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RANGE RESOURCES CORP

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

RRC$48.85+0.3%Stored close · as of Nov 9, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

For the fiscal year ended December 31,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number:001-12209

(Exact Name of Registrant as Specified in Its Charter)

Delaware34-1312571
(State or Other Jurisdiction of Incorporation or Organization)(IRS Employer Identification No.)
100 Throckmorton Street, Suite 1200, Fort Worth, Texas76102
(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code(817)870-2601

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of each exchange on which registered
Common Stock, $.01 par valueRRCNew York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Smaller reporting company☐
Accelerated filer☐Emerging growth company☐
Non-accelerated filer☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act: ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☒

The aggregate market value of the voting and non-voting common equity held by non-affiliates as of June 30, 2024 was $8,033,163,000. This amount is based on the closing price of the registrant's common stock on the New York Stock Exchange on the last trading day of the month. Shares of common stock held by executive officers and directors of the registrant and treasury shares held by the registrant are not included in the computation.

As of February 21, 2025, there were 241,330,871 shares of Range Resources Corporation common stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s definitive proxy statement to be furnished to stockholders in connection with its 2025 Annual Meeting of Stockholders, which will be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates, are incorporated by reference in Part II, Item 5 and Part III, Items 10-14 of this report.

Unless the context otherwise indicates, all references in this report to "Range," "we," "us" or "our" are to Range Resources Corporation and its directly and indirectly owned subsidiaries. Unless otherwise noted, all information in the report relating to natural gas, natural gas liquids and oil reserves and the estimated future net cash flows attributable to those reserves are based on estimates and are net to our interest. If you are not familiar with the oil and gas terms used in this report, please refer to the explanation of such terms under the caption "Glossary of Certain Defined Terms."

TABLE OF CONTENTS

Page
Glossary of Certain Defined Termsiii
PART I
ITEMS 1. & 2.Business and Properties1
General1
Available Information1
Our Business Strategy1
Outlook for 20252
Property Overview and Geographical Information3
Proved Reserves3
Production, Sales Price and Production Costs4
Producing Wells5
Drilling Activity5
Gross and Net Acreage5
Undeveloped Acreage Expirations6
Title to Properties6
Competition6
Marketing and Customers7
Seasonal Nature of Business7
Markets7
Human Capital Management7
Executive Officers of the Registrant8
Governmental Regulation9
Environmental and Occupational Health and Safety Matters11
ITEM 1A.Risk Factors16
ITEM 1B.Unresolved Staff Comments27
ITEM 1C.Cybersecurity28
ITEM 3.Legal Proceedings28
ITEM 4.Mine Safety Disclosures29
PART II
ITEM 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities30
Market for Common Stock30
Holders of Record30
Dividends30
Equity Compensation Plan Information30
Purchases of Equity Securities by Issuer and Affiliated Purchasers30
Stockholder Return Performance Presentation31

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TABLE OF CONTENTS (continued)

Page
ITEM 6.[Reserved]31
ITEM 7.Management's Discussion and Analysis of Financial Condition and Results of Operations32
Management's Discussion and Analysis of Results of Operations32
Management's Discussion and Analysis of Financial Condition, Cash Flows, Capital Resources and Liquidity41
Management's Discussion of Critical Accounting Estimates45
ITEM 7A.Quantitative and Qualitative Disclosures about Market Risk47
Commodity Price Risk47
Derivative Instruments47
Other Commodity Risk47
Commodity Sensitivity Analysis48
Counterparty Risk48
Interest Rate Risk48
ITEM 8.Financial Statements and Supplementary DataF-1
ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure49
ITEM 9A.Controls and Procedures49
ITEM 9B.Other Information49
ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections49
PART III
ITEM 10.Directors, Executive Officers and Corporate Governance50
ITEM 11.Executive Compensation50
ITEM 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters50
ITEM 13.Certain Relationships and Related Transactions, and Director Independence50
ITEM 14.Principal Accountant Fees and Services50
PART IV
ITEM 15.Exhibits and Financial Statement Schedules51
SIGNATURES53

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.