RNGR · 10-Q · 2026Q1 · Full report
Income Tax Rate Changes
Ranger Energy Services, Inc. · 2026-04-28 · Importance 41 · Surprise 64
Income tax expense for Q1 2026 increased $1.1 million, or 1100%, to $1.0 million compared to an income tax benefit of $0.1 million in Q1 2025. The change in tax expense resulted from higher profit before tax in Q1 2026 relative to the prior period. The tax expense increase contributed to net income of $3.0 million for Q1 2026 versus $0.6 million in Q1 2025. Management did not report a change in enacted statutory tax rate, attributing the change to higher pre-tax income.
Key facts
- Income tax expense increased $1.1 million to $1.0 million for the three months ended March 31, 2026 compared to an income tax benefit of $0.1 million for the three months ended March 31, 2025, due to an increase in profit before tax.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -0.7% | Income tax expense increased $1.1 million to $1.0 million for the three months ended March 31, 2026 compared to an income tax benefit of… |