Exhibit 99.1 NEWS RELEASE Range Announces Second Quarter 2025 Results FORT WORTH, TEXAS, July 22, 2025…RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter 2025 financial results. Second Quarter 2025 Highlights – • Cash flow from operating activities of $336 million • Cash flow from operations, before working capital changes, of $301 million • Repurchased $53 million of shares, paid $21 million in dividends, and reduced net debt to $1.2 billion • Capital spending was $154 million, approximately 23% of the annual 2025 budget • Realized price, including hedges, was $3.49 per mcfe • Natural gas differential, including basis hedging, of ($0.50) per mcf to NYMEX • Pre-hedge NGL realizations of $23.73 per barrel – a premium of $0.61 over Mont Belvieu equivalent • Production averaged 2.20 Bcfe per day, approximately 68% natural gas • Improved 2025 production guidance and increased expected lateral footage in year-end inventory, while lowering 2025 capital due to operational efficiencies. Commenting on the results, Dennis Degner, the Company’s CEO said, “This year is off to a great start with another quarter of efficiency gains and consistent well performance driving strong free cash flow and building operational momentum. Our strong financial results supported $74 million in share repurchases and dividends, while lowering net debt to $1.2 billion. We believe Range is well positioned to benefit as in-basin demand opportunities materialize alongside a global call on natural gas. Range is one of the few producers in Appalachia with sufficient high-quality inventory to support the required growth in baseload supply. Further, Range’s continued efficiencies are supported by our countercyclical investments in drilled inventory over the last 18 months and consistent well results. Importantly, we intend to help meet future demand increases while also returning significant capital to shareholders.” Financial Discussion Except for generally accepted accounting principles (“GAAP”) reported amounts, specific expense categories exclude non-cash impairments, unrealized mark-to-market adjustment on derivatives, non-cash stock compensation and other items shown separately on the attached tables. “Unit costs” as used in this release are composed of direct operating, transportation, gathering, processing and compression, taxes other than income, general and administrative, interest and depletion, depreciation and amortization costs divided by production. See “Non-GAAP Financial Measures” for a definition of non-GAAP financial measures and the accompanying tables that reconcile each non-GAAP measure to its most directly comparable GAAP financial measure. Second Quarter 2025 Results GAAP revenues and other income for second quarter 2025 totaled $856 million, GAAP net cash provided from operating activities (including changes in working capital) was $336 million, and GAAP net income was $238 million ($0.99 per diluted share). Second quarter earnings results include a $155 million mark-to-market derivative gain due to decreases in commodity prices. Cash flow from operations before changes in working capital, a non-GAAP measure, was $301 million. Adjusted net income comparable to analysts’ estimates, a non-GAAP measure, was $158 million ($0.66 per diluted share) in second quarter 2025. The following table details Range’s second quarter 2025 unit costs per mcfe (a) : Expenses 2Q 2025 (per mcfe) 2Q 2024 (per mcfe) Increase (Decrease) Direct operating (a) $ 0.11 $ 0.11 0% Transportation, gathering, processing and compression (a) 1.52 1.44 6% Taxes other than income 0.04 0.03 33% General and administrative (a) 0.16 0.16 0% Interest expense (a) 0.13 0.14 (7%) Total cash unit costs (b) 1.97 1.88 5% Depletion, depreciation and amortization (DD&A) 0.46 0.45 2% Total unit costs plus DD&A (b) $ 2.43 $ 2.33 4% (a) Excludes stock-based compensation, one-time settlements, and amortization of deferred financing costs. (b) Totals may not be exact due to rounding. The following table details Range’s average production and realized pricing for second quarter 2025 (a) : 2Q25 Production & Realized Pricing Natural Gas (mcf) Oil (bbl) NGLs (bbl) Natural Gas Equivalent (mcfe) Net production per day 1,497,771 6,382 110,209 2,197,321 Average NYMEX price $ 3.44 $63.72 $ 23.12 Differential, including basis hedging (0.50) (10.95) 0.61 Realized prices before NYMEX hedges 2.94 52.77 23.73 3.35 Settled NYMEX hedges 0.19 1.45 0.15 0.14 Average realized prices after hedges $ 3.13 $ 54.22 $ 23.88 $ 3.49 (a) Totals may not be exact due to rounding Second quarter 2025 natural gas, NGLs and oil price realizations (including the impact of cash-settled hedges and derivative