---
schema_version: "secwatch.filing_event.v1"
accession: "0001699039-23-000054"
form_type: "8-K"
ticker: "RNGR"
cik: "0001699039"
company_name: "Ranger Energy Services, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:40:21.179501+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001699039-23-000054
- form_type: 8-K
- ticker: RNGR
- cik: 0001699039
- company_name: Ranger Energy Services, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000054/0001699039-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000054/rng-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699039-23-000054
- JSON: https://secwatch.observer/filing/0001699039-23-000054.json
- Plain text: https://secwatch.observer/filing/0001699039-23-000054.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000054/0001699039-23-000054-index.htm

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