Every 8-K that Ranger Energy Services, Inc. (RNGR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow RNGR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RNGR filings page.
Ranger Energy Services, Inc. (RNGR) agreed to acquire the U.S. coiled tubing, fluid and nitrogen pumping, and related well services assets of STEP Energy Services for approximately $27.5 million, consisting of $22.5 million in cash and $5 million in Class A common stock, subject to adjustments. The equity portion will be priced using a 30‑day volume‑weighted average price before closing. Assets include 13 coiled tubing spreads, related equipment and inventory, and certain lease obligations, with Ranger expecting to hire about 220 STEP professionals. Closing is subject to customary conditions and is expected around September 11, 2026.
Ranger states the deal will make it the second‑largest coiled tubing provider in the Lower 48 and projects the acquired assets will add approximately $80–$90 million of revenue and more than $10 million of EBITDA in 2027, including at least $2.5 million of first‑year cost synergies. Pro forma, the coiled tubing line is expected to generate over $110 million of 2027 revenue and $15+ million of EBITDA. The purchase will be funded with revolver borrowings, with post‑close borrowings expected to be about $30 million, and management indicates 2026 cash flows will be pressured by roughly $10 million of post‑close working capital and pre‑close capital commitments. Management characterizes the transaction as expected to be earnings and free‑cash‑flow accretive beginning in 2027.
Ranger Energy Services, Inc. reported second quarter 2026 results with Adjusted EBITDA of $28.6 million and net income of $6.9 million, across its High-Spec Rigs, Wireline, and Processing & Ancillary segments. Trailing twelve-month Adjusted EBITDA was $89.0 million.
The company generated $20.0 million of Free Cash Flow in the quarter and reported Free Cash Flow conversion of 86%. For full-year 2025, Adjusted EBITDA was $73.2 million and Free Cash Flow was $42.9 million, a 59% Free Cash Flow conversion, and management highlights converting more than 62% of Adjusted EBITDA to Free Cash Flow over the last three years.
Ranger emphasizes a production-focused well services model, capital returns, and technology investment. Since 2023 it has returned over $67 million via share repurchases and dividends, buying back more than 4.6 million shares (about 19% of shares outstanding). It is also investing an estimated $48 million to build a 20‑rig ECHO hybrid electric fleet, partially funded by upfront customer capital and premium dayrates.
Ranger Energy Services reported second-quarter 2026 results with revenue of $176.5 million, net income of $6.9 million and diluted EPS of $0.29. Adjusted EBITDA was $28.6 million, a 16.2% margin, higher than both the first quarter of 2026 and the prior-year quarter.
High Specification Rigs, Processing Solutions and Ancillary Services, and Wireline all contributed, including a shift to positive operating income and higher Adjusted EBITDA in Wireline. Management highlighted achieving an annualized EBITDA run-rate above $100 million following the AWS acquisition.
Free Cash Flow was $20.0 million in the quarter, supporting repurchases of 282,900 shares for $4.5 million and a quarterly dividend of $0.06 per share. Liquidity totaled $61.3 million, while year-to-date Free Cash Flow was negative $1.7 million as accounts receivable and contract assets increased due to customer payment delays.
The board declared a $0.06 per share cash dividend payable August 21, 2026 to stockholders of record on August 7, 2026, and the company emphasized continued investment in its ECHO hybrid rig fleet and growth opportunities across service lines.
Ranger Energy Services filed a Form 8-K to furnish an investor presentation from the East Coast IDEAS Conference, outlining its production-focused well service strategy, financial profile and growth plans. The deck highlights a share price of $16.35, fully diluted market capitalization of $413.8 million and enterprise value of $406.9 million as of June 4, 2026.
Trailing twelve-month Adjusted EBITDA is $81.0 million and the company reports a 1.5% dividend yield. For 2025, Adjusted EBITDA was $73.2 million, with Free Cash Flow of $42.9 million, reflecting 59% Free Cash Flow conversion. Management emphasizes a strong balance sheet with net debt at roughly one-third of TTM EBITDA, an expectation to reach net debt zero before the end of fiscal 2026, and a framework to return at least 25% of Free Cash Flow annually, having returned about 40% since 2023.
The presentation describes Ranger as the largest well service provider in the United States with 219 total rigs and 193 active rigs, a focus on High-Spec Rigs, and innovation through its ECHO hybrid electric rig program, including contracts to build and deploy 17 ECHO rigs for a major Permian operator.
Ranger Energy Services, Inc. held its 2026 Annual General Meeting of Stockholders, with 20,622,930 of 23,910,765 eligible Class A shares represented in person or by proxy. Stockholders reelected Class II directors Stuart N. Bodden and Sean Woolverton to serve until the 2029 Annual Meeting.
