Ranger Energy signs contract to build and deploy 15 ECHO Hybrid Electric Rigs for core customer

Ranger Energy Services, Inc.

Contract with a core customer for construction and deployment of 15 ECHO Hybrid Electric Rigs.
Includes shared capital costs and minimum hourly commitments in future periods.
First Rig expected delivery Q3 2026; all 15 Rigs anticipated deployed before end of 2027.
Contract entered January 16, 2026 through subsidiary Ranger Energy Services, LLC.
New rigs are hybrid electric, signaling fleet modernization and long-term customer commitment.

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