RNGR · 10-Q · 2026Q1 · Full report
Quarterly Results Snapshot
Ranger Energy Services, Inc. · 2026-04-28 · Importance 46 · Surprise 56
Operating income for Q1 2026 was $5.1 million compared to $1.0 million in Q1 2025, an increase of $4.1 million driven largely by higher revenue and improved segment profitability. Net income for Q1 2026 was $3.0 million, up $2.4 million from $0.6 million in Q1 2025, attributable in part to the AWS acquisition. Adjusted EBITDA increased $7.8 million to $23.3 million in Q1 2026 from $15.5 million in Q1 2025, with High Specification Rigs Adjusted EBITDA rising to $21.4 million and Processing Solutions Adjusted EBITDA increasing to $8.0 million. Interest expense, net was $0.8 million in Q1 2026 and other expenses were immaterial, supporting income before tax of $4.0 million for the quarter.
Key facts
- Net income for the three months ended March 31, 2026 was $3.0 million compared to $0.6 million for the three months ended March 31, 2025, an increase of $2.4 million.
- The Company was formed of three reporting segments for U.S. operations: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services, with 'Other' representing corporate costs.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +1.5% | Net income for the three months ended March 31, 2026 was $3.0 million compared to $0.6 million for the three months ended March 31, 2025,… |