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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts on accounts receivable	$ 308,000	$ 308,000
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	475,000,000	475,000,000
Common stock, shares issued	267,310,053	265,756,369
Common stock held in treasury, shares	24,716,065	24,716,065

Revenues from Contracts with Customers

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenues from Contracts with Customers

(4) REVENUES FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue

We have three material revenue streams in our business: natural gas sales, NGLs sales and condensate sales (referred to below as oil sales). Brokered revenue attributable to each product sales type is included here because the volume of product that we purchase is subsequently sold to separate counterparties in accordance with existing sales contracts under which we also sell our production. Other marketing revenue for the three months ended March 31, 2023 includes the receipt of a $3.6 million make-whole payment. Accounts receivable attributable to our revenue contracts with customers was $161.3 million at March 31, 2024 and $263.9 million at December 31, 2023. Revenue attributable to each of our identified revenue streams is disaggregated below (in thousands):


	Three Months Ended March 31,
	2024		2023
Natural gas sales	$	271,475	$	441,580
NGLs sales		256,076		256,440
Oil sales		39,450		38,262
Total natural gas, NGLs and oil sales		567,001		736,282
Sales of purchased natural gas		26,200		75,060
Sales of purchased NGLs		236		368
Interest income		2,943		957
Other marketing revenue		2,391		5,726
Total	$	598,771	$	818,393

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Derivative Activities - Combined Fair Value of Derivatives, by Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Gross Amounts of Recognized Assets	$ 406,393	$ 452,378
Gross amounts offset in the consolidated balance sheets	(28,313)	(9,407)
Net amounts of assets presented in the consolidated balance sheets	378,080	442,971
Gross Amounts of Recognized (Liabilities)	(39,527)	(9,736)
Gross amounts offset in the consolidated balance sheets	28,313	9,407
Net amounts of (liabilities) presented in the consolidated balance sheets	$ (11,214)	$ (329)

Asset Retirement Obligations

3 Months Ended

Mar. 31, 2024

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

(9) ASSET RETIREMENT OBLIGATIONS

Our asset retirement obligations primarily represent the estimated present value of the amounts we will incur to plug, abandon and remediate our producing properties at the end of their productive lives. Significant inputs used in determining such obligations include estimates of plugging and abandonment costs, estimated future inflation rates and well lives. The inputs are calculated based on historical data as well as current estimated costs. A reconciliation of our liability for plugging and abandonment costs for the three months ended March 31, 2024 and the year ended December 31, 2023 is as follows (in thousands):


	Three Months Ended March 31, 2024			Year Ended December 31, 2023
Beginning of period	$	117,429		$	109,851
Liabilities incurred		831			2,047
Liabilities settled		(582	)		(3,039	)
Accretion expense		1,604			6,000
Change in estimate		631			2,570
End of period		119,913			117,429
Less current portion		(2,395	)		(2,395	)
Long-term asset retirement obligations	$	117,518		$	115,034

Accretion expense is recognized as a component of depreciation, depletion and amortization expense in the accompanying consolidated statements of income.

Fair Value Measurements - Carrying Amounts and Fair Values of Financial Instruments (Detail) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Reported Value Measurement

Assets:

Commodity derivatives

$ 378,080

$ 442,971

Marketable securities

^[1]

65,100

71,989

(Liabilities):

Commodity derivatives

(11,214)

(329)

Bank credit facility

^[2]

Deferred compensation plan

^[3]

(115,487)

(117,125)

Estimate of Fair Value Measurement

Assets:

Commodity derivatives

378,080

442,971

Marketable securities

^[1]

65,100

71,989

(Liabilities):

Commodity derivatives

(11,214)

(329)

Bank credit facility

^[2]

Deferred compensation plan

^[3]

(115,487)

(117,125)

4.875% Senior Notes Due 2025 | Reported Value Measurement

(Liabilities):

Senior notes

^[2]

(669,017)

(688,388)

4.875% Senior Notes Due 2025 | Estimate of Fair Value Measurement

(Liabilities):

Senior notes

^[2]

(664,019)

(679,363)

8.25% senior notes due 2029 | Reported Value Measurement

(Liabilities):

Senior notes

^[2]

(600,000)

8.25% senior notes due 2029 | Estimate of Fair Value Measurement

(Liabilities):

Senior notes

^[2]

(624,066)

(624,816)

4.75% senior subordinated notes due 2030 | Reported Value Measurement

(Liabilities):

Senior notes

^[2]

(500,000)

4.75% senior subordinated notes due 2030 | Estimate of Fair Value Measurement

(Liabilities):

Senior notes

^[2]

$ (466,280)

$ (463,085)

[1]	Marketable securities, which are held in our deferred compensation plans, are actively traded on major exchanges.
[2]	The book value of our bank debt approximates fair value because of its floating rate structure. The fair value of our senior notes is based on end of period market quotes which are Level 2 inputs.
[3]	The fair value of our deferred compensation plan is updated to the closing price on the balance sheet date, which is a Level 1 input.

Derivative Activities - Additional Information (Detail) $ in Millions	Mar. 31, 2024 USD ($) MMBTU
Derivatives Excluding Basis Swaps
Derivative [Line Items]
Derivative assets liabilities at fair value net	$ 393.9
Commodity \| Natural Gas Basis Swaps
Derivative [Line Items]
Derivative assets liabilities at fair value net	$ 27.0
Volume Hedged \| MMBTU	323,405,000

Derivative Activities - Effects of Derivatives on Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Derivative Fair Value Income	$ 46,598	$ 367,967
Contingent Consideration
Derivative [Line Items]
Derivative Fair Value Income	0	(3,920)
Swaptions
Derivative [Line Items]
Derivative Fair Value Income	(1,059)	0
Three Way Collars
Derivative [Line Items]
Derivative Fair Value Income	6,483	50,814
Collars
Derivative [Line Items]
Derivative Fair Value Income	41,971	160,571
Basis Swaps
Derivative [Line Items]
Derivative Fair Value Income	(33,439)	(48,590)
Commodity \| Swaps
Derivative [Line Items]
Derivative Fair Value Income	$ 32,642	$ 209,092

Stock-Based Compensation Plans - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2024 Plans
Share-Based Payment Arrangement [Abstract]
Active equity-based stock plans	2

Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

New Accounting Standards

Not Yet Adopted

There were no issued or pending accounting standards expected to have a material impact on our consolidated financial statements.

Fair Value Measurements - Fair Value Hierarchy Table for Assets and Liabilities Measured at Fair Value (Detail) - Fair Value, Recurring - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities held in the deferred compensation plan	$ 65,100	$ 71,989
Commodity \| Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	228,060	247,580
Commodity \| Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	146,378	152,540
Commodity \| Three-Way Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	21,635	25,406
Commodity \| Basis Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	(26,987)	18,277
Commodity \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	(2,220)	(1,161)
Fair Value, Inputs, Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities held in the deferred compensation plan	65,100	71,989
Fair Value, Inputs, Level 1 \| Commodity \| Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 1 \| Commodity \| Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 1 \| Commodity \| Three-Way Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 1 \| Commodity \| Basis Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 1 \| Commodity \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities held in the deferred compensation plan	0	0
Fair Value, Inputs, Level 2 \| Commodity \| Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	228,060	247,580
Fair Value, Inputs, Level 2 \| Commodity \| Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	146,378	152,540
Fair Value, Inputs, Level 2 \| Commodity \| Three-Way Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	21,635	25,406
Fair Value, Inputs, Level 2 \| Commodity \| Basis Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	(26,987)	18,277
Fair Value, Inputs, Level 2 \| Commodity \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities held in the deferred compensation plan	0	0
Fair Value, Inputs, Level 3 \| Commodity \| Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 3 \| Commodity \| Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 3 \| Commodity \| Three-Way Collars
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 3 \| Commodity \| Basis Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	0	0
Fair Value, Inputs, Level 3 \| Commodity \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative assets liabilities at fair value net	$ (2,220)	$ (1,161)

Derivative Activities (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Volumes Hedged and Average Hedge Prices

The following table sets forth our commodity-based derivative volumes by year as of March 31, 2024, excluding our basis swaps which are discussed separately below:


Period	Contract Type	Volume Hedged	Weighted Average Hedge Price
			Swap			Sold Put		Floor		Ceiling
Natural Gas (a)
2024	Swaps	263,818 Mmbtu/day	$	4.20
2024	Collars	438,909 Mmbtu/day						$	3.52	$	5.67
2024	Three-way Collars	78,955 Mmbtu/day			$		2.50	$	3.42	$	4.17
2025	Swaps	400,000 Mmbtu/day	$	4.12
2025	Three-way Collars	30,000 Mmbtu/day			$		2.70	$	4.00	$	5.00
2026	Swaps	60,000 Mmbtu/day	$	4.15

Crude Oil (b)
2024	Swaps	4,607 bbls/day	$	80.61
April - September 2024	Collars	500 bbls/day						$	80.00	$	90.00

NGLs (C3-Propane)
2024	Swaps	6,767 bbls/day	$	33.58


(a)	We also sold natural gas swaptions of 40,000 Mmbtu/day for calendar year 2026 at a weighted average price of $4.11/Mmbtu that expire June 2024.
(b)	We also sold crude oil swaptions of 2,500 bbls/day for calendar year 2025 at a weighted average price of $80.00/bbl that expire through September 2024.

