Filing Flows › Ranger Energy Services (RNGR) › Q2 2026
Ranger Energy Services (RNGR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Ranger Energy Services (RNGR) reported revenue of $176M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +11% from the quarter before. Operating margin was 6.7%, net earnings $6.9M (3.9% of revenue).
Ranger Energy Services, Q2 2026: revenue $176M (+26% year over year), operating margin 6.7%, net earnings $6.9M, operating cash flow $26.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $176M | +11% | +26% |
| Operating profit | $11.8M | +131% | +37% |
| Net earnings | $6.9M | +130% | -5% |
| Operating cash flow | $26.4M | — | +28% |
| Free cash flow | $20.0M | — | +39% |
What changed
Revenue was $176.5M in Q2 2026, up 26% year over year and up 11% from the previous quarter. High Specification Rigs was the largest line at 64% of revenue. High Specification Rigs added $27.1M year over year (up 31%), 75% of the total change. Wireline Services declined 16%.
Operating profit was $11.8M, a 6.7% margin (up 0.6 points year over year). Of the extra revenue versus Q2 2025, 9% reached operating profit, above the 6% margin then. Total costs grew 25% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+44%). Net earnings were $6.9M, down 5% year over year. The effective tax rate was 33.0%.
Operating cash flow was $26.4M (up 28% year over year), 383% of net earnings. Non-cash charges added back $15.6M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $2.2M. After purchase of property and equipment ($6.4M), free cash flow as the company reports it was $20.0M.
Questions
What was Ranger Energy Services' revenue in the second quarter 2026?
Ranger Energy Services (RNGR) reported revenue of $176M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +11% from the quarter before.
Was Ranger Energy Services profitable in the second quarter 2026?
Operating profit was $11.8M (6.7% of revenue) and net earnings $6.9M.