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
Transportation, gathering, processing and compression expense (GP&T)
“$1.55 - $1.60 per mcfe”
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
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 million
Updated Full Year 2026 Price Guidance Based on recent market indications, Range expects to average the following price differentials for its production in 2026.
Updated Guidance
Prior Guidance
FY 2026 Natural Gas: (1)
NYMEX minus $0.35 to $0.45
NYMEX minus $0.35 to $0.45
FY 2026 Natural Gas Liquids: (2)
MB plus $1.25 to $2.50 per barrel
MB plus $0.00 to $1.00 per barrel
FY 2026 Oil/Condensate:
WTI minus $10.00 to $14.00
WTI minus $10.00 to $14.00
(1) Including basis hedging (2) Mont Belvieu-equivalent pricing based on weighting of 53% ethane, 27% propane, 8% normal butane, 4%
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.