Key Highlights

  • Revenue reached $162.8 million in the third quarter of 2026.
  • Adjusted EBITDA was $20.1 million, with a Margin of about 12%.
  • Free Cash Flow was $20.0 million, which the company used to pay off its borrowings.
  • The company completed a coil tubing acquisition, with more than $10 million of EBITDA expected in 2027.

Ranger Energy Services, Inc. (NYSE:RNGR) reported third-quarter 2026 Revenue of $162.8 million, adjusted EBITDA of $20.1 million and free cash flow of $20.0 million. The company used that cash to pay off its borrowings in full and also carried out a series of share repurchases.

Free Cash Flow and Debt Reduction

Free cash flow of $20.0 million was generated in the quarter, and the company used it to fully pay off its borrowings.

The company also completed share repurchases during the period.

Coil Tubing Acquisition and Fleet

The company completed the acquisition of a coil tubing business, creating what it described as a leading coil tubing provider in the United States.

The company also reported growth in its fleet, with the number of rigs in operation or construction reaching 24.

Final Word

Ranger Energy Services' third quarter combines revenue of $162.8 million and adjusted EBITDA of $20.1 million with free cash flow of $20.0 million, enough to repay all borrowings. The coil tubing acquisition adds capacity and expected Earnings in 2027.