Q2 2026 Ranger Energy Services Inc Earnings Call Transcript

Jul 28, 2026 / 02:00 PM GMT

Release Date Price: $14.53 (-6.08%)

Transcript 10-Q8-K

Key Points

Positve

Ranger Energy Services Inc (RNGR) reported a significant sequential revenue increase of 10.9%, reaching $176.5 million.
The company achieved an adjusted EBITDA of $28.6 million, representing a 16.2% margin, which is an improvement of 160 basis points quarter-over-quarter.
The integration of AWS has been successful, contributing to the company's strong performance and surpassing the $100 million annualized adjusted EBITDA run rate.
The high-spec rig segment saw a 4% revenue increase, supported by increased rig hours and a modest rate uplift.
Ranger's wireline segment delivered exceptional performance, with revenue up 75% from the previous quarter, driven by new contracts and improved profitability.

Negative

The wireline segment is expected to experience reduced EBITDA margins and a softer top-line in the second half of the year as recent contract awards conclude.
There was a slight softness in margins for the high-spec rig segment due to an unusual state sales tax audit and make-ready costs for upcoming Echo deployments.
Receivables and contract assets remained elevated at the end of the quarter due to billing delays experienced in June.
The company anticipates potential softening in Q4 due to holiday and weather impacts, which could affect overall performance.
Some service lines acquired from AWS showed inconsistent performance, and the company is focused on finding better opportunities to nurture and grow these businesses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RNGR.N - Ranger Energy Services Inc
Q2 2026 Ranger Energy Services Inc Earnings Call
Jul 28, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Ranger Energy Services second quarter 2026 earnings conference call.

All participants will be in listen-only mode.

Should you need assistance, please signal a conference specialist by pressing star then zero on your telephone keypad.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may press star then 1 on your telephone keypad. To withdraw your question, please press star then 2.

Please note, this event is being recorded.

I would now like to turn the conference over to Joe Meese, Vice President of Finance. Please go ahead.

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