Ranger Energy Services, Inc.

Processing Solutions and Ancillary Services

Processing Solutions and Ancillary Services segment revenue was $30.8 million in the third quarter of 2025, down $1.4 million, or 4%, from $32.2 million in the prior quarter and down $5.2 million, or 14% from $36.0 million for the prior year period. The decrease from the prior year period was largely attributable to reductions in operational activity within coil tubing which is completions focused and declines in our P&A service line year over year as customers have cut back on any non-essential spending. The decrease from the prior quarter was similarly attributable to activity declines in our coil tubing service and some contract roll-over delays in the Torrent service line offset by more recent improvements in P&A activity.

Operating income was $3.4 million in the third quarter of 2025, down from $6.6 million in the prior year period and from $4.5 million in the prior quarter. Adjusted EBITDA(1) was $5.5 million, down from $8.8 million in the prior year period and from $6.6 million in the prior quarter.