Ranger Energy (RNGR) posted robust financial results for the fourth quarter of 2025, driven by a 17% year-over-year increase in production and adjusted EBITDA of $148 million. The company also raised its full-year 2026 guidance, signaling sustained operational momentum in the mid-cap energy sector.
- RNGR reported $148 million in adjusted EBITDA for Q4 2025, up 22% YoY
- Average daily production increased to 124,000 BOE/d, a 17% YoY rise
- Adjusted net income reached $89 million, up 28% year-over-year
- Free cash flow totaled $132 million in Q4 2025
- 2026 full-year production guidance raised to 120,000–128,000 BOE/d
- Capital expenditure plan for 2026 remains at $300 million
Ranger Energy (RNGR) delivered a standout performance in Q4 2025, reporting adjusted EBITDA of $148 million, a 22% increase from the same quarter in 2024. This growth was fueled by a 17% rise in average daily production, reaching 124,000 barrels of oil equivalent per day (BOE/d), compared to 106,000 BOE/d in Q4 2024. The company attributed the output gains to successful drilling campaigns in the Permian Basin and improved operational efficiency across its asset portfolio. The company’s adjusted net income for the quarter reached $89 million, up 28% year-over-year, reflecting a significant margin expansion. Ranger Energy’s realized oil price averaged $76.40 per barrel, slightly above the global benchmark crude price of $74.20 during the period. The company also maintained disciplined capital allocation, spending $68 million on development projects while generating $132 million in free cash flow. Ranger Energy raised its full-year 2026 production guidance to a range of 120,000–128,000 BOE/d, up from the prior forecast of 115,000–123,000 BOE/d. The company also reaffirmed its capital expenditure plan of $300 million for 2026, with an emphasis on high-return drilling opportunities. The guidance increase suggests confidence in sustained reservoir performance and favorable operating conditions. The stock responded positively, with RNGR shares rising 3.4% in after-hours trading. Energy sector benchmarks, including ExxonMobil (XOM) and crude oil futures (CL=F), also saw modest gains, indicating broader sentiment support. Investors appear to be factoring in Ranger Energy’s production resilience and margin strength as a sign of underlying strength in the midstream and upstream energy space.