RNGR · 10-Q · 2026Q1 · Full report
Operating Expense Trends
Ranger Energy Services, Inc. · 2026-04-28 · Importance 71 · Surprise 82
General and administrative expenses for Q1 2026 increased $0.7 million, or 10%, to $7.8 million from $7.1 million in Q1 2025, driven by increased employee labor and accounting and professional fees. Depreciation and amortization increased $5.6 million, or 53%, to $16.2 million, primarily due to depreciation associated with assets acquired in the AWS acquisition. Impairment of assets reversed to $0.0 million in Q1 2026 from $0.4 million in Q1 2025, and gain (loss) on sale of assets improved to a $0.6 million gain from a $0.7 million loss. These operating expense changes contributed to total operating expenses of $154.0 million in Q1 2026 versus $134.2 million in Q1 2025.
Key facts
- Depreciation and amortization increased $5.6 million, or 53%, to $16.2 million for the three months ended March 31, 2026 from $10.6 million for the three months ended March 31, 2025, primarily due to inclusion of depreciation associated with assets acquired in the AWS acquisition.
- Wireline Services cost of services decreased by $9.6 million for the three months ended March 31, 2026 primarily due to a $4.2 million decrease in completion services costs and decreases of $3.6 million and $1.8 million in production and pump down services costs, respectively.
- Processing Solutions and Ancillary Services cost of services increased by $9.5 million for the three months ended March 31, 2026, including $3.2 million of increased employee labor and $1.6 million of increased repair and maintenance costs.
- General and administrative expenses increased $0.7 million, or 10%, to $7.8 million for the three months ended March 31, 2026 from $7.1 million for the three months ended March 31, 2025, primarily due to increased employee labor and accounting and professional fees.
- Other Adjusted EBITDA was a loss of $6.0 million for the three months ended March 31, 2026 compared to a loss of $5.2 million for the three months ended March 31, 2025, an increase in loss of $0.8 million.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +6.0% | Wireline Services cost of services decreased by $9.6 million for the three months ended March 31, 2026 primarily due to a $4.2 million… |
| operating_income | negative | realized | -6.0% | Processing Solutions and Ancillary Services cost of services increased by $9.5 million for the three months ended March 31, 2026,… |
| operating_income | negative | realized | -3.5% | Depreciation and amortization increased $5.6 million, or 53%, to $16.2 million for the three months ended March 31, 2026 from $10.6… |
| operating_income | negative | realized | -0.5% | Other Adjusted EBITDA was a loss of $6.0 million for the three months ended March 31, 2026 compared to a loss of $5.2 million for the… |
| operating_income | negative | realized | -0.4% | General and administrative expenses increased $0.7 million, or 10%, to $7.8 million for the three months ended March 31, 2026 from $7.1… |