Filing Flows › Ranger Energy Services (RNGR) › Q1 2026
Ranger Energy Services (RNGR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Ranger Energy Services (RNGR) reported revenue of $159M for the first quarter 2026 (Q1 2026), +18% from a year earlier and +12% from the quarter before. Operating margin was 3.2%, net earnings $3.0M (1.9% of revenue).
Ranger Energy Services, Q1 2026: revenue $159M (+18% year over year), operating margin 3.2%, net earnings $3.0M, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $159M | +12% | +18% |
| Operating profit | $5.1M | +59% | +410% |
| Net earnings | $3.0M | -6% | +400% |
| Operating cash flow | −$3.4M | -114% | -132% |
What changed
Revenue was $159.1M in Q1 2026, up 18% year over year and up 12% from the previous quarter. High Specification Rigs was the largest line at 67% of revenue. High Specification Rigs added $18.7M year over year (up 21%), 78% of the total change. Wireline Services declined 38%.
Operating profit was $5.1M, a 3.2% margin (up 2.5 points year over year). Of the extra revenue versus Q1 2025, 17% reached operating profit, above the 1% margin then. Total costs grew 15% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+33%). Net earnings were $3.0M, up 400% year over year. The effective tax rate was 25.0%.
Operating cash flow was −$3.4M. Non-cash charges added back $16.2M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $24.2M. Capital expenditures of $18.3M exceeded it, leaving free cash flow of −$21.7M.
Questions
What was Ranger Energy Services' revenue in the first quarter 2026?
Ranger Energy Services (RNGR) reported revenue of $159M for the first quarter 2026 (Q1 2026), +18% from a year earlier and +12% from the quarter before.
Was Ranger Energy Services profitable in the first quarter 2026?
Operating profit was $5.1M (3.2% of revenue) and net earnings $3.0M.