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May 28, 2015 9:31 AM ET

Energy Equipment and Services

Company Overview of RigNet, Inc.

Company Overview

RigNet, Inc. provides digital technology solutions to the oil and gas industry. The company operates through three segments: Eastern Hemisphere, Western Hemisphere, and Telecoms Systems Integration. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company also offers a communications package of voice, data, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access, as well as ...

1880 South Dairy Ashford

Suite 300

Houston, TX 77077

United States

Founded in 2000

698 Employees

Phone:

281-674-0100

Fax:

281-674-0101

Key Executives for RigNet, Inc.

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $451.2K
Chief Financial Officer, Principal Accounting Officer and Senior Vice President
Age: 51
Total Annual Compensation: $287.1K
Senior Vice President, General Counsel and Corporate Secretary
Age: 60
Total Annual Compensation: $259.0K
Group Vice President of Managed Services
Age: 53
Total Annual Compensation: $260.8K
Compensation as of Fiscal Year 2014.

RigNet, Inc. Key Developments

RigNet, Inc. Extends Two-Year Managed Remote Communications Contract for Upstream Oil & Gas Company in the Middle East

RigNet, Inc. announced that it has renewed a two-year contract, that includes increased bandwidth, with an upstream oil and gas company to deliver managed network communications solutions between their head office, base camp and five onshore rigs.

RigNet Eastern Hemisphere Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

RigNet Eastern Hemisphere reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $38,971,000 compared with $38,022,000 for the same period last year. Operating income was $13,571,000 compared with $13,622,000 for the same period last year. Adjusted EBITDA was $17,475,000 compared with $16,691,000 for the same period last year.

RigNet Telecoms Systems Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

RigNet Telecoms Systems unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $10,551,000 compared with $15,613,000 for the same period last year. Operating income was $634,000 compared with $963,000 for the same period last year. Adjusted EBITDA was $1,249,000 compared with $2,011,000 for the same period last year.

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