Ranger Energy Services (NYSE:RNGR) reported fourth-quarter and full-year 2025 results on Thursday, highlighting a sequential recovery in activity and robust free cash flow generation.
The Houston-based oilfield services provider posted a net income of $12.3 million, or 54 cents per diluted share, for the full year on revenue of $546.9 million.
While annual adjusted EBITDA of $73.2 million slightly trailed the $78.9 million recorded in 2024, the company demonstrated significant momentum in the final months of the year.
Fourth-quarter revenue climbed to $142.2 million, a 10% increase over the third quarter, driven by higher demand for well-service rigs and wireline services.
More notably, adjusted EBITDA margins expanded to 14.3% in the period, up from 13% in the previous quarter.
Ranger also generated $42.9 million in free cash flow for the year, allowing the company to return over 40% of that capital to shareholders through a combination of dividends and opportunistic share repurchases.