settlements) averaged $3.49 per mcfe. • The average natural gas price, including the impact of basis hedging, was $2.94 per mcf, or a ($0.50) 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 $23.73 per barrel, approximately $0.61 above the Mont Belvieu weighted equivalent. Range is improving its expected 2025 NGL differential to average +$0.40 to +$1.25 relative to a Mont Belvieu equivalent barrel. • Crude oil and condensate price realizations, before realized hedges, averaged $52.77 per barrel, or $10.95 below WTI (West Texas Intermediate). Range continues to expect its 2025 condensate differential to average ($10.00) to ($15.00) relative to NYMEX. Repurchase Activity and Financial Position During the second quarter, Range repurchased 1,453,438 shares at an average price of approximately $36.35 per share. As of June 30, 2025, the Company had approximately $900 million of availability under the share repurchase program. In May 2025, Range paid off the remaining principal balance of its 4.875% senior notes due 2025 at par by utilizing cash on hand and by borrowing on the bank credit facility. As of June 30, 2025, Range had net debt outstanding of approximately $1.22 billion, consisting of $1.1 billion of senior notes, $125 million on the facility, and $0.1 million in cash. Capital Expenditures and Operational Activity Second quarter 2025 drilling and completion expenditures were $136 million. In addition, during the quarter, approximately $11 million was invested in acreage, and $7 million was invested in infrastructure, pneumatic devices, and other investments. Year-to-date capital investments of $301 million are approximately $10 million below plan as a result of operational efficiencies. As a result, Range is lowering the high-end of its 2025 capital guide to $680 million. During the quarter, Range drilled ~285,000 lateral feet across 20 wells, while turning to sales ~156,000 lateral feet across 12 wells. The added inventory of drilled but not completed laterals places Range on track to exit 2025 with greater than 400,000 lateral feet of growth inventory to support future development. The table below summarizes expected 2025 activity plans regarding the number of wells to sales in each area. Wells TIL 1H 2025 Remaining 2025 2025 Planned TIL SW PA Super-Rich 5 3 8 SW PA Wet 17 12 29 SW PA Dry 0 5 5 NE PA Dry 0 4 4 Total Wells 22 24 46 Guidance – 2025 Updated Capital & Production Guidance Range’s 2025 all-in capital budget is now $650 million - $680 million, improved from prior guidance of $650 million - $690 million. Annual production is now expected to be approximately 2.225 Bcfe per day in 2025, updated from prior guidance of ~2.2 Bcfe per day. Liquids are expected to be over 30% of production. Updated Full Year 2025 Expense Guidance Updated Guidance Prior Guidance Direct operating expense: $0.12 - $0.13 per mcfe $0.12 - $0.14 per mcfe Transportation, gathering, processing and compression expense: $1.50 - $1.55 per mcfe $1.50 - $1.55 per mcfe Taxes other than income: $0.03 - $0.04 per mcfe $0.03 - $0.04 per mcfe Exploration expense: $24 - $28 million $24 - $28 million G&A expense: $0.17 - $0.18 per mcfe $0.17 - $0.19 per mcfe Net Interest expense: $0.12 - $0.13 per mcfe $0.12 - $0.13 per mcfe DD&A expense: $0.45 - $0.46 per mcfe $0.45 - $0.46 per mcfe Net brokered gas marketing expense: $8 - $12 million $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. Updated Guidance Prior Guidance FY 2025 Natural Gas: (1) NYMEX minus $0.40 to $0.48 NYMEX minus $0.40 to $0.48 FY 2025 Natural Gas Liquids: (2) MB plus $0.40 to $1.25 per barrel MB plus $0.25 to $1.25 per barrel FY 2025 Oil/Condensate: WTI minus $10.00 to $15.00 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 value of natural gas basis hedges as of June 30, 2025, was a net gain of $19.9 million. Conference Call Information A conference call to review the financial results is scheduled on Wednesday, July 23 at 8:00 AM Central Time (9:00 AM Eastern Time). Please click here to pre-register for the conference call and obtain a dial in number with passcode. A simultaneous webcast of the call may be accessed at www.rangeresources.com . The webcast will be archived for replay on the Company's website until August 23 rd . Non-GAAP Financial Measures To supplement the presentation of its financial results prepared in accordance with generally accepted accounting principles (GAAP), the Company’s earnings press release contains certain financial measures that are not presented in accordance with GAAP. Management believes certain non-GAAP measures may provide financial statement users with meaningful supplemental information for comparisons within the