Combined Fair Value of Derivatives, by Consolidated Balance Sheets

The combined fair value of derivatives included in the accompanying consolidated balance sheets as of March 31, 2024 and December 31, 2023 is summarized below. The assets and liabilities are netted where derivatives with both gain and loss positions are held by a single counterparty and we have master netting arrangements. The tables below provide additional information relating to our master netting arrangements with our derivative counterparties (in thousands):


	March 31, 2024			December 31, 2023
Derivative assets:
Gross amounts of recognized assets	$	406,393		$	452,378
Gross amounts offset in the consolidated balance sheets		(28,313	)		(9,407	)
Net amounts of assets presented in the consolidated balance sheets	$	378,080		$	442,971


	March 31, 2024			December 31, 2023
Derivative (liabilities):
Gross amounts of recognized (liabilities)	$	(39,527	)	$	(9,736	)
Gross amounts offset in the consolidated balance sheets		28,313			9,407
Net amounts of (liabilities) presented in the consolidated balance sheets	$	(11,214	)	$	(329	)

Effects of Derivatives on Consolidated Statements of Income

The effects of our derivatives on our consolidated statements of income are summarized below (in thousands):



	Three Months Ended March 31,
	2024			2023
Derivative Fair Value Income
Commodity swaps	$	32,642		$	209,092
Swaptions		(1,059	)		—
Three-way collars		6,483			50,814
Collars		41,971			160,571
Basis swaps		(33,439	)		(48,590	)
Divestiture contingent consideration		—			(3,920	)
Total derivative fair value income	$	46,598		$	367,967

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References + Details

Indebtedness (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Debt Outstanding

We had the following debt outstanding as of the dates shown below. No interest was capitalized during the three months ended March 31, 2024 or the year ended December 31, 2023 (in thousands).


	March 31, 2024			December 31, 2023
Bank debt	$	—		$	—
Senior notes:
4.875% senior notes due 2025		669,017			688,388
8.25% senior notes due 2029		600,000			600,000
4.75% senior notes due 2030		500,000			500,000
Total senior notes		1,769,017			1,788,388
Unamortized debt issuance costs		(13,304	)		(14,159	)
Total debt, net of debt issuance costs	$	1,755,713		$	1,774,229

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

Costs Incurred for Property Acquisition, Exploration and Development (Tables)

3 Months Ended

Mar. 31, 2024

Extractive Industries [Abstract]

Costs Incurred for Property Acquisition, Exploration and Development


	Three Months Ended March 31, 2024		Year Ended December 31, 2023
	(in thousands)
Acquisitions:
Acreage purchases	$	14,196	$	40,067
Development		152,038		568,484
Exploration:
Drilling		—		—
Expense		4,202		25,280
Stock-based compensation expense		324		1,250
Gas gathering facilities:
Development		2,626		3,123
Subtotal		173,386		638,204
Asset retirement obligations		1,462		4,616
Total costs incurred	$	174,848	$	642,820

(a) Includes costs incurred whether capitalized or expensed.

Indebtedness

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Indebtedness

(8) INDEBTEDNESS

We had the following debt outstanding as of the dates shown below. No interest was capitalized during the three months ended March 31, 2024 or the year ended December 31, 2023 (in thousands).


	March 31, 2024			December 31, 2023
Bank debt	$	—		$	—
Senior notes:
4.875% senior notes due 2025		669,017			688,388
8.25% senior notes due 2029		600,000			600,000
4.75% senior notes due 2030		500,000			500,000
Total senior notes		1,769,017			1,788,388
Unamortized debt issuance costs		(13,304	)		(14,159	)
Total debt, net of debt issuance costs	$	1,755,713		$	1,774,229

Bank Debt

In April 2022, we entered into an amended and restated revolving bank facility, which we refer to as our bank debt or our bank credit facility, which is secured by substantially all of our assets and has a maturity date of April 14, 2027. The bank credit facility provides for a maximum facility amount of $4.0 billion and an initial borrowing base of $3.0 billion. The bank credit facility also provides for a borrowing base subject to redeterminations and for event-driven unscheduled redeterminations. As of March 31, 2024, our bank group was composed of seventeen financial institutions. The borrowing base may be increased or decreased based on our request and sufficient proved reserves, as determined by the bank group. The commitment amount may be increased to the borrowing base, subject to payment of a mutually acceptable commitment fee to those banks agreeing to participate in the facility increase. Borrowings under the bank credit facility can either be at the alternate base rate (ABR, as defined in the bank credit facility agreement) plus a spread ranging from 0.75% to 1.75% or at the secured overnight financing rate (SOFR, as defined in the bank credit facility agreement) plus a spread ranging from 1.75% to 2.75%. The applicable spread is dependent upon borrowings relative to the borrowing base. We may elect, from time to time, to convert all or any part of our SOFR loans to base rate loans or to convert all or any part of the base rate loans to SOFR loans. We had no outstanding balance on our credit facility during first quarter 2024. The weighted average interest rate was 8.4% for first quarter 2023. A commitment fee is paid on the undrawn balance based on an annual rate of 0.375% to 0.50%. At March 31, 2024, the commitment fee was 0.375% and the interest rate margin was 0.75% on our ABR loans and 1.75% on our SOFR loans.

As part of our redetermination completed in March 2024, our borrowing base was reaffirmed at $3.0 billion and our bank commitment was also reaffirmed at $1.5 billion. On March 31, 2024, we had no outstanding borrowings on our bank credit facility. We had $173.4 million of undrawn letters of credit, leaving $1.3 billion of committed borrowing capacity available under the facility.

Senior Note Redemptions

If we experience a change of control, noteholders may require us to repurchase all or a portion of our senior notes at 101% of the aggregate principal amount plus accrued and unpaid interest, if any. We currently intend to retire our outstanding long-term debt as it matures, is callable or when market conditions are favorable to repurchase in the open market.

In first quarter 2024, we repurchased in the open market $15.1 million principal amount of our 4.875% senior notes due 2025 at a discount. We also repurchased an additional $4.3 million principal of our 4.875% senior notes that was not settled until April 2024 and is included in accounts payable in the consolidated balance sheets. We recognized a gain on early extinguishment of debt for these transactions of $64,000, net of remaining deferred financing costs on the repurchased debt. Although we have no obligation to do so, we may continue, from time-to-time, to retire our outstanding debt through privately negotiated transactions, open market repurchases, redemptions or otherwise.

Guarantees

Range is a holding company that owns no operating assets and has no significant operations independent of its subsidiaries. The guarantees by our subsidiaries, which are directly or indirectly owned by Range, of our senior notes and our bank credit facility are full and unconditional and joint and several, subject to certain customary release provisions. The assets, liabilities and results of operations of Range and our guarantor subsidiaries are not materially different than our consolidated financial statements. A subsidiary guarantor may be released from its obligations under the guarantee:

•

in the event of a sale or other disposition of all or substantially all of the assets of the subsidiary guarantor or a sale or other disposition of all the capital stock of the subsidiary guarantor, to any corporation or other person (including an unrestricted subsidiary of Range) by way of merger, consolidation, or otherwise; or

•

if Range designates any restricted subsidiary that is a guarantor to be an unrestricted subsidiary in accordance with the terms of the indenture.

Debt Covenants

Our bank credit facility contains negative covenants that limit our ability, among other things, to pay cash dividends, incur additional indebtedness, sell assets, enter into certain hedging contracts, change the nature of our business or operations, merge, consolidate or make certain investments. We are required to maintain a maximum consolidated debt to EBITDAX ratio (as defined in the bank credit facility agreement) of 3.75x and a minimum current ratio (as defined in the bank credit facility agreement) of 1.0x. We were in compliance with applicable covenants under the bank credit facility at March 31, 2024.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Section S99
-Paragraph 1
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-URI https://asc.fasb.org//470/tableOfContent

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+ Details

Stock-Based Compensation Plans - Allocation of Stock-Based Compensation by Functional Category (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 11,507	$ 10,996
Direct Operating Expense
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	497	415
Brokered Natural Gas and Marketing Expense
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	708	661
Exploration Expense
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	324	320
General and Administrative Expense
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 9,978	$ 9,600

Exit Costs - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
North Louisiana
Restructuring Cost And Reserve [Line Items]
Accretion Expense	$ 10.3	$ 10.2
Exit cost	379.8
Pennsylvania \| Capacity Releases on Transportation Pipelines
Restructuring Cost And Reserve [Line Items]
Exit cost	$ 1.9

