Ranger Industries, Inc. (RNGR) Tops Q3 EPS by 7c

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Go back to Ranger Industries, Inc. (RNGR) Tops Q3 EPS by 7c

Ranger Energy Services, Inc. Announces Q3 2020 Results

October 22, 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 September 30, 2020.

Net loss and Adjusted EBITDA1 improved 36% vs Q2

Net debt reduction of $4 million along with an increase in liquidity

Momentum grew across Q3 with monthly sequential revenue and EBITDA increases

Consolidated Financial Highlights

Revenues increased $3.9 million, or 13%, to $34.6 million in Q3, from $30.7 million in Q2. Revenue increases took place in the High Specification Rigs and Completion and Other Services segments.

Net loss... More