Range Resources — Feb 24, 2026 release

Range plans to convert to production approximately 400,000 feet of this growth-enabling inventory over the course of 2026 and 2027, leaving flexibility for reduced capital or continued growth in future years. For 2026, Range plans to run one dedicated drilling rig and one dedicated frac crew, while utilizing spot equipment in mid-2026 to convert DUCs. This development plan is expected to result in annual production of approximately 2.35 – 2.40 Bcfe per day in 2026 and 2.6 Bcfe per day in 2027. The table below summarizes 2025 activity and expected 2026 plans regarding the number of wells to sales in each area. In 2025, Range drilled ~1,023,000 lateral feet across 69 wells, while turning to sales 636,000 lateral feet across 47 wells.       Planned Wells TIL in 2026   Wells TIL in 2025           Liquids Rich   50   38 Dry Gas   18   9      Total Appalachia   68   47             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