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Ranger Energy Services delivered sequential and year-over-year revenue growth in Q2 2025, increased profitability, and strong free cash flow, supported by solid segment contributions and efficiency gains.
Revenue grew to $140.6 million, a 2% YoY and 4% QoQ increase.
Net income rose to $7.3 million, with EPS of $0.32.
Adjusted EBITDA reached $20.6 million with a 14.7% margin.
Launched the hybrid electric ECHO rig, a major technology milestone.
Ranger anticipates continued stability in Q3 activity but notes uncertainty in Q4 due to market softness. Management remains focused on disciplined capital investment and operational resilience.