Ranger Energy Services/$RNGR

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About Ranger Energy Services

Ranger Energy Services Inc offers high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry. Its services facilitate operations throughout the lifecycle of a well, including the completion, production, maintenance, intervention, workover, and abandonment phases. The company's reportable segments are: High Specification Rigs, Wireline Services, Processing Solutions and Ancillary Services. Maximum revenue is generated from the High Specification Rigs segment, which offers high specification well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well. The high specification rig services consist of well completion support, workovers, and well maintenance services.
Ticker
$RNGR
Sector
Energy
Primary listing
NYSE
Employees
2,300
Headquarters
Houston, United States
Website
www.rangerenergy.com

RNGR Metrics

BasicAdvanced
$381M
26.83
$0.61
0.13
$0.24
1.48%

Bulls say / Bears say

Ranger delivered strong second-quarter momentum, with revenue up 26% year on year and adjusted EBITDA rising to $28.6 million, or a 16.2% margin. The AWS integration and improving activity across the wider portfolio suggest the earnings base is broadening. (Financial Times, Last10K)
The ECHO hybrid-rig programme is gaining customer validation: Chevron agreed to three additional rigs, taking Ranger’s expected active ECHO fleet to 20 by the end of 2027. A larger contracted fleet could support premium pricing, repeat work and better margins than conventional equipment. (Morningstar)
The STEP transaction expands Ranger’s coiled-tubing platform with 13 spreads, around 220 employees and facilities across its existing US footprint. It adds scale in the Permian and Bakken and gives Ranger another route to cross-sell well services beyond its core rig business. (Ranger Energy Services, Seeking Alpha)
Wireline’s strong second quarter was not fully repeatable: management said some supporting contracts had finished and expects lower activity and more modest margins in the second half of 2026. That creates a clear near-term earnings drag. (Financial Times, StockTitan)
Customer activity is improving mainly through higher utilisation of existing rigs, not major new capacity commitments. Ranger also expects fourth-quarter softness from holidays and weather, so the recovery may be narrower and more seasonal than the headline growth suggests. (StockTitan, Transcript Daily)
Cash conversion remains a risk: first-half free cash flow was negative as receivables and contract assets rose because of customer payment delays and billing lags, while ECHO construction and the STEP deal require further funding. The acquisition is expected to lift post-close revolver borrowings to about $30 million. (Last10K, Ranger Energy Services)
Data summarised monthly by Lightyear AI. Last updated on 20 Sept 2026.

RNGR News

AllArticlesVideos

Ranger Energy Services to Acquire STEP Energy Services' U.S. Coiled Tubing Assets

Business Wire3 weeks ago

Ranger Energy Services Q2 Earnings Call Highlights

MarketBeat2 months ago

Ranger Energy Services, Inc. Reports Second Quarter 2026 Financial Results

Business Wire2 months ago

Funds containing RNGR

Funds
Fund name
Fund size
$RNGR weighting
SPDR Russell 2000 US Small Cap€R2US
€4.8B0.01%
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