Filing Flows › Ranger Energy Services (RNGR) › Q3 2025
Ranger Energy Services (RNGR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Ranger Energy Services (RNGR) reported revenue of $129M for the third quarter 2025 (Q3 2025), -16% from a year earlier and -8% from the quarter before. Operating margin was 2.0%, net earnings $1.2M (0.9% of revenue).
Ranger Energy Services, Q3 2025: revenue $129M (-16% year over year), operating margin 2.0%, net earnings $1.2M, operating cash flow $13.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $129M | -8% | -16% |
| Operating profit | $2.6M | -70% | -80% |
| Net earnings | $1.2M | -84% | -86% |
| Operating cash flow | $13.6M | -34% | -23% |
| Free cash flow | $8.0M | — | -26% |
What changed
Revenue was $128.9M in Q3 2025, down 16% year over year and down 8% from the previous quarter. High Specification Rigs was the largest line at 63% of revenue. Wireline Services lost $13.1M year over year (down 43%), 54% of the total change.
Operating profit was $2.6M, a 2.0% margin (down 6.4 points year over year). Total costs fell 10% while revenue fell 16%. Net earnings were $1.2M, down 86% year over year. The effective tax rate was 52.0%.
Operating cash flow was $13.6M (down 23% year over year), 1133% of net earnings. Non-cash charges added back $11.0M of depreciation and amortization and $1.7M of share-based compensation. After purchase of property and equipment ($5.6M), free cash flow as the company reports it was $8.0M.
Questions
What was Ranger Energy Services' revenue in the third quarter 2025?
Ranger Energy Services (RNGR) reported revenue of $129M for the third quarter 2025 (Q3 2025), -16% from a year earlier and -8% from the quarter before.
Was Ranger Energy Services profitable in the third quarter 2025?
Operating profit was $2.6M (2.0% of revenue) and net earnings $1.2M.