Ranger Energy Services, Inc.
Business
Ranger Energy Services, Inc. is a provider of onshore well service rigs, wireline services, and processing solutions in the United States oil and gas sector. The company offers well completion support, workovers, maintenance services, wireline completion and production services, and ancillary services including equipment rentals, coil tubing, plug and abandonment, and modular gas processing equipment. Operations are organized into three reportable segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services, serving E&P operators across major U.S. basins including the Permian, Eagle Ford, Bakken, and Haynesville.
Summary from 10-K filed 2026-03-05
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 547 | 571 | 637 | 609 | 293 | |
| Total cost of services (exclusive of depreciation and amortization) | 457 | 473 | 532 | 504 | 263 | |
| General and administrative | 30 | 28 | 30 | 40 | 35 | |
| Depreciation and amortization | 46 | 44 | 40 | 44 | 37 | |
| Impairment of assets | 400,000 | 0 | 400,000 | 1 | 0 | |
| Gain on sale of assets | −1 | −2 | −2 | −700,000 | −1 | |
| Total operating expenses | 532 | 543 | 600 | 589 | 334 | |
| Operating income | 15 | 29 | 37 | 20 | −41 | |
| Interest expense, net | 1 | 3 | 4 | — | — | |
| Other income, net | −4 | 0 | — | — | — | |
| Total other expenses | −2 | 3 | 6 | 4 | −32 | |
| Income before income tax expense | 18 | 26 | 31 | 16 | −8 | |
| Income tax expense | 6 | 8 | 7 | 900,000 | −6 | |
| Net income | 12 | 18 | 24 | 15 | 9 | |
| Basic (in dollars per share) | 0.55 | 0.82 | 0.97 | 0.66 | 0.73 | |
| Diluted (in dollars per share) | 0.54 | 0.81 | 0.95 | 0.65 | 0.63 | |
| Basic (in shares) | 22 | 23 | 25 | 23 | 12 | |
| Diluted (in shares) | 23 | 23 | 25 | 23 | 14 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 10 | 41 | 16 | 4 | 600,000 | |
| Accounts receivable, net | 78 | 68 | 85 | 91 | 81 | |
| Contract assets | 17 | 17 | 18 | 27 | 13 | |
| Inventory | 3 | 6 | 6 | 6 | 3 | |
| Prepaid expenses and other current assets | 13 | 11 | — | — | — | |
| Assets held for sale | 300,000 | 800,000 | 600,000 | 3 | 0 | |
| Total current assets | 121 | 144 | 135 | 140 | 105 | |
| Property and equipment, net | 281 | 224 | — | — | — | |
| Intangible assets, net | 5 | 6 | 6 | 7 | 8 | |
| Operating leases, right-of-use assets | 11 | 7 | 9 | 11 | 7 | |
| Other assets | 1 | 800,000 | 1 | 2 | 3 | |
| Total assets | 419 | 382 | 378 | 382 | 393 | |
| Accounts payable | 25 | 27 | 31 | 24 | 21 | |
| Accrued expenses | 25 | 28 | 30 | 36 | 30 | |
| Other financing liability, current portion | 700,000 | 700,000 | 600,000 | 700,000 | 2 | |
| Borrowings under Revolving Credit Facility | 4 | 0 | 100,000 | 7 | 44 | |
| Short-term lease liability | 11 | 9 | 7 | 7 | — | |
| Other current liabilities | 3 | 400,000 | 100,000 | 0 | 5 | |
| Total current liabilities | 69 | 65 | 69 | 75 | 103 | |
| Long-term lease liability | 17 | 14 | 15 | 13 | — | |
| Other financing liability | 10 | 10 | 11 | 12 | 13 | |
| Deferred tax liability | 24 | 18 | 11 | 5 | — | |
| Other long-term liabilities | 100,000 | 0 | — | 8 | 5 | |
| Total liabilities | 119 | 108 | 106 | 115 | 144 | |
| Commitments and contingencies (Note 15) | — | — | — | — | — | |
| Preferred stock, $0.01 per share; 50,000,000 shares authorized; 0 Series A shares issued and outstanding as of December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | 100,000 | |
| Less: Class A Common Stock held in treasury at cost; 4,872,028 treasury shares as of December 31, 2025 and 3,877,628 treasury shares as of December 31, 2024 | −51 | −39 | −23 | −4 | −4 | |
