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Ranger Energy Services, Inc. — Third Quarter 2026 Earnings Summary

Ranger Energy Services reported third-quarter 2026 revenue of $162.8 million and net income of $2.5 million, or $0.10 per diluted share. The company generated $20.1 million in Adjusted EBITDA and $20.0 million in free cash flow, which was used to pay off all outstanding borrowings and fund share repurchases totaling $2.2 million. Strategic progress included the acquisition of STEP Energy Services' US coil tubing assets and securing contracts for four additional ECHO hybrid electric workover rigs, bringing the total fleet to 24. Despite facing softer activity and increased inflationary costs, the company exited the quarter with zero net debt and a total liquidity position of $76.2 million.

Company
RANGER ENERGY SERVICES INC
Sector
Energy
Industry
Oil & Gas Equipment & Services