Ranger Energy contracts 15 additional ECHO hybrid rigs, targets >$100M EBITDA capacity

Filed June 11, 2026 · Period ending June 10, 2026 · ~2 min read

Key Changes

• high

  Contracted 15 additional ECHO hybrid rigs for Permian deployment (17 total), with zero-emission capability, 90% GHG reduction, 3-year payback structure, and estimated 500 bps higher EBITDA margins post-payback versus conventional rigs.

  Exhibit 99.1 view on EDGAR →
• high

  Completed AWS acquisition (Nov 2025) at 2.1x LTM EBITDA with $4M annual synergies, adding high-margin tubing, inspection, and chemical services; management expects to repay borrowings within one year while maintaining 25% minimum FCF return commitment.

  Exhibit 99.1 view on EDGAR →
• high

  Q1 2026: $3.0M net income, $23.3M Adjusted EBITDA; High-Spec Rigs segment generated $106.2M revenue at 20.1% margin; negative $21.7M free cash flow driven by $18.3M capex for ECHO construction and AWS integration.

  Exhibit 99.1 view on EDGAR →