---
schema_version: "secwatch.filing_event.v1"
accession: "0001699039-23-000011"
form_type: "8-K"
ticker: "RNGR"
cik: "0001699039"
company_name: "Ranger Energy Services, Inc."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T09:50:58.188865+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001699039-23-000011
- form_type: 8-K
- ticker: RNGR
- cik: 0001699039
- company_name: Ranger Energy Services, Inc.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000011/0001699039-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000011/rng-20230301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699039-23-000011
- JSON: https://secwatch.observer/filing/0001699039-23-000011.json
- Plain text: https://secwatch.observer/filing/0001699039-23-000011.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000011/0001699039-23-000011-index.htm
- Executive change
  Byron Dunn departed as Director at Ranger Energy Services, Inc..
  - Action: will not stand for re-election
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000011/0001699039-23-000011-index.htm
- Executive change
  Gerald Cimador departed as Director at Ranger Energy Services, Inc..
  - Action: resignation
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000011/0001699039-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.