Ranger Energy reported Q2 2026 adjusted EBITDA of $28.6 million and free cash flow of $20.0 million.
Key Highlights:
- Posted Q2 2026 presentation and hosted earnings call; Q2 Adjusted EBITDA totaled $28.6M, underscoring segment strength.
- Q2 free cash flow was $20.0M with trailing twelve-month 2025 free cash flow conversion at 59%.
- High-Spec Rigs drove results: Q2 HSR Adjusted EBITDA $20.6M and segment revenue $113.4M.
- ECHO program: 20-rig commitments, $48M estimated build cost, $15.5M upfront customer payments; target 3-year payback.
- Strategic progress: AWS acquisition closed Nov 7, 2025 at 2.1x LTM Adj. EBITDA with ~$4M annual cost synergies; returned >40% of FCF to shareholders since 2023.
Original SEC Filing:
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