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues and other income:
Total Revenues from Contracts with Customers	$ 598,771	$ 818,393
Derivative fair value income	46,598	367,967
Total revenues and other income	645,369	1,186,360
Costs and expenses:
Taxes other than income	5,368	7,894
Brokered natural gas and marketing	31,603	67,068
Exploration	4,526	4,604
Abandonment and impairment of unproved properties	2,371	7,510
General and administrative	43,941	43,146
Exit costs	10,315	12,323
Deferred compensation plan	6,405	9,396
Interest	30,476	32,202
Gain on early extinguishment of debt	(64)	0
Depletion, depreciation and amortization	87,137	86,562
Gain on the sale of assets	(87)	(138)
Total costs and expenses	535,027	583,034
Income before income taxes	110,342	603,326
Income tax expense:
Current	1,582	2,699
Deferred	16,622	119,180
Income tax expense (benefit)	18,204	121,879
Net income	$ 92,138	$ 481,447
Net income per common share:
Basic	$ 0.38	$ 1.98
Diluted	0.38	1.95
Dividends declared per share	$ 0.08	$ 0.08
Weighted average common shares outstanding:
Basic	240,505	238,019
Diluted	242,406	240,882
Natural Gas, NGLs and Oil Sales
Revenues and other income:
Total Revenues from Contracts with Customers	$ 567,001	$ 736,282
Brokered Natural Gas, Marketing and Other
Revenues and other income:
Total Revenues from Contracts with Customers	31,770	82,111
Direct Operating
Costs and expenses:
Costs and expenses	22,161	26,984
Transportation, Gathering, Processing and Compression
Costs and expenses:
Costs and expenses	$ 290,875	$ 285,483

Revenues from Contracts with Customers - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) Stream	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Disaggregation of Revenue [Line Items]
Number of revenue streams \| Stream	3
Other marketing revenue
Disaggregation of Revenue [Line Items]
Payments received for contracted sales volumes not accepted by customers		$ 3.6
Revenue Contract with Customer
Disaggregation of Revenue [Line Items]
Accounts receivable	$ 161.3		$ 263.9

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Indebtedness - Debt Covenants - Additional Information (Detail) - Bank Credit Facility	3 Months Ended
	Mar. 31, 2024
Debt Instrument [Line Items]
Debt instrument, covenant compliance	Our bank credit facility contains negative covenants that limit our ability, among other things, to pay cash dividends, incur additional indebtedness, sell assets, enter into certain hedging contracts, change the nature of our business or operations, merge, consolidate or make certain investments. We are required to maintain a maximum consolidated debt to EBITDAX ratio (as defined in the bank credit facility agreement) of 3.75x and a minimum current ratio (as defined in the bank credit facility agreement) of 1.0x. We were in compliance with applicable covenants under the bank credit facility at March 31, 2024.
Minimum
Debt Instrument [Line Items]
Current ratio	100.00%
Maximum
Debt Instrument [Line Items]
Ratio of debt to EBITDAX	375.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	(5) INCOME TAXES We evaluate and update our annual effective income tax rate on a quarterly basis based on current and forecasted operating results and tax laws. Consequently, based upon the mix and timing of our actual earnings compared to annual projections, our effective tax rate may vary quarterly and may make comparisons not meaningful. For the three months ended March 31, 2024 and 2023, our overall effective tax rate was different than the federal statutory rate due primarily to state income taxes, equity compensation and the limitation of executive compensation. Current income taxes reflect estimated state and federal income taxes due for 2024 which is based on our estimated earnings, taking into account all applicable tax rates and laws.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

Capital Stock (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Changes in Number of Common Shares Outstanding

The following is a schedule of changes in the number of common shares outstanding since the beginning of 2023:


	Three Months Ended March 31, 2024		Year Ended December 31, 2023
Beginning balance		241,040,304		238,885,730
Restricted stock grants		7,932		50,238
Restricted stock units vested		1,083,521		1,755,345
Performance stock units issued		455,317		1,057,245
Performance stock dividends		6,914		6,276
Treasury shares		—		(714,530	)
Ending balance		242,593,988		241,040,304

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Common stock held in treasury	Additional paid-in capital	Accumulated other comprehensive income (loss)	Retained deficit
Beginning balance at Dec. 31, 2022	$ 2,876,006	$ 2,629	$ (429,659)	$ 5,764,970	$ 467	$ (2,462,401)
Beginning balance Shares at Dec. 31, 2022		262,887,000	(24,002,000)
Issuance of common stock	(33,935)	$ 28	$ 0	(33,963)	0	0
Issuance of common stock, shares		2,974,000
Issuance of common stock upon vesting of PSUs	0	$ 0	0	278	0	(278)
Issuance of common stock upon vesting of PSUs, shares		6,000
Stock-based compensation expense	9,096	$ 0	0	9,096	0	0
Dividends ($0.08 per share)	(19,334)					(19,334)
Treasury stock issuance	0	0	$ 20	(20)	0	0
Treasury stock issuance, shares			1,000
Treasury stock repurchased	(7,737)	0	$ (7,737)	0	0	0
Treasury stock repurchased, shares			(323,000)
Excise tax on stock repurchases	(97)	0	$ (97)	0	0	0
Other comprehensive income (loss)	9	0	0	0	9	0
Net income	481,447	0	0	0	0	481,447
Ending balance at Mar. 31, 2023	3,305,455	$ 2,657	$ (437,473)	5,740,361	476	(2,000,566)
Ending balance Shares at Mar. 31, 2023		265,867,000	(24,324,000)
Beginning balance at Dec. 31, 2022	2,876,006	$ 2,629	$ (429,659)	5,764,970	467	(2,462,401)
Beginning balance Shares at Dec. 31, 2022		262,887,000	(24,002,000)
Ending balance at Dec. 31, 2023	$ 3,765,551	$ 2,658	$ (448,681)	5,879,705	647	(1,668,778)
Ending balance Shares at Dec. 31, 2023	265,756,369	265,756,000	(24,716,000)
Issuance of common stock	$ (22,413)	$ 15	$ 0	(22,428)	0	0
Issuance of common stock, shares		1,547,000
Issuance of common stock upon vesting of PSUs	0	$ 0	0	361	0	(361)
Issuance of common stock upon vesting of PSUs, shares		7,000
Stock-based compensation expense	10,979	$ 0	0	10,979	0	0
Dividends ($0.08 per share)	(19,473)					(19,473)
Other comprehensive income (loss)	(15)	0	0	0	(15)	0
Net income	92,138	0	0	0	0	92,138
Ending balance at Mar. 31, 2024	$ 3,826,767	$ 2,673	$ (448,681)	$ 5,868,617	$ 632	$ (1,596,474)
Ending balance Shares at Mar. 31, 2024	267,310,053	267,310,000	(24,716,000)

Indebtedness - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Interest capitalized during the period	$ 0	$ 0

Stock-Based Compensation Plans

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation Plans

(12) STOCK-BASED COMPENSATION PLANS

Description of the Plans

We have two active equity-based stock plans: our Amended and Restated 2005 Equity-Based Incentive Compensation Plan and our Amended and Restated 2019 Equity-Based Compensation Plan. Under these plans, various awards may be issued to non-employee directors and employees pursuant to decisions of the Compensation Committee, which is composed of only non-employee, independent directors.

Total Stock-Based Compensation Expense

Stock-based compensation represents amortization of restricted stock and performance units. The following details the allocation of stock-based compensation to functional expense categories (in thousands):


	Three Months Ended March 31,
	2024		2023
Direct operating expense	$	497	$	415
Brokered natural gas and marketing expense		708		661
Exploration expense		324		320
General and administrative expense		9,978		9,600
Total stock-based compensation expense	$	11,507	$	10,996

The mark-to-market adjustment of the liability related to the vested restricted stock Liability Awards held in our deferred compensation plan is directly tied to the change in our stock price and not directly related to the functional expenses and therefore, is not allocated to the functional categories above.

Stock-Based Awards

Restricted Stock Awards. We grant restricted stock units and restricted stock under our equity-based stock compensation plans to our employees, which we refer to as restricted stock Equity Awards. The restricted stock units and restricted stock generally vest over a three-year period and are contingent on the recipient’s continued employment. The grant date fair value of the Equity Awards is based on the fair market value of our common stock on the date of grant. In 2023, we began granting restricted stock (previously placed in our deferred compensation plan) that vests at the end of a three-year period for employee grants and at the end of a one-year period for non-employee directors. Vesting is also based upon the employee's continued employment with us. Prior to vesting, recipients of restricted stock typically earn dividends payable in cash upon vesting but they have no voting rights prior to vesting.

The Compensation Committee also grants restricted stock to certain employees and non-employee directors of the board of directors as part of their compensation. Upon grant of these restricted shares, which we refer to as restricted stock Liability Awards, these shares are placed in our deferred compensation plan and, upon vesting, withdrawals are allowed in cash or in stock. Compensation expense is recognized over the balance of the vesting period, which is typically at the end of three years for employee grants and at the end of a one-year period for non-employee directors. In 2023, the number of shares granted into our deferred compensation plan was reduced in favor of restricted stock Equity Awards. All restricted stock Liability Awards are issued at prevailing market prices at the time of the grant and the vesting is based upon an employee’s continued employment with us. Prior to vesting, Liability Award recipients have the right to vote such stock and receive dividends thereon. These Liability Awards are classified as a liability and are remeasured at fair value each reporting period. This mark-to-market amount is reported in deferred compensation plan expense in the accompanying consolidated statements of income.

