Range Resources — Apr 21, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000315852-26-000011
Showing in the filing
Dry Gas
“18”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 30
Estimated tax rate for FY2026
“approximately 21%”
Dry Gas for FY2026
“18”
Natural gas differential for FY2026
“($0.35) to ($0.45)”
Natural gas differential (including basis he… for FY2026
“($0.35) to ($0.45)”
NGL price for FY2026
“+$1.25 to +$2.50”
NGL price relative to Mont Belvieu equivalen… for FY2026
“+$1.25 to +$2.50”
Condensate differential for FY2026
“($10.00) to ($14.00)”
Condensate differential relative to NYMEX (W… for FY2026
“($10.00) to ($14.00)”
Share repurchase program availability
“$1.5 billion”
Liquids Rich for FY2026
“33”
Planned Wells TIL in 2026 - Liquids Rich for FY2026
“50”
Planned Wells TIL in 2026 - Dry Gas for FY2026
“18”
Total Appalachia for FY2026
“51”
Planned Wells TIL in 2026 - Total Appalachia for FY2026
“68”
Expected pre-hedge NGL price realization inc… for FY2026
“approximately $4.75 per barrel”
Incremental cash flow from NGL price increase for FY2026
“approximately $160 million”
All-in capital budget for FY2026
“$650 million - $700 million”
Annual production for FY2026
“approximately 2.35 - 2.40 Bcfe per day”
Liquids percentage of production for FY2026
“over 30%”
Direct operating expense for FY2026
“$0.12 - $0.13 per mcfe”
Transportation, gathering, processing and co… for FY2026
“$1.55 - $1.60 per mcfe”
Taxes other than income for FY2026
“$0.03 - $0.04 per mcfe”
Exploration expense for FY2026
“$22 - $28 million”
G&A expense for FY2026
“$0.17 - $0.18 per mcfe”
Net Interest expense for FY2026
“$0.07 - $0.09 per mcfe”
DD&A expense for FY2026
“$0.45 - $0.46 per mcfe”
Net brokered gas marketing expense for FY2026
“$8 - $12 million”
Natural Gas for FY2026
“NYMEX minus $0.35 to $0.45”
Natural Gas Liquids for FY2026
“MB plus $1.25 to $2.50 per barrel”
Oil/Condensate for FY2026
“WTI minus $10.00 to $14.00”
Exhibit 99.1 · the passage around this item
… earlier in the release
First Quarter 2026 Highlights – • Cash flow from operating activities of $619 million • Cash flow from operations, before working capital changes, of $545 million • Repurchased $27 million of shares, paid $24 million in dividends, and reduced net debt by $384 million • Capital spending was $139 million, approximately 21% of the annual 2026 budget • Realized price, including hedges, was $4.84 per mcfe • Natural gas differential, including basis hedging, of $0.18 per mcf premium to NYMEX • Pre-hedge NGL realizations of $26.62 per barrel, a premium of $4.41 over the Mont Belvieu equivalent • Production averaged 2.21 Bcfe per day, approximately 32% liquids Commenting on the results, Dennis Degner, the Company’s CEO said, “Range is off to a great start in 2026, showing steady progress executing the multi-year disciplined growth plan announced last year. First quarter 2026 results also highlighted the value of Range’s strategic marketing portfolio with access to premium markets in the U.S. and abroad as Range realized its highest natural gas premium in over a decade and a record quarterly NGL premium. The resulting strong free cash flow funded a growing dividend, continued share repurchases and the strongest balance sheet in Company history. We believe Range is increasingly well-positioned to serve growing local and global demand for U.S. natural gas and NGLs given our consistent operational results, low full-cycle cost structure, and high-return, long-life asset base.” Financial Discussion Except for generally accepted accounting principles (“GAAP”) reported amounts, specific expense categories exclude non-cash impairments, unrealized
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.