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RNGR

Ranger Energy Services, Inc.

RNGR

Ranger Energy Services, Inc. • NYSE
$13.51 ▲ 0.90% (+0.12)
Market Cap $292.04 M
52w High $18.45
52w Low $10.56
Dividend Yield 0.18%
P/E 20.47
Volume 34.10K
Outstanding Shares 21.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $128.9M ▼ $6.2M ▲ $1.2M ▼ 0.931% ▼ $0.06 ▼ $13.9M ▼
Q2-2025 $140.6M ▲ $6.1M ▼ $7.3M ▲ 5.192% ▲ $0.33 ▲ $21.1M ▲
Q1-2025 $135.2M ▼ $7.1M ▲ $600K ▼ 0.444% ▼ $0.03 ▼ $11.6M ▼
Q4-2024 $143.1M ▼ $6.2M ▼ $5.8M ▼ 4.053% ▼ $0.26 ▼ $19.7M ▼
Q3-2024 $153M $18.1M $8.7M 5.686% $0.39 $24M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $45.2M ▼ $372.8M ▼ $102.8M ▼ $270M ▼
Q2-2025 $48.9M ▲ $381.7M ▲ $104.8M ▲ $276.9M ▲
Q1-2025 $40.3M ▼ $376.5M ▼ $103.9M ▼ $272.6M ▼
Q4-2024 $40.9M ▲ $381.6M ▲ $107.8M ▲ $273.8M ▲
Q3-2024 $14.8M $373.9M $106.3M $267.6M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.2M ▼ $13.6M ▼ $-5.9M ▼ $-11.4M ▼ $-3.7M ▼ $8M ▼
Q2-2025 $7.3M ▲ $20.7M ▲ $-5.5M ▲ $-6.6M ▼ $8.6M ▲ $14.4M ▲
Q1-2025 $600K ▼ $10.6M ▼ $-6.1M ▼ $-5.1M ▼ $-600K ▼ $3.4M ▼
Q4-2024 $5.8M ▼ $32.7M ▲ $-3.9M ▲ $-2.7M ▲ $26.1M ▲ $27.3M ▲
Q3-2024 $8.7M $17.7M $-6.9M $-4.7M $6.1M $10.8M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Wireline Services
Wireline Services
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
High Specification Rigs
High Specification Rigs
 $90.00M ▲$0 ▼$0 ▲$0 ▲
Processing Solutions And Ancillary Services
Processing Solutions And Ancillary Services
 $30.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Ranger’s income statement shows a solid turnaround story that has largely stabilized. After losses in 2020, the business moved back to roughly break-even in 2021 and has been consistently profitable for the last few years. Revenue rebounded strongly after the pandemic slump and then leveled off, with a slight step down most recently. Profit margins are positive but not huge, which is typical for oilfield services. Earnings per share have improved dramatically versus the pandemic period, though they dipped a bit from their recent peak, suggesting some softening in activity or pricing but not a breakdown in the underlying business model.

Balance Sheet

Balance Sheet The balance sheet looks conservative and relatively clean for a cyclical services company. Total assets increased meaningfully coming out of 2020 and have been steady since, suggesting a stable operating footprint. Debt is low and has come down from earlier levels, while equity has built up over time, pointing to a company that has repaired and strengthened its financial base. Cash on hand has increased from almost nothing to a modest cushion, which, combined with low leverage, provides flexibility to handle downturns and fund growth projects without stretching the balance sheet.

Cash Flow

Cash Flow Cash generation has improved in a clear, stepwise fashion. Operating cash flow was weak and even negative in 2021, but has turned consistently positive in recent years, roughly matching the company’s earnings profile. After funding necessary capital spending, Ranger has been left with positive free cash flow for several years in a row. Capital investment has risen but remains very manageable relative to the cash the business produces, indicating that growth and upgrade projects are being funded from internally generated cash rather than heavy borrowing. This supports the picture of a business that is now self-sustaining through the cycle, rather than dependent on outside capital.

Competitive Edge

Competitive Edge Ranger occupies a focused, somewhat differentiated niche within oilfield services. Its emphasis on well servicing and production-related work, rather than just new drilling and completions, gives it a more resilient revenue base in downturns. The company has built scale through acquisitions and is now a leading provider of well-servicing rigs in the U.S. onshore market, which helps with efficiency, purchasing power, and customer reach. Its comprehensive offering—rigs, wireline, and processing solutions—allows it to act as a one-stop partner for many clients. The core risk is that it still operates in a highly cyclical, competitive industry where customer budgets and activity levels can swing quickly with commodity prices, but its production-focused mix and strong balance sheet give it some relative advantages.

Innovation and R&D

Innovation and R&D Ranger appears more innovative than a typical small oilfield services provider, leaning heavily into digital tools and electrification. Its Ranger Live platform, including eRIGS and TOPS, aims to make jobsites more data-driven, efficient, and safe, which can differentiate its service quality and deepen customer relationships. The ECHO hybrid electric workover rigs are a notable step toward lower fuel use and emissions and could appeal to operators with strong environmental goals, while also potentially improving operating costs. Rather than classic lab-style R&D, Ranger’s innovation is very applied and field-focused—upgrading rigs, integrating software, and packaging services (such as Ranger Elite) into premium offerings. Management’s interest in areas like direct air capture is early-stage but signals a willingness to align the business with longer-term energy transition themes.

Summary

Overall, Ranger Energy Services looks like a company that has successfully repaired its finances after the pandemic shock and now operates on a stronger footing. The business is consistently profitable, generates cash, and carries modest debt, which is notable in a volatile sector. Growth has cooled somewhat after the initial post-pandemic rebound, but the company remains firmly in the black. Its strategy—focusing on production-phase services, building scale via acquisitions, and layering in technology and lower-emission solutions—gives it a clearer identity than many smaller oilfield service peers. Key things to watch going forward are how well it can maintain margins in a competitive, cyclical market, the adoption and economics of its electric rigs, and whether further acquisitions or new ventures (such as potential carbon-related services) enhance or dilute its current strengths.

NEWS

November 12, 2025 · 7:30 AM UTC

Ranger Energy Services, Inc. to Present and Host 1x1 Meetings at 17th Annual Southwest IDEAS Investor Conference on November 19th & 20th in Dallas, TX

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November 10, 2025 · 6:49 AM UTC

Ranger Energy Services, Inc. Announces Q3 2025 Results & Acquisition of American Well Services

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November 10, 2025 · 6:48 AM UTC

Ranger Energy Services Announces Agreement to Acquire American Well Services

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October 28, 2025 · 4:30 PM UTC

Ranger Energy Services, Inc. Announces Date for Third Quarter 2025 Earnings Conference Call

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