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.