Stock-Based Performance Awards - (PSUs). We have typically granted two types of performance share awards: one based on performance conditions measured against internal performance metrics and one based on market conditions measured based on Range’s performance relative to a predetermined peer group (TSR Awards). In first quarter 2024, only TSR Awards were granted.

Each unit granted represents one share of our common stock. These units are settled in stock and the amount of the payout is based on the vesting percentage, which can range from zero to 200% and (1) the internal performance metrics achieved, which is determined by the Compensation Committee and (2) for our TSR Awards, the value of our common stock compared to our peers. Dividend equivalents accrue during the performance period and are paid in stock at the end of the performance period. The performance period is three years.

Restricted Stock – Equity Awards

In first three months 2024, we granted 1.2 million restricted stock Equity Awards to employees at an average grant date fair value of $30.23 compared to 1.6 million at an average grant date fair value of $25.01 in first three months 2023. We recorded compensation expense for these outstanding awards of $9.7 million in first three months 2024 compared to $7.5 million in the same period of 2023. Restricted stock Equity Awards are not issued until such time as they are vested and grantees do not have the option to receive cash.

Restricted Stock – Liability Awards

In first three months 2024, we granted 8,000 shares of restricted stock Liability Awards as compensation to employees at an average grant date fair value of $30.02 compared to 11,000 shares granted at an average grant date fair value of $24.70 for the same period 2023, with vesting generally at the end of a three-year period. We recorded compensation expense for these Liability Awards of $460,000 in first three months 2024 compared to $1.8 million in first three months 2023. These awards are held in our deferred compensation plan, are classified as a liability and are remeasured at fair value each reporting period. This mark-to-market amount is reported as deferred compensation expense in our consolidated statements of income (see additional discussion below).

Stock-Based Performance Awards

Internal Performance Metric Awards. These awards are expensed ratably over the service period and vest at the end of the three-year performance period. The performance metrics are set by the Compensation Committee. If the performance metric for the applicable period is not met, that portion is considered forfeited and there is an adjustment to the expense recorded. In first three months 2023, we granted 81,000 awards. We recorded compensation expense associated with the prior year grants of $477,000 in first three months 2024 compared to expense of $948,000 in first three months 2023.

TSR Awards. These awards granted are earned, or not earned, based on the comparative performance of Range’s common stock measured against a predetermined group of companies in the peer group over a three-year performance period. The fair value of the TSR Awards is estimated on the date of grant using a Monte Carlo simulation model which utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award. The fair value is recognized as stock-based compensation expense over the three-year performance period. Expected volatilities utilized in the model were estimated using a combination of a historical period consistent with the remaining performance period of three years and option-implied volatilities. The risk-free interest rate was based on the United States Treasury rate for a term commensurate with the life of the grant. The following assumptions were used to estimate the fair value of the TSR Awards granted during first three months 2024 and 2023:


	Three Months Ended March 31,
	2024			2023
Risk-free interest rate		4.1	%		3.8	%
Expected annual volatility		56	%		61	%
Grant date fair value per unit	$	31.84		$	30.37

In first three months 2024, we granted 254,000 TSR Awards compared to 64,000 in the same period of the prior year. We recorded compensation expense of $808,000 in first three months 2024 compared to $482,000 in the same period of 2023. Fair value is amortized over the performance period with no adjustment to the expense recorded for actual targets achieved.

The following is a summary of the activity for our restricted stock and performance awards at March 31, 2024:


	Restricted Stock Equity Awards					Restricted Stock Liability Awards					Stock-Based Performance Awards
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value		Number of Units (a)			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2023		1,473,805		$	22.82		93,116		$	19.44		937,582		$	17.01
Granted		1,233,483			30.23		7,932			30.02		254,195			31.84
Vested		(399,671	)		23.54		(33,141	)		16.94		(526,918	)		10.99
Forfeited		(2,603	)		25.81		—			—		—			—
Outstanding at March 31, 2024		2,305,014		$	26.66		67,907		$	21.89		664,859		$	27.45


(a)	Amounts granted reflect performance units initially granted. The actual payout will be between zero and 200% depending on achievement of either total stockholder return ranking compared to our peers at the vesting date or on the achievement of internal performance targets.

Deferred Compensation Plan

Our deferred compensation plan gives non-employee directors and officers the ability to defer all or a portion of their salaries, bonuses or director fees and invest in Range common stock or make other investments at the individual’s discretion. Range provides a partial matching contribution to officers which generally vests at the end of three years. The assets of the plan are held in a grantor trust, which we refer to as the Rabbi Trust, and are therefore available to satisfy the claims of our general creditors in the event of bankruptcy or insolvency. Our common stock held in the Rabbi Trust is treated as a liability award as employees are allowed to take withdrawals from the Rabbi Trust either in cash or in Range stock. The liability for the vested portion of the stock held in the Rabbi Trust is reflected as deferred compensation liability in the accompanying consolidated balance sheets and is adjusted to fair value each reporting period by a

charge or credit to deferred compensation plan expense on our consolidated statements of income. The assets of the Rabbi Trust, other than our common stock, are invested in marketable securities and reported at their market value as other assets in the accompanying consolidated balance sheets. The deferred compensation liability reflects the vested market value of the marketable securities and Range stock held in the Rabbi Trust. Changes in the market value of the marketable securities and changes in the fair value of the deferred compensation plan liability are charged or credited to deferred compensation plan expense each quarter. We recorded a mark-to-market loss of $6.4 million in first quarter 2024 compared to a mark-to-market loss of $9.4 million in first quarter 2023. The Rabbi Trust held 1.5 million shares (1.4 million vested shares) of Range stock at March 31, 2024 compared to 1.6 million shares (1.5 million vested shares) at December 31, 2023.

Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Computations of Basic and Diluted Income (Loss) Per Common Share

Basic income or loss per share attributable to common shareholders is computed as (1) income or loss attributable to common shareholders (2) less income allocable to participating securities (3) divided by weighted average basic shares outstanding. Diluted income or loss per share attributable to common shareholders is computed as (1) basic income or loss attributable to common shareholders (2) plus diluted adjustments to income allocable to participating securities (3) divided by weighted average diluted shares outstanding. The following sets forth a reconciliation of income or loss to basic income or loss attributable to common shareholders to diluted income or loss attributable to common shareholders (in thousands, except per share amounts):


	Three Months Ended March 31,
	2024			2023
Net income, as reported	$	92,138		$	481,447
Participating earnings (a)		(600	)		(11,163	)
Basic net income attributed to common shareholders		91,538			470,284
Reallocation of participating earnings (a)		4			124
Diluted net income attributed to common shareholders	$	91,542		$	470,408
Net income per common share:
Basic	$	0.38		$	1.98
Diluted	$	0.38		$	1.95


(a)	Restricted Stock Liability Awards represent participating securities because they participate in nonforfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.

Basic Weighted Average Common Shares Outstanding and Diluted Weighted Average Common Shares Outstanding

The following details weighted average common shares outstanding and diluted weighted average common shares outstanding (in thousands):


	Three Months Ended March 31,
	2024		2023
Weighted average common shares outstanding – basic		240,505		238,019
Effect of dilutive securities:
Director and employee restricted stock and performance based equity awards		1,901		2,863
Weighted average common shares outstanding – diluted		242,406		240,882

Stock-Based Compensation Plans - Restricted Stock and Restricted Stock Units and Performance Awards Outstanding (Detail) - $ / shares

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Restricted Stock Equity Awards

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Outstanding, Beginning Balance

1,473,805

Granted

1,233,483

1,600,000

Vested

(399,671)

Forfeited

(2,603)

Outstanding, Ending Balance

2,305,014

Outstanding, Beginning Balance, weighted average grant date fair value

$ 22.82

Granted, weighted average grant date fair value

30.23

$ 25.01

Vested and issued, weighted average grant date fair value

23.54

Forfeited, weighted average grant date fair value

25.81

Outstanding, Ending Balance, weighted average grant date fair value

$ 26.66

Restricted Stock Liability Awards

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Outstanding, Beginning Balance

93,116

Granted

7,932

Vested

(33,141)

Forfeited

Outstanding, Ending Balance

67,907

Outstanding, Beginning Balance, weighted average grant date fair value

$ 19.44

Granted, weighted average grant date fair value

30.02

Vested and issued, weighted average grant date fair value

16.94

Forfeited, weighted average grant date fair value

Outstanding, Ending Balance, weighted average grant date fair value

$ 21.89

Stock-Based Performance Awards

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Outstanding, Beginning Balance

^[1]

937,582

Granted

^[1]

254,195

Vested

^[1]

(526,918)

Forfeited

^[1]

Outstanding, Ending Balance

^[1]

664,859

Outstanding, Beginning Balance, weighted average grant date fair value

$ 17.01

Granted, weighted average grant date fair value

31.84

Vested and issued, weighted average grant date fair value

10.99

Forfeited, weighted average grant date fair value

Outstanding, Ending Balance, weighted average grant date fair value

$ 27.45

[1]


(a)	Amounts granted reflect performance units initially granted. The actual payout will be between zero and 200% depending on achievement of either total stockholder return ranking compared to our peers at the vesting date or on the achievement of internal performance targets.

