RNGR · 10-Q · 2026Q1 · Full report

Capital Expenditure Guidance

Ranger Energy Services, Inc. · 2026-04-28 · Importance 77 · Surprise 82

Net cash used in investing activities increased $11.2 million to $17.3 million in Q1 2026 from $6.1 million in Q1 2025, driven primarily by increased construction in progress for build out of ECHO hybrid rigs. The company added fixed assets of $1.3 million during Q1 2026, primarily related to finance leased assets across all operating segments. Management expects to fund maintenance and growth capital from cash from operations and borrowings under its credit facilities over the near term. The increase in investing outflows reflects a deliberate investment in ECHO hybrid rigs during the three months ended March 31, 2026.

Key facts

• The increase in cash used in investing activities was largely attributable to increases in construction in progress for the build out of ECHO hybrid rigs.
• Net cash used in investing activities was $17.3 million for the three months ended March 31, 2026 compared to $6.1 million for the three months ended March 31, 2025, an increase in cash used of $11.2 million.
• During the three months ended March 31, 2026, the Company added fixed assets of $1.3 million primarily related to finance leased assets across all operating segments.

Impact estimates