RANGE RESOURCES CORP

At times, we are also exposed to market risks related to changes in interest rates. At December 31, 2025, we had total debt of $1.2 billion, of which 90% was based on fixed interest rates and 10% was based on variable rates. The redemption of our 8.25% senior notes due 2029 utilizing borrowings on our credit facility in January 2026 increased the portion our debt that is based on variable rates to approximately 50% as of January 31, 2026. Our credit facility provides for variable interest rate borrowings, which had a balance of $118.0 million and incurred a weighted average interest at a rate of 6.2% as of December 31, 2025. The 30-day SOFR rate at December 31, 2025 was approximately 3.7%. A 1% increase in short-term interest rates on the floating-rate debt outstanding on December 31, 2025 would have resulted in approximately $1.2 million in additional annual interest expense. See Note 6 to our consolidated financial statements for more information about our senior notes.