Derivative Activities

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Activities

(10) DERIVATIVE ACTIVITIES

We use commodity-based derivative contracts to manage exposure to commodity price fluctuations. We do not enter into these arrangements for speculative or trading purposes. We utilize commodity swaps, collars, three-way collars or swaptions to (1) reduce the effect of price volatility of the commodities we produce and sell and (2) support our annual capital budget, fixed costs and investment plans. The fair value of our derivative contracts, represented by the estimated amount that would be realized upon termination, based on a comparison of the contract price and a reference price, generally the New York Mercantile Exchange (NYMEX) for natural gas and crude oil or Mont Belvieu for NGLs, approximated a net gain of $393.9 million at March 31, 2024. These contracts expire monthly through December 2026. The following table sets forth our commodity-based derivative volumes by year as of March 31, 2024, excluding our basis swaps which are discussed separately below:


Period	Contract Type	Volume Hedged	Weighted Average Hedge Price
			Swap			Sold Put		Floor		Ceiling
Natural Gas (a)
2024	Swaps	263,818 Mmbtu/day	$	4.20
2024	Collars	438,909 Mmbtu/day						$	3.52	$	5.67
2024	Three-way Collars	78,955 Mmbtu/day			$		2.50	$	3.42	$	4.17
2025	Swaps	400,000 Mmbtu/day	$	4.12
2025	Three-way Collars	30,000 Mmbtu/day			$		2.70	$	4.00	$	5.00
2026	Swaps	60,000 Mmbtu/day	$	4.15

Crude Oil (b)
2024	Swaps	4,607 bbls/day	$	80.61
April - September 2024	Collars	500 bbls/day						$	80.00	$	90.00

NGLs (C3-Propane)
2024	Swaps	6,767 bbls/day	$	33.58


(a)	We also sold natural gas swaptions of 40,000 Mmbtu/day for calendar year 2026 at a weighted average price of $4.11/Mmbtu that expire June 2024.
(b)	We also sold crude oil swaptions of 2,500 bbls/day for calendar year 2025 at a weighted average price of $80.00/bbl that expire through September 2024.

Every derivative instrument is required to be recorded on the balance sheet as either an asset or a liability measured at its fair value. We recognize all changes in fair value of these derivatives as earnings in derivative fair value income or loss in the periods in which they occur.

Basis Swap Contracts

In addition to the commodity derivatives described above, at March 31, 2024, we had natural gas basis swap contracts which lock in the differential between NYMEX Henry Hub and certain of our physical pricing indices. These contracts settle through December 2028 and include a total volume of 323,405,000 Mmbtu. The fair value of these contracts was a loss of $27.0 million at March 31, 2024.

Derivative Assets and Liabilities


	March 31, 2024			December 31, 2023
Derivative assets:
Gross amounts of recognized assets	$	406,393		$	452,378
Gross amounts offset in the consolidated balance sheets		(28,313	)		(9,407	)
Net amounts of assets presented in the consolidated balance sheets	$	378,080		$	442,971


	March 31, 2024			December 31, 2023
Derivative (liabilities):
Gross amounts of recognized (liabilities)	$	(39,527	)	$	(9,736	)
Gross amounts offset in the consolidated balance sheets		28,313			9,407
Net amounts of (liabilities) presented in the consolidated balance sheets	$	(11,214	)	$	(329	)

The effects of our derivatives on our consolidated statements of income are summarized below (in thousands):



	Three Months Ended March 31,
	2024			2023
Derivative Fair Value Income
Commodity swaps	$	32,642		$	209,092
Swaptions		(1,059	)		—
Three-way collars		6,483			50,814
Collars		41,971			160,571
Basis swaps		(33,439	)		(48,590	)
Divestiture contingent consideration		—			(3,920	)
Total derivative fair value income	$	46,598		$	367,967

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 92,138	$ 481,447

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
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-Paragraph 10
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-URI https://asc.fasb.org//1943274/2147480167/946-830-55-10

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-URI https://asc.fasb.org//1943274/2147483581/946-220-45-7

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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
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+ Details

Income Per Common Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Income Per Common Share

(6) INCOME PER COMMON SHARE


	Three Months Ended March 31,
	2024			2023
Net income, as reported	$	92,138		$	481,447
Participating earnings (a)		(600	)		(11,163	)
Basic net income attributed to common shareholders		91,538			470,284
Reallocation of participating earnings (a)		4			124
Diluted net income attributed to common shareholders	$	91,542		$	470,408
Net income per common share:
Basic	$	0.38		$	1.98
Diluted	$	0.38		$	1.95


(a)	Restricted Stock Liability Awards represent participating securities because they participate in nonforfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.

The following details weighted average common shares outstanding and diluted weighted average common shares outstanding (in thousands):


	Three Months Ended March 31,
	2024		2023
Weighted average common shares outstanding – basic		240,505		238,019
Effect of dilutive securities:
Director and employee restricted stock and performance based equity awards		1,901		2,863
Weighted average common shares outstanding – diluted		242,406		240,882

Weighted average common shares outstanding – basic for first quarter 2024 excludes 1.6 million shares of restricted stock held in our deferred compensation plan compared to 5.6 million shares in first quarter 2023 (although all awards are issued and outstanding upon grant). For the three months ended March 31, 2024, equity grants of 127,000 shares compared to 4,000 shares in the same period of the prior year were outstanding but not included in the computation of diluted net income because the grant prices were greater than the average market price of the common shares and would be anti-dilutive to the computations.

Capital Stock

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Capital Stock

(13) CAPITAL STOCK

We have authorized capital stock of 485.0 million shares which includes 475.0 million shares of common stock and 10.0 million shares of preferred stock. We currently have no preferred stock issued or outstanding. The following is a schedule of changes in the number of common shares outstanding since the beginning of 2023:


	Three Months Ended March 31, 2024		Year Ended December 31, 2023
Beginning balance		241,040,304		238,885,730
Restricted stock grants		7,932		50,238
Restricted stock units vested		1,083,521		1,755,345
Performance stock units issued		455,317		1,057,245
Performance stock dividends		6,914		6,276
Treasury shares		—		(714,530	)
Ending balance		242,593,988		241,040,304

Stock Repurchase Program

In 2019, the board of directors approved a stock repurchase program which was increased in size in 2022. At March 31, 2024, we had a remaining authorization to repurchase up to approximately $1.1 billion of our common stock. Under this program, we may repurchase shares in open market transactions, from time to time, in accordance with applicable SEC rules and federal securities laws. Purchases under the program are made at our discretion and may change based upon market conditions. In first three months 2024, we did not repurchase any shares.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Paragraph 14
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Paragraph 1
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Derivative Activities - Derivative Volumes Hedged and Average Hedge Prices (Detail)	Mar. 31, 2024 BarrelsPerDay MmbtuPerDay $ / MMBTU $ / bbl
Naturals Gas [Member] \| 2024 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	263,818
Weighted Average Hedge Price, Swap	4.2
Naturals Gas [Member] \| 2024 Commodity Contract \| Collars
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	438,909
Weighted average price of hedge, Floor	3.52
Weighted average price of hedge, Ceiling	5.67
Naturals Gas [Member] \| 2024 Commodity Contract \| Three Way Collars
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	78,955
Weighted Average Hedge Price, Sold Put	2.5
Weighted average price of hedge, Floor	3.42
Weighted average price of hedge, Ceiling	4.17
Naturals Gas [Member] \| 2025 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	400,000
Weighted Average Hedge Price, Swap	4.12
Naturals Gas [Member] \| 2025 Commodity Contract \| Three Way Collars
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	30,000
Weighted Average Hedge Price, Sold Put	2.7
Weighted average price of hedge, Floor	4
Weighted average price of hedge, Ceiling	5
Naturals Gas [Member] \| 2026 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	60,000
Weighted Average Hedge Price, Swap	4.15
Crude Oil \| 2024 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| BarrelsPerDay	4,607
Weighted Average Hedge Price, Swap \| $ / bbl	80.61
Crude Oil \| April - September 2024 \| Collars
Derivative [Line Items]
Volume Hedged \| BarrelsPerDay	500
Weighted average price of hedge, Floor \| $ / bbl	80
Weighted average price of hedge, Ceiling \| $ / bbl	90
NGLs (C3-Propane) \| 2024 Commodity Contract \| Swaps
Derivative [Line Items]
Volume Hedged \| BarrelsPerDay	6,767
Weighted Average Hedge Price, Swap \| $ / bbl	33.58

Stock-Based Compensation Plans - Additional Information 1 (Detail)	3 Months Ended
	Mar. 31, 2024 Award shares	Mar. 31, 2023 shares
Restricted Stock Equity Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Granted	1,233,483	1,600,000
Restricted Stock Equity Awards \| Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Restricted Stock Liability Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted	7,932
Restricted Stock Liability Awards \| Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		3 years
Granted	8,000	11,000
Restricted Stock Liability Awards \| Non Employee Directors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	1 year
Performance Share
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of awards available for grant \| Award	2
Performance Share \| Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of share value each unit represents at grant date	1
Performance Based TSR - PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Number of awards available for grant \| Award	1
Performance Based TSR - PSUs \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout of shares granted	0.00%
Performance Based TSR - PSUs \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Potential payout of shares granted	200.00%
Performance-based Internal Performance Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years

Exit Costs - Exit Costs Included in Accrued Liabilities in Consolidated Balance Sheet - (Detail) - Exit Costs
$ in Thousands

3 Months Ended

Mar. 31, 2024

USD ($)

^[1]

Exit costs included in accrued liabilities in consolidated balance sheet

Balance at December 31, 2023

$ 399,989

Accretion of discount

10,315

Payments

(28,587)

Balance at March 31, 2024

$ 381,717

[1]	Includes the divestiture contract obligation and the transportation contract capacity release obligation.

