Ranger Industries, Inc. (RNGR) Misses Q2 EPS by 28c, Revenues Miss

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Go back to Ranger Industries, Inc. (RNGR) Misses Q2 EPS by 28c, Revenues Miss

Ranger Energy Services, Inc. Announces Q3 2019 Results

October 24, 2019 5:00 PM EDT

HOUSTON--(BUSINESS WIRE)-- Ranger Energy Services, Inc. (NYSE: RNGR) (Ranger or the Company) announced today its results for its fiscal quarter ended September 30, 2019.

Cash flows from operations of $22 million generated during Q3 2019

Net debt reduced $17 million

Wireline utilization return to peak, historic levels

Consolidated Q3 2019 Financial Highlights

Revenues decreased slightly to $84.1 million, from $84.3 million in Q2. Sequential growth in Wireline and Processing Solutions revenue was offset by Other Service declines.

Net income decreased $2.7 million, to a loss... More