Ranger Q1 revenue $157.5M (+27% YoY); net income $6.2M vs loss; EPS $0.25

Ranger Energy Services, Inc.

2023-Q1 EPS reported $0.25 revenue$157,500,000

Adjusted EBITDA $20.1M, up 109% from $9.6M in Q1 2022.
High Spec Rigs revenue $77.5M (+19% YoY); Wireline $49.9M (+29% YoY).
Reduced total debt to $15.6M; initiated share repurchase program in Q1.
FY 2023 guidance unchanged: revenue $685-715M, Adj. EBITDA $95-105M.
Ended quarter with $68.4M liquidity; free cash flow $12.0M vs -$13.7M prior year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ranger Energy Services, Inc. reported the first quarter ended March 31, 2023 results: revenue Revenue of $157.5 million, net income Net income of $6.2 million, EPS $0.25 per fully diluted share.

Period: the first quarter ended March 31, 2023
Revenue: Revenue of $157.5 million
Net income: Net income of $6.2 million
EPS: $0.25 per fully diluted share
Result: reported results

Exact text from the filing

Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the first quarter ended March 31, 2023 . First Quarter 2023 Highlights – Revenue of $157.5 million, a 27% increase from $123.6 million in first quarter 2022 – Net income of $6.2 million, or $0.25 per fully diluted share, up from a net loss of $5.7 million, or $0.31 loss per

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Source: SEC EDGAR

accession 0001699039-23-000054

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