Ranger Energy Services (RNGR) Tops Q4 EPS by $1.06

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Go back to Ranger Energy Services (RNGR) Tops Q4 EPS by $1.06

Ranger Energy Services, Inc. Announces Q4 2021 Results

March 17, 2022 4:18 PM EDT

HOUSTON--(BUSINESS WIRE)-- Ranger Energy Services, Inc. (NYSE: RNGR) (Ranger or the Company) announced today its results for its fiscal quarter ended December 31, 2021.

Completed the Basic Energy asset transaction recognizing a gain on purchase of $48 million

Revenue grew 51% sequentially, driven by inorganic growth

Amended reporting segments post acquisitions

Consolidated Financial Highlights

Quarterly revenues of $123.1 million increased $41.4 million, or 51%, from $81.7 million in Q3. The revenue increase is attributable to the High Specification Rigs and Processing Solutions and Ancillary Services reporting... More