SOURCE: Range Resources Corporation Range Investor Contact: FORT WORTH, Texas, May 31, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE:RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.08 per common share is payable on June 28, 2024 to stockholders of record at the close of business on June 14, 2024. RANGE RESOURCES CORPORATION (NYSE:RRC) is a leading U.S. independent natural gas and NGL producer with o ...

Range Resources Corporation (NYSE:RRC) Q1 2024 Earnings Conference Call April 24, 2024 9:00 AM ET Company Participants Laith Sando - Vice President, Investor Relations Dennis Degner - Chief Executive Officer Mark Scucchi - Chief Financial Officer Alan Engberg - Vice President Liquid Marketing Conference Call Participants Michael Scialla - Stephens Bertrand Donnes - Truist Paul Diamond - Citi Nitin Kumar - Mizuho Jake Roberts - TPH & Company Leo Mariani - Roth MKM Noel Parks - Tuohy Brothers Investment Resea ...

EXHIBIT 99.1 NEWS RELEASE Range Announces First Quarter 2024 Results FORT WORTH, TEXAS, April 23, 2024…RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2024 financial results. First Quarter 2024 Highlights – Commenting on the results, Dennis Degner, the Company's CEO said, "Range had a successful first quarter with efficient operations, consistent well performance and opportunistic NGL marketing allowing Range to generate strong free cash flow in a price environment that we believe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-12209 RANGE RESOURCES CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 34-1312571 (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) 100 Throckmorton Stree ...

Range Resources Corporation (NYSE:RRC) Q4 2023 Earnings Conference Call February 22, 2024 9:00 AM ET Company Participants Laith Sando - Vice President, Investor Relations Dennis Degner - Chief Executive Officer Mark Scucchi - Chief Financial Officer Conference Call Participants Doug Leggate - Bank of America Nitin Kumar - Mizuho Securities Bertrand Donnes - Truist Paul Diamond - Citi Jacob Roberts - TPH & Co. Michael Scialla - Stephens Leo Mariani - ROTH MKM Noel Parks - Tuohy Brothers Operator Welcome to t ...

Midwest Gulf Coast LNG Local & Northeast Oil-Linked Gas-Linked Mont Belvieu . Exports Local & Northeast . Natural Gas End-Markets Ethane Price Diversification Propane & Butane Exports Natural Gas & NGL NGL Export LNG Export / Premium Gulf ~30% of Natural Gas to Midwest ~25% of Natural Gas to Gulf Coast ~25% of Natural Gas to LNG and Premium Gulf Markets ~20% of Natural Gas Local & to Northeast $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 RRC Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Valuation of proved reserves only ...

