Ranger Industries, Inc. (RNGR) Misses Q2 EPS by 5c, Revenues Miss
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Ranger Energy Services, Inc. Announces Q2 2020 Results
July 23, 2020 5:29 PM EDTHOUSTON--(BUSINESS WIRE)-- Ranger Energy Services, Inc. (NYSE: RNGR) (Ranger or the Company) announced today its results for its fiscal quarter ended June 30, 2020.
Cash flow from operations of $16 million
Net debt reduction of $15 million
Q2 Gross profit margin exceeded Q1 performance
Aggressive cost cutting and market share gains helped offset the impact of declining activity
Consolidated Financial Highlights
Revenues decreased $50.3 million, or 62%, to $30.7 million in Q2, from $81.0 million in Q1. Revenue declines took place across... More
