8-K

Ranger Energy Services, Inc. (RNGR)

8-K 2022-10-17 For: 2022-10-17
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Added on April 06, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 17, 2022

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Ranger Energy Services, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 001-38183 81-5449572
(State or other jurisdiction<br><br>of incorporation) (Commission<br><br>File Number) (IRS Employer<br><br>Identification No.)
10350 Richmond, Suite 550<br><br>Houston, Texas 77042<br><br>(713) 935-8900<br><br>(Address of Principal Executive Offices)
Registrant’s telephone number, including area code: (713) 895-8900

Check the appropriate box below if the Form 8K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Class A Common Stock, $0.01 par value RNGR New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangexActx☒

Item 7.01 Reg FD Disclosure

On October 17, 2022, Ranger Energy Services, Inc. (the “Company”) announced third quarter 2022 financial and operating results intends to be released on the morning of Friday, October 28, 2022, followed by the quarterly earnings conference call at 10 a.m., Eastern Standard time. Additionally, the Company provided updated revenue guidance for the full year of 2022 of $610 million to $620 million. A copy of the press release is being furnished pursuant to Regulation FD as Exhibit 99.1 to the Current Report on Form 8-K.

THE INFORMATION FURNISHED UNDER ITEM 7.01 OF THIS CURRENT REPORT SHALL NOT BE DEEMED “FILED” FOR THE PURPOSES OF SECTION 18 OF THE SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, NOR SHALL IT BE DEEMED INCORPORATED BY REFERENCE INTO ANY REGISTRATION STATEMENT OR OTHER FILING PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED, EXCEPT ASxOTHERWISExEXPRESSLYxSTATEDxINxSUCHxFILING.

Item 9.01    Financial Statements and Exhibits

Exhibits.

Exhibit No. Description
99.1 Press Release, dated October 17, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Ranger Energy Services, Inc.
/s/ Melissa Cougle October 17, 2022
Melissa Cougle Date
Chief Financial Officer
(Principal Financial Officer)

Document

EXHIBIT 99.1

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Ranger Energy Services, Inc. Announces Dates for Third Quarter 2022 Earnings Conference Call and November Investor Meetings

HOUSTON—(BUSINESS WIRE)—Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) intends to report third quarter 2022 financial and operating results and host an earnings conference call in the morning of Friday, October 28, 2022 at 10:00 a.m. Eastern time (9:00 a.m. Central time).

In consideration of recent performance, the Company now expects revenue to range between $330 and $340 million during the second half of 2022, with an associated Adjusted EBITDA margin average of approximately 15% over that period. Full year revenue is now anticipated to be between $610 and $620 million, which exceeds prior full year revenue guidance of $580 to $600 million. Full year Adjusted EBITDA margins are expected to be near the top end of prior margin guidance of 11% to 13%. This updated guidance reflects very strong performance during the third quarter and accounts for expected holiday and seasonality impacts during the fourth quarter. The Company's CEO, Stuart Bodden, commented, “We are pleased with another quarter of meaningful revenue growth and margin expansion, underpinned by strong performance from all three of our business segments. Ranger is well on its way to achieving its full potential and we are excited to share our story with investors.”

In connection with the reporting of the Company's quarterly results, Management also intends to conduct investor meetings in New York and Chicago during the week of November 13th and encourages any interested investors to reach out to Management for scheduling availability.

Interested parties are invited to participate on the call by dialing 1-669-444-9171 (Meeting ID 91460540653; Passcode 455820) or via the Company’s website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com.

EXHIBIT 99.1

About Ranger Energy Services, Inc.

Ranger is one of the largest providers of high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry. Our services facilitate operations throughout the lifecycle of a well, including the completion, production, maintenance, intervention, workover and abandonment phases.

For further information, please direct all inquiries to:

Ranger Energy Services, Inc.

Melissa Cougle, (713) 935-8900

Chief Financial Officer

InvestorRelations@RangerEnergy.com