Financial Performance - The company reported fourth quarter 2023 revenues of $941 million and net income of $310 million, translating to $1.27 per diluted share, including a $291 million mark-to-market derivative gain[15][16]. - Total revenues and other income for Q4 2023 were $941,357, a decrease of 42% compared to $1,630,379 in Q4 2022[46]. - Net income for Q4 2023 was $310,034, down 62% from $814,236 in Q4 2022[46]. - Basic net income per share decreased to $1.29 in Q4 2023 from $3.38 in Q4 2022, representing a decline of 62%[47]. - Total costs and expenses for Q4 2023 were $554,411, a decrease of 12% compared to $632,556 in Q4 2022[46]. - Cash provided from operating activities for the twelve months ended December 31, 2023, was $977,892, a decrease from $1,864,744 in 2022[54]. - Total revenues for the twelve months ended December 31, 2023, were $2,334,661, down from $4,911,092 in 2022[68]. - The company reported a diluted earnings per share of $0.63 for Q4 2023, a decrease of 52% from $1.30 in Q4 2022[66]. Cash Flow and Capital Allocation - Range's 2023 free cash flow was allocated towards debt reduction and shareholder returns, with a net debt reduction of $292 million, resulting in a year-end net debt of approximately $1.58 billion[6][12]. - Cash flow from operations before working capital changes for Q4 2023 was $300 million, with total cash unit costs decreasing by 6% year-over-year to $1.83 per mcfe[6][17]. - Cash flow from operations before changes in working capital for Q4 2023 was $299,898, down 41.4% from $512,947 in Q4 2022[56]. - Cash margin for Q4 2023 was $298,445, a decrease of 41% from $506,621 in Q4 2022[68]. - The company reported a total debt of $1,774,229 as of December 31, 2023, down from $1,841,960 in 2022[50]. Production and Reserves - Proved reserves at year-end 2023 increased to 18.1 Tcfe, with a present value (PV10) of reserves under SEC methodology at $7.9 billion[21][22]. - Production of natural gas in Q4 2023 was 141,716,740 mcf, a 2% increase from 139,608,410 mcf in Q4 2022[60]. - Average daily production of oil in Q4 2023 was 7,136 bbl, a 7% increase from 6,696 bbl in Q4 2022[60]. - The company produced 203,085 Mmcfe during Q4 2023, a slight increase from 202,813 Mmcfe in Q4 2022[68]. Expenses and Costs - The company experienced a derivative fair value loss of $291,059 in Q4 2023, compared to a loss of $448,181 in Q4 2022[54]. - The company’s exploration expenses for the twelve months ended December 31, 2023, were $25,280, slightly up from $25,194 in 2022[46]. - Transportation, gathering, processing, and compression expense per mcfe in Q4 2023 was $1.39, a decrease of 4% from $1.45 in Q4 2022[60]. - Depletion, depreciation, and amortization expenses totaled $90.968 million, slightly up from $90.847 million[70]. - Stock-based compensation expenses totaled $10,638 for Q4 2023, slightly down from $11,140 in Q4 2022[66]. Market and Pricing - The average realized price for natural gas in Q4 2023 was $2.68 per Mcf, with a differential of ($0.48) to NYMEX, and the 2024 expected differential is projected to be ($0.40) to ($0.45)[19][20]. - Average price of natural gas (excluding derivative settlements) in Q4 2023 was $2.26 per mcf, a 59% decrease from $5.52 per mcf in Q4 2022[60]. - Natural gas sales in Q4 2023 were $320,393, down 58.4% from $770,571 in Q4 2022[60]. - Total oil and gas sales for Q4 2023 were $603,279, representing a 44% decrease compared to $1,086,697 in Q4 2022[60]. Future Outlook and Guidance - Range's 2024 all-in capital budget is expected to be between $620 million and $670 million, targeting flat production of approximately 2.12 to 2.16 Bcfe per day[5][24]. - The company plans to run two drilling rigs and one frac crew in 2024, with approximately $30 to $45 million allocated for drilling and completion capital to add to well-in-process inventory[5][25]. - Range's 2024 guidance includes direct operating expenses of $0.13 to $0.14 per mcfe and transportation, gathering, processing, and compression expenses of $1.45 to $1.55 per mcfe[26]. - The company expects to invest up to $30 million in targeted acreage to increase lateral lengths and future inventory, along with $15 to $20 million for water infrastructure improvements[5][25]. Company Overview and Strategy - Range Resources Corporation is a leading independent natural gas and NGL producer focused in the Appalachian Basin[38]. - Forward-looking statements regarding future performance are based on management's assumptions and estimates, subject to risks and uncertainties[39]. - The company has not disclosed its probable and possible reserves, focusing instead on broader terms like "resource potential"[42]. - Production forecasts depend on estimates of production decline rates and future drilling activity, which may be affected by commodity price changes[43].

