Ranger Energy Q3 revenue $177M, net income $13.6M; raises full-year guidance

Ranger Energy Services, Inc.

2022-Q3 EPS reported $0.33 revenue$454,200,000

Revenue $177M, up 15% QoQ and >100% YoY; net income $13.6M vs $0.4M loss prior quarter.
Adjusted EBITDA $30.3M, up 69% QoQ; margins exceed 17%, above 15% year-end target.
Wireline Services Adjusted EBITDA $11.4M, up 165% QoQ on increased pricing and internal initiatives.
Net debt reduced 19% to $57.5M; liquidity $35.7M with $30.5M revolver capacity.
Full-year 2022 revenue guidance raised to $615-620M; margins near top of prior 13% guidance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ranger Energy Services, Inc. reported quarter ended September 30, 2022 results: revenue $177.0 million, net income $13.6 million. Guidance raised.

Period: quarter ended September 30, 2022
Revenue: $177.0 million
Net income: $13.6 million
Guidance: raised
Result: reported results

Exact text from the filing

– Revenue for the third quarter of 2022 was $177.0 million, an increase of $23.4 million, or 15%, from $153.6 million in the prior quarter and an increase of over 100% from the prior year. – Net income for the third quarter was $13.6 million, an improvement of $14.0 million from a reported net loss of $0.4 million in the second quarter of the year and an increase of $22.7 million, or 250%, from the third quarter of 2021.

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Source: SEC EDGAR

accession 0001699039-22-000142

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