Quarterly ResultApr 27, 2026, 04:23 PM
RNGR Q1 Revenue $159.1M, EPS $0.12; Declares $0.06 Dividend
AI Summary
Ranger Energy Services, Inc. reported strong first-quarter 2026 financial results, with revenue increasing to $159.1 million and net income reaching $3.0 million, or $0.12 per diluted share. The company also announced a quarterly cash dividend of $0.06 per share. Operational highlights include significant progress in the AWS integration and the commencement of construction for fifteen ECHO Hybrid Electric Rigs, contributing to improved margins and activity levels.
Key Highlights
- Q1 2026 Revenue: $159.1 million, up from $135.2 million in Q1 2025.
- Q1 2026 Net Income: $3.0 million, or $0.12 per diluted share.
- Q1 2026 Adjusted EBITDA: $23.3 million, with a 14.6% margin.
- Board declared a quarterly cash dividend of $0.06 per share.
- Repurchased 38,700 shares for $0.5 million in Q1 2026.
- High Specification Rigs segment revenue: $106.2 million in Q1 2026, up 21.4% YoY.
- Processing Solutions and Ancillary Services segment revenue: $42.3 million in Q1 2026, up 38.7% YoY.
- Advanced AWS integration and began construction of fifteen ECHO Hybrid Electric Rigs.