Range Resources — Apr 21, 2026 release

        Wells TIL 1Q 2026   Remaining 2026   Planned Wells TIL in 2026 Liquids Rich 17 33   50 Dry Gas 0 18   18 Total Appalachia 17 51   68   Guidance – 2026   Based on recent strip pricing, Range’s expected pre-hedge NGL price realization in 2026 has increased by approximately $4.75 per barrel relative to strip pricing in February. Higher realized NGL prices will result in slightly higher processing costs versus prior guidance, as Range’s processing costs are based on NGL revenue. Net of price-linked processing costs, the increase in forecasted NGL prices is expected to add approximately $160 million in cash flow for Range versus prior expectations, demonstrating margin expansion with rising NGL prices. Updated guidance for NGL pricing and GP&T expense can be found below.   Capital & Production Guidance   Range’s 2026 all-in capital budget is $650 million - $700 million. Annual production is expected to be approximately 2.35 - 2.40 Bcfe per day in 2026. Liquids are expected to be over 30% of production.     Updated Full Year 2026 Expense Guidance     Updated Guidance   Prior Guidance Direct operating expense: $0.12 - $0.13 per mcfe   $0.12 - $0.13 per mcfe Transportation, gathering, processing and compression expense (GP&T): $1.55 - $1.60 per mcfe   $1.50 - $1.55 per mcfe Taxes other than income: $0.03 - $0.04 per mcfe   $0.03 - $0.04 per mcfe Exploration expense: $22 - $28 million   $22 - $28 milli