In October 2025 , we committed to a plan to scrap 30 rigs and auxiliary equipment within our North America Solutions segment and three rigs within our Offshore Solutions segment as part of our strategy to right size our fleet and reduce expenses.

filing / Aug 6, 2026 / receipt

Restructuring charges 393 1,849 (78.7) Segment operating income $ 140,312 $ 157,649 (11.0) Financial Data and Other Operating Statistics 1 : Direct margin (Non-GAAP) 2 $ 241,216 $ 266,172 (9.4) Revenue days 3 12,921 13,400 (3.6) Average active rigs 4 142 147 (3.4) Number of active rigs at the end of period 5 147 141 4.3 Number of available rigs at the end of period 202 224 (9.8) Reimbursemen

filing / Aug 6, 2026 / receipt

Restructuring charges 498 380 31.1 Segment operating loss $ (54,428) $ (166,513) 67.3 Financial Data and Other Operating Statistics 1 : Direct margin (Non-GAAP) 2 $ 31,053 $ 34,108 (9.0) Revenue days 3 5,950 6,573 (9.5) Average active rigs 4 65 72 (9.7) Number of active rigs at the end of period 5 66 69 (4.3) Number of available rigs at the end of period 127 137 (7.3) Reimbursements of "out-of

filing / Aug 6, 2026 / receipt

In October 2025 , we committed to a plan to scrap 30 rigs and auxiliary equipment within our North America Solutions segment and three rigs within our Offshore Solutions segment as part of our strategy to right size our fleet and reduce expenses.

filing / May 7, 2026 / receipt

Restructuring charges 402 - - Segment operating income $ 111,334 $ 151,943 (26.7) Financial Data and Other Operating Statistics 1 : Direct margin (Non-GAAP) 2 $ 215,207 $ 265,621 (19.0) Revenue days 3 12,208 13,416 (9.0) Average active rigs 4 136 149 (8.7) Number of active rigs at the end of period 5 137 150 (8.7) Number of available rigs at the end of period 203 224 (9.4) Reimbursements of

filing / May 7, 2026 / receipt

Restructuring charges 302 - - Segment operating loss $ (99,612) $ (34,983) (184.7) Financial Data and Other Operating Statistics 1 : Direct margin (Non-GAAP) 2 $ 11,495 $ 26,926 (57.3) Revenue days 3 5,492 6,198 (11.4) Average active rigs 4 61 69 (11.6) Number of active rigs at the end of period 5 64 76 (15.8) Number of available rigs at the end of period 130 153 (15.0) Reimbursements of "out-

filing / May 7, 2026 / receipt

Focused on Enterprise Optimization to structurally lower costs

ir_statement / Sep 15, 2026 / receipt

Maintained FY’26 capex guidance even with higher activity

ir_statement / Sep 15, 2026 / receipt

Reduction in estimated FY’261 SG&A vs. FY’25

ir_statement / Sep 15, 2026 / receipt

Targeting $40M+ reduction in corporate costs by YE’27 vs. FY'262

ir_statement / Sep 15, 2026 / receipt

Several portfolio & organizational programs underway to enhance execution, cost structure & deliver on de-leveraging

ir_statement / Sep 15, 2026 / receipt

Acquisition transaction and integration costs

ir_statement / Sep 15, 2026 / receipt