industry. These non-GAAP financial measures may include, but are not limited to Net Income, excluding certain items, Cash flow from operations before changes in working capital, realized prices, Net debt and Cash margin. Adjusted net income comparable to analysts’ estimates as set forth in this release represents income or loss from operations before income taxes adjusted for certain non-cash items (detailed in the accompanying table) less income taxes. We believe adjusted net income comparable to analysts’ estimates is calculated on the same basis as analysts’ estimates and that many investors use this published research in making investment decisions and evaluating operational trends of the Company and its performance relative to other oil and gas producing companies. Diluted earnings per share (adjusted) as set forth in this release represents adjusted net income comparable to analysts’ estimates on a diluted per share basis. A table is included which reconciles income or loss from operations to adjusted net income comparable to analysts’ estimates and diluted earnings per share (adjusted). On its website, the Company provides additional comparative information on prior periods. Cash flow from operations before changes in working capital represents net cash provided by operations before changes in working capital and exploration expense adjusted for certain non-cash compensation items. Cash flow from operations before changes in working capital (sometimes referred to as “adjusted cash flow”) is widely accepted by the investment community as a financial indicator of an oil and gas company’s ability to generate cash to internally fund exploration and development activities and to service debt. Cash flow from operations before changes in working capital is also useful because it is widely used by professional research analysts in valuing, comparing, rating and providing investment recommendations of companies in the oil and gas exploration and production industry. In turn, many investors use this published research in making investment decisions. Cash flow from operations before changes in working capital is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operations, investing, or financing activities as an indicator of cash flows, or as a measure of liquidity. A table is included which reconciles net cash provided by operations to cash flow from operations before changes in working capital as used in this release. On its website, the Company provides additional comparative information on prior periods for cash flow, cash margins and non-GAAP earnings as used in this release. The cash prices realized for oil and natural gas production, including the amounts realized on cash-settled derivatives and net of transportation, gathering, processing and compression expense, is a critical component in the Company’s performance tracked by investors and professional research analysts in valuing, comparing, rating and providing investment recommendations and forecasts of companies in the oil and gas exploration and production industry. In turn, many investors use this published research in making investment decisions. Due to the GAAP disclosures of various derivative transactions and third-party transportation, gathering, processing and compression expense, such information is now reported in various lines of the income statement. The Company believes that it is important to furnish a table reflecting the details of the various components of each income statement line to better inform the reader of the details of each amount and provide a summary of the realized cash-settled amounts and third-party transportation, gathering, processing and compression expense, which were historically reported as natural gas, NGLs and oil sales. This information is intended to bridge the gap between various readers’ understanding and fully disclose the information needed. Net debt is calculated as total debt less cash and cash equivalents. The Company believes this measure is helpful to investors and industry analysts who utilize Net debt for comparative purposes across the industry. The Company discloses in this release the detailed components of many of the single line items shown in the GAAP financial statements included in the Company’s Annual or Quarterly Reports on Form 10-K or 10-Q. The Company believes that it is important to furnish this detail of the various components comprising each line of the Statements of Operations to better inform the reader of the details of each amount, the changes between periods and the effect on its financial results. We believe that the presentation of PV 10 value of our proved reserves is a relevant