Company Profile: Ranger Energy Services, Inc.
Background
Ranger Energy Services, Inc. is a leading provider of high specification well service rigs, wireline services, and ancillary services to the U.S. oil and gas industry. Established in 2014, the company facilitates operations throughout the lifecycle of a well, including completion, production, maintenance, intervention, workover, and abandonment phases. Ranger's mission is to "generate positive energy," fostering a culture that encourages innovation and operational excellence. The company's vision is to create a future where everyone has the opportunity to thrive, elevating the way energy is resourced.
Key Strategic Focus
Ranger Energy Services focuses on providing comprehensive well services, emphasizing high-specification rigs and advanced technologies to meet the challenges of extended reach horizontal wells. The company's strategic objectives include expanding its service offerings, enhancing operational efficiency, and maintaining a strong safety record. Key areas of specialization encompass well servicing, wireline services, and natural gas processing. Ranger targets major unconventional basins across the United States, aiming to deliver superior service quality and operational efficiency.
Financials and Funding
As of January 31, 2026, Ranger Energy Services' stock (NYSE: RNGR) is trading at $15.42 per share. In the third quarter of 2025, the company reported revenue of $128.9 million, a 16% decrease from the same period in 2024, and a net income of $1.2 million, or $0.05 per diluted share. Adjusted EBITDA for the quarter was $16.8 million, representing a 13% margin. Year-to-date through September 2025, Ranger generated free cash flow of $25.8 million.
Ranger has engaged in strategic acquisitions to bolster its market position. In November 2025, the company acquired American Well Services for approximately $90.5 million, consisting of $60.5 million in cash and 1,998,401 shares of Class A common stock, along with a contingent earnout of $5 million based on performance over twelve months. This acquisition expanded Ranger's rig count by approximately 25%, solidifying its position as the largest well-servicing provider in the Lower 48 states.
Pipeline Development
Ranger Energy Services has developed several key initiatives to enhance its service offerings:
- Ranger ECHO Rig: Launched in Q2 2025, the Ranger ECHO is an electric hybrid rig designed to reduce emissions and improve operational efficiency. The first two ECHO rigs have been delivered and are currently being deployed.
- Acquisition of American Well Services: Completed in November 2025, this acquisition added 39 well-maintained high-spec rigs to Ranger's fleet, enhancing its capabilities in the Permian Basin.
Technological Platform and Innovation
Ranger Energy Services distinguishes itself through the following technological platforms and innovations:
- Ranger ECHO Rig: An electric hybrid rig that offers a lower emissions profile, safety enhancements, and operational efficiencies.
- Ranger Live™ Mobile Platform: A cloud-based application suite, including the eRIGS™ Data Acquisition System, designed to enhance data collection and analysis capabilities.
Leadership Team
Ranger Energy Services is led by a team of experienced professionals:
- Stuart Bodden: Chief Executive Officer, overseeing the company's strategic direction and operations.
- Melissa Cougle: Executive Vice President and Chief Financial Officer, responsible for financial strategy and management.
- Dennis Douglas: Chief Operating Officer, leading operational initiatives and service delivery.
Competitor Profile
Market Insights and Dynamics
The U.S. well services market is characterized by intense competition, with numerous large and small oilfield service providers. Key competitors include RPC, Inc., ProPetro Holding Corp., Select Energy Services, Inc., Oil States International, Inc., KLX Energy Services Holdings, Inc., Dril-Quip, Inc., Mammoth Energy Services, Inc., and Solaris Oilfield Infrastructure, Inc. The industry is highly fragmented, with regional competition from smaller service providers.
Strategic Collaborations and Partnerships
Ranger Energy Services has engaged in strategic acquisitions to strengthen its market position:
- Acquisition of Bayou Workover Services and Magna Energy Services: In 2016, Ranger merged with Bayou and Magna, expanding its fleet to 70 high-specification workover rigs and diversifying its service offerings.
- Acquisition of American Well Services: Completed in November 2025, this acquisition added 39 well-maintained high-spec rigs to Ranger's fleet, enhancing its capabilities in the Permian Basin.
Operational Insights
Ranger Energy Services differentiates itself through:
- High-Specification Rig Fleet: A modern fleet of high-spec rigs capable of handling complex well servicing operations.
- Technological Innovation: Investments in technologies like the Ranger ECHO electric hybrid rig and the Ranger Live™ Mobile Platform to enhance operational efficiency and safety.
- Strong Safety Culture: A commitment to safety, as evidenced by the award of the Silver Safety Award in Group V from the Association of Energy Service Companies (AESC) for two consecutive years.
Strategic Opportunities and Future Directions
Ranger Energy Services is well-positioned to capitalize on:
- Market Expansion: Leveraging its expanded fleet and service capabilities to enter new markets and strengthen its presence in existing ones.
- Technological Leadership: Continuing to innovate with technologies like the Ranger ECHO rig to meet evolving industry demands.
- Operational Excellence: Maintaining a focus on safety and efficiency to enhance service quality and customer satisfaction.
Contact Information
- Website: www.rangerenergy.com
- Social Media: LinkedIn profile of the company
- Headquarters: Houston, Texas, USA
