Earnings per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Earnings per Share

Note 13 — Earnings per Share

Earnings per share is based on the amount of earnings allocated to the shareholders and the weighted average number of shares outstanding during the period for each class of Common Stock. The numerator and denominator used to compute earnings per share were as follows (in millions, except share and per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Income (numerator):
Basic:
Income attributable to Ranger Energy Services, Inc.	$	8.7	$	9.4	$	12.6	$	21.7
Net income attributable to Class A Common Stock	$	8.7	$	9.4	$	12.6	$	21.7
Diluted:
Income attributable to Ranger Energy Services, Inc.	$	8.7	$	9.4	$	12.6	$	21.7
Net income attributable to Class A Common Stock	$	8.7	$	9.4	$	12.6	$	21.7
Weighted average shares (denominator):
Weighted average number of shares - basic	22,241,847		24,500,607		22,608,796		24,758,890
Effect of share-based awards	252,606		386,668		122,463		390,525
Weighted average number of shares - diluted	22,494,453		24,887,275		22,731,259		25,149,415
Basic income per share	$	0.39	$	0.38	$	0.56	$	0.88
Diluted income per share	$	0.39	$	0.38	$	0.55	$	0.86