secwatch.observer — SEC 8-K summary
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Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001699039-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ranger Energy posts record FY2023 revenue $636.6M; Q4 net income $2.1M, declares $0.05 dividend
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- FY2023 revenue $636.6M (+5% YoY), net income $23.8M ($0.95 EPS), adjusted EBITDA $84.4M (+6%).
- Q4 revenue $151.5M (down from $154.3M prior year), net income $2.1M ($0.09 EPS) vs $7.6M prior year.
- Board declared $0.05 quarterly dividend payable April 5, 2024 to record March 15, 2024.
- New $50M share repurchase authorization, total capacity $85M; $21.7M returned to shareholders in 2023.
- Debt reduced to $0.1M; liquidity $85.1M; expects modest growth in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903924000018/0001699039-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903924000018/rng-20240304.htm
  HTML page:      https://secwatch.observer/filing/0001699039-24-000018

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