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Ranger Energy Services, Inc.Bullish
Ranger Energy Services has completed the acquisition of certain U.S. assets from STEP Energy Services, including coiled tubing, fluid, and nitrogen pumping businesses, for a total consideration of $27.5 million. The payment consisted of $22.5 million in cash, funded through its existing revolving credit facility, and 307,503 shares of Class A Common Stock valued at $5.0 million.…more
Ranger Energy Services, Inc.
Ranger Energy Services entered into an agreement on August 31, 2026, to acquire the U.S. coiled tubing assets of STEP Energy Services for approximately $27.5 million, consisting of $22.5 million in cash and $5 million in stock. This acquisition positions Ranger as the second-largest coiled tubing operator in the U.S. with a 14% market share, and is expected to contribute over $80-90 million in additional revenue and more than $10 million in EBITDA in 2027.…more
Ranger Energy Services, Inc.
Ranger Energy Services insider Bodden Stuart filed an SEC Form 144 on August 21, 2026, to propose the sale of company shares. This filing formally declares the insider's intent to sell their holdings in the open market.…more
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Ranger Energy to Acquire STEP Energy's US Assets for $27.5M
Ranger Energy Services is acquiring STEP Energy's U.S. coiled tubing assets for approximately $27.5 million to strengthen its onshore market position. The deal is expected to be earnings accretive by 2027 through operational synergies and increased scale.…more