HighGravityDataRange Resources — Jul 22, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000950170-25-097761
Showing in the filing
G&A expense
“$0.17 - $0.18 per mcfe”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 27
SW PA Wet for FY2025
“12”
SW PA Dry for FY2025
“5”
NE PA Dry for FY2025
“4”
Natural gas differential to NYMEX for FY2025
“($0.40) to ($0.48)”
NGL differential for FY2025
“+$0.40 to +$1.25”
NGL differential to Mont Belvieu equivalent for FY2025
“+$0.40 to +$1.25”
Condensate differential for FY2025
“($10.00) to ($15.00)”
Condensate differential to NYMEX for FY2025
“($10.00) to ($15.00)”
Share repurchase program availability
“approximately $900 million”
Capital guide (high-end) for FY2025
“$680 million”
SW PA Super-Rich for FY2025
“3”
Total Wells for FY2025
“24”
Activity plans - total wells to sales for FY2025
“46”
All-in capital budget for FY2025
“$650 million - $680 million”
Annual production for FY2025
“approximately 2.225 Bcfe per day”
Liquids percentage of production for FY2025
“over 30%”
Direct operating expense for FY2025
“$0.12 - $0.13 per mcfe”
Net Interest expense for FY2025
“$0.12 - $0.13 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 - $0.18 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 Liquids price differential for FY2025
“MB plus $0.40 to $1.25 per barrel”
Oil/Condensate price differential for FY2025
“WTI minus $10.00 to $15.00”
Taxes for FY2025
“approximately 23%”
Exhibit 99.1 · the passage around this item
… earlier in the release
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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.