Ranger Industries, Inc. (RNGR) Tops Q1 EPS by 18c, Revenues Beat

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Go back to Ranger Industries, Inc. (RNGR) Tops Q1 EPS by 18c, Revenues Beat

Ranger Energy Services, Inc. Announces Q1 2020 Results

April 30, 2020 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 March 31, 2020.

Revenue, net income and Adjusted EBITDA sequentially flat to up despite softening market

Wireline recorded new peak period stage count

High Specification Rigs posted record rig rates

Aggressive cost cutting now taking place to reflect current market conditions

Consolidated Financial Highlights

Revenues increased 1% to $81.0 million in Q1, from $80.2 million in Q4. Our Completion and Other Services and High... More