Ranger Energy Q4 rev $154.3M (+25% YoY), adj EBITDA $21.6M; FY23 guidance and $35M buyback

Ranger Energy Services, Inc.

Q4 2022 revenue $154.3M (+25% YoY), net income $7.6M ($0.30 EPS), adj EBITDA $21.6M (+137% YoY).
FY2022 revenue $608.5M (+108% YoY), net income $15.1M, adj EBITDA $79.5M (+521% YoY); debt reduced 71% to $18.4M.
FY2023 guidance: revenue $685-715M, adj EBITDA $95-105M, free cash flow $55-70M.
Board authorized $35M share repurchase program (36 months) and plans $0.05 quarterly dividend once net debt zero.
Board to shrink from 9 to 7; directors Byron Dunn (not standing) & Gerald Cimador (resigning) effective at 2023 annual meeting.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Byron Dunn

Director

RNGR · Ranger Energy Services, Inc.

Effective: 2023-05-12
Filed: March 7, 2023, 6:59 PM ET

The Board has accepted Byron Dunn’s announcement he will not stand for re-election at the 2023 Annual General Meeting and Gerald Cimador’s resignation effective on the date of the 2023 Annual General Meeting, which together will have the effect of achieving the resolved reduction in the Board size from nine to seven members.

Departed

Gerald Cimador

Director

RNGR · Ranger Energy Services, Inc.

Effective: 2023-05-12
Filed: March 7, 2023, 6:59 PM ET

The Board has accepted Byron Dunn’s announcement he will not stand for re-election at the 2023 Annual General Meeting and Gerald Cimador’s resignation effective on the date of the 2023 Annual General Meeting, which together will have the effect of achieving the resolved reduction in the Board size from nine to seven members.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Ranger Energy Services, Inc. reported the fourth quarter and full year ended December 31, 2022 results: revenue $154.3 million, net income $7.6 million, EPS $0.30 per fully diluted share. Guidance reaffirmed.

Period: the fourth quarter and full year ended December 31, 2022
Revenue: $154.3 million
Net income: $7.6 million
EPS: $0.30 per fully diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

announced today its results for the fourth quarter and full year ended December 31, 2022 . Fourth Quarter 2022 Highlights – Revenue of $154.3 million, a 25% increase year-over-year – Net income of $7.6 million, or $0.30 per fully diluted share

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Byron Dunn departed as Director at Ranger Energy Services, Inc..

Action: will not stand for re-election
Role: Director

Exact text from the filing

The Board has accepted Byron Dunn’s announcement he will not stand for re-election at the 2023 Annual General Meeting and Gerald Cimador’s resignation effective on the date of the 2023 Annual General Meeting, which together will have the effect of achieving the resolved reduction in the Board size from nine to seven members.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gerald Cimador departed as Director at Ranger Energy Services, Inc..

Action: resignation
Role: Director

Exact text from the filing

The Board has accepted Byron Dunn’s announcement he will not stand for re-election at the 2023 Annual General Meeting and Gerald Cimador’s resignation effective on the date of the 2023 Annual General Meeting, which together will have the effect of achieving the resolved reduction in the Board size from nine to seven members.

View on SEC.gov

Browse all earnings releases →

Ranger Energy Services, Inc. filing history →

Source: SEC EDGAR

accession 0001699039-23-000011

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.