secwatch.observer — SEC 8-K summary
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Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K/A
Filed at:   2022-03-23T23:59:59+00:00
Accession:  0001699039-22-000017
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acquired Basic business reports $138.9M net loss in 2020; revenue down 50% YoY
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- Revenue for 2020 was $169.4M vs $337.5M in 2019, a 50% drop.
- Net loss widened to $138.9M in 2020 from $39.1M in 2019.
- 2020 results include $67.1M in impairment charges ($59.9M long-lived assets, $7.1M goodwill).
- Well service revenue fell 38% YoY to $120.5M; completion & remedial fell 65% to $49.0M.
- Combined pro forma data filed to show Ranger's historical results with the acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903922000017/0001699039-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903922000017/rngr-100121formbasicenergy.htm
  HTML page:      https://secwatch.observer/filing/0001699039-22-000017

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