Ranger Q2 revenue $153.6M (+24% QoQ); net loss narrows to $0.4M from $5.7M

Ranger Energy Services, Inc.

2022-Q2 EPS reported -$0.29 revenue$277,200,000

Revenue of $153.6M, up 24% from Q1 and 207% YoY; net loss improved $5.3M to $0.4M.
Adjusted EBITDA of $18.0M grew 88% QoQ; net debt reduced 24% to $70.7M.
High Spec Rigs revenue $76M (+17% QoQ); Wireline swung to $1.5M operating income.
FY2022 revenue guidance raised to $580-600M; EBITDA margin 11-13% reaffirmed.
Acquired Basic assets generated >$130M revenue and >$20M EBITDA in 9 months.

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