Basis of Presentation

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

(2) BASIS OF PRESENTATION

These consolidated financial statements are unaudited but, in the opinion of management, reflect all adjustments necessary for a fair statement of the results for the periods reported. All adjustments are of a normal recurring nature unless otherwise disclosed. These consolidated financial statements, including selected notes, have been prepared in accordance with the applicable rules of the Securities Exchange Commission (the SEC) and do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America (U.S. GAAP) for complete financial statements.

These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our 2023 Annual Report on Form 10-K filed with the SEC on February 21, 2024. The results of operations for first quarter ended March 31, 2024 are not necessarily indicative of the results to be expected for the full year. We make certain reclassifications to the prior year statements to conform with the current year presentation. These reclassifications have no impact on previously reported stockholders' equity, net income or cash flows.

Income Per Common Share - Basic Weighted Average Common Shares Outstanding and Diluted Weighted Average Common Shares Outstanding (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted average common shares outstanding – basic	240,505	238,019
Effect of dilutive securities:
Director and employee restricted stock and performance based equity awards	1,901	2,863
Weighted average common shares outstanding – diluted	242,406	240,882

Derivative Activities - Derivative Volumes Hedged and Average Hedge Prices (Parenthetical) (Detail) - Swaptions [Member]	3 Months Ended
	Mar. 31, 2024 BarrelsPerDay MmbtuPerDay $ / MMBTU $ / bbl
2025 Commodity Contract
Derivative [Line Items]
Volume Hedged \| BarrelsPerDay	2,500
Weighted average price of hedge \| $ / bbl	80
Expiration of derivative non monetary notional amount	Sep. 30, 2024
2026 Commodity Contract
Derivative [Line Items]
Volume Hedged \| MmbtuPerDay	40,000
Weighted average price of hedge \| $ / MMBTU	4.11
Expiration of derivative non monetary notional amount	Jun. 30, 2024

Stock-Based Compensation Plans - Additional Information 2 (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restricted Stock Equity Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted	1,233,483	1,600,000
Granted, weighted average grant date fair value	$ 30.23	$ 25.01
Vesting period	3 years
Stock-based compensation expense	$ 9,700,000	$ 7,500,000
Restricted Stock Equity Awards \| Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Restricted Stock Liability Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted	7,932
Granted, weighted average grant date fair value	$ 30.02
Stock-based compensation expense	$ 460,000	$ 1,800,000
Restricted Stock Liability Awards \| Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted	8,000	11,000
Granted, weighted average grant date fair value	$ 30.02	$ 24.7
Vesting period		3 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Exit Costs (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Summary of Exit Costs

The following summarizes our exit costs (including accretion of discount and any adjustments) for the three months ended March 31, 2024 and 2023 (in thousands):


	Three Months Ended March 31,
	2024		2023
Transportation contract capacity releases	$	48	$	108
Divestiture contract obligation		10,267		12,215
	$	10,315	$	12,323

Exit Costs Included in Accrued Liabilities in Consolidated Balance Sheet

The following details the accrued exit cost liability activity for the three months ended March 31, 2024 (in thousands):


	Exit Costs (a)
Balance at December 31, 2023	$	399,989
Accretion of discount		10,315
Payments		(28,587	)
Balance at March 31, 2024	$	381,717

(a) Includes the divestiture contract obligation and the transportation contract capacity release obligation.

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization (Detail) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Natural gas properties:

Properties subject to depletion

^[1]

$ 10,592,394

$ 10,435,611

Unproved properties

^[1]

800,994

789,871

Total

^[1]

11,393,388

11,225,482

Accumulated depletion and depreciation

^[1]

(5,193,291)

(5,107,801)

Natural gas and oil properties, successful efforts method, net

^[1]

$ 6,200,097

$ 6,117,681

[1]	Includes capitalized asset retirement costs and the associated accumulated amortization.

Revenues from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue by Identified Revenue Stream

Revenue attributable to each of our identified revenue streams is disaggregated below (in thousands):


	Three Months Ended March 31,
	2024		2023
Natural gas sales	$	271,475	$	441,580
NGLs sales		256,076		256,440
Oil sales		39,450		38,262
Total natural gas, NGLs and oil sales		567,001		736,282
Sales of purchased natural gas		26,200		75,060
Sales of purchased NGLs		236		368
Interest income		2,943		957
Other marketing revenue		2,391		5,726
Total	$	598,771	$	818,393

Exit Costs

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Exit Costs

(14) EXIT COSTS

In third quarter 2020, we sold our North Louisiana assets and retained certain gathering, transportation and processing obligations which extend into 2030. These are contracts where we will not realize any future benefit. The estimated obligations are included in current and long-term divestiture contract obligation in our consolidated balance sheets. In first three months 2024, we recorded accretion expense of $10.3 million compared to $10.2 million in the same period of the prior year. The estimated discounted divestiture contract obligation was $379.8 million at March 31, 2024.

In second quarter 2020, we negotiated capacity releases on certain transportation pipelines in Pennsylvania effective May 31, 2020 and extending through the remainder of the contract. The estimated remaining discounted obligation for these transportation capacity releases as of March 31, 2024 was $1.9 million.

The following summarizes our exit costs (including accretion of discount and any adjustments) for the three months ended March 31, 2024 and 2023 (in thousands):


	Three Months Ended March 31,
	2024		2023
Transportation contract capacity releases	$	48	$	108
Divestiture contract obligation		10,267		12,215
	$	10,315	$	12,323

The following details the accrued exit cost liability activity for the three months ended March 31, 2024 (in thousands):


	Exit Costs (a)
Balance at December 31, 2023	$	399,989
Accretion of discount		10,315
Payments		(28,587	)
Balance at March 31, 2024	$	381,717

(a) Includes the divestiture contract obligation and the transportation contract capacity release obligation.

Fair Value Measurements

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

(11) FAIR VALUE MEASUREMENTS

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. There are three approaches for measuring the fair value of assets and liabilities: the market approach, the income approach and the cost approach, each of which includes multiple valuation techniques. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to measure fair value by converting future amounts, such as cash flows or earnings, into a single present value amount using current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace the service capacity of an asset. This is often referred to as current replacement cost. The cost approach assumes that the fair value would not exceed what it would cost a market participant to acquire or construct a substitute asset of comparable utility, adjusted for obsolescence.

The fair value accounting standards do not prescribe which valuation technique should be used when measuring fair value and does not prioritize among the techniques. These standards establish a fair value hierarchy that prioritizes the inputs used in applying the various valuation techniques. Inputs broadly refer to the assumptions that market participants use to make pricing decisions, including assumptions about risk. Level 1 inputs are given the highest priority in the fair value hierarchy while Level 3 inputs are given the lowest priority. The three levels of the fair value hierarchy are as follows:

•

Level 1 – Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.

•

Level 2 – Observable market-based inputs or unobservable inputs that are corroborated by market data. These are inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

•

Level 3 – Unobservable inputs for which there is little, if any, market activity for the asset or liability being measured. These inputs reflect management’s best estimates of the assumptions market participants would use in determining fair value. Our Level 3 measurements consist of instruments using standard pricing models and other valuation methods that utilize unobservable pricing inputs that are significant to the overall fair value.

Valuation techniques that maximize the use of observable inputs are favored. Assets and liabilities are classified in their entirety based on the lowest priority level of input that is significant to the fair value measurement. The assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the placement of assets and liabilities within the levels of the fair value hierarchy.

