Ranger Energy Services (RNGR) Misses Q4 EPS by 5c, FY23 Revenue Guidance Tops Views
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Ranger Energy Services, Inc. Announces Q4 2022 and Full Year 2022 Financial and Operational Results
March 7, 2023 7:55 AM ESTTransformational year marked by significant growth and strong cash flows
HOUSTON--(BUSINESS WIRE)-- Ranger Energy Services, Inc. (NYSE: RNGR) (Ranger or the Company) announced today its results for the fourth quarter and full year ended December 31, 2022.
Fourth Quarter 2022 Highlights
Revenue of $154.3 million, a 25% increase year-over-year
Net income of $7.6 million, or $0.30 per fully diluted share
Adjusted EBITDA1 of $21.6 million, a 137% increase year-over-year with free cash flow1 of $20.9 million.
Full Year 2022 Highlights
Revenue of $608.5 million,... More
