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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
G&A expense
“$0.17 - $0.19 per mcfe”
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
… earlier in the release
    Full Year 2025 Expense Guidance   Direct operating expense: $0.12 - $0.14 per mcfe Transportation, gathering, processing and compression expense: $1.50 - $1.55 per mcfe Taxes other than income: $0.03 - $0.04 per mcfe Exploration expense: $24 - $28 million G&A expense: $0.17 - $0.19 per mcfe Net Interest expense: $0.12 - $0.13 per mcfe DD&A expense: $0.45 - $0.46 per mcfe Net brokered gas marketing expense: $8 - $12 million     Full Year 2025 Price Guidance   Based on recent market indications, Range expects to average the following price differentials for its production in 2025.   FY 2025 Natural Gas: (1) NYMEX minus $0.40 to $0.48 FY 2025 Natural Gas Liquids: (2) MB plus $0.00 to $1.25 per barrel FY 2025 Oil/Condensate: WTI minus $10.00 to $15.00   (1) Including basis hedging (2) Mont Belvieu-equivalent pricing based on weighting of 53% ethane, 27% propane, 8% normal butane, 4% iso-butane and 8% natural gasoline.     Hedging Status   Range hedges portions of its expected future production volumes to increase the predictability of cash flow and maintain a strong, flexible financial position. Please see the detailed hedging schedule posted on the Range website under Investor Relations - Financial Information.   Range has also hedged basis across the Company’s numerous natural gas sales points to limit volatility between benchmark and regional prices. The combined fair val
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.