Fair Values – Recurring

We use a market approach for our recurring fair value measurements and endeavor to use the best information available. The following tables present the fair value hierarchy for assets and liabilities measured at fair value, on a recurring basis (in thousands):


		Fair Value Measurements at March 31, 2024 using:
		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total Carrying Value as of March 31, 2024
Trading securities held in the deferred compensation plan		$	65,100	$	—		$	—		$	65,100
Derivatives	–swaps		—		228,060			—			228,060
	–collars		—		146,378			—			146,378
	–three-way collars		—		21,635			—			21,635
	–basis swaps		—		(26,987	)		—			(26,987	)
	–swaptions		—		—			(2,220	)		(2,220	)


		Fair Value Measurements at December 31, 2023 using:
		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total Carrying Value as of December 31, 2023
Trading securities held in the deferred compensation plan		$	71,989	$	—	$	—		$	71,989
Derivatives	–swaps		—		247,580		—			247,580
	–collars		—		152,540		—			152,540
	–three-way collars		—		25,406		—			25,406
	–basis swaps		—		18,277		—			18,277
	–swaptions		—		—		(1,161	)		(1,161	)

Our trading securities in Level 1 are exchange-traded and measured at fair value with a market approach using end of period market values. Derivatives in Level 2 are measured at fair value with a market approach using third-party pricing services which have been corroborated with data from active markets or broker quotes. Derivatives in Level 3 are also measured at fair value with a market approach using third-party pricing services which have been corroborated with data from active markets or broker quotes. However, the subjectivity in the volatility factors utilized can cause a significant change in the fair value measurement and is considered a significant unobservable input. As of March 31, 2024, a portion of our natural gas and crude oil instruments contain swaptions where the counterparty has the right, but not the obligation, to enter into a fixed price swap on a pre-determined date. If exercised, the swaption contract becomes a swap treated consistently with our fixed-price swaps. At March 31, 2024, we used a weighted average implied volatility of 16% for natural gas swaptions and 22% for crude oil swaptions. The following is a reconciliation of the beginning and ending balances for derivative instruments classified as Level 3 in the fair value hierarchy (in thousands):


	Three Months Ended March 31, 2024
Balance at December 31, 2023	$	(1,161	)
Total gains included in earnings	803
Additions		(1,862	)
Balance at March 31, 2024	$	(2,220	)

Trading securities. Our trading securities held in the deferred compensation plan are accounted for using the mark-to-market accounting method and are included in other assets in the accompanying consolidated balance sheets. We elected to adopt the fair value option to simplify our accounting for the investments in our deferred compensation plan. Interest, dividends, and mark-to-market gains or losses are included in deferred compensation plan expense in the accompanying consolidated statements of income. For first quarter 2024, interest and dividends were $195,000 and the mark-to-market adjustment was a gain of $4.2 million compared to interest and dividends of $179,000 and a mark-to-market gain of $3.1 million in first quarter 2023.

Fair Values - Non-recurring

Certain assets are measured at fair value on a non-recurring basis. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances. Our proved natural gas and oil properties are reviewed for impairment periodically as events or changes in circumstances indicate the carrying amount may not be recoverable. There were no proved property impairment charges in first quarter 2024 or 2023.

Fair Values – Reported

The following presents the carrying amounts and the fair values of our financial instruments as of March 31, 2024 and December 31, 2023 (in thousands):


	March 31, 2024						December 31, 2023
	Carrying Value			Fair Value			Carrying Value			Fair Value
Assets:
Commodity derivatives	$	378,080		$	378,080		$	442,971		$	442,971
Marketable securities (a)		65,100			65,100			71,989			71,989
(Liabilities):
Commodity derivatives		(11,214	)		(11,214	)		(329	)		(329	)
Bank credit facility (b)		—			—			—			—
4.875% senior notes due 2025 (b)		(669,017	)		(664,019	)		(688,388	)		(679,363	)
8.25% senior notes due 2029 (b)		(600,000	)		(624,066	)		(600,000	)		(624,816	)
4.75% senior notes due 2030 (b)		(500,000	)		(466,280	)		(500,000	)		(463,085	)
Deferred compensation plan (c)		(115,487	)		(115,487	)		(117,125	)		(117,125	)

(a)

Marketable securities, which are held in our deferred compensation plans, are actively traded on major exchanges.

(b)

The book value of our bank debt approximates fair value because of its floating rate structure. The fair value of our senior notes is based on end of period market quotes which are Level 2 inputs.

(c)

The fair value of our deferred compensation plan is updated to the closing price on the balance sheet date, which is a Level 1 input.

Our current assets and liabilities include financial instruments, the most significant of which are trade accounts receivable and payable. We believe the carrying values of our current assets and liabilities approximate fair value. Our fair value assessment incorporates a variety of considerations, including (1) the short-term duration of the instruments and (2) our historical and expected incurrence of bad debt expense. Non-financial liabilities initially measured at fair value include asset retirement obligations, operating lease liabilities and the divestiture contract obligation that we incurred in conjunction with the sale of our North Louisiana assets.

Concentrations of Credit Risk

As of March 31, 2024, our primary concentrations of credit risk are the risks of not collecting accounts receivable and the risk of a counterparty’s failure to perform under derivative obligations. Most of our receivables are from a diverse group of companies, including major energy companies, pipeline companies, local distribution companies, financial institutions and end-users in various industries. Letters of credit or other appropriate assurances are obtained as deemed necessary to limit our risk of loss. Our allowance for uncollectible receivables was $308,000 at March 31, 2024 and $308,000 at December 31, 2023. Our derivative exposure to credit risk is diversified primarily among major investment grade financial institutions, where we have master netting agreements which provide for offsetting payables against receivables from separate derivative contracts. To manage counterparty risk associated with our derivatives, we select and monitor our counterparties based on our assessment of their financial strength and/or credit ratings. We may also limit the level of exposure with any single counterparty. At March 31, 2024, our derivative counterparties include fourteen financial institutions, of which eight are secured lenders in our bank credit facility. At March 31, 2024, our net derivative asset includes an aggregate net receivable of $18.0 million from one counterparty not included in our bank credit facility and a payable to the remaining five counterparties of $10.5 million.

Allowance for Expected Credit Losses. Each reporting period, we assess the recoverability of material receivables using historical data, current market conditions and reasonable and supported forecasts of future economic conditions to determine their expected collectability. The loss given default method is used when, based on management’s judgment, an allowance for expected credit losses should be accrued on a material receivable to reflect the net amount to be collected.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Fair Value Measurements - Carrying Amounts and Fair Values of Financial Instruments (Parenthetical) (Detail)	Mar. 31, 2024	Dec. 31, 2023
4.875% Senior Notes Due 2025
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest rate on notes	4.875%	4.875%
8.25% senior notes due 2029
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest rate on notes	8.25%	8.25%
4.75% senior subordinated notes due 2030
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Interest rate on notes	4.75%	4.75%

New Accounting Standards	3 Months Ended
New Accounting Standards	Mar. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Standards	(3) NEW ACCOUNTING STANDARDS Not Yet Adopted There were no issued or pending accounting standards expected to have a material impact on our consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
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-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

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-Name Accounting Standards Codification
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-Subparagraph (g)(2)(iii)
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-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

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-URI https://asc.fasb.org//1943274/2147480016/944-40-65-2

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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147480530/250-10-S99-5

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-SubTopic 20
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-URI https://asc.fasb.org//1943274/2147481925/310-20-65-2

+ Details

Capital Stock - Schedule of Changes in Number of Common Shares Outstanding (Detail) - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Class Of Stock [Line Items]
Beginning balance	241,040,304	238,885,730
Treasury shares	0	(714,530)
Ending balance	242,593,988	241,040,304
Restricted Stock
Class Of Stock [Line Items]
Restricted stock grants	7,932	50,238
Restricted stock units vested	1,083,521	1,755,345
Performance Share
Class Of Stock [Line Items]
Performance stock units issued	455,317	1,057,245
Performance stock dividends	6,914	6,276

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Stock-Based Compensation Plans - Valuation Assumptions for Grant Date Fair Value of Performance Awards (Detail) - Performance Shares - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate	4.10%	3.80%
Expected annual volatility	56.00%	61.00%
Grant date fair value per unit	$ 31.84	$ 30.37

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stock-Based Compensation Plans - Additional Information 3 (Detail)	3 Months Ended
	Mar. 31, 2024 USD ($) Award	Mar. 31, 2023 USD ($) Award
Performance-based PS-PSUs and RS-PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Number of shares granted \| Award		81,000
Stock-based compensation expense \| $	$ 477,000	$ 948,000
Performance Based TSR - PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Number of shares granted \| Award	254,000	64,000
Stock-based compensation expense \| $	$ 808,000	$ 482,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Revenues from Contracts with Customers - Disaggregation of Revenue by Identified Revenue Stream (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total Revenue	$ 598,771	$ 818,393
Natural Gas, NGLs and Oil Sales
Disaggregation of Revenue [Line Items]
Total Revenue	567,001	736,282
Natural Gas, NGLs and Oil Sales \| Natural gas sales
Disaggregation of Revenue [Line Items]
Total Revenue	271,475	441,580
Natural Gas, NGLs and Oil Sales \| NGLs sales
Disaggregation of Revenue [Line Items]
Total Revenue	256,076	256,440
Natural Gas, NGLs and Oil Sales \| Oil sales
Disaggregation of Revenue [Line Items]
Total Revenue	39,450	38,262
Brokered Natural Gas, Marketing and Other
Disaggregation of Revenue [Line Items]
Total Revenue	31,770	82,111
Brokered Natural Gas, Marketing and Other \| Natural gas sales
Disaggregation of Revenue [Line Items]
Total Revenue	26,200	75,060
Brokered Natural Gas, Marketing and Other \| NGLs sales
Disaggregation of Revenue [Line Items]
Total Revenue	236	368
Brokered Natural Gas, Marketing and Other \| Interest income
Disaggregation of Revenue [Line Items]
Total Revenue	2,943	957
Brokered Natural Gas, Marketing and Other \| Other marketing revenue
Disaggregation of Revenue [Line Items]
Total Revenue	$ 2,391	$ 5,726

