Range Resources — Apr 22, 2025 release

    The following table details Range’s average production and realized pricing for first quarter 2025 (a) :     1Q25 Production & Realized Pricing   Natural Gas (mcf)   Oil (bbl)   NGLs (bbl)   Natural Gas Equivalent (mcfe)           Net production per day   1,510,705   4,706   110,222   2,200,276                   Average NYMEX price $ 3.66   $71.40   $ 26.74     Differential, including basis hedging (0.15)   (10.28)     1.05     Realized prices before NYMEX hedges 3.51   61.12   27.79   3.93 Settled NYMEX hedges 0.13   0.60   (0.04)   0.09 Average realized prices after hedges $ 3.64   $ 61.72   $ 27.75   $ 4.02   (a) Totals may not be exact due to rounding     First quarter 2025 natural gas, NGLs and oil price realizations (including the impact of cash-settled hedges and derivative settlements) averaged $4.02 per mcfe.   • The average natural gas price, including the impact of basis hedging, was $3.51 per mcf, or a ($0.15) per mcf differential to NYMEX. Range continues to expect its 2025 natural gas differential to average ($0.40) to ($0.48) relative to NYMEX. • Range’s pre-hedge NGL price during the quarter was $27.79 per barrel, approximately $1.05 above the Mont Belvieu weighted equivalent. Range is improving its full-year NGL price guidance to a range of +$0.25 to +$1.25 relative to a Mont Belvieu equivalent barrel. • Crude oil and condensate price realizations, before realized hedges, averaged $61.12 per barrel, or $10.28 below WTI (West Texas Intermediate). Range continues to expect its 2025 condensate differential to average ($10.00) to ($15.00) relative to NYMEX.           Financial Position and Repurchase Activity   As of March 31, 2025, Range had net debt outstanding of approximately $1.36 billion, consisting of $1.71 billion of senior notes and $345 million in cash. During the first quarter, Range repurchased in the open market $2.2 million principal amount of 4.875% senior notes due 2025 at a discount.   During the quarter, Range repurchased 1,826,562 shares at an average price of approximately $36.97 per share. As of March 31, 2025, the Company had approximately $949 million of availability under the share repurchase program.     Capital Expenditures and Operational Activity   First quarter 2025 drilling and comple