Ranger Energy Services, Inc. · NYSE:RNGR
Ranger Energy Services — Merger or Acquisition (August 2026)
12 slides from Ranger Energy Services's merger presentation, August 2026
Slide 1: US Coil Asset Acquisition Overview
August 2026 US Coil Asset Acquisition Overview
Slide 2: Important Disclosures
Important Disclosures Forward-Looking Statements: Certain statements contained in this presentation constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements,
Slide 3: Transaction Summary
Transaction Summary Accretive & Opportunistic Asset Transaction that Significantly Grows Ranger’s Existing Coiled Tubing Business and Meaningfully Expands the Ranger Platform Favorable Transaction Structure Approximately $27.5 million purchase price funded through a combination of 1 $22.5 million ca
Slide 4: Strategic Overview
Strategic Overview Establishes Ranger as one of the largest coiled tubing operators by unit count, with an emphasis on large diameter and extended reach tubing strings essential to service longer laterals on modern wells Lower 48 Active Large Diameter Coiled Tubing Units(1) Grow Market Leading Posit
Slide 5: Technological Advantage
Technological Advantage The transaction includes STEP’s Ultra High-Capacity 35K’ reel trailer as well as access to the intellectual property associated with the Coil+ split string technology Coil+ Split String Technology Ultra High-Capacity Reel Trailer 65+ 98% 30+ Wells Success rate Wells completed
Slide 6: Coiled Tubing Market Landscape & Opportunity
Coiled Tubing Market Landscape & Opportunity US Total Addressable Market (TAM) (1) Pro forma Ranger Coil market share $ in millions CTP represents 14% of the US space and ~15% $1,642 $1,615 is expected to become the second All Others $1,473 largest Coiled Tubing provider by ~35% Ranger/STEP $1,381 r
Slide 7: Financial Profile
Financial Profile Ranger Coiled Tubing Financial Profile (1) (2) $ in millions $110+ Management continues to expect approximately $100 million of EBITDA in 2026 with relatively small contribution from the $60-80 acquired STEP assets in 2026 as integration ~ $40 commences. ~$35 ~$35 $15+ $8 $7 $5 $6-
Slide 8: Strategic Rationale
Strategic Rationale Meaningful Market Leader: Ranger Coiled Tubing becomes the 2nd 1 largest coiled tubing provider in the Lower 48 in a segment that has started to consolidate with room left to grow Technology Platform & Asset Condition: Access to advanced technology with well maintained assets and
Slide 9: APPENDIX
ENERGY SERVICES APPENDIX
Slide 10: Non-GAAP Reconciliation: Adjusted EBITDA ($MM)
Non-GAAP Reconciliation: Adjusted EBITDA ($MM) Processing High Solutions and Specification Wireline Ancillary Rigs Services Services Other Total Year Ended December 31, 2025 Net income (loss) $ 46.0 $ (13.9) $ 14.1 $ (33.9) $ 12.3 Interest expense, net — — — 1.2 1.2 Income tax expense — — — 5.5 5.5
Slide 11: Non-GAAP Reconciliation: Adjusted EBITDA ($MM)
Non-GAAP Reconciliation: Adjusted EBITDA ($MM) Processing High Solutions and Specification Wireline Ancillary Rigs Services Services Other Total Year Ended December 31, 2024 Net income (loss) $ 46.8 $ (8.5) $ 17.8 $ (37.7) $ 18.4 Interest expense, net — — — 2.6 2.6 Income tax expense — — — 7.6 7.6 D
Slide 12: Non-GAAP Reconciliation: Adjusted EBITDA ($MM)
Non-GAAP Reconciliation: Adjusted EBITDA ($MM) Processing High Solutions and Specification Wireline Ancillary Rigs Services Services Other Total Year Ended December 31, 2023 Net income (loss) $ 44.0 $ 7.1 $ 15.5 $ (42.8) $ 23.8 Interest expense, net — — — 3.5 3.5 Income tax expense — — — 7.2 7.2 Dep
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