Ranger Energy Services (RNGR) Misses Q2 EPS by 34c
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Ranger Energy Services, Inc. Announces Q2 2021 Results
July 29, 2021 5:17 PM EDTHOUSTON--(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
