the our where the results slowdown. quality our year unique weather some slowdowns strongest. factors, driven While
lines, revenues due and slowdown. to segment to lines certain and in the overall Processing into but service due increased market Solutions during operational costs business declined creep those Finally, and year-over-year year the scheduling operating higher inefficiencies EBITDA Services Ancillary adjusted our
Looking ahead the the near in term, of first planned, started has we peers. many quarter to similar than slower our
have that across in their all this customer-driven cautious Given the macro safety gas our quarter experienced service to pressure shutdown providers other been related providers. also start incident to activity continued caused turndown uncertainties and customers E&P have with year.We service markets, a levels of
activity in for up February, quarter. of positive paving back the On back the way levels already the side, we half stronger seeing second a pick are
Regarding underpinned full assuming a year customer slight stable XXXX, year-over-year we improvement relatively demand. felt a budget by
time about grow the start expect to in medium our mentioned year, be take to the Given and demand the post we of in ability long the stronger remain year, we the at the our of optimistic second in and half business term.
already are and is We are in customers. customer associated with encouraged activity for extended realized customer feel our reliable well XXXX. with continue the a business.We services relationships to not to providing model shown think we has the also signed our floor resilience to fully our space agreement a encouraging to levels, key year have work as We this future that conversations the such yet for lever upside
our commit fully be We showing that Ranger are willing our of company's way of cash XX% We accretive outstanding in for for most million behind deploying conditions approximately possible has dollars of repurchase Group. in date, additional the convert EBITDA resulted our in a more diligence to they're repurchase XX% ago, flows highest-quality announced spent customers these on stand cash shares. of even shareholders. our under the ability of $XX authorization the to operating we encouraged flattish continue year our free original million have over than to $XX to which flow and To
the our authorization $XX of in share returning the underlying repurchase commitment to share an to stock social underscores of responsibly to fostering to team operations. resulting our the of safety by report. additional way has efficient release our million, of reflects sustainability environmental, notable This board ever We culture belief report announce and Ranger efforts dedicated governance initiatives. the in entire and Given value a increased of our capacity across of all $XX sustainability achievements, operating and and to remain is most our our million.Along our promote all proud the with repurchase first in possible, financial the commitment capital our total continued aspects
in As year, on embark value creation. positioned continued is new performance strong well we for Ranger the
on Our driving targeted and for challenging are acquisitions. XXXX strategic conditions for market with priorities growth
and capital our committed high-quality differentiate on execution commitment the to to focus while relentless safe customer meaningful all will to a shareholders. with ourselves returns to we fully remain satisfaction, providing We
want members, business.In hard and dividends share gratitude prospects Our complemented confidence express to will acquisition the our instrumental reflecting ongoing success. whose and I in of been long-term be our to by strategy dedicated have in team our repurchases, dedication our my work conclusion,
we abilities for ahead, Melissa our shareholders. Ranger's to that, I'm With the confident a in sustainable call value to and to year going As growth to key over deliver our I am navigate review financial turn results.
