Ranger Energy closes $27.5M acquisition of STEP Energy's US coiled tubing and well services assets

Ranger Energy Services, Inc.

Aggregate consideration was ~$27.5M: $22.5M cash plus 307,503 Class A shares valued at $5.0M based on 30-day VWAP ending before the October 8, 2026 close.
Cash portion was funded through borrowings under the Company's Wells Fargo Revolving Credit Facility.
Ranger acquired coiled tubing units, related equipment and lease rights, and assumed obligations for facility, vehicle and equipment leases.
Purchase Agreement will be filed as an exhibit to the Form 10-Q for the quarter ending September 30, 2026; required financial statements due by amendment within 71 days.
Filing signed October 9, 2026 by Executive Vice President and CFO Melissa Cougle.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.