RNGR · 10-Q · 2026Q1 · Full report

Capital Return Program

Ranger Energy Services, Inc. · 2026-04-28 · Importance 48 · Surprise 14

Ranger's share repurchase program was initially authorized in March 2023 for up to $35.0 million and expanded on March 4, 2024 by $50.0 million to a total $85.0 million authorization. During Q1 2026 the Company repurchased 38,700 shares for $0.5 million, and since program inception 4,358,900 shares have been repurchased for $47.7 million, leaving $37.6 million available under the repurchase authorization as of March 31, 2026. The Company also maintains a quarterly dividend, which was increased to $0.06 per share in 2025; as of March 31, 2026, $1.4 million of dividends were declared and unpaid and were included in other current liabilities. Management stated that future dividend and repurchase activity will depend on business conditions, debt agreements and liquidity, and may be suspended or discontinued.

Key facts

• As of March 31, 2026, $37.6 million remained available under the Company’s aggregate $85.0 million share repurchase program authorization.
• As of March 31, 2026, an aggregate of 4,358,900 shares of Class A Common Stock were purchased for a total of $47.7 million, net of tax, since the inception of the repurchase program announced on March 7, 2023.
• The Company initiated a quarterly dividend of $0.05 per share in 2023 and increased the quarterly dividend to $0.06 per share in 2025.
• The Board of Directors approved an initial share repurchase program authorizing up to $35.0 million of Class A Common Stock in March 2023 for up to 36 months and approved an additional $50.0 million authorization on March 4, 2024, bringing total authorization to $85.0 million.
• As of March 31, 2026, $1.4 million of dividends were declared and unpaid and were included in Other current liabilities.
• The Company repurchased 38,700 shares of Class A Common Stock for a total of $0.5 million, net of tax, during the three months ended March 31, 2026.