secwatch.observer — SEC 8-K summary
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Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001699039-23-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903923000054/0001699039-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903923000054/rng-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001699039-23-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer