The EPS miss and negative FCF due to working capital build and ECHO rig capex suggest near-term pressure. Watch Q2 2026 cash flow improvement and wireline stabilization as key catalysts. Dividend provides modest support.
Price Chart
Executive Summary
Ranger Energy Services reported Q1 2026 revenue of $159.1M (+17.7% YoY) but diluted EPS of $0.12 missed consensus of $0.36 by 66.7%. The board declared a $0.06/share dividend. Despite revenue growth, the significant EPS miss and negative free cash flow of -$21.7M weigh on sentiment.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $159.1M vs $135.2M YoY (+17.7%)
- Diluted EPS $0.12 vs consensus $0.36 (miss of 66.7%)
- Adjusted EBITDA $23.3M (14.6% margin) vs $15.5M YoY
- Free cash flow negative $21.7M vs positive $3.4M YoY
- Quarterly dividend of $0.06/share declared, payable May 22, 2026
- High Spec Rigs segment revenue up 26% YoY; Wireline down 38%
Financial Impact
EPS miss of $0.24 vs consensus implies ~$5.8M net income shortfall on a $438M market cap
Risk Factors
- Wireline segment continued decline (revenue -38% YoY)
- Negative free cash flow and liquidity drop to $42.5M from $67.7M
- High capex for ECHO rigs without near-term revenue contribution
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-027500 |
| Document: 0001628280-26-027500-index.html | 0001628280-26-027500 |
| Document: 0001628280-26-027500.txt | 0001628280-26-027500 |
| 8-K Data (Synthetic) | 0001628280-26-027500 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 8-K | $15.42 $14.65 | ▼ −4.99% | ▼ −3.03% | $14.72 (−4.54%) |
Aug 31, 2026 8w ago | 8-K | $16.70 $16.92 | ▲ +1.32% | ▲ +1.46% | $14.72 (−11.86%) |
Jul 28, 2026 12w ago | 8-K | $15.14 $15.84 | ▲ +4.62% | ▼ −0.91% | $14.72 (−2.77%) |
Apr 27, 2026 26w ago | 8-K | $17.18 $17.06 | ▼ −0.73% | ▼ −2.42% | $14.72 (−14.34%) |
Mar 5, 2026 33w ago | 8-K | $16.88 $16.79 | ▲ +0.51% | ▼ −1.73% | $14.72 (+12.78%) |
Mar 2, 2026 34w ago | EFFECT | $17.54 $16.73 | ▼ −4.62% | ▼ −3.41% | $14.72 (−16.08%) |
US Market Status
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