---
schema_version: "secwatch.filing_event.v1"
accession: "0001699039-24-000066"
form_type: "8-K"
ticker: "RNGR"
cik: "0001699039"
company_name: "Ranger Energy Services, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:04:17.820024+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ranger Energy Q1 2024 revenue $136.9M (-13% YoY), net loss $0.8M; declares $0.05 dividend

## Summary
- Revenue $136.9M, down 13% YoY; net loss $0.8M vs $6.2M income; adj. EBITDA $10.9M, down 46%.
- High-spec rig rev +3% to $79.7M; wireline rev -34% to $32.8M due to completions market pullback.
- Quarterly dividend $0.05/share, payable May 31, record May 17.
- Repurchased 846,900 shares for $8.5M in Q1; cumulative 2.65M shares for $27.6M since program start.
- Identified $4M annualized cost savings; expects Q2 revenue and margin improvement.

## SEC filing metadata
- accession: 0001699039-24-000066
- form_type: 8-K
- ticker: RNGR
- cik: 0001699039
- company_name: Ranger Energy Services, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699039/000169903924000066/0001699039-24-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699039/000169903924000066/rng-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699039-24-000066
- JSON: https://secwatch.observer/filing/0001699039-24-000066.json
- Plain text: https://secwatch.observer/filing/0001699039-24-000066.txt

## Key facts
- Earnings Releases
  Ranger Energy Services, Inc. reported first quarter ended March 31, 2024 results: revenue $136.9 million, net income $0.8 million loss, EPS negative $0.03 per fully diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $136.9 million
  - Net income: $0.8 million loss
  - EPS: negative $0.03 per fully diluted share
  - Result: reported results
  source text: Ranger Energy Services, Inc. Announces Q1 2024 Results HOUSTON, TX--(May 7, 2024) - Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the first quarter ended March 31, 2024 . First Quarter 2024 Highlights – Revenue of $136.9 million, a 13% decrease from $157.5 million in first quarter 2023 driven by declines in wireline completions and ancillary services – High specification rig revenue of $79.7 million, a 3% increase from $77.5 million in first quarter 2023 with additional growth anticipated in future quarters – Net loss of $0.8 million, or negative $0.03 per fully diluted share, a decrease from net income of $6.2 million, or $0.25 per share in first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903924000066/0001699039-24-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.