Range Resources — Apr 22, 2025 release

  First Quarter 2025 Highlights –   • Cash flow from operating activities of $330 million • Cash flow from operations, before working capital changes, of $397 million • Repurchased $68 million of shares, paid $22 million in dividends, and reduced net debt by $42 million • Capital spending was $147 million, approximately 22% of the annual 2025 budget • Realized price, including hedges, was $4.02 per mcfe • Natural gas differential, including basis hedging, of ($0.15) per mcf to NYMEX • Pre-hedge NGL realizations of $27.79 per barrel – a premium of $1.05 over Mont Belvieu equivalent • Production averaged 2.20 Bcfe per day, approximately 69% natural gas • Strategic collaboration to supply natural gas to potential data center and industrial development in Pennsylvania     Commenting on the results, Dennis Degner, the Company’s CEO said, “Range is off to a great start in 2025 with efficient operations, consistent well performance and strong free cash flow. Our solid financial results supported increased returns of capital to shareholders alongside further bolstering of the balance sheet. As demand for natural gas and NGLs increases and in-basin demand opportunities continue to materialize, we believe Range is well positioned given our growing in-process inventory, consistent well results, and high-return, long-life assets measured in decades.”   Financial Discussion   Except for generally accepted accounting principles (“GAAP”) reported amoun