Ranger Energy Reports $546.9M 2025 Revenue, Secures 15 ECHO Rig Contracts
Ranger Energy posted 2025 revenue of $546.9 million and net income of $12.3 million ($0.54 per diluted share), with Adjusted EBITDA of $73.2 million (13.4% margin) and Q4 revenue of $142.2 million. It generated $42.9 million free cash flow, returned over 40% to shareholders and secured contracts for 15 ECHO rigs.
1. Financial Results
Ranger Energy Services delivered full-year 2025 revenue of $546.9 million and net income of $12.3 million, or $0.54 per diluted share. Fourth-quarter revenue rose to $142.2 million, while full-year Adjusted EBITDA reached $73.2 million (13.4% margin) compared with $78.9 million (13.8%) in 2024.
2. Cash Flow and Capital Returns
The company produced $42.9 million of free cash flow ($1.89 per share) and returned over 40% of that to shareholders through dividends and nearly one million share repurchases at an average price of $12.26. Following AWS acquisition completion, debt repayment efforts resulted in a net cash position at year end.
3. Strategic Developments
Ranger completed the acquisition of American Well Services, contributing immediately to earnings, and launched its next-generation ECHO Hybrid Electric Rig program with a new contract for 15 rigs to be delivered by end-2027. Additionally, the company secured a major Plug and Abandonment contract, expanding its environmental service offerings.