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Exhibit 99.1 NEWS RELEASE Range Announces First Quarter 2021 Financial Results FORT WORTH , TEXAS , April 26 , 2021 ... RANGE RESOURCES CORPORATION ( NYSE : RRC ) today announced its first quarter 2021 financial results . Highlights - • • Realizations before index hedges of $ 3.20 per mcfe , or approximately $ 0.51 above NYMEX natural gas . Pre - hedge NGL realization of $ 26.35 per barrel , highest since late 2018 . • NGL differential of $ 1.52 per barrel above Mont Belvieu , best in Company history . • Natural gas differentials , including basis hedging , averaged $ 0.14 per mcf below NYMEX . • Production averaged 2,081 Mmcfe per day , approximately 70 % natural gas . All - in first quarter capital spending was $ 105 million , approximately 25 % of the annual budget . Approximately 45 % of pre - hedge revenue from liquids sales . In March , Range's $ 3.0 billion borrowing base and $ 2.4 billion elected commitment were reaffirmed . In April , Range redeemed approximately $ 63.3 million of senior notes and senior subordinated notes due between 2021 and 2023 . Commenting on the quarter , Jeff Ventura , the Company's CEO said , “ Range continues to make progress on key near - term objectives : improving margins with a focus on cost structure , generating free cash flow , enhancing liquidity , and operating safely while maintaining peer- leading capital efficiency . There were sizable improvements in pricing quarter - over - quarter leading to Range's $ 193 million in cash flow from operations before changes in working capital . The corresponding capital spending of $ 105 million generated solid free cash flow for the quarter . Range remains committed to disciplined capital spending and generating sustainable free cash flow . Over time , we believe Range will be differentiated as a result of our low sustaining capital , competitive cost structure , marketing strategies , environmental leadership and importantly , our multi - decade core inventory life , which will be an increasing competitive advantage in the years to come . " 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 , stock - based 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 , production and ad valorem taxes , general and administrative , interest and depletion , depreciation and amortization costs divided by production . See " Non - GAAP Financial Measures " for a definition of each of the non - GAAP financial measures and the tables that reconcile each of the non - GAAP measures to their most directly comparable GAAP financial measure . First Quarter 2021 GAAP revenues for first quarter 2021 totaled $ 626 million , GAAP net cash provided from operating activities ( including changes in working capital ) was $ 109 million , and GAAP net income was $ 27 million ( $ 0.11 per diluted share ) . First quarter earnings results include a $ 58 million derivative fair value loss due to increases in commodity prices . Non - GAAP revenues for first quarter 2021 totaled $ 645 million , and cash flow from operations before changes in working capital , a non- GAAP measure , was $ 193 million . Adjusted net income comparable to analysts ' estimates , a non - GAAP measure , was $ 73 million ( $ 0.30 per diluted share ) in first quarter 2021 .