RNGR — what changed in the latest 10-Q
A section-by-section comparison of RNGR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-28 vs the prior 10-Q · 2026-04-28
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +43 | −13 | ~39 | 16 |
| Market risk (Item 3) | Text added/removed | +5 | −3 | ~1 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | +2 | −1 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-28
Market conditions across the oilfield services sector were mixed during the second quarter of 2026. Geopolitical developments and disruptions to global oil supply contributed to elevated commodity prices and continued market volatility. The Company expects customer activity to continue to be shaped …
The Company continues to monitor macroeconomic and industry developments that may affect demand for its services. During the second quarter of 2026, the West Texas Intermediate (“WTI”) crude oil spot price averaged approximately $96 per barrel, compared to approximately $72 per barrel during the fir…
$70 per barrel during the third quarter of 2026 before declining to approximately $66 per barrel during the fourth quarter of 2026. The EIA also forecast U.S. crude oil production to average approximately 13.7 million barrels per day in 2026.
Although commodity prices have been impacted by recent disruptions in the Middle East, the Company believes customers will continue to prioritize efficient production from existing wells and disciplined development activity. As a provider of production- and completion-oriented well services with sol…
other non‑cash and certain other items that we do not view as indicative of our ongoing performance. See “—Results of Operations” and “—Note Regarding Non‑GAAP Financial Measure” for more information and reconciliations of net income (loss) to Adjusted EBITDA, the most directly comparable financial …
Text removed vs the prior filing · source: 10-Q · 2026-04-28
Market conditions across the oilfield services sector remained mixed during the first quarter of 2026. While recent geopolitical events have increased volatility in commodity prices, the Company continues to expect customer activity to be shaped by operators’ longer-term capital discipline, basin-le…
The Company continues to monitor macroeconomic and industry developments that may affect demand for its services. The U.S. Energy Information Administration (“EIA”) noted in its March 2026 Short Term Energy Outlook that Brent crude oil prices are expected to remain above $95 per barrel in the near t…
Although near-term commodity prices have been impacted by recent disruptions in the Middle East, the Company believes customers will continue to prioritize efficient production from existing wells and disciplined development activity. As a provider of production- and completion-oriented well service…
offering is positioned to benefit from customer demand tied to maintaining and enhancing production. However, prolonged weakness in oil prices, sustained inflationary pressures, increased competitive pricing or reductions in customer capital spending could adversely affect utilization, pricing and f…
Three Months Ended March 31, 2026 compared to Three Months Ended March 31, 2025
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-07-28
These developments could affect commodity prices, customer activity levels and demand for the Company’s services. In the near term, commodity prices may remain elevated and volatile depending on the duration and extent of disruptions to global
oil production and transportation. Prolonged disruptions and higher energy prices, however, could adversely affect global economic growth and energy demand. Commodity prices and domestic production activity may also be influenced by U.S. trade and energy policies, OPEC+ production decisions and chan…
Changes in these conditions could affect the capital spending and operating decisions of the Company’s customers and could have a material effect on the Company’s operations, results of operations, cash flows and financial condition. The Company continues to monitor these evolving conditions and rem…
We are exposed to interest rate risk, primarily associated with our Wells Fargo Revolving Credit Facility, to fund operations. As of June 30, 2026, the Company had outstanding borrowings of $13.7 million under the Wells Fargo Revolving Credit Facility, with a weighted average rate of 5.7%. A hypothe…
The majority of our trade receivables generally have payment terms ranging from 30 to 60 days. As of June 30, 2026, the top three trade receivable balances represented approximately 47%, 16%, and 6%, respectively, of consolidated net accounts receivable. Within our High Specification Rigs segment, t…
Text removed vs the prior filing · source: 10-Q · 2026-04-28
These developments could affect commodity prices, customer activity levels and demand for the Company’s services. In the near term, commodity price movements remain uncertain and may be influenced by the extent to which U.S. tariff policies affect macroeconomic growth and energy demand, as well as b…
We are exposed to interest rate risk, primarily associated with our Wells Fargo Revolving Credit Facility, to fund operations. As of March 31, 2026, the Company had outstanding borrowings of $26.7 million under the Wells Fargo Revolving Credit Facility, with a weighted average rate of 5.8%. A hypoth…
The majority of our trade receivables have payment terms of 30 days or less. As of March 31, 2026, the top three trade receivable balances represented approximately 52%, 15%, and 4%, respectively, of consolidated net accounts receivable. Within our High Specification Rig segment, the top three trade…
Other information
Text added vs the prior filing · source: 10-Q · 2026-07-28
On May 18, 2026, Stuart N. Bodden, our President and Chief Executive Officer, adopted a written trading plan for the sale of our Class A Common Stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “Rule 10b5-1 Trading Plan”). Mr. Bodden’s R…
During the six months ended June 30, 2026, except for the Rule 10b5-1 Trading Plans adopted by Messrs. Hooker and Bodden as described above, none of the directors or executive officers of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,…
Text removed vs the prior filing · source: 10-Q · 2026-04-28
During the three months ended March 31, 2026, except for the Rule 10b5-1 Trading Plan adopted by Mr. Hooker as described above, none of the directors or executive officers of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as each ter…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice