Range Resources — Apr 21, 2026 release

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 million G&A expense: $0.17 - $0.18 per mcfe   $0.17 - $0.18 per mcfe Net Interest expense: $0.07 - $0.09 per mcfe   $0.07 - $0.09 per mcfe DD&A expense: $0.45 - $0.46 per mcfe   $0.45 - $0.46 per mcfe Net brokered gas marketing expense: $8 - $12 million   $8 - $12 milli