RNGR · 10-Q · 2026Q1

Ranger Energy Services, Inc.

Filed 2026-04-28 · Energy

Ranked Events

• Acquisitions and DispositionsImportance 96 · Surprise 100
  Following the November 2025 acquisition of AWS, Ranger entered 2026 with a larger, more Permian‑focused operating footprint and expects the acquisition to contribute to improved financial performance in 2026. The…
• Acquisition / Partnership / DivestitureImportance 96 · Surprise 100
  Following the acquisition of AWS in November 2025, Ranger entered 2026 with a larger presence in the Permian Basin and expects AWS to contribute to improved financial performance in 2026. The AWS acquisition…
• Revenue Performance and MixImportance 81 · Surprise 76
  Total revenue increased 18% year‑over‑year to $159.1 million, driven primarily by gains in High Specification Rigs and Processing Solutions and Ancillary Services tied to the November 2025 AWS acquisition. High…
• Product Launch and TransitionImportance 77 · Surprise 82
  Investing activity increased materially as construction in progress rose for the build‑out of ECHO hybrid rigs, driving higher cash used in investing activities in Q1 2026. The Company notes increased construction in…
• Capital Expenditure GuidanceImportance 77 · Surprise 82
  Net cash used in investing activities increased $11.2 million to $17.3 million in Q1 2026 from $6.1 million in Q1 2025, driven primarily by increased construction in progress for build out of ECHO hybrid rigs. The…
• Operating Capacity and UtilizationImportance 72 · Surprise 74
  Ranger uses rig hours and stage counts as key activity indicators: High Specification Rigs rig hours increased to 145,400 in Q1 2026 from 115,700 in Q1 2025, supporting the year‑over‑year revenue gain in that segment.…
• Operating Expense TrendsImportance 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…
• Operating Cash Flow TrendsImportance 71 · Surprise 82
  Net cash used in operating activities for Q1 2026 was $3.4 million compared to cash provided by operating activities of $10.6 million in Q1 2025, a decrease of $14.0 million. The decline was primarily driven by a $35.7…
• Geographic Revenue ShiftImportance 59 · Surprise 60
  The AWS acquisition in November 2025 increased Ranger's operating footprint and concentration in the Permian Basin, according to the Company, entering 2026 with a larger presence in that basin. Management expects AWS…
• Interest Rate and Refinancing ExposureImportance 49 · Surprise 6
  Ranger's primary debt instrument is a secured Wells Fargo Revolving Credit Facility entered May 31, 2023 with an aggregate principal commitment of $75.0 million; the borrowing base produced a loan capacity of $66.5…
• Outstanding IndebtednessImportance 49 · Surprise 6
  On May 31, 2023 Ranger entered into a Wells Fargo Credit Agreement providing a secured Revolving Credit Facility with an aggregate principal amount of $75.0 million, collateralized by substantially all assets and…
• Capital Return ProgramImportance 48 · Surprise 14
  Ranger's share repurchase program was initially authorized in March 2023 for up to $35.0 million and expanded on March 4, 2024 by $50.0 million to a total $85.0 million authorization. During Q1 2026 the Company…
• Gross Margin DriversImportance 48 · Surprise 40
  Cost of services (exclusive of depreciation and amortization) for Q1 2026 increased $15.2 million, or 13%, to $130.6 million from $115.4 million, while cost of services as a percent of revenue improved to 82% from 85%…
• Quarterly Results SnapshotImportance 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…
• Income Tax Rate ChangesImportance 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…
• Regulatory RiskImportance 26 · Surprise 24
  Ranger flags an ongoing regulatory focus in the U.S. on emissions and flaring and notes that the pace of natural gas infrastructure development and evolving customer demand for field‑level gas processing solutions…
• Liquidity and Cash PositionImportance 25 · Surprise 6
  As of March 31, 2026, total liquidity was $42.5 million, consisting of $6.9 million of cash on hand and $35.6 million of availability under the Wells Fargo Revolving Credit Facility. The Wells Fargo facility had a…
• Guidance / OutlookImportance 20 · Surprise 24
  Market conditions across the oilfield services sector were mixed in Q1 2026, with recent geopolitical events increasing commodity price volatility but operators expected to prioritize longer‑term capital discipline and…
• Competition and Market ShareImportance 13 · Surprise 6
  Management highlights that operator capital discipline and basin economics, rather than short‑term price spikes, will primarily determine activity; the Company is cautiously optimistic on customer spending but…
• Market Demand TrendsImportance 10 · Surprise 6
  Market conditions in the oilfield services sector were mixed in Q1 2026 with near‑term commodity volatility driven by geopolitical events; the Company cites the EIA forecast that Brent will remain above $95/bbl near…

Revenue by Product (in millions)