Range Resources — Oct 22, 2024 release

Two wells in northeast Pennsylvania originally scheduled to turn-in-line (TIL) in mid-2024 have been completed but are now scheduled to TIL in early 2025 to maximize water recycling savings and take advantage of expected natural gas price improvements.         YTD Wells TIL 3Q 2024   Remaining 2024   2024 Planned TIL SW PA Super-Rich 9 —   9 SW PA Wet 18 9   27 SW PA Dry 3 8   11 NE PA Dry     —   —   — Total Wells 30 17   47     Financial Position and Repurchase Activity   As of September 30, 2024, Range had net debt outstanding of approximately $1.44 billion, consisting of $1.72 billion of senior notes and $277 million in cash. During the third quarter, Range repurchased in the open market $3.0 million principal amount of 4.875% senior notes due 2025 at a discount.   During the third quarter, Range repurchased 800,000 shares at an average price of approximately $30.10. The Company has approximately $1.0 billion of availability under the share repurchase program.     Guidance – 2024   Updated Capital & Production Guidance   Range’s 2024 all-in capital budget is $645 million - $670 million. Annual production is now expected to be ~2.17 Bcfe per day for 2024, an increase of approximately 2% over the last three years of maintenance as a result of well performance and optimized gathering and compression. Liquids are expected to be over 30% of production.     Updated Full Year 2024 Expense Guidance   Direct operating expense: $