Ranger Energy Services Q3 2026 net income more than doubles to $2.5 million; revenue rises 26% to $162.8 million
RNGR•RNGR•RNGR•RNGR•Ranger Energy Services reported third-quarter 2026 net income of $2.5 million, more than double a year earlier, and revenue of $162.8 million, up 26%. Operating cash flow more than doubled to $30.5 million, and revolving credit facility borrowings were fully repaid.
Ranger Energy Services’ third-quarter 2026 net income more than doubled year over year to $2.5 million, while revenue rose 26% to $162.8 million, primarily reflecting the AWS business contribution. Operating cash flow more than doubled to $30.5 million, and revolving credit facility borrowings were fully repaid. The company closed its acquisition of STEP Energy Services’ U.S. coil tubing assets on October 8, creating the second-largest provider in the lower 48 market, and four additional ECHO hybrid electric workover rig contracts brought its fleet in operation or construction to 24 rigs.
