secwatch.observer — SEC 8-K summary
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Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001699039-22-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903922000142/0001699039-22-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903922000142/rng-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001699039-22-000142

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