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Get filing alertsRanger Energy reports Q2 2026 net income of $6.9M, secures 18 ECHO hybrid rig contracts
Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read
Key Changes
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high
Secured contracts for 18 additional ECHO hybrid rigs (15 for major Permian operator, 3 for Chevron in Bakken), bringing total ECHO fleet commitment to 20 rigs requiring $48M investment with $15.5M received upfront from customers
Exhibit 99.1 view on EDGAR → -
high
Q2 2026 net income of $6.9M and Adjusted EBITDA of $28.6M; generated $20.0M in free cash flow representing 86% conversion of Adjusted EBITDA
Exhibit 99.1 view on EDGAR → -
high
AWS acquisition completed at 2.1x LTM Adjusted EBITDA with $4M expected annualized cost synergies; management expects to repay acquisition-related borrowings within one year and projects combined organization will generate over $100M in annual earnings capacity
Exhibit 99.1 view on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify