HighGravityDataRange Resources — Apr 22, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000950170-25-057068
Showing in the filing
Taxes other than income
“$0.03 - $0.04 per mcfe”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 25
SW PA Dry for FY2025
“5”
NE PA Dry for FY2025
“4”
Natural gas differential to NYMEX for FY2025
“($0.40) to ($0.48) relative to NYMEX”
NGL price relative to Mont Belvieu for FY2025
“+$0.25 to +$1.25 relative to a Mont Belvieu equivalent barrel”
Condensate differential for FY2025
“($10.00) to ($15.00)”
Condensate differential to NYMEX for FY2025
“($10.00) to ($15.00) relative to NYMEX”
Share repurchase program availability
“approximately $949 million”
Exit 2025 surplus lateral feet inventory for FY2025
“~400,000 lateral feet of surplus inventory”
SW PA Wet for FY2025
“19”
Total Wells for FY2025
“36”
Total Wells - 2025 Planned TIL for FY2025
“46”
All-in capital budget for FY2025
“$650 million - $690 million”
Annual production for FY2025
“approximately 2.2 Bcfe per day”
Liquids 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 for FY2025
“NYMEX minus $0.40 to $0.48”
Natural Gas Liquids for FY2025
“MB plus $0.25 to $1.25 per barrel”
Oil/Condensate 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
Updated 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 $0.25 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 volati
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.