Stockholders also ratified the appointment of Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 20,597,749 votes for, 12,926 against, and 12,255 withheld. In addition, they approved, on a non-binding advisory basis, the Company’s executive compensation program, with 15,188,844 votes for, 186,977 against, and 35,689 withheld.
Ranger Energy Services reported stronger first quarter 2026 results and continued returning cash to shareholders. Revenue reached $159.1 million, up from $142.2 million in the prior quarter and $135.2 million a year earlier, helped by the American Well Services acquisition. Net income was $3.0 million, or $0.12 per diluted share, compared with $0.03 a year ago. Adjusted EBITDA rose to $23.3 million with a 14.6% margin as High Specification Rigs and Ancillary Services improved, while Wireline remained weak but closer to breakeven. Free Cash Flow turned negative $21.7 million, mainly due to higher working capital and $18.3 million of capital spending, including about $14 million for new ECHO hybrid rigs. The Board declared a quarterly cash dividend of $0.06 per share and the company repurchased 38,700 shares for $0.5 million.
Ranger Energy Services reported softer 2025 results but stronger Q4 momentum and announced a new dividend. Full-year 2025 revenue was $546.9 million with net income of $12.3 million, or $0.54 per diluted share, and Adjusted EBITDA of $73.2 million, a 13.4% margin compared with $78.9 million and 13.8% in 2024.
Fourth quarter 2025 revenue was $142.2 million and Adjusted EBITDA was $20.3 million, both up sequentially from the third quarter, though slightly below the prior-year quarter. Free Cash Flow was $42.9 million, or $1.89 per share, and the company returned more than 40% of that through dividends and repurchases in 2025.
Ranger completed the American Well Services acquisition, launched its ECHO Hybrid Electric Rig platform, and signed a contract to build and deploy 15 additional ECHO rigs with deliveries beginning in the third quarter of 2026. The Board declared a quarterly cash dividend of $0.06 per share payable April 6, 2026 to stockholders of record on March 20, 2026.
Ranger Energy Services, through its subsidiary Ranger Energy Services, LLC, has signed a contract with a core customer to build and deploy 15 ECHO™ Hybrid Electric Rigs. These rigs use hybrid electric technology, which can improve efficiency compared with traditional drilling rigs.
The agreement includes shared capital cost provisions and minimum hourly commitments for future periods, giving the rig program a committed utilization framework. The first rig is expected to be delivered in the third quarter of 2026, with all 15 rigs anticipated to be deployed before the end of 2027.
Ranger Energy Services, Inc. filed an Amendment No. 1 to a prior Form 8-K to update Item 9.01 with financial information related to its acquisition of American Well Intermediate Holdings, LLC and its subsidiary American Well Services, LLC (together, “AWS”). The amendment adds audited AWS consolidated financial statements as of and for the year ended December 31, 2024, unaudited interim AWS financial statements as of and for the nine months ended September 30, 2025, and unaudited condensed combined pro forma financial statements giving effect to the AWS acquisition. These pro forma statements are presented for illustrative purposes only and are not intended to represent actual historical results or to project future performance. No other items from the original Form 8-K are changed.
Ranger Energy Services (RNGR) announced quarterly results for the period ended September 30, 2025 and declared a quarterly cash dividend of $0.06 per share.
The dividend is payable on December 5, 2025 to stockholders of record as of November 21, 2025. The company furnished a press release as Exhibit 99.1 under Item 2.02, which is not deemed filed under Section 18 of the Exchange Act. The Board noted that any future dividends remain at its discretion and approval.
Ranger also indicated that financial statements of a business acquired will be filed by amendment within 71 calendar days of the required filing date under Item 9.01.
Ranger Energy Services (RNGR) completed the acquisition of American Well Services (AWS) on November 7, 2025. The estimated purchase price was approximately $90.5 million, consisting of $60.5 million in cash and 1,998,401 shares of Class A common stock, plus a contingent earnout of $5 million based on performance during the twelve months following the Acquisition Date. The cash portion was funded through borrowings under the Company’s Wells Fargo Revolving Credit Facility and available cash.
AWS operates a fleet of high-spec rigs and supporting equipment primarily in the Permian Basin. Ranger expects to account for the deal as a business combination under ASC 805, with results consolidated from the Acquisition Date. In connection with the transaction, the Company issued the 1,998,401 shares in a private placement relying on Section 4(a)(2) and Rule 506 of Regulation D.
Ranger plans to file required financial statements of the acquired business and related pro formas by amendment within 71 days. A press release announcing the deal was furnished on November 10, 2025.
Ranger Energy Services, Inc. reported that board member Brett T. Agee resigned from the Board of Directors, effective September 19, 2025. The company states that his resignation is not due to any disagreement with its operations, policies, practices, the Board, or management. The Board expressed appreciation for his contributions and well wishes for his future. Ranger Energy is conducting a review of its Board succession planning and expects to determine the future structure of the Board over the next 90 days.