good Thank you, morning, and everyone.
We are our third to conference to XXXX earnings quarter call. welcome pleased you
challenging these pressure early enables all continues of for the production-focused activity Ranger's performance business watermark and that lines. business decreases markedly model declines, macro broader performance XXXX. gas model rig have high been Despite again no service than Ranger's conditions, some our in validated matter financial a OFS and market differentiated quarter's resilient we to more has performance once complex. conditions. And to our completion set since demonstrate contributed Drilling This market strong conditions count have new
a and near-record and with in testament revenue business future results a in of another level, at execute the our Services our Torrent teams coil a our also quarterly quarterly achieved the Specification positive exceptional high Wireline potential results giving us saw indication crews earnings to High Our to These Ancillary are we brand continues our new in a the an record revenue for segment, rebound EBITDA. of segment growth. setting Encouragingly, tubing record showing posting business. adjusted Rig field. very
quarter made to was few in This million, achieved customers. business, another coming performance targeted in million deliver record adjusted results of around of the quarterly $XX.X million Adding with Specification our a and our margins company's and able in $XX.X with best revenues scale of High Ranger with partnerships segments we history the $XXX adjusted XX%. million. our of EBITDA in details our core and in we highlights basins have EBITDA investments sales second at gross resulting $XX.X our Rigs and
the investments strategic to diligently Over and past assets showcase commitment alongside as our to customers them of and well year, personnel partnering well. we worked at site, have every Ranger's with closely quality making
are shape. The taking results those of investments now
[ to quality and and our customers grow focus incremental Our allowed commitment ] production us more deliver of the have base work with to quality highest services.
segment. expect we As remains will and XXXX robust for But anticipate we weather we of demand business another year because this performance into customer core QX, head impacts. strong affect do holiday in and seasonality
believe of quarter-over-quarter had business XX%. adjusted adjusted Torrent revenue by increased which also revenues tubing We margin but impressive last will revenue this driving an services outstanding Ancillary and with $XX this season by million holiday of and and be our record and gross $X.X Processing EBITDA quarter, EBITDA XX% XX% by The service XX% of an business year. coiled XX% in resulted million, with winter the EBITDA with last will than growth bring some declines in increased we quarter over and less encountered margins. segment. line, by declines Coiled severe the tubing likely in and those
during months line Service reactivation room in there margins third now fast-growing gas processing are to from is field growth asked line touching power Torrent. some quarter, focused to XX% the minimal branded service gas QX. This It assets EBITDA on has and CapEx. frequently with business nearly We is its market. continue about the and processing generation doubling showed infield impressive are exposure deploying additional our conditioning and
a We leading business, team excited reach see Ranger are high-growth to its to we to grow continue great as have this and we into this further contribution it market.
Lastly, on services. I touch want to Wireline
growing are with quarter revenue Wireline performance paying restructuring that efforts off. in giving us Third was quarter-over-quarter, our encouraging, and sense a margins
Perf which previously and pressure commoditized, work We has Wireline collateral as have well. space Down has discussed production Wireline put and completions the how on Pump Plug traditional become work
related Pump work. opportunities pursue Down We to production to grow services continue Wireline in
we been conditions. and accomplishment market Due fourth Northern in slow Our each to to our grow revenues progress in but have production the expected decline. impact quarter in quarter steady more exposure and seasonality heavier given is our this significantly to current and are has seen great Pump margins quarter segment's expected Down where region, margins a first
we should grow an to upward created and believe trajectory the we've we Wireline in spring, base year. this from the into return moving However,
fragmented We in our strength in a balance to how the current maintaining industry execute rock-solid consolidator sheet ripe are be which is balance we continue consolidation, overall space. strategy. it we've believe of a us role financial and this positioned to in well priority a to our flexibility opportunities talk our on shareholders. market that plays maximum We we and provides of frequently Through for conditions, of benefit operate sheet significant for made a a
and our continue second in to consolidate for the small-cap action opportunities we our industry, none energy. front, to While the returns dramatic further returns the shareholder have we believe been shares investment shareholder have on look taken compelling given efforts we to own represent
shareholders our of regular repurchases. flow through a significant free and XX% share over returned dividend year-to-date have to cash We our
returns this at strong through compelling capture our put and market financial gap. continue Ranger back flows believe accretive have returns, bought repurchases We share we and is where our our the from continues results, money to Despite will valuations. cash strong and mouth capital our highly we undervalue to stock value
value rig count. cash untapped focus commitment significant free despite production safety superior and EBITDA land U.S. have adjusted resilient and represents remarkably quality flow to service proven anemic of and our multiples Our and
understanding consistent of with will our widely by believe recognized greater more and execution model, our acknowledged be We strengths the market. business and
XXXX, Looking forward and and of business, into generate confident now its smaller its Rigs contribution should we But robust to and larger are coiled cement Services further our margins will is year-over-year Specification are to growing Ancillary a becoming increasing potential. well. service Torrent we're lines High continue we its our overall achieve growth as with once results climb as such tubing increasingly P&A, leader, components that further that growth. keep to as market poised role
Wireline their dedication for that thank and bring this I employees day, leadership regard. for will optimistic further with are that our up will no to for continue their we I want about Finally, stabilize customers safety. team want and our to cautiously our thank and partnership. a the XXXX and matter in excellent showing conditions service to an dedication And every loyal spirit to improvement
consolidation We been about our believe impact that answer of is the Ranger. and benefit operator are asked business, on frequently to has a the we net consolidation
for work operators cycle. is a Ranger the of X a service up prefer time work with our perform show well-trained for on built reasons equipment. continued Ranger through the the budget that has with key well-maintained reliability, providers larger partner to and success preferred on with crews will successfully continues reputation which high-quality and to quality be that and
founding, direction would its Wagon and at has stepping been its like from will Finally, Directors. and been and who in have Ranger's setting ] supporting thank announced company's and ] I growth. recognize be strategic since Ranger of has instrumental to Charlie CSL Charlie down the he Board [ [ he
it and for simply, would is contributions Quite company. we been are grateful of his today his and not Ranger guidance. everything Board, is has leadership for be He without member the invaluable done an the where and
With the over our to operations that, I and results. will turn Melissa review to call financial
