Ranger Energy Services (RNGR) Misses Q2 EPS by 34c

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Go back to Ranger Energy Services (RNGR) Misses Q2 EPS by 34c

Ranger Energy Services, Inc. Announces Q2 2021 Results

July 29, 2021 5:17 PM EDT

HOUSTON--(BUSINESS WIRE)-- Ranger Energy Services, Inc. (NYSE: RNGR) (Ranger or the Company) announced today its results for its fiscal quarter ended June 30, 2021.

Completed Patriot and PerfX (Q3) acquisitions; significantly expanding wireline scale and scope

31% sequential growth in revenue with increases across all segments

High Spec Rig segment posted recent high levels of both revenue and margin

Consolidated Financial Highlights

Quarterly revenues of $50.0 million increased $11.7 million, or 31%, from $38.3 million in Q1. Revenue increases took place across all reporting segments.

Net loss of $9.1 million increased $0.8... More