Ranger Energy Services ( (RNGR) ) has provided an announcement.
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Ranger Energy Services reported a robust third quarter in 2024 with a revenue of $153 million, marking an 11% increase from the previous quarter. Despite a slight year-over-year decline, net income surged by 85% from the prior quarter, highlighting the company’s strong operational execution. The company maintained its focus on strategic growth in high-spec rigs and ancillary services, while continuing its commitment to returning capital to shareholders through dividends and share buybacks, exceeding its free cash flow return target.
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