Ranger Energy Services (RNGR) Misses Q4 EPS by 5c, FY23 Revenue Guidance Tops Views

Ranger Energy Services (NYSE: RNGR) reported Q4 EPS of $0.30, $0.05 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $154.3 million versus the consensus estimate of $171.2 million.

GUIDANCE:

Ranger Energy Services sees FY2023 revenue of $685-715 million, versus the consensus of $684 million.

• Adjusted EBITDA for the full year is anticipated to be between $95 million and $105 million
• Free cash flow conversion rates of approximately 60% anticipating between $55 million and $70 million to be used toward ongoing repayment of debt, enacting a capital return program, and strategic growth opportunities.

For earnings history and earnings-related data on Ranger Energy Services (RNGR) click here.

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