Ranger Energy Services (RNGR) Proxy filing summary

Executive summary

• Achieved strong 2025 financial results: $546.9M revenue, $12.3M net income, $73.2M Adjusted EBITDA, $42.9M free cash flow, and $69.0M net cash from operations.

• Acquired American Well Services in November 2025, expanding market leadership and service offerings.

• Returned over 40% of 2025 free cash flow to investors via dividends and share repurchases.

• Launched ECHO hybrid electric rigs for zero-emission operations and invested in advanced safety systems.

• Entered 2026 with a strengthened platform, disciplined financial approach, and focus on technology and safety.

Voting matters and shareholder proposals

• Proposal 1: Elect Class II directors Stuart N. Bodden and Sean Woolverton for terms expiring 2029.

• Proposal 2: Ratify Grant Thornton LLP as independent auditor for 2026.

• Proposal 3: Non-binding approval of 2025 executive compensation (say-on-pay).

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of five members, divided into three staggered classes.

• Four of five directors are independent; separation of CEO and Chairman roles.

• Committees: Audit, Compensation, Nominating and Governance, all with independent members.

• Board refreshment: 40% new directors in 2024; average age 63; 100% industry experience.

• Annual self-evaluation, succession planning, and adherence to NYSE governance standards.