| Retained earnings | 49 | 42 | 28 | 7 | −8 | |
| Additional paid-in capital | 302 | 270 | 266 | 263 | 260 | |
| Total stockholders' equity | 300 | 274 | 272 | 266 | 249 | |
| Total liabilities and stockholders' equity | 419 | 382 | 378 | 382 | 393 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Equity based compensation | 7 | 6 | 5 | 4 | 3 | |
| Deferred income tax expense | 5 | 7 | 7 | 400,000 | −6 | |
| Other expenses | 3 | 1 | 2 | 1 | 2 | |
| Accounts receivable, net | 16 | 17 | 5 | −11 | −49 | |
| Contract assets | −400,000 | 1 | 9 | −14 | −12 | |
| Inventory | 200,000 | 400,000 | −900,000 | −3 | 3 | |
| Prepaid expenses and other current assets | −1 | −2 | −400,000 | −800,000 | — | |
| Other assets | 2 | 2 | 2 | −2 | −2 | |
| Accounts payable | −10 | −4 | 7 | 3 | 4 | |
| Accrued expenses | −7 | −2 | −7 | 6 | 20 | |
| Other current liabilities | −3 | −3 | 300,000 | 1 | −100,000 | |
| Other long-term liabilities | −200,000 | 500,000 | −3 | 4 | 700,000 | |
| Net cash provided by operating activities | 69 | 85 | 91 | 45 | −39 | |
| Purchase of property and equipment | −26 | −34 | −37 | −14 | −6 | |
| Proceeds from disposal of property and equipment | 3 | 3 | 7 | 24 | 9 | |
| Purchase of business, net of cash received | −53 | 0 | — | 800,000 | −40 | |
| Net cash used in investing activities | −76 | −31 | −30 | 11 | −36 | |
| Borrowings under Revolving Credit Facility | 43 | 27 | — | — | — | |
| Principal payments on Revolving Credit Facility | −40 | −27 | — | — | — | |
| Principal payments on financing lease obligations | −7 | −6 | −5 | −5 | −5 | |
| Principal payments on other financing liabilities | −700,000 | −600,000 | −800,000 | −2 | 0 | |
| Dividends paid to Class A Common Stock stockholders | −6 | −5 | −2 | 0 | — | |
| Shares withheld for equity compensation | −2 | −2 | −1 | −1 | −1 | |
| Payments on Other Installment Purchases | 0 | −100,000 | −400,000 | — | — | |
| Repurchase of Class A Common Stock | −12 | −16 | −19 | 0 | 0 | |
| Net cash used in financing activities | −24 | −28 | −49 | −53 | 74 | |
| Increase (decrease) in cash and cash equivalents | −31 | 25 | 12 | 3 | −2 | |
| Interest paid | 2 | 2 | 1 | 1 | 2 | |
| Capital expenditures included in accounts payable and accrued liabilities | −100,000 | 400,000 | −500,000 | 200,000 | −2 | |
| Additions to fixed assets through installment purchases and financing leases | −9 | −9 | −10 | −6 | −2 | |
| Additions to fixed assets through asset trades | −2 | −5 | −1 | 0 | — | |
| Shares issued for the purchase of a business | −28 | 0 | — | 0 | −16 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Ranger Energy Services, Inc.'s CIK number?
Ranger Energy Services, Inc.'s SEC CIK number is 0001699039 (1699039). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Ranger Energy Services, Inc.'s SEC filings?
All of Ranger Energy Services, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Ranger Energy Services, Inc. last report earnings?
Ranger Energy Services, Inc. (RNGR) most recently filed an earnings 8-K with the SEC on Apr 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-027500). This is Ranger Energy Services, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Ranger Energy Services, Inc.'s most recent earnings 8-K?
Ranger Energy Services, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 27, 2026 under accession 0001628280-26-027500. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Ranger Energy Services, Inc.'s latest earnings 8-K →
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