Ranger Energy Services Declares $0.06 Quarterly Dividend
Ranger Energy Services, Inc., an oilfield services provider, announced a $0.06 per share quarterly cash dividend. The Board of Directors approved the payment on March 5, 2026.
Ranger Energy Services, Inc. (NYSE: RNGR), an oilfield services company, declared a quarterly cash dividend of $0.06 per share. The Board of Directors approved the dividend on March 5, 2026. Read more dividend announcements.
The dividend will be paid to common stockholders of record as of the close of business on March 20, 2026. Payment is scheduled for April 6, 2026.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.06 |
| Record Date | March 20, 2026 |
| Payment Date | April 6, 2026 |
| Declaration Date | March 5, 2026 |
The company noted that the declaration of any future dividends remains subject to the Board of Directors' discretion and approval.
Capital Return Strategy
Ranger exceeded its commitment to return a minimum of 25% of free cash flow to shareholders during 2025. The company repurchased 994,400 shares of Class A Common Stock for $12.3 million at an average price of $12.26 per share during the year.
Since launching its repurchase program in 2023, Ranger has bought back 4,320,200 shares for a total cost of $47.1 million at an average price of $10.80 per share. This represents more than 18% of shares outstanding as of December 31, 2025.
Fourth Quarter Performance
Revenue for the fourth quarter of 2025 reached $142.2 million, an increase of $13.3 million from the third quarter and a decrease of $0.9 million compared to the fourth quarter of 2024. The sequential increase stemmed primarily from the contribution of the American Well Services acquisition.
Net income totaled $3.2 million in the fourth quarter of 2025, compared to $1.2 million in the third quarter and $5.8 million in the prior year period. Fully diluted earnings per share was $0.14, compared to $0.05 in the prior quarter and $0.25 in the fourth quarter of 2024.
Adjusted EBITDA for the fourth quarter was $20.3 million, an increase of $3.5 million from the prior quarter. The company ended 2025 in a net cash position despite borrowing approximately $22 million to fund the cash portion of the AWS acquisition.
Strategic Developments
Ranger completed the acquisition of American Well Services in the fourth quarter of 2025, establishing the company as the largest well services provider in the Lower 48 with the largest fleet of active and available rigs in the United States.
In early 2026, the company signed a contract with a major operator for the construction and deployment of 15 additional ECHO Hybrid Electric Rigs. Deliveries are scheduled between fall 2026 and early summer 2027.