and useful metric for our investors as supplemental disclosure to the standardized measure, or after-tax amount, because it presents the discounted future net cash flows attributable to our proved reserves before taking into account future corporate income taxes and our current tax structure. While the standardized measure is dependent on the unique tax situation of each company, PV 10 is based on prices and discount factors that are consistent for all companies. Because of this, PV 10 can be used within the industry and by credit and security analysts to evaluate estimated net cash flows from proved reserves on a more comparable basis. RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com . Included within this release are certain “forward-looking statements” within the meaning of the federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, that are not limited to historical facts, but reflect Range’s current beliefs, expectations or intentions regarding future events. Words such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “outlook”, “estimate,” “predict,” “potential,” “pursue,” “target,” “continue,” and similar expressions are intended to identify such forward-looking statements. All statements, except for statements of historical fact, made within regarding activities, events or developments the Company expects, believes or anticipates will or may occur in the future, such as those regarding future well costs, expected asset sales, well productivity, future liquidity and financial resilience, anticipated exports and related financial impact, NGL market supply and demand, future commodity fundamentals and pricing, future capital efficiencies, future shareholder value, emerging plays, capital spending, anticipated drilling and completion activity, acreage prospectivity, expected pipeline utilization and future guidance information, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and Range's future performance are subject to a wide range of business risks and uncertainties and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements. Further information on risks and uncertainties is available in Range's filings with the Securities and Exchange Commission (SEC), including its most recent Annual Report on Form 10-K. Unless required by law, Range undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made. The SEC permits oil and gas companies, in filings made with the SEC, to disclose proved reserves, which are estimates that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions as well as the option to disclose probable and possible reserves. Range has elected not to disclose its probable and possible reserves in its filings with the SEC. Range uses certain broader terms such as "resource potential,” “unrisked resource potential,” "unproved resource potential" or "upside" or other descriptions of volumes of resources potentially recoverable through additional drilling or recovery techniques that may include probable and possible reserves as defined by the SEC's guidelines. Range has not attempted to distinguish probable and possible reserves from these broader classifications. The SEC’s rules prohibit us from including in filings with the SEC these broader classifications of reserves. These estimates are by their nature more speculative than estimates of proved, probable and possible reserves and accordingly are subject to substantially greater risk of actually being realized. Unproved resource potential refers to Range's internal estimates of hydrocarbon quantities that may be potentially discovered through exploratory drilling or recovered with additional drilling or recovery techniques and have not been reviewed by independent engineers. Unproved resource potential does not constitute reserves within the meaning of the Society of Petroleum Engineer's Petroleum Resource Management System and does not include proved reserves. Area wide unproven resource potential has not been fully risked by Range's management. “EUR”, or estimated ultimate recovery, refers to our management’s estimates of hydrocarbon quantities that may be recovered from a well completed as a producer in the area. These quantities may not necessarily constitute or represent reserves within the meaning of the Society of Petroleum Engineer’s Petroleum Resource Management System or the SEC’s oil and natural gas disclosure rules. Actual quantities that may be recovered from Range's interests could differ substantially. Factors affecting ultimate recovery include the scope of Range's drilling program, which will be directly affected by the availability of capital, drilling and production costs, commodity prices, availability