Ranger Q2 revenue $163.2M (+6% YoY), net income $6.1M vs loss, initiates $0.05 dividend

Ranger Energy Services, Inc.

2023-Q2 EPS reported $0.49 revenue$320,700,000

Revenue $163.2M (+6% YoY); net income $6.1M ($0.24 diluted EPS) vs loss of $0.4M in Q2 2022.
Adjusted EBITDA $21.9M (+22% YoY); free cash flow $28.0M YTD with 67% conversion rate.
Reduced debt to $0.3M from $18.4M at year-end 2022; net debt zero goal achieved.
Declared first quarterly dividend of $0.05/share, payable Sept 8, 2023 to record Aug 18, 2023.
FY 2023 revenue guidance narrowed to $660-680M; Adj EBITDA forecast $92-97M.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Ranger Energy Services, Inc. reported the quarter ending June 30, 2023 results: revenue $163.2 million, net income $6.1 million, EPS $0.24 per fully diluted share.

Period: the quarter ending June 30, 2023
Revenue: $163.2 million
Net income: $6.1 million
EPS: $0.24 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 second quarter ended June 30, 2023 . Second Quarter 2023 Highlights – Revenue of $163.2 million, a 6% increase from $153.6 million in second quarter 2022 – Net income of $6.1 million, or $0.24 per fully diluted share, up from a net loss of $0.4 million, or $0.02 loss per

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Source: SEC EDGAR

accession 0001699039-23-000096

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