secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K/A
Filed at:   2022-03-23T23:59:59+00:00
Accession:  0001699039-22-000021
Event type: m_and_a
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ranger Energy acquires Basic assets; acquired business had $138.9M net loss in 2020
--------------------------------------------------------------------------------

- Acquired Basic business revenue fell 50% YoY to $169.4M in 2020 from $337.5M in 2019.
- Net loss of $138.9M in 2020, including $67.1M impairment and $59.9M long-lived asset impairment.
- Acquired business operating loss $138.5M in 2020 vs $38.3M in 2019.
- Total assets of acquired business were $104.9M at Dec 31, 2020, down from $207.4M a year earlier.
- Parent company equity in acquired business dropped to $46.4M from $148.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903922000021/0001699039-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903922000021/rngr-100121formbasicenergy1.htm
  HTML page:      https://secwatch.observer/filing/0001699039-22-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer