Ranger Energy Services Reports Q3 GAAP EPS of $0.29 Amid Revenue Miss
Ranger Energy Services (RNGR) reported third-quarter financial results featuring a GAAP earnings per share (EPS) of $0.29, which aligned with market expectations. However, the company's revenue reached $162.8 million, representing a 26.3% increase year-over-year but falling short of estimates by approximately $15.1 million. Despite the top-line miss, the company maintains strong EBITDA performance. Recent strategic activity includes the acquisition of STEP Energy Services' U.S. coiled tubing assets in a deal valued at $27.5 million, aimed at expanding its operational footprint.
Topics: acquisition earnings report financial performance revenue miss
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