Ranger Energy Q2 revenue, core profit beat estimates, helped by AWS acquisition

Ranger Energy Services

27/07/2026 21:49

Overview
U.S. oilfield services firm's Q2 revenue rose, beating analyst expectations
Q2 adjusted EBITDA increased and beat analyst expectations
Company repurchased 282,900 shares in Q2 for $4.5 mln

Outlook
Company expects Wireline segment activity and profitability to decline in second half 2026
Ranger sees incremental ECHO rig deployments likely in future quarters as market adoption develops
Company says customer activity is increasing, but most growth is improving utilization, not new rig commitments

Result Drivers
AWS INTEGRATION - Co said revenue and profitability gains were driven by contributions from service lines acquired in the AWS transaction
WIRELINE RECOVERY - Sequential revenue and profit gains in Wireline Services segment driven by new contract activity and improved efficiency

Company press release: ID:nBw5D4m2Ca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$176.50 mln
$165.37 mln (3 Analysts)
Q2 EPS
 
$0.29
 
Q2 Net Income
 
$6.90 mln
 
Q2 Adjusted EBITDA
Beat
$28.60 mln
$25.98 mln (3 Analysts)

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 27.3% above its July 24 closing price of $15.71
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
July 27 - Baker Hughes flags lower spending by oil and gas producers in 2026
July 27 - Noble Q2 adjusted net income misses estimates; guidance cut on Brazil rig suspensions

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.)