Ranger Energy Services (RNGR) Reports Q1 Loss of $0.31/sh
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Ranger Energy Services, Inc. Announces Q1 2022 Results
April 28, 2022 5:19 PM EDTHOUSTON--(BUSINESS WIRE)-- Ranger Energy Services, Inc. (NYSE: RNGR) (Ranger or the Company) announced today its results for its fiscal quarter ended March 31, 2022.
Quarterly revenues of $123.6 million increased $0.5 million from $123.1 million in Q4 despite weather and supply chain related delays early in the quarter
High-Spec Rig revenue grew 9% or $5.4 million sequentially with an operating income increase of $6.8 million to $7.7 million in Q1 from $0.9 million in Q4
Capital structure simplification complete with Class A common stock our sole outstanding equity
Consolidated Financial Highlights
Quarterly revenues of $123.6 million increased $0.5 million from... More
