Ranger Energy agrees to buy STEP assets. Ranger Energy Services stock faces November 9 results
Published on 10/01/2026 at 14:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Ranger Energy Services (ISIN US7522401035) agreed to acquire STEP Energy Services' U.S. coiled tubing assets for USD 27.5 million, while Ranger Energy Services stock faces the company's next expected results date of November 9, 2026. FieldNews reported the acquisition on September 12, 2026, citing Ranger's August 31 announcement.
STEP deal adds operating scale
The transaction covers 13 coiled tubing spreads, related equipment, inventory, and selected property and vehicle lease obligations. The acquired operations span five facilities from the Bakken to south Texas, with their largest concentration in the Permian Basin.
FieldNews said the deal positions Ranger as the second-largest U.S. onshore coiled tubing operator. The transaction also includes STEP's Coil+ extended-reach technology and is intended to complement Ranger's high-specification well servicing rig operations.
Second-quarter revenue reaches USD 176.5 million
Ranger's second-quarter 2026 revenue was USD 176.5 million, compared with USD 159.1 million in the first quarter of 2026 and USD 140.6 million in the second quarter of 2025. Backpack reproduced the company's Business Wire release on the results.
Second-quarter 2026 net income was USD 6.9 million, or USD 0.29 in diluted earnings per share, compared with USD 3.0 million and USD 0.12 in the first quarter. Operating profit reached USD 11.8 million, while operating cash flow was USD 26.4 million for the quarter.
Market value and next report date
Ranger Energy Services had a market capitalization of USD 355.5 million as of September 30, 2026. Its 52-week range was USD 11.88 to USD 18.82 on the same market-data snapshot, placing the company in the small-cap oilfield-services segment.
TheDesperateTrader lists November 9, 2026 as Ranger's next expected earnings date. That report should give investors the first reported operating update after the STEP transaction was expected to close.
Ranger Energy Services at a glance
- Company: Ranger Energy Services, Inc.
- ISIN: US7522401035
- Ticker: RNGR
- Primary exchange: NYSE
- Market capitalization: USD 355.5 million (as of September 30, 2026)
- 52-week range: USD 11.88-18.82 (as of September 30, 2026)
- Sector / Industry: Energy / Oil and Gas Equipment and Services
