HighGravityDataRange Resources — Jul 21, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000315852-26-000018
Showing in the filing
Liquids Rich
“19”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 25
Dry Gas for FY2026
“11”
NGL price for FY2026
“+$2.00 to +$2.50”
NGL price relative to Mont Belvieu equivalen… for FY2026
“+$2.00 to +$2.50”
Condensate differential to WTI for FY2026
“($10.00) to ($12.00)”
Share repurchase program availability
“$1.4 billion”
Liquids Rich for FY2026
“19”
Planned Wells TIL in 2026 - Liquids Rich for FY2026
“50”
Planned Wells TIL in 2026 - Dry Gas for FY2026
“18”
Total Appalachia for FY2026
“30”
Planned Wells TIL in 2026 - Total Appalachia for FY2026
“68”
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 price differential for FY2026
“NYMEX minus $0.35 to $0.40”
Natural Gas Liquids price differential for FY2026
“MB plus $2.00 to $2.50 per barrel”
Oil/Condensate price differential for FY2026
“WTI minus $10.00 to $12.00”
Estimated tax rate for FY2026
“approximately 21%”
Exhibit 99.1 · the passage around this item
… earlier in the release
The table below summarizes expected 2026 activity plans regarding the number of wells to sales in each area.
Wells TIL 1H 2026
Remaining 2026
Planned Wells TIL in 2026
Liquids Rich
31
19
50
Dry Gas
7
11
18
Total Appalachia
38
30
68
Guidance – 2026 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.
Full Year 2026 Expense Guidance
Direct operating expense:
$0.12 - $0.13 per mcfe
Transportation, gathering, processing and compression expense (GP&T):
$1.55 - $1.60 per mcfe
Taxes other than income:
$0.03 - $0.04 per mcfe
Exploration expense:
$22 - $28 million
G&A expense:
$0.17 - $0.18 per mcfe
Net Interest expense:
$0.07 - $0.09 per mcfe
DD&A expense:
$0.45 - $0.46 per mcfe
Net brokered gas marketing expense:
$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 mi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.