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AI brief of an SEC Form 8-K · Ranger Energy Services, Inc. (RNGR)

Ranger Energy Services completes $27.5 million acquisition of STEP Energy assets

Neutral Impact 3 of 5 m&a Written later

Ranger Energy Services completed on October 8, 2026, its acquisition of certain U.S. assets from STEP Energy Services, tied to STEP's coiled tubing, fluid and nitrogen pumping, and related well services business. The company paid approximately $27.5 million, combining $22.5 million in cash with 307,503 newly issued Class A shares valued at $5.0 million, which adds to the share count for existing holders.

Key points

  • Aggregate consideration was approximately $27.5 million, subject to customary post-closing adjustments.
  • Cash portion of $22.5 million was funded through borrowings under the Wells Fargo Revolving Credit Facility.
  • Stock consideration of 307,503 Class A shares was valued at $5.0 million based on a 30-trading-day VWAP.
  • The Purchase Agreement will be filed as an exhibit to the Form 10-Q for the quarter ending September 30, 2026; financial statements of the business acquired will follow by amendment.

The filing

CompanyRanger Energy Services, Inc. (RNGR)
Form8-K, current report
Filed with the SECOct 9, 2026, 6:32 AM ET
Accession number0001628280-26-065491

Items reported: 2.01 Acquisition or Disposition Completed

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 09, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.