Ranger Energy Se Stock Price, News & Analysis
Company Description
Ranger Energy Services, Inc. (NYSE: RNGR) is an oilfield services company focused on support activities for oil and gas operations in the United States. According to the company’s public disclosures, Ranger is one of the largest providers of high specification mobile rig well services, cased hole wireline services, and processing and ancillary services to the U.S. onshore oil and gas industry. Its services support operators throughout the lifecycle of a well, including completion, production, maintenance, intervention, workover and abandonment phases.
Core business and service lines
Ranger reports its operations through three main segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The company states that key revenue is derived from its High Specification Rigs segment, which provides high-specification workover and well service rigs that are fundamental to establishing and enhancing the flow of oil and natural gas over the productive life of a well.
The Wireline Services segment focuses on cased hole wireline services, including completions work measured in stage counts, while Processing Solutions and Ancillary Services includes multiple service lines such as coil tubing, plugging and abandonment (P&A), rentals, and Torrent services, as described in the company’s earnings releases. These offerings allow Ranger to participate in both completion-focused and production-focused activity across U.S. land basins.
Lifecycle support for U.S. onshore wells
Company disclosures emphasize that Ranger’s services are used across the full lifecycle of a well. During the completion phase, high-spec rigs, wireline and coil tubing services support bringing new wells online. In the production and maintenance phases, workover rigs, rentals and other ancillary services help maintain and optimize output. In later-life intervention, workover and abandonment stages, Ranger’s rigs and P&A capabilities assist operators with remediation and decommissioning activities.
Management commentary in earnings releases describes Ranger as a production-focused oilfield services company, with a flagship High Specification Rigs business and a customer base that includes large U.S. onshore producers. The company notes that this production orientation can help it navigate fluctuations in completion activity and broader macroeconomic headwinds.
Geographic and exchange footprint
Ranger’s news releases describe it as serving the U.S. onshore oil and gas industry, with a strong presence in the Permian Basin and activity in other U.S. land regions. The company is headquartered in Houston, Texas, as reflected in its SEC filings, and its common stock trades on the New York Stock Exchange under the ticker symbol RNGR. In addition, Ranger has announced a dual listing of its common stock on NYSE Texas, while maintaining its primary listing on the New York Stock Exchange.
Strategic focus and acquisitions
Ranger’s public communications outline a strategy centered on scale in well services, technology-enabled offerings, and disciplined capital allocation. The company highlights its role as one of the largest providers of high-specification well service rigs and workover rigs in the Lower 48 states. In a transaction disclosed in both press releases and Form 8-K filings, Ranger completed the acquisition of American Well Services (AWS), a Permian Basin-focused well services provider operating a fleet of high-specification rigs and complementary equipment. The company states that this acquisition increased its rig count, expanded its presence in the Permian, and added new service lines with pull-through opportunities to its high-spec rig business.
Ranger also reports an ongoing share repurchase program and a recurring cash dividend, as described in its earnings releases and 8-K filings. The company has emphasized using free cash flow for both growth investments and returns of capital to shareholders, including dividends and buybacks.
Technology and electrified rig initiatives
In its news releases, Ranger describes the development of the Ranger ECHO rig, characterized as a hybrid electric workover rig based on an existing Taylor rig design that is unique to the company. The ECHO rig program involves converting conventional high-spec rigs using industrial electrification technologies adapted from outside the energy sector. The company states that these rigs are engineered to operate with zero emissions when connected to well site power, use electric drive trains with regenerative braking, and feature modular architecture for servicing key components.
Ranger further notes that the ECHO rigs incorporate real-time system diagnostics, remote safety interlocks, and integrated artificial intelligence support from its Overwatch diagnostics platform. The company positions ECHO as a differentiated solution aimed at improving operating efficiency, enhancing safety and reducing emissions in workover operations, and reports that initial ECHO rigs have been contracted with major U.S. operators.
Financial reporting and segments
Ranger regularly reports segment-level revenue, rig hours, stage counts and margins in its quarterly earnings releases and corresponding Form 8-K filings. For the High Specification Rigs segment, the company discloses rig hours and hourly rig rates, linking changes in activity to regional conditions and completion-related work. For Wireline Services, Ranger reports completed stage counts and discusses the impact of activity levels and non-cash items such as inventory adjustments. In Processing Solutions and Ancillary Services, the company attributes revenue changes to activity in coil tubing, P&A and other service lines.
