secwatch.observer — SEC 8-K summary
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Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001699039-24-000085
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903924000085/0001699039-24-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903924000085/rng-20240729.htm
  HTML page:      https://secwatch.observer/filing/0001699039-24-000085

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