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
Natural gas differential to NYMEX
“($0.40) to ($0.48)”
Period
FY2025
Measure
Company-defined measure
Source
Prose
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
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. C
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.