of drilling services and equipment, drilling results, lease expirations, transportation constraints, regulatory approvals, field spacing rules, recoveries of gas in place, length of horizontal laterals, actual drilling results, including geological and mechanical factors affecting recovery rates and other factors. Estimates of resource potential may change significantly as development of our resource plays provides additional data. In addition, our production forecasts and expectations for future periods are dependent upon many assumptions, including estimates of production decline rates from existing wells and the undertaking and outcome of future drilling activity, which may be affected by significant commodity price or drilling cost changes. Investors are urged to consider closely the disclosure in our most recent Annual Report on Form 10-K, available from our website at www.rangeresources.com or by written request to 100 Throckmorton Street, Suite 1200, Fort Worth, Texas 76102. You can also obtain this Form 10-K on the SEC’s website at www.sec.gov or by calling the SEC at 1-800-SEC-0330. SOURCE: Range Resources Corporation Range Investor Contacts: Laith Sando 817-869-4267 Matt Schmid 817-869-1538 Range Media Contact: Mark Windle 724-873-3223 RANGE RESOURCES CORPORATION STATEMENTS OF OPERATIONS Based on GAAP reported earnings with additional details of items included in each line in Form 10-Q (Unaudited, In thousands, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 % 2025 2024 % Revenues and other income: Natural gas, NGLs and oil sales (a) $ 666,638 $ 478,450 $ 1,458,558 $ 1,045,451 Derivative fair value income (loss) 154,747 16,808 (4,210 ) 63,406 Brokered natural gas and marketing 33,009 31,393 87,417 60,224 ARO settlement gain (loss) (b) 1 - 1 (26 ) Interest income (b) 1,762 3,376 4,815 6,319 Gain on sale of assets (b) 102 66 164 153 Other (b) 16 16 84 38 Total revenues and other income 856,275 530,109 62 % 1,546,829 1,175,565 32 % Costs and expenses: Direct operating 22,616 22,281 47,452 43,945 Direct operating - stock-based compensation (c) 504 471 1,041 968 Transportation, gathering, processing and compression 304,714 281,495 610,823 572,370 Taxes other than income 7,835 4,974 14,822 10,342 Brokered natural gas and marketing 34,183 33,513 91,544 64,408 Brokered natural gas and marketing - stock-based compensation (c) 802 583 1,642 1,291 Exploration 7,562 6,316 13,606 10,518 Exploration - stock-based compensation (c) 366 335 713 659 Abandonment and impairment of unproved properties 6,781 1,524 11,355 3,895 General and administrative 32,757 31,372 64,310 65,144 General and administrative - stock-based compensation (c) 9,326 8,482 19,437 18,460 General and administrative - lawsuit settlements 63 287 90 478 Exit costs 8,502 10,094 17,399 20,409 Deferred compensation plan (d) (88 ) 1,240 2,791 7,645 Interest expense 25,630 28,356 53,415 57,472 Interest expense - amortization of deferred financing costs (e) 1,166 1,357 2,542 2,717 Gain on early extinguishment of debt - (179 ) (3 ) (243 ) Depletion, depreciation and amortization 91,514 87,598 182,073 174,735 Total costs and expenses 554,233 520,099 7 % 1,135,052 1,055,213 8 % Income before income taxes 302,042 10,010 2917 % 411,777 120,352 242 % Income tax expense (benefit) Current 4,645 2,399 6,645 3,981 Deferred 59,819 (21,093 ) 70,502 (4,471 ) 64,464 (18,694 ) 77,147 (490 ) Net income $ 237,578 $ 28,704 728 % $ 334,630 $ 120,842 177 % Net income Per Common Share Basic $ 0.99 $ 0.12 $ 1.40 $ 0.50 Diluted $ 0.99 $ 0.12 $ 1.39 $ 0.49 Weighted average common shares outstanding, as reported Basic 238,187 241,125 -1 % 239,106 240,815 -1 % Diluted 239,717 242,983 -1 % 240,772 242,766 -1 % (a) See separate natural gas, NGLs and oil sales information table. (b) Included in Other income in the 10-Q. (c) Costs associated with stock compensation and restricted stock amortization, which have been reflected in the categories associated with the direct personnel costs, which are combined with the cash costs in the 10-Q. (d) Reflects the change in market value of the vested Company stock held in the deferred compensation plan. (e) Included in interest expense in the 10-Q. RANGE RESOURCES CORPORATION BALANCE SHEET (In thousands) June 30, December 31, 2025 2024 (Unaudited) (Audited) Assets Current assets $ 272,616 $ 636,982 Derivative assets 51,115 87,098 Natural gas and oil properties, net (successful efforts method) 6,535,097 6,421,700 Other property and equipment, net 2,736 2,465 Operating lease right-of-use assets 170,159 119,838 Other 73,388 79,592 $ 7,105,111 $ 7,347,675 Liabilities and Stockholders' Equity Current liabilities $ 580,744 $ 1,263,247 Asset retirement obligations 1,189 1,189 Derivative liabilities 1,201 9,634 Bank debt 121,092 - Senior notes, excluding current maturities 1,090,607 1,089,614 Deferred tax liabilities 611,873 541,378 Derivative liabilities 23,187 10,488 Deferred compensation liabilities 64,262 65,233 Operating lease liabilities 109,026 35,737 Asset retirement obligations and other liabilities 143,174 137,181 Divestiture contract obligation 232,062 257,317 2,978,417 3,411,018 Common stock and retained deficit 4,761,293 4,449,987 Other comprehensive income 582 611 Common stock held in treasury (635,181 ) (513,941 ) Total stockholders' equity 4,126,694 3,936,657 $ 7,105,111 $ 7,347,675 RECONCILIATION OF TOTAL DEBT AS REPORTED TO NET DEBT, a non-GAAP measure (Unaudited, in thousands) June 30, December 31, 2025 2024 % Total debt, net of deferred financing costs, as reported $ 1,211,699 $ 1,697,883 -29 % Unamortized debt issuance costs, as reported 13,301 10,819 Less cash and cash equivalents, as reported (134 ) (304,490 ) Net debt, a non-GAAP measure $ 1,224,866 $ 1,404,212 -13 % RANGE RESOURCES CORPORATION CASH FLOWS FROM OPERATING ACTIVITIES (Unaudited, in thousands) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net income $ 237,578 $ 28,704 $ 334,630 $ 120,842 Adjustments to reconcile net cash provided from continuing operations: Deferred income tax expense (benefit) 59,819 (21,093 ) 70,502 (4,471 ) Depletion, depreciation and amortization 91,514 87,598 182,073 174,735 Abandonment and impairment of unproved properties 6,781 1,524 11,355 3,895 Derivative fair value (income) loss (154,747 ) (16,808 ) 4,210 (63,406 ) Cash settlements on derivative financial instruments 31,466 128,057 36,039 250,430 Divestiture contract obligation, including accretion 8,502 10,062 17,399 20,329 Amortization of deferred financing costs and other 962 1,193 2,144 2,425 Deferred and stock-based compensation 11,047 11,122 26,130 29,337 Gain on sale of assets (102 ) (66 ) (164 ) (153 ) Loss (gain) on early extinguishment of debt - (179 ) (3 ) (243 ) Changes in working capital: Accounts receivable 96,785 (30,541 ) 68,064 76,913 Other current assets 518 (13,461 ) (8,510 ) (22,405 ) Accounts payable (27,023 ) (17,906 ) 9,158 (5,718 ) Accrued liabilities and other (26,912 ) (19,431 ) (86,754 ) (101,805 ) Net changes in working capital 43,368 (81,339 ) (18,042 ) (53,015 ) Net cash provided from operating activities $ 336,188 $ 148,775 $ 666,273 $ 480,705 RECONCILIATION OF NET CASH PROVIDED FROM OPERATING ACTIVITIES, AS REPORTED, TO CASH FLOW FROM OPERATIONS BEFORE CHANGES IN WORKING CAPITAL, a non-GAAP measure (Unaudited, in thousands) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net cash provided from operating activities, as reported $ 336,188 $ 148,775 $ 666,273 $ 480,705 Net changes in working capital (43,368 ) 81,339 18,042 53,015 Exploration expense 7,562 6,316 13,606 10,518 Lawsuit settlements 63 287 90 478 Non-cash compensation adjustment and other 66 185 (109 ) 84 Cash flow from operations before changes in working capital - non-GAAP measure $ 300,511 $ 236,902 $ 697,902 $ 544,800 ADJUSTED WEIGHTED AVERAGE SHARES OUTSTANDING (Unaudited, in thousands) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Basic: Weighted average shares outstanding 238,804 242,647 239,785 242,365 Stock held by deferred compensation plan (617 ) (1,522 ) (679 ) (1,550 ) Adjusted basic 238,187 241,125 239,106 240,815 Dilutive: Weighted average shares outstanding 238,804 242,647 239,785 242,365 Dilutive stock options under treasury method 913 336 987 401 Adjusted dilutive 239,717 242,983 240,772 242,766 RANGE RESOURCES CORPORATION RECONCILIATION OF NATURAL GAS, NGLs AND OIL SALES AND DERIVATIVE FAIR VALUE INCOME (LOSS) TO CALCULATED CASH REALIZED NATURAL GAS, NGLs AND OIL PRICES WITH AND WITHOUT THIRD-PARTY TRANSPORTATION, GATHERING, PROCESSING AND COMPRESSION COSTS, a non-GAAP measure (Unaudited, In thousands, except per unit data) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 % 2025 2024 % Natural gas, NGLs and Oil Sales components: Natural gas sales $ 397,955 $ 209,652 $ 888,332 $ 481,127 NGLs sales 238,034 228,285 513,688 484,361 Oil sales 30,649 40,513 56,538 79,963 Total Natural Gas, NGLs and Oil Sales, as reported $ 666,638 $ 478,450 39 % $ 1,458,558 $ 1,045,451 40 % Derivative Fair Value Income (Loss), as reported $ 154,747 $ 16,808 $ (4,210 ) $ 63,406 Cash settlements on derivative financial instruments - (gain) loss: Natural gas (29,114 ) (126,194 ) (33,843 ) (247,107 ) NGLs (1,508 ) (1,978 ) (1,096 ) (1,901 ) Oil (844 ) 115 (1,100 ) (1,422 ) Total change in fair value related to commodity derivatives prior to settlement, a non-GAAP measure $ 123,281 $ (111,249 ) $ (40,249 ) $ (187,024 ) Transportation, gathering, processing and compression components: Natural Gas $ 154,704 $ 153,040 $ 312,223 $ 303,152 NGLs 149,209 128,077 297,047 268,351 Oil 801 378 1,553 867 Total transportation, gathering, processing and compression, as reported $ 304,714 $ 281,495 $ 610,823 $ 572,370 Natural gas, NGL and Oil sales, including cash-settled derivatives: (c) Natural gas sales $ 427,069 $ 335,846 $ 922,175 $ 728,234 NGLs sales 239,542 230,263 514,784 486,262 Oil Sales 31,493 40,398 57,638 81,385 Total $ 698,104 $ 606,507 15 % $ 1,494,597 $ 1,295,881 15 % Production of natural gas, NGLs and oil during the periods (a): Natural Gas (mcf) 136,297,159 136,099,063 0 % 272,260,589 268,749,303 1 % NGLs (bbls) 10,029,051 9,376,810 7 % 19,949,040 19,137,533 4 % Oil (bbls) 580,791 593,020 -2 % 1,004,370 1,203,299 -17 % Gas equivalent (mcfe) (b) 199,956,211 195,918,043 2 % 397,981,049 390,794,295 2 % Production of natural gas, NGLs and oil - average per day (a): Natural Gas (mcf) 1,497,771 1,495,594 0 % 1,504,202 1,476,645 2 % NGLs (bbls) 110,209 103,042 7 % 110,216 105,151 5 % Oil (bbls) 6,382 6,517 -2 % 5,549 6,612 -16 % Gas equivalent (mcfe) (b) 2,197,321 2,152,946 2 % 2,198,790 2,147,221 2 % Average prices, excluding derivative settlements and before third-party transportation costs: Natural Gas (per mcf) $ 2.92 $ 1.54 90 % $ 3.26 $ 1.79 82 % NGLs (per bbl) $ 23.73 $ 24.35 -3 % $ 25.75 $ 25.31 2 % Oil (per bbl) $ 52.77 $ 68.32 -23 % $ 56.29 $ 66.45 -15 % Gas equivalent (per mcfe) (b) $ 3.33 $ 2.44 36 % $ 3.66 $ 2.68 37 % Average prices, including derivative settlements before third-party transportation costs: (c) Natural Gas (per mcf) $ 3.13 $ 2.47 27 % $ 3.39 $ 2.71 25 % NGLs (per bbl) $ 23.88 $ 24.56 -3 % $ 25.80 $ 25.41 2 % Oil (per bbl) $ 54.22 $ 68.12 -20 % $ 57.39 $ 67.63 -15 % Gas equivalent (per mcfe) (b) $ 3.49 $ 3.10 13 % $ 3.75 $ 3.32 13 % Average prices, including derivative settlements and after third-party transportation costs: (d) Natural Gas (per mcf) $ 2.00 $ 1.34 49 % $ 2.24 $ 1.58 42 % NGLs (per bbl) $ 9.01 $ 10.90 -17 % $ 10.91 $ 11.39 -4 % Oil (per bbl) $ 52.84 $ 67.48 -22 % $ 55.84 $ 66.91 -17 % Gas equivalent (per mcfe) (b) $ 1.97 $ 1.66 19 % $ 2.22 $ 1.85 20 % Transportation, gathering and compression expense per mcfe $ 1.52 $ 1.44 6 % $ 1.53 $ 1.47 4 % (a) Represents volumes sold regardless of when produced. (b) Oil and NGLs are converted at the rate of one barrel equals six mcfe based upon the approximate relative energy content of oil to natural gas, which is not necessarily indicative of the relationship of oil and natural gas prices. (c) Excluding third-party transportation, gathering, processing and compression costs. (d) Net of transportation, gathering, processing and compression costs. RANGE RESOURCES CORPORATION RECONCILIATION OF INCOME BEFORE INCOME TAXES AS REPORTED TO INCOME BEFORE INCOME TAXES EXCLUDING CERTAIN ITEMS, a non-GAAP measure (Unaudited, In thousands, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 % 2025 2024 % Income from operations before income taxes, as reported $ 302,042 $ 10,010 2917 % $ 411,777 $ 120,352 242 % Adjustment for certain special items: Gain on the sale of assets (102 ) (66 ) (164 ) (153 ) ARO settlement (gain) loss (1 ) - (1 ) 26 Change in fair value related to derivatives prior to settlement (123,281 ) 111,249 40,249 187,024 Abandonment and impairment of unproved properties 6,781 1,524 11,355 3,895 Loss (gain) on early extinguishment of debt - (179 ) (3 ) (243 ) Lawsuit settlements 63 287 90 478 Exit costs 8,502 10,094 17,399 20,409 Brokered natural gas and marketing - stock-based compensation 802 583 1,642 1,291 Direct operating - stock-based compensation 504 471 1,041 968 Exploration expenses - stock-based compensation 366 335 713 659 General & administrative - stock-based compensation 9,326 8,482 19,437 18,460 Deferred compensation plan - non-cash adjustment (88 ) 1,240 2,791 7,645 Income before income taxes, as adjusted 204,914 144,030 42 % 506,326 360,811 40 % Income tax expense, as adjusted Current 4,645 2,399 6,645 3,981 Deferred (a) 42,485 30,728 109,810 79,006 Net income, excluding certain items, a non-GAAP measure $ 157,784 $ 110,903 42 % $ 389,871 $ 277,824 40 % Non-GAAP income per common share Basic $ 0.66 $ 0.46 43 % $ 1.63 $ 1.15 42 % Diluted $ 0.66 $ 0.46 43 % $ 1.62 $ 1.14 42 % Non-GAAP diluted shares outstanding, if dilutive 239,717 242,983 240,772 242,766 (a) Taxes are estimated to be approximately 23% for 2024 and 2025 RANGE RESOURCES CORPORATION RECONCILIATION OF NET INCOME, EXCLUDING CERTAIN ITEMS AND ADJUSTED EARNINGS PER SHARE, non-GAAP measures (In thousands, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net