secwatch.observer — SEC 8-K summary
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Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001699039-23-000096
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903923000096/0001699039-23-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903923000096/rng-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001699039-23-000096

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