Reserves and Production - Proved reserves totaled 18.1 trillion cubic feet equivalent (Tcfe), with 64% being natural gas, 34% NGLs, and 2% crude oil and condensate [24]. - Total proved reserves as of December 31, 2023, were 18.1 Tcfe, a slight increase from the previous year, with developed reserves accounting for 64% [47][50]. - Proved undeveloped reserves (PUDs) as of December 31, 2023, totaled 21.6 Mmbbls of crude oil, 411.4 Mmbbls of NGLs, and 4.0 Tcf of natural gas, amounting to 6.6 Tcfe [57]. - Average production in 2023 was 2.14 Bcfe per day, up from 2.12 Bcfe per day in 2022, indicating a disciplined investment strategy in the Marcellus Shale [47]. - 2023 production volumes reached 538.1 billion cubic feet (Bcf) of natural gas, 37.9 million barrels (Mmbbls) of NGLs, and 2.5 Mmbbls of crude oil and condensate, averaging 2.14 billion cubic feet equivalent (Bcfe) per day [25]. - Average daily production volumes for natural gas in 2023 were 538,085 Mmcf, slightly down from 539,443 Mmcf in 2022 [61]. - The company drilled 50 productive development wells in 2023, maintaining a 100% success ratio [69]. - A successful drilling program in 2023 resulted in 50 gross natural gas wells with a 100% success rate [47]. Financial Performance - Realized cash flow from operating activities was $977.9 million, with a total distribution of $77.2 million in dividends and $19.0 million in stock repurchases [26]. - The pretax present value of future net cash flows from proved reserves was estimated at $7.9 billion, discounted at 10% per annum [24]. - Future net cash flows from proved reserves are estimated at $54,390 million for 2023, a decrease of 30.8% from $78,650 million in 2022 [60]. - The present value of future net cash flows after income tax is $6,838 million for 2023, down from $24,545 million in 2022, representing a decline of 72.1% [60]. - Average sales price for natural gas decreased to $2.29 per mcf in 2023 from $6.24 per mcf in 2022, a drop of 63.3% [61]. - The average price for a barrel of NGLs in 2023 was approximately 32% of the average price for equivalent volumes of oil [56]. - The company maintained a cash balance of $212.0 million and has no debt maturities until 2025, providing financial flexibility [40]. - The company reduced its total debt by $80.6 million in 2023, ending the year with $1.3 billion available under the credit facility and $212 million in cash [47]. Cost Management - The company achieved an 11% reduction in transportation, gathering, processing, and compression costs per thousand cubic feet equivalent (mcfe) from 2022 [26]. - The company reduced its general and administrative expenses per mcfe by 5% and interest expenses per mcfe by 24% from 2022 [32]. - Costs incurred for the development of PUDs in 2023 were approximately $495.1 million, with all PUD drilling locations scheduled to be drilled by the end of 2028 [57]. - The capital budget for 2024 is expected to be between $620 million and $670 million, with $575 million to $590 million allocated for drilling costs [46]. Environmental and Regulatory Compliance - The company aims to achieve net zero GHG emissions by year-end 2025, focusing on sustainable operations and recycling approximately 100% of produced water [47]. - The company is subject to extensive federal, state, and local regulations that can impact production viability and profitability, including compliance with the Energy Policy Act of 2005 [99]. - The company believes it is in substantial compliance with applicable laws and regulations, but acknowledges that changes in regulations could affect future costs and operations [99]. - The company is subject to GHG emissions regulations and may need to install control technologies for new or modified facilities if they exceed permitting thresholds [126]. - The company is in substantial compliance with environmental laws and does not expect material expenditures related to compliance in 2024 [130]. Workforce and Safety - Employee turnover rate averaged less than 3.5% over the five-year period ended December 31, 2023, indicating strong employee retention [77]. - The company has only recorded two OSHA incidents over 3.5 million work hours from 2021 to 2023, resulting in a Total Recordable Incident Rate of 0.11 [78]. - A 28% reduction in workforce recordable injuries was achieved compared to 2022, with no employee recordable injuries in 2023 [32]. - The company adopts a conservative approach to headcount management, evaluating the necessity of new hires to minimize layoffs during downturns [79]. Management and Competition - The executive team includes Dennis L. Degner (CEO, age 51), Mark S. Scucchi (CFO, age 46), Erin W. McDowell (General Counsel, age 45), and Dori A. Ginn (Controller, age 66) [82]. - The company faces substantial competition in the oil and gas industry, particularly in acquiring properties and securing personnel, with many competitors having significantly greater financial resources [87]. - The company employs a strategy of marketing its natural gas, NGLs, and oil production based on price, credit quality, and service reliability, with alternative purchasers readily available [89].

Range Resources Corporation (NYSE:RRC) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET Company Participants Dennis Degner - CEO Mark Scucchi - CFO Laith Sando - VP, IR Conference Call Participants Scott Hanold - RBC Capital Markets Doug Leggate - Bank of America Jean Ann Salisbury - Bernstein Umang Choudhary - Goldman Sachs & Company Michael Scialla - Stephens Inc. Jacob Roberts - TPH & Company Arun Jayaram - J.P. Morgan Securities Operator Welcome to the Range Resources Third Quarter 2023 Earn ...

▪ Planned nuclear retirements (~2 GW of announced retirements for 2023- 2027) also remove large base-load of power generation ▪ New gas-fired reciprocating engines being added to balance grid instability issues created by renewables 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 2022 2023 2024 2025 2026 2027 Displacement (Bcf/d equivalent) Retirements (MW) Coal Nuclear Cumulative Displacement Announced Coal & Nuclear Reactor Retirements Bcf per Day Equivalent 48% 44% ...