secwatch.observer — SEC 8-K summary
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Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001699039-23-000123
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ranger Q3 net income $9.4M, Adj EBITDA $24.0M; guides FY23 rev $630-640M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/0001699039-23-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903923000123/rng-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001699039-23-000123

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