Ranger Energy Q2 revenue, core profit beat estimates, helped by AWS acquisition
RNGR•Outlook and share repurchases
Ranger expects Wireline segment activity and profitability to decline in the second half of 2026.
The company said incremental ECHO rig deployments are likely in future quarters as market adoption develops, and that customer activity is increasing, but most growth is improving utilization rather than new rig commitments.
Ranger repurchased 282,900 shares in the second quarter for $4.5 million.
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the oil related services and equipment peer group is "buy".
Wall Street's median 12-month price target for Ranger Energy Services Inc is $20.00, about 27.3% above its July 24 closing price of $15.71.
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago.
Quarterly results beat estimates
Ranger Energy Services said second-quarter revenue rose and beat analyst expectations, while adjusted EBITDA also increased and beat estimates.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $176.50 mln | $165.37 mln (3 Analysts) |
| Q2 EPS | $0.29 | ||
| Q2 Net Income | $6.90 mln | ||
| Q2 Adjusted EBITDA |