income, as reported $ 237,578 $ 28,704 $ 334,630 $ 120,842 Adjustments for certain special items: Gain on the sale of assets (102 ) (66 ) (164 ) (153 ) ARO settlement (gain) loss (1 ) - (1 ) 26 Gain on early extinguishment of debt - (179 ) (3 ) (243 ) Change in fair value related to derivatives prior to settlement (123,281 ) 111,249 40,249 187,024 Abandonment and impairment of unproved properties 6,781 1,524 11,355 3,895 Lawsuit settlements 63 287 90 478 Exit costs 8,502 10,094 17,399 20,409 Stock-based compensation 10,998 9,871 22,833 21,378 Deferred compensation plan (88 ) 1,240 2,791 7,645 Tax impact 17,334 (51,821 ) (39,308 ) (83,477 ) Net income, excluding certain items, a non-GAAP measure $ 157,784 $ 110,903 $ 389,871 $ 277,824 Net income per diluted share, as reported $ 0.99 $ 0.12 $ 1.39 $ 0.49 Adjustments for certain special items per diluted share: Gain on the sale of assets - - - - ARO settlement (gain) loss - - - - Gain on early extinguishment of debt - - - - Change in fair value related to derivatives prior to settlement (0.51 ) 0.46 0.17 0.77 Abandonment and impairment of unproved properties 0.03 0.01 0.05 0.02 Lawsuit settlements - - - - Exit costs 0.04 0.04 0.07 0.08 Stock-based compensation 0.05 0.04 0.09 0.09 Deferred compensation plan - 0.01 0.01 0.03 Adjustment for rounding differences (0.01 ) (0.01 ) - - Tax impact 0.07 (0.21 ) (0.16 ) (0.34 ) Dilutive share impact (rabbi trust and other) - - - - Net income per diluted share, excluding certain items, a non-GAAP measure $ 0.66 $ 0.46 $ 1.62 $ 1.14 Adjusted earnings per share, a non-GAAP measure: Basic $ 0.66 $ 0.46 $ 1.63 $ 1.15 Diluted $ 0.66 $ 0.46 $ 1.62 $ 1.14 RANGE RESOURCES CORPORATION RECONCILIATION OF CASH MARGIN PER MCFE, a non- GAAP measure (Unaudited, In thousands, except per unit data) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenues Natural gas, NGLs and oil sales, as reported $ 666,638 $ 478,450 $ 1,458,558 $ 1,045,451 Derivative fair value income (loss), as reported 154,747 16,808 (4,210 ) 63,406 Less non-cash fair value (gain) loss (123,281 ) 111,249 40,249 187,024 Brokered natural gas and marketing, as reported 33,009 31,393 87,417 60,224 Other income, as reported 1,881 3,458 5,064 6,484 Less gain on sale of assets (102 ) (66 ) (164 ) (153 ) Less ARO settlement (1 ) - (1 ) 26 Cash revenues 732,891 641,292 1,586,913 1,362,462 Expenses Direct operating, as reported 23,120 22,752 48,493 44,913 Less direct operating stock-based compensation (504 ) (471 ) (1,041 ) (968 ) Transportation, gathering and compression, as reported 304,714 281,495 610,823 572,370 Taxes other than income, as reported 7,835 4,974 14,822 10,342 Brokered natural gas and marketing, as reported 34,985 34,096 93,186 65,699 Less brokered natural gas and marketing stock-based compensation (802 ) (583 ) (1,642 ) (1,291 ) General and administrative, as reported 42,146 40,141 83,837 84,082 Less G&A stock-based compensation (9,326 ) (8,482 ) (19,437 ) (18,460 ) Less lawsuit settlements (63 ) (287 ) (90 ) (478 ) Interest expense, as reported 26,796 29,713 55,957 60,189 Less amortization of deferred financing costs (1,166 ) (1,357 ) (2,542 ) (2,717 ) Cash expenses 427,735 401,991 882,366 813,681 Cash margin, a non-GAAP measure $ 305,156 $ 239,301 $ 704,547 $ 548,781 Mmcfe produced during period 199,956 195,918 397,981 390,794 Cash margin per mcfe $ 1.53 $ 1.22 $ 1.77 $ 1.40 RECONCILIATION OF INCOME BEFORE INCOME TAXES TO CASH MARGIN, a non-GAAP measure (Unaudited, in thousands, except per unit data) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Income before income taxes, as reported $ 302,042 $ 10,010 $ 411,777 $ 120,352 Adjustments to reconcile income before income taxes to cash margin: ARO settlements (1 ) - (1 ) 26 Derivative fair value (income) loss (154,747 ) (16,808 ) 4,210 (63,406 ) Net cash receipts on derivative settlements 31,466 128,057 36,039 250,430 Exploration expense 7,562 6,316 13,606 10,518 Lawsuit settlements 63 287 90 478 Exit costs 8,502 10,094 17,399 20,409 Deferred compensation plan (88 ) 1,240 2,791 7,645 Stock-based compensation (direct operating, brokered natural gas and 10,998 9,871 22,833 21,378 marketing and general and administrative) Bad debt expense - - - - Interest - amortization of deferred financing costs 1,166 1,357 2,542 2,717 Depletion, depreciation and amortization 91,514 87,598 182,073 174,735 Gain on sale of assets (102 ) (66 ) (164 ) (153 ) Gain on early extinguishment of debt - (179 ) (3 ) (243 ) Abandonment and impairment of unproved properties 6,781 1,524 11,355 3,895 Cash margin, a non-GAAP measure $ 305,156 $ 239,301 $ 704,547 $ 548,781

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.