Ranger Industries, Inc. (RNGR) Reports In-Line Q4 EPS, Revenues Beat

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Go back to Ranger Industries, Inc. (RNGR) Reports In-Line Q4 EPS, Revenues Beat

Ranger Energy Services, Inc. Announces Q4 2019 Results

February 27, 2020 5:00 PM EST

HOUSTON--(BUSINESS WIRE)-- Ranger Energy Services, Inc. (NYSE: RNGR) (Ranger or the Company) announced today its results for its fiscal quarter ended December 31, 2019.

Cash flows from operations of $16 million generated during Q4 and $52 million for full year 2019

Net debt reduced $11 million in Q4 and $27 million for full year 2019

High Specification Rigs posted highest rig hours of the year

Wireline bettered previous peak stage count

Consolidated Financial Highlights

Revenues decreased 4.6% to $80.2 million in Q4, from $84.1 million in Q3. Our Completion... More