secwatch.observer — SEC 8-K summary
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Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001699039-22-000074
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ranger Energy Q1 rev $123.6M, net loss $5.7M; raises FY22 revenue guidance to $540-580M
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- High-Spec Rig revenue grew 9% to $64.9M; operating income rose $6.8M to $7.7M.
- Adjusted EBITDA of $9.6M, up $0.5M from Q4; Wireline segment loss widened to $1.8M.
- Q2 2022 revenue guidance $135-145M with EBITDA margins 10-12%; FY22 revenue guidance raised to $540-580M.
- Since Q1 end, reduced Term Loan B by $5M and revolver by $13M, total net debt reduction of $18M.
- Company expects term debt of $10-15M, no revolver draw, positive cash by early 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903922000074/0001699039-22-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903922000074/rng-20220428.htm
  HTML page:      https://secwatch.observer/filing/0001699039-22-000074

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