Ranger Energy's Q1 revenue rises on AWS integration

Ranger Energy Services

27/04/2026 21:20

Overview

US oilfield services provider's Q1 revenue rose 18% yr/yr, driven by AWS integration

Adjusted EPS for Q1 rose to $0.12 from $0.03 a year earlier

Company repurchased $0.5 mln in shares during the quarter

Outlook

Company expects disciplined focus on utilization and cost control to push margins higher

Ranger anticipates deployment of new ECHO rigs to benefit results later this year

Result Drivers

AWS INTEGRATION - Co said AWS integration drove increases in revenue and margins, with full quarter of AWS results included

HIGH SPEC RIGS - Segment saw higher rig hours and resilient pricing, though operating income declined

ANCILLARY SERVICES GROWTH - Ancillary segment benefited from AWS service lines and new Plug & Abandonment contract

Company press release: ID:nBw6hzk82a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$159.10 mln
$152.70 mln (2 Analysts)
Q1 EPS
$0.12
Q1 Net Income
$3 mln
Q1 Adjusted EBITDA
Beat
$23.30 mln
$21.44 mln (2 Analysts)
Q1 Free Cash Flow
-$21.70 mln


Analyst Coverage

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 9.2% above its April 24 closing price of $18.32

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)