Ranger Energy Services, Inc.

COMPANY OVERVIEW AND BUSINESS STRATEGY

Ranger is the leading provider of onshore high-specification well service rigs, cased hole wireline operations, and processing solutions, along with related services, in the U.S. oil and gas sector. Our offerings cover a comprehensive suite of well site services throughout every stage of a well’s lifecycle, including completion, production, maintenance, intervention, workover, and abandonment.

Our strategy centers on advancing technology, broadening our service portfolio, and upholding a strong commitment to sustainability. By focusing on priority markets and continually enhancing operational efficiency, Ranger seeks to reinforce its competitive position and support long-term growth.

During the last five years, the Company has placed significant focus on acquiring and integrating assets and associated operations with a focus on acquiring high-quality, complementary well-service assets at attractive valuations. Our most recent acquisition in November of 2025 of American Well Services (“AWS”) increased our rig count by approximately 25% and made us the largest well-services provider in the Lower 48. Through these acquisitions and their subsequent integrations, Ranger has refined its strategies and processes to support performance and expects acquisitions to remain a key driver of future growth.

2025 IN REVIEW

1 Free Cash Flow is a non-GAAP financial measure. Please refer to Annex A for more information about this measure, as well as a reconciliation of GAAP to non-GAAP financial measures.

SUSTAINABILITY AND SAFETY HIGHLIGHTS

Ranger’s ECHO hybrid electric rigs represent a significant advancement in well servicing technology, prioritizing both environmental responsibility and operational safety. Designed to deliver measurable emissions reductions, the ECHO hybrid electric rigs integrate innovative engineering solutions that we anticipate will enable significant decreases in our Scope 1 greenhouse gas emissions. These anticipated reductions stem from improved fuel efficiency, electrification of key components, and optimized workflows that minimize energy consumption.

Safety remains paramount, highlighted by the deployment of our Overwatch camera system, which provides real-time monitoring of critical rig operations to enhance situational awareness and reduce the risk of accidents. Complementing this, Ranger deploys advanced safety applications that facilitate immediate reporting and corrective actions. Such actions contribute to key employee health and safety statistics and strategies, which include a consistently low recordable injury rate and comprehensive safety training programs.

Ranger’s dedication to excellence has been recognized through industry awards for innovation and safety, underscoring its leadership in safety performance. Strong governance practices, characterized by ethical oversight and transparent reporting, further reinforce Ranger’s reputation as a responsible industry leader.

For more information on our related initiatives, please see our most recent Sustainability report on www.rangerenergy.com. This Proxy Statement includes website addresses and references to additional materials found on those websites, including www.rangerenergy.com. These websites and materials are not incorporated by reference herein.

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