Filing Flows › Ranger Energy Services (RNGR) › How it makes money
How Ranger Energy Services (RNGR) makes money
Ranger Energy Services (RNGR) made $176M of revenue in the second quarter 2026 (Q2 2026), +26% from a year earlier. High Specification Rigs brought in $113M (64%); Processing Solutions and Ancillary Services brought in $44.5M (25%); Wireline Services brought in $18.6M (11%). Of every dollar of revenue, 7¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| High Specification Rigs | $113M | 64.2% | +7% | +31% |
| Processing Solutions and Ancillary Services | $44.5M | 25.2% | +5% | +38% |
| Wireline Services | $18.6M | 10.5% | +75% | -16% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $176M | 100.0% |
| Operating profit | $11.8M | 6.7% |
| Income tax | $3.4M | 1.9% |
| Net earnings | $6.9M | 3.9% |
| Operating cash flow | $26.4M | 15.0% |
| Free cash flow | $20.0M | 11.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $176M | +26% |
| Q1 2026 | $159M | +18% |
| Q4 2025 | $142M | -0.6% |
| Q3 2025 | $129M | -16% |
| Q2 2025 | $141M | +2% |
| Q1 2025 | $135M | -1% |
| Q4 2024 | $143M | -6% |
From Ranger Energy Services' 10-Q filed Jul 28, 2026 (on EDGAR).
Questions
How does Ranger Energy Services make money?
Ranger Energy Services (RNGR) made $176M of revenue in the second quarter 2026 (Q2 2026), +26% from a year earlier. High Specification Rigs brought in $113M (64%); Processing Solutions and Ancillary Services brought in $44.5M (25%); Wireline Services brought in $18.6M (11%). Of every dollar of revenue, 7¢ was left as operating profit, 4¢ was left as net earnings.
What is Ranger Energy Services' biggest business?
High Specification Rigs: $113M in the second quarter 2026, 64% of revenue, +31% from a year earlier.
What is Ranger Energy Services' profit margin?
Net earnings were $6.9M, 3.9% of revenue, in the second quarter 2026; the operating margin was 6.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.