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 ...

Financial Data and Key Metrics Changes - The company generated cash flow before working capital of approximately $1.1 billion in 2023, with cash flow in Q4 being $300 million, resulting in a realized price per unit of $3.25 per MCFE [118][121] - Fourth quarter cash margins per unit of production were $1.42, reflecting a healthy 44% margin despite lower commodity prices [121] - The company reduced net debt by an aggregate of $1.2 billion over the past two years and returned capital to shareholders totaling $535 million [88] Business Line Data and Key Metrics Changes - The company plans to maintain a production profile of approximately 2.12 BCF equivalent per day to 2.16 BCF equivalent per day, with a focus on liquids-rich production [66] - Approximately 640,000 lateral feet from 50 new wells are expected to go into production in 2024, with more than half being drilled on pads with existing production [77] - The average daily lateral footage drilled in 2023 was over 4,600 feet per day, a 38% increase from the previous year [68] Market Data and Key Metrics Changes - The company expects near-term natural gas prices to remain challenging, but anticipates long-term growth in global demand for U.S. natural gas [83][84] - The weighted average NGL price was $24.91 per barrel in Q4, a $2.42 per barrel premium to the Mont Belvieu Index, driven by strong seasonal butane values [113] - The company has approximately 55% of 2024 natural gas hedged with an average floor price of $3.70, providing stability in cash flow [124] Company Strategy and Development Direction - The company is focused on maximizing the value of its multi-decade project inventory while generating free cash flow and prudently returning capital [123] - Investments in water infrastructure are planned to support low D&C and LOE costs in the future, with a focus on maintaining operational efficiencies [65][152] - The company aims to maintain flexibility in its capital allocation strategy, balancing between share repurchases and debt reduction [102][161] Management's Comments on Operating Environment and Future Outlook - Management highlighted the resilience of the business in a low price environment, emphasizing the ability to generate free cash flow through cycles [125] - The company expects to see a ramp-up in production in the second half of 2024, with a consistent production profile similar to previous years [50][67] - Management noted that the current environment could provide opportunities for consolidation in the sector, but any M&A would need to align with the company's strategic objectives [99][134] Other Important Information - The company has a strong balance sheet with federal NOL carryforwards totaling $1.8 billion, which will reduce taxable income in the coming years [122] - The company achieved several new completion efficiency records, including nine stages per day and a record of 17 stages completed in a 24-hour period [80] - The company plans to maintain a flexible hedge program to cover fixed costs and capital commitments, which is beneficial in periods of price weakness [63][92] Q&A Session Summary Question: What is the company's strategy regarding gas production and market conditions? - Management indicated that they can adjust the timing of completions based on market conditions and basin fundamentals, allowing for flexibility in production [3][128] Question: How does the company view its capital allocation strategy moving forward? - The company emphasized a flexible approach to capital allocation, favoring share repurchases when prices are low while maintaining a focus on debt reduction [102][161] Question: What are the expectations for production levels in 2024? - The company expects production to ramp up in the second half of 2024, with a consistent profile similar to previous years, driven by new turning lines [50][67]

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% ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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 Othe ...

Financial Data and Key Metrics Changes - The second quarter cash flow totaled $187 million, funding capital expenditures and dividends while maintaining balance sheet strength [30][34] - Realized unit price was $2.47 per Mcfe, which is $0.37 above NYMEX Henry Hub [34] - Cash interest expense declined by $9 million compared to Q2 last year, equating to $0.05 per Mcfe in savings [37] Business Line Data and Key Metrics Changes - Production for Q2 was 2.08 BCF equivalent per day, slightly ahead of guidance [13] - The average daily lateral footage drilled exceeded 4,700 feet per day in Q2, representing a 42% increase compared to the previous year [17] - Completions averaged over 10 stages per day throughout the quarter, with a 13% increase in frac stages per day compared to the previous year [18] Market Data and Key Metrics Changes - NGL prices were historically low in Q2 but are expected to improve later in the year due to robust LPG exports and recovering petrochemical demand [22][23] - Ethane prices have shown recovery, supported by strong domestic and export demand, averaging 2.5 million barrels a day year-to-date [23] - The domestic natural gas market is expected to gradually rebalance later this year, with increased LNG exports anticipated next year [24] Company Strategy and Development Direction - The company aims to maintain peer-leading capital efficiency, generate free cash flow, and return capital to shareholders while balancing debt reduction and opportunistic share repurchases [7][33] - The focus remains on developing high-quality assets and enhancing the position to participate in demand growth through low-cost, long-life inventory [33][46] - The company is committed to safety and environmental leadership, achieving low emissions intensity and completing the MIQ certification process with an A grade [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business despite low commodity prices, highlighting the ability to generate free cash flow [28][46] - The company is optimistic about the future demand for natural gas and NGLs, positioning itself to lead in capital efficiency and emissions intensity [51][52] - Management noted that the current pricing environment allows for visibility into the economic durability of assets across the E&P space [32] Other Important Information - The company has reduced debt by approximately $2.5 billion since 2018, nearing its target net debt range of $1 billion to $1.5 billion [43][44] - The cash balance at the end of Q2 was $162 million, providing ample liquidity for operations and market opportunities [42] Q&A Session Summary Question: Discussion on turn-in-line disclosure versus CapEx - Management explained that the lower percentage of turn-in-lines compared to higher CapEx is due to increased drilling activity in Q2, with most turn-in-lines expected in Q3 [54][58] Question: Thoughts on pulling capital from 2024 to 2023 - Management confirmed that internal discussions about optimizing capital allocation for 2024 are ongoing, allowing for flexibility in the program [60][62] Question: Insights on cost inflation and implications for 2024 - Management noted early signs of relief in costs, particularly in tubular goods, while some equipment remains in high demand [66][70] Question: Hedging strategy for 2025 - Management indicated that while they are currently 80% unhedged for 2025, they will monitor market developments and adjust their hedging strategy accordingly [76] Question: Capital allocation priorities - Management emphasized that debt reduction remains a priority, but they are also open to share repurchases if market conditions allow [78][85] Question: Maintenance mode on production outlook - Management stated that maintenance mode will continue into 2024, but they are optimistic about future growth opportunities driven by LNG and inventory exhaustion [88][89] Question: Maintaining capital efficiency with increased activity - Management highlighted their focus on logistics and operational efficiencies to sustain capital efficiency as activity levels rise [92][96] Question: Recent strength in ethane pricing - Management attributed the recent strength in ethane pricing to tight fundamentals and increased demand, while cautioning that prices may not remain at current highs [100][106]