The company also provides non-GAAP metrics such as Adjusted EBITDA and Free Cash Flow, with definitions and reconciliations included in its earnings materials. These measures are described as tools for evaluating operating performance and cash generation, though they are not presented in accordance with U.S. GAAP.
Capital structure, liquidity and governance
Ranger’s filings and press releases discuss liquidity, revolving credit facility capacity, cash balances and capital expenditures. The company has reported periods with no borrowings under its loan facility and highlights its ability to fund investments such as ECHO rigs and acquisitions like AWS through a combination of cash on hand and revolver borrowings.
In governance-related 8-K filings, Ranger has disclosed board changes and the adoption of an executive severance plan covering its executive officers. The plan outlines severance benefits under various termination scenarios, including change-in-control situations, and incorporates restrictive covenants such as non-solicitation and non-compete provisions.
RNGR stock and investor information
Ranger Energy Services’ common stock trades under the symbol RNGR on the New York Stock Exchange, with a dual listing on NYSE Texas. The company issues regular earnings releases, hosts quarterly conference calls, and files reports and current reports with the U.S. Securities and Exchange Commission, including Forms 10-K, 10-Q and 8-K. These disclosures provide investors with information on segment performance, capital allocation, acquisitions, liquidity and risk factors related to the oilfield services sector and U.S. onshore oil and gas activity.
Frequently asked questions about Ranger Energy Services (RNGR)
- What does Ranger Energy Services, Inc. do?
Ranger Energy Services, Inc. provides high specification mobile rig well services, cased hole wireline services, and processing and ancillary services to the U.S. onshore oil and gas industry. Its offerings support well completion, production, maintenance, intervention, workover and abandonment activities. - How does Ranger generate most of its revenue?
According to company and third-party descriptions, Ranger’s key revenue is derived from its High Specification Rigs segment, which supplies high-specification workover and well service rigs that are fundamental to establishing and enhancing the flow of oil and natural gas over the life of a well. - In which industry and sector does RNGR operate?
Ranger operates in the Support Activities for Oil and Gas Operations industry within the broader Mining, Quarrying, and Oil and Gas Extraction sector. - Where does Ranger Energy Services operate?
The company describes itself as serving the U.S. onshore oil and gas industry, with a strong presence in the Permian Basin and activity across U.S. land basins. SEC filings list its headquarters in Houston, Texas. - What are Ranger’s main business segments?
Ranger reports three primary segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. Each segment covers specific service lines such as high-spec rigs, cased hole wireline, coil tubing, rentals, P&A and related offerings. - What is the Ranger ECHO rig?
The ECHO rig is described by the company as a hybrid electric workover rig created by converting an existing Taylor high-spec rig design. It uses electrification technologies, can operate with zero emissions when connected to well site power, and incorporates features such as regenerative braking, modular components, real-time diagnostics and AI-supported monitoring through Ranger Overwatch. - How has Ranger expanded through acquisitions?
Ranger has disclosed the acquisition of American Well Services, a Permian Basin-focused well services provider with a fleet of high-specification rigs and complementary equipment. The company states that this transaction increases its rig count, expands its Permian presence, and adds service lines that provide pull-through opportunities to its existing high-spec rig business. - Does Ranger Energy Services pay dividends or repurchase shares?
In multiple earnings releases and Form 8-K filings, Ranger reports a recurring quarterly cash dividend and an ongoing share repurchase program. The company notes that it has returned capital to shareholders through dividends and buybacks, funded by free cash flow and supported by its balance sheet. - On which exchanges does RNGR trade?
Ranger’s common stock trades on the New York Stock Exchange under the symbol RNGR. The company has also announced a dual listing on NYSE Texas, while maintaining the NYSE as its primary listing venue. - Where can investors find official information about Ranger?
Investors can review Ranger’s SEC filings, including Forms 10-K, 10-Q and 8-K, which provide detailed information on financial performance, segment results, acquisitions, risk factors and governance matters related to the company.