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Range Resources — Feb 25, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000950170-25-027692
Open on SEC.gov ↗
Showing in the filing
SW PA Dry
“5”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 55
NE PA Dry for FY2025
“4”
SW PA Dry for FY2025
“5”
Net Zero Scope 1 and 2 GHG emissions expecta… for FY2024
“Expect to achieve Net Zero for 2024 Scope 1 and 2 GHG emissions”
All-in capital budget for FY2025
“$650 to $690 million”
All-in maintenance capital including land an… for FY2025
“Approximately $530 million”
Drilling and completion capital for future g… for FY2025
“$70 - $100 million”
Targeted acreage (increases planned lateral … for FY2025
“Up to $30 million”
Targeted acreage investment for FY2025
“Up to $30 million”
Pneumatic devices and facility upgrades capi… for FY2025
“Approximately $20 - $30 million”
Annual production target for FY2025
“approximately 2.2 Bcfe per day”
Drilling rigs planned for FY2025
“two”
Frac crew planned for FY2025
“one”
Emissions reduction (pneumatic/facility upgr… for FY2026
“$50 - $60 million”
Lateral feet turned to sales
“approximately 600,000”
Lateral feet turned to sales to maintain cur…
“approximately 600,000 lateral feet”
Planned Wells TIL in 2025 - SW PA Dry for FY2025
“5”
Planned Wells TIL in 2025 - NE PA Dry for FY2025
“4”
Planned Wells TIL in 2025 - SW PA Super-Rich for FY2025
“14”
SW PA Super-Rich for FY2025
“14”
Planned Wells TIL in 2025 - SW PA Wet for FY2025
“23”
SW PA Wet for FY2025
“23”
Planned Wells TIL in 2025 - Total Appalachia for FY2025
“46”
Total Appalachia for FY2025
“46”
Daily production level for FY2027
“2.6 Bcfe”
Three-year outlook daily production target for FY2027
“2.6 Bcfe”
Annual capital expenditures for FY2025
“$650 to $700 million”
Annual estimated capital expenditures for FY2024
“$650 to $700 million”
Three-year outlook annual capital expenditures for FY2024
“$650 to $700 million”
Reinvestment rate
“below 50%”
Reinvestment rate (three-year outlook, assum…
“below 50%”
Core Marcellus inventory duration for FY2027
“30+ years”
Annual drilling and completion capital (main… for FY2024
“approximately $570 million”
Annual drilling and completion capital to ma… for the long term
“approximately $570 million”
Drilling and completion capital equivalent
“approximately $0.60 per mcfe”
Processing capacity secured (Harmon Creek fa… for FY2026
“300 Mmcf per day”
Gas transportation capacity secured for FY2026
“250 Mmcf per day”
NGL takeaway and export capacity secured for FY2026
“20,000 bbl per day”
Natural gas price differential for FY2025
“($0.40) to ($0.48) relative to NYMEX”
NGL price differential for FY2025
“+$0.00 to +$1.25 relative to a Mont Belvieu equivalent barrel”
Condensate price differential for FY2025
“($10.00) to ($15.00) relative to NYMEX”
Share repurchase program availability
“approximately $1.0 billion”
Quarterly cash dividend increase
“a 12.5% increase to the quarterly cash dividend to $0.09 per share”
Quarterly cash dividend
“$0.09 per share”
Liquids as a percentage of production for FY2025
“over 30%”
Direct operating expense for FY2025
“$0.12 - $0.14 per mcfe”
Transportation, gathering, processing and co… for FY2025
“$1.50 - $1.55 per mcfe”
Taxes other than income for FY2025
“$0.03 - $0.04 per mcfe”
Exploration expense for FY2025
“$24 - $28 million”
G&A expense for FY2025
“$0.17 - $0.19 per mcfe”
Net Interest expense for FY2025
“$0.12 - $0.13 per mcfe”
DD&A expense for FY2025
“$0.45 - $0.46 per mcfe”
Net brokered gas marketing expense for FY2025
“$8 - $12 million”
Natural Gas price for FY2025
“NYMEX minus $0.40 to $0.48”
Natural Gas Liquids price for FY2025
“MB plus $0.00 to $1.25 per barrel”
Oil/Condensate price for FY2025
“WTI minus $10.00 to $15.00”
Exhibit 99.1 · the passage around this item
EXHIBIT 99.1 NEWS RELEASE Range Announces Fourth Quarter 2024 Results and Three-Year Outlook   FORT WORTH, TEXAS, February 25, 2025…RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its fourth quarter 2024 financial results, plans for 2025, and a three-year outlook through 2027.   Full-Year 2024 Highlights –   • Cash flow from operating activities of $945 million • Cash flow from operations, before working capital changes, of $1.1 billion • Reduced net debt by $172 million, returned $77 million in dividends, and invested $65 million in share repurchases • Production averaged 2.18 Bcfe per day, approximately 68% natural gas • All-in capital spending of $654 million, or $0.82 per mcfe • Pre-hedge NGL realizations of $25.77 per barrel – premium of $2.33 over the Mont Belvieu equivalent • Proved reserves of 18.1 Tcfe with positive performance revisions for 17th consecutive year • Debt to EBITDAX of 1.2x (Non-GAAP) at year-end 2024 • Expect to achieve Net Zero for 2024 Scope 1 and 2 GHG emissions • Maintenance capital improved by ~$50 million on strong well performance and infrastructure optimization   Dennis Degner, the Company’s CEO, commented, “Last year demonstrated the resilience of Range’s business as we successfully generated free cash flow, returned capital to share
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.