Ranger Q2: revenue $138.1M, EPS $0.21; record high-spec rig segment; declares $0.05 dividend

Ranger Energy Services, Inc.

2024-Q2 EPS reported $0.17 revenue$275,000,000

Net income $4.7M ($0.21 diluted EPS) vs $6.1M ($0.24) YoY; Adjusted EBITDA $21.0M, up 93% QoQ.
High spec rig revenue record $82.7M (+7% YoY); Wireline revenue fell 55% YoY to $24.5M.
Board declared $0.05/share quarterly dividend payable Aug 23 to holders of record Aug 9, 2024.
Share repurchases: 518,200 shares in Q2 ($5.3M); total buybacks since inception 3.17M shares (14% of outstanding).
Free Cash Flow $6.8M in Q2; YTD $12.3M; liquidity $72.2M (incl. $63.5M revolver capacity).

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