HighGravityDataRange 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
Natural gas differential
“($0.35) to ($0.45)”
Period
FY2026
Measure
Company-defined measure
Source
Prose
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
The following table details Range’s average production and realized pricing for first quarter 2026 (a) :
1Q26 Production & Realized Pricing
Natural Gas (mcf)
Oil (bbl)
NGLs (bbl)
Natural Gas Equivalent (mcfe)
Net production per day
1,508,842
8,239
108,193
2,207,436
Average NYMEX price
$ 4.97
$ 73.98
$ 22.21
Differential, including basis hedging
0.18
(10.68)
4.41
Realized prices before NYMEX hedges
5.15
63.30
26.62
5.06
Settled NYMEX hedges
(0.31)
(4.89)
0.00
(0.23)
Average realized prices after hedges
$ 4.85
$ 58.41
$ 26.62
$ 4.84
(a) Totals may not add due to rounding First quarter 2026 natural gas, NGLs and oil price realizations (including the impact of cash-settled hedges and derivative settlements) averaged $4.84 per mcfe. • The average natural gas price, including the impact of basis hedging, was $5.15 per mcf, or a $0.18 per mcf premium differential to NYMEX. Range continues to expect its 2026 natural gas differential to average ($0.35) to ($0.45) relative to NYMEX. • Range’s pre-hedge NGL price during the quarter was $26.62 per barrel, approximately $4.41 above the Mont Belvieu weighted equivalent. Range is improving its full-year NGL price guidance to a range of +$1.25 to +$2.50 relative to a Mont Belvieu equivalent barrel. • Crude oil and condensate price realizations, before realized hedges, averaged $63.30 per barrel, or $10.68 below WTI (West Texas Intermediate). Range continues to expect its 2026 condensate differential to average ($10.00) to ($14.00) relative to NYMEX.
Financial Position and Repurchase Activity In January 2026, Range fully redeemed the $600 million principal balance of 8.25% senior notes due 2029 by borrowing on the Company’s bank credit facility. As of March 31, 2026, Range had net debt outstanding of approximately $834 million, consisting of $500 million of senior notes and $334 million on the credit facility. During the quarter, Range repurchased 800,000 shares at an average price of approximately $33.91 per share. As of March 31, 2026, the Company had $1.5 billion of availability under the share repurchase program. Capital Expenditures and Operational Activity First quarter
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.