Filing Flows › Ranger Energy Services (RNGR) › Q3 2026
Ranger Energy Services (RNGR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Ranger Energy Services (RNGR) reported revenue of $163M for the third quarter 2026 (Q3 2026), +26% from a year earlier and -8% from the quarter before. Operating margin was 2.9%, net earnings $2.5M (1.5% of revenue).
Ranger Energy Services, Q3 2026: revenue $163M (+26% year over year), operating margin 2.9%, net earnings $2.5M, operating cash flow $30.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $163M | -8% | +26% |
| Operating profit | $4.8M | -59% | +85% |
| Net earnings | $2.5M | -64% | +108% |
| Operating cash flow | $30.5M | +16% | +124% |
| Free cash flow | $20.0M | — | +150% |
What changed
Revenue was $162.8M in Q3 2026, up 26% year over year and down 8% from the previous quarter. High Specification Rigs was the largest line at 68% of revenue. High Specification Rigs added $29.6M year over year (up 37%), 87% of the total change. Wireline Services declined 28%.
Operating profit was $4.8M, a 2.9% margin (up 0.9 points year over year). Of the extra revenue versus Q3 2025, 6% reached operating profit, above the 2% margin then. Total costs grew 25% against revenue growth of 26%. The fastest-growing cost line was Cost of revenue (+26%). Net earnings were $2.5M, up 108% year over year. The effective tax rate was 40.5%.
Operating cash flow was $30.5M (up 124% year over year), 1220% of net earnings. Non-cash charges added back $14.9M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $11.5M. After purchase of property and equipment ($10.5M), free cash flow as the company reports it was $20.0M.
Questions
What was Ranger Energy Services' revenue in the third quarter 2026?
Ranger Energy Services (RNGR) reported revenue of $163M for the third quarter 2026 (Q3 2026), +26% from a year earlier and -8% from the quarter before.
Was Ranger Energy Services profitable in the third quarter 2026?
Operating profit was $4.8M (2.9% of revenue) and net earnings $2.5M.