Range Resources — Apr 21, 2026 release

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 2026 drilling and completion expenditures were $130 million. In addition, during the quarter, approximately $5 million was invested in acreage, and $4 million was invested in infrastructure, pneumatic upgrades, and other investments. First quarter capital spending represented approximately 21% of Range’s total capital budget in 2026.   During the quarter, Range drilled ~143,000 lateral feet across 9 wells, while turning to sales ~267,000 feet across 17 wells. The table below summarizes expected 2026 activity plans regarding the number of wells to sales in each area.         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