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Ranger Energy Services, Inc. Announces Q4 2018 Results

Ranger Energy Services, Inc. (NYSE: RNGR) ("Rangera?? or the "Companya??)
announced today its results for its fiscal quarter ended DecemberA 31,
2018.





Continuation of year-to-date momentum and strengthening financial
performance, in spite of fourth quarter seasonal activity impact and
commodity price reductions






Top line growth in 2 of 3 segments driven by rate increases and asset
additions






Diversified portfolio pays dividends with production-focused
Processing Solutions offsetting year-end Well Servicing activity
declines






The bifurcation of our historical Well Services segment into High
Specification Rigs and Completion and Other Services segments





Consolidated Q4 2018 Financial Highlights


Revenues saw a sequential increase of 4% to $85.3 million, from $82.1
million in Q3.


Net income decreased $2.3 million to $1.7 million from $4.0 million in
Q3. The decrease in net income position was driven by increased
depreciation expense.
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