Ranger Energy Services(NYSE) RNGR

Ranger Energy Services, Inc. helps oil companies maintain their wells. It provides large machines and skilled crews for energy production. These services keep oil and gas flowing across the United States.

Essential Tools for Onshore Production

• High Specification Rigs: Fleet of 540 advanced rigs used for complex well maintenance; earned $113.4 million for the three months ended June 30, 2026.
• Wireline Services: Maintenance solutions using specialized cables to lower tools into wells; generated $18.6 million for the three months ended June 30, 2026.
• Processing Solutions and Ancillary Services: Natural gas processing and equipment rentals; provided $44.5 million for the three months ended June 30, 2026.

Strategic Growth and Integration

• Acquired AWS in November 2025 to expand operations in the Permian Basin.
• Focused on realizing benefits from the AWS integration throughout the first half of 2026.
• Invested in construction of ECHO hybrid rigs to modernize the fleet.
• Repurchased 321,600 shares of common stock for $5.0 million during the first half of 2026.

The Advantage of Local Focus

Ranger focuses on major United States oil basins, primarily the Permian Basin. The company uses specialized rigs and modular equipment to support the entire lifecycle of energy wells.

Recent Performance by the Numbers

• Total revenue rose 26% year over year to $176.5 million for the three months ended June 30, 2026.
• Operating income grew 76% year over year to $16.9 million for the six months ended June 30, 2026.
• Net income increased 25% year over year to $9.9 million for the six months ended June 30, 2026.
• Total liquidity was $61.3 million as of June 30, 2026.

Evolution Through Strategic Expansion

Ranger has evolved by expanding its footprint in key oil-producing regions like the Permian Basin. Its focus on production-oriented services and disciplined capital returns supports its long-term operational strategy.