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Sep 30, 2025
Ranger Energy Services Q3 2025 Earnings Report
Ranger Energy Services, Inc. announced its results for the third quarter ended September 30, 2025, reporting a decrease in revenue and net income compared to the prior year and prior quarter, alongside the acquisition of American Well Services.
Key Takeaways
Ranger Energy Services, Inc. reported a challenging third quarter in 2025 with revenue decreasing to $128.9 million and net income falling to $1.2 million. Despite the difficult macro-environment, the company completed the acquisition of American Well Services, repurchased shares, and maintained a strong balance sheet, while also introducing its new ECHO electric hybrid rig.
Completed the acquisition of American Well Services, a Permian-focused provider, to enhance scale and capabilities in the U.S. land basin.
Repurchased 667,500 outstanding shares for $8.3 million during the quarter, bringing year-to-date capital returns to $15.6 million.
Revenue decreased by 16% year-over-year to $128.9 million and by 8% quarter-over-quarter.
Net income was $1.2 million, or $0.05 per diluted share, a significant decrease from $8.7 million in Q3 2024.
Revenue by Segment
Forward Guidance
Ranger Energy Services, Inc. anticipates continued resilience and growth opportunities, particularly with the integration of American Well Services and the deployment of its new ECHO rigs.
Positive Outlook
- The acquisition of American Well Services is expected to galvanize Ranger's role as a leading well services provider and provide new growth opportunities.
- The combined company will become the largest well services provider in the Lower 48 with compelling technology.
- The introduction and deployment of ECHO electric hybrid rigs are expected to offer lower emissions, enhanced safety, and operational efficiencies.
- Customer interest in the ECHO rigs remains robust, indicating potential for future conversions and adoption.
- The company's disciplined approach and stable demand in its core HSR segment are expected to support operations despite market fluctuations.
Challenges Ahead
- The financial performance was recently challenged by a difficult macro-environment.
- Declines in completion-focused service lines, particularly Coil Tubing in the Rockies, impacted performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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