secwatch.observer — SEC 8-K summary
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Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001699039-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903923000011/0001699039-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903923000011/rng-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001699039-23-000011

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