--- schema_version: "secwatch.filing_event.v1" accession: "0001699039-23-000123" form_type: "8-K" ticker: "RNGR" cik: "0001699039" company_name: "Ranger Energy Services, Inc." filed_at: "2023-10-31T23:59:59+00:00" generated_at: "2026-06-09T04:47:07.561309+00:00" event_type: "earnings" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Ranger Q3 net income $9.4M, Adj EBITDA $24.0M; guides FY23 rev $630-640M ## Summary - Revenue $164.4M (+1% seq, -7% YoY); net income $9.4M ($0.38 EPS) vs $6.1M in Q2. - FY2023 guidance: rev $630-640M, Adj EBITDA $85-90M, free cash flow $45-55M. - Chairman Austin and director Agee to retire Dec 31; Kearney becomes Chairman; Mashinski and Woolverton elected directors. - Quarterly dividend declared $0.05/share, payable Dec 1 to holders of record Nov 13. - Repurchased $2.7M of shares in Q3; YTD total $8.6M (3% of shares outstanding). ## SEC filing metadata - accession: 0001699039-23-000123 - form_type: 8-K - ticker: RNGR - cik: 0001699039 - company_name: Ranger Energy Services, Inc. - filed_at: 2023-10-31T23:59:59+00:00 - event_type: earnings - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 2.02, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/0001699039-23-000123-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/rng-20231026.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001699039-23-000123 - JSON: https://secwatch.observer/filing/0001699039-23-000123.json - Plain text: https://secwatch.observer/filing/0001699039-23-000123.txt ## Key facts - Earnings Releases Ranger Energy Services, Inc. reported the third quarter ended September 30, 2023 results: revenue Revenue of $164.4 million, net income Net income of $9.4 million, or $0.38 per fully diluted share, EPS $0.38 per fully diluted share. - Period: the third quarter ended September 30, 2023 - Revenue: Revenue of $164.4 million - Net income: Net income of $9.4 million, or $0.38 per fully diluted share - EPS: $0.38 per fully diluted share - Result: reported results source text: Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the third quarter ended September 30, 2023 . Third Quarter 2023 Highlights – Revenue of $164.4 million, a 1% increase from $163.2 million in the second quarter 2023 – Net income of $9.4 million, or $0.38 per fully diluted share, up from $6.1 million, or $0.24 per share in second quarter of 2023 evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/0001699039-23-000123-index.htm - Earnings Releases Ranger Energy Services, Inc. reported third quarter ended September 30, 2023 results: revenue Revenue of $164.4 million, net income Net income of $9.4 million, or $0.38 per fully diluted share, EPS $0.38 per fully diluted share. - Period: third quarter ended September 30, 2023 - Revenue: Revenue of $164.4 million - Net income: Net income of $9.4 million, or $0.38 per fully diluted share - EPS: $0.38 per fully diluted share - Result: reported results source text: Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the third quarter ended September 30, 2023 . Third Quarter 2023 Highlights – Revenue of $164.4 million, a 1% increase from $163.2 million in the second quarter 2023 – Net income of $9.4 million, or $0.38 per fully diluted share, up from $6.1 million, or $0.24 per share in second quarter of 2023 evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/0001699039-23-000123-index.htm - Executive change Sean Woolverton was elected as Director at Ranger Energy Services, Inc.. - Action: elected - Role: Director source text: On October 26, 2023, the Board elected each of Carla Mashinski and Sean Woolverton to serve as directors of the Company. Ms. Mashinski and Mr. Woolverton will join the Board on January 1, 2024 evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/0001699039-23-000123-index.htm - Executive change William M. Austin retired as Chairman of the Board at Ranger Energy Services, Inc.. - Action: retired - Role: Chairman of the Board source text: On October 26, 2023, the Board of Directors (the "Board") of the Company received notice from William M. Austin, Chairman of the Board, and Richard E. Agee of their intentions to retire from the Board effective December 31, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/0001699039-23-000123-index.htm - Executive change Michael Kearney was appointed as Chairman at Ranger Energy Services, Inc.. - Action: assumed - Role: Chairman source text: Michael Kearney will assume the role of Chairman upon the retirement of Mr. Austin. evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/0001699039-23-000123-index.htm - Executive change Richard E. Agee retired as Director at Ranger Energy Services, Inc.. - Action: retired - Role: Director source text: On October 26, 2023, the Board of Directors (the "Board") of the Company received notice from William M. Austin, Chairman of the Board, and Richard E. Agee of their intentions to retire from the Board effective December 31, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/0001699039-23-000123-index.htm - Executive change Carla Mashinski was elected as Director at Ranger Energy Services, Inc.. - Action: elected - Role: Director source text: On October 26, 2023, the Board elected each of Carla Mashinski and Sean Woolverton to serve as directors of the Company. Ms. Mashinski and Mr. Woolverton will join the Board on January 1, 2024 evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/0001699039-23-000123-index.htm - Governance Changes Ranger Energy Services, Inc.: Amended and restated bylaws to update for changes in Delaware General Corporate Law, implement edits related to Rule 14a-19, and make other conforming/technical changes (effective 2023-10-26). - Change: bylaw amendment - Effective: 2023-10-26 source text: On October 26, 2023 the Board adopted amended and restated bylaws (the “Amended Bylaws”) of the Company to be effective October 26, 2023, to update for changes in the Delaware General Corporate Law (the “DGCL”) and implement edits related to Rule 14a-19 under the Securities Act of 1934, as amended (“Rule 14a-19”) and other changes. evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/0001699039-23-000123-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.