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
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-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Asset Retirement Obligations (Tables)

3 Months Ended

Mar. 31, 2024

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligation

A reconciliation of our liability for plugging and abandonment costs for the three months ended March 31, 2024 and the year ended December 31, 2023 is as follows (in thousands):


	Three Months Ended March 31, 2024			Year Ended December 31, 2023
Beginning of period	$	117,429		$	109,851
Liabilities incurred		831			2,047
Liabilities settled		(582	)		(3,039	)
Accretion expense		1,604			6,000
Change in estimate		631			2,570
End of period		119,913			117,429
Less current portion		(2,395	)		(2,395	)
Long-term asset retirement obligations	$	117,518		$	115,034

Exit Costs - Summary of Exit Costs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost And Reserve [Line Items]
Total termination costs	$ 10,315	$ 12,323
Pennsylvania
Restructuring Cost And Reserve [Line Items]
Exit cost	48	108
North Louisiana Contract Release
Restructuring Cost And Reserve [Line Items]
Exit cost	$ 10,267	$ 12,215

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends per share	$ 0.08	$ 0.08

Summary of Organization and Nature of Business	3 Months Ended
Summary of Organization and Nature of Business	Mar. 31, 2024
Industry-Specific Policies [Abstract]
Summary of Organization and Nature of Business	(1) SUMMARY OF ORGANIZATION AND NATURE OF BUSINESS Range Resources Corporation is a Fort Worth, Texas-based independent natural gas, natural gas liquids (NGLs) and crude oil and condensate company engaged in the exploration, development and acquisition of natural gas and liquids properties in the Appalachian region of the United States. Our objective is to build stockholder value through returns-focused development of natural gas properties. Range is a Delaware corporation with our common stock listed and traded on the New York Stock Exchange under the symbol "RRC."

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities:
Net income	$ 92,138	$ 481,447
Adjustments to reconcile net income to net cash provided from operating activities:
Deferred income tax expense	16,622	119,180
Depletion, depreciation and amortization	87,137	86,562
Abandonment and impairment of unproved properties	2,371	7,510
Derivative fair value income	(46,598)	(367,967)
Cash settlements on derivative financial instruments	122,373	34,468
Divestiture contract obligation, including accretion	10,267	12,215
Amortization of deferred financing costs and other	1,232	1,310
Deferred and stock-based compensation	18,215	20,681
Gain on the sale of assets	(87)	(138)
Gain on early extinguishment of debt	(64)	0
Changes in working capital:
Accounts receivable	107,454	225,213
Other current assets	(8,944)	(5,335)
Accounts payable	12,188	(10,822)
Accrued liabilities and other	(82,374)	(129,368)
Net cash provided from operating activities	331,930	474,956
Investing activities:
Additions to natural gas properties	(132,881)	(125,468)
Additions to field service assets	(1,003)	(74)
Acreage purchases	(21,714)	(12,742)
Proceeds from disposal of assets	31	660
Purchases of marketable securities held by the deferred compensation plan	(13,556)	(1,869)
Proceeds from the sales of marketable securities held by the deferred compensation plan	15,234	1,200
Net cash used in investing activities	(153,889)	(138,293)
Financing activities:
Borrowings on credit facility	0	185,000
Repayments on credit facility	0	(204,000)
Repayment of senior notes	(14,975)	0
Dividends paid	(19,407)	(19,334)
Treasury stock purchases	0	(7,834)
Taxes paid for shares withheld	(24,214)	(39,057)
Change in cash overdrafts	10,003	(29,064)
Proceeds from the sales of common stock held by the deferred compensation plan	1,689	5,052
Net cash used in financing activities	(46,904)	(109,237)
Increase in cash and cash equivalents	131,137	227,426
Cash and cash equivalents at beginning of period	211,974	207
Cash and cash equivalents at end of period	$ 343,111	$ 227,633

Commitments and Contingencies

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(16) COMMITMENTS AND CONTINGENCIES

Litigation

We are the subject of, or party to, a number of pending or threatened legal actions, administrative proceedings or investigations arising in the ordinary course of our business including, but not limited to, royalty claims, contract claims and environmental claims. While many of these matters involve inherent uncertainty, we believe that the amount of the liability, if any, ultimately incurred with respect to these actions, proceedings or claims will not have a material adverse effect on our consolidated financial position as a whole or on our liquidity, capital resources or future annual results of operations.

When deemed necessary, we establish reserves for certain legal proceedings. The establishment of a reserve is based on an estimation process that includes the advice of legal counsel and subjective judgment of management. While management believes these reserves to be adequate, it is reasonably possible we could incur additional losses with respect to those matters in which reserves have been established. We will continue to evaluate our litigation on a quarterly basis and will establish and adjust any litigation reserves as appropriate to reflect our assessment of the then current status of litigation.

We have incurred and will continue to incur capital, operating and remediation expenditures as a result of environmental laws and regulations. As of March 31, 2024, liabilities for remediation were not material. We are not aware of any environmental claims existing as of March 31, 2024 that have not been provided for or would otherwise have a material impact on our financial position or results of operations. Environmental liabilities normally involve estimates that are subject to revision until final resolution, settlement or remediation occurs.

Lease Commitments

In first quarter 2024, our total remaining lease commitments increased by $130.4 million primarily due to additional completions and drilling equipment contracts that were effective during first quarter 2024. These commitments will be paid over the contractual terms over the next two years.

Transportation, Gathering and Processing Contracts

In first quarter 2024, our transportation and gathering commitments increased by approximately $580.0 million over the next twelve years, primarily due to contract extensions and certain agreements that were contingent on facility construction as of the end of December 31, 2023 and are now in service.

Costs Incurred for Property Acquisition, Exploration and Development

3 Months Ended

Mar. 31, 2024

Extractive Industries [Abstract]

Costs Incurred for Property Acquisition, Exploration and Development

(17) Costs Incurred for Property Acquisition, Exploration and Development (a)


	Three Months Ended March 31, 2024		Year Ended December 31, 2023
	(in thousands)
Acquisitions:
Acreage purchases	$	14,196	$	40,067
Development		152,038		568,484
Exploration:
Drilling		—		—
Expense		4,202		25,280
Stock-based compensation expense		324		1,250
Gas gathering facilities:
Development		2,626		3,123
Subtotal		173,386		638,204
Asset retirement obligations		1,462		4,616
Total costs incurred	$	174,848	$	642,820

(a) Includes costs incurred whether capitalized or expensed.

Stock-Based Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2024

Allocation of Stock-Based Compensation by Functional Category

The following details the allocation of stock-based compensation to functional expense categories (in thousands):


	Three Months Ended March 31,
	2024		2023
Direct operating expense	$	497	$	415
Brokered natural gas and marketing expense		708		661
Exploration expense		324		320
General and administrative expense		9,978		9,600
Total stock-based compensation expense	$	11,507	$	10,996

Schedule of Share Based Payment Award Performance Stock Awards Valuation Assumptions

The following assumptions were used to estimate the fair value of the TSR Awards granted during first three months 2024 and 2023:


	Three Months Ended March 31,
	2024			2023
Risk-free interest rate		4.1	%		3.8	%
Expected annual volatility		56	%		61	%
Grant date fair value per unit	$	31.84		$	30.37

Restricted Stock and Restricted Stock Units and performance awards Outstanding

The following is a summary of the activity for our restricted stock and performance awards at March 31, 2024:


	Restricted Stock Equity Awards					Restricted Stock Liability Awards					Stock-Based Performance Awards
	Shares			Weighted Average Grant Date Fair Value		Shares			Weighted Average Grant Date Fair Value		Number of Units (a)			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2023		1,473,805		$	22.82		93,116		$	19.44		937,582		$	17.01
Granted		1,233,483			30.23		7,932			30.02		254,195			31.84
Vested		(399,671	)		23.54		(33,141	)		16.94		(526,918	)		10.99
Forfeited		(2,603	)		25.81		—			—		—			—
Outstanding at March 31, 2024		2,305,014		$	26.66		67,907		$	21.89		664,859		$	27.45


(a)	Amounts granted reflect performance units initially granted. The actual payout will be between zero and 200% depending on achievement of either total stockholder return ranking compared to our peers at the vesting date or on the achievement of internal performance targets.

Supplemental Cash Flow Information (Tables)

3 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information


	Three Months Ended March 31,
	2024			2023
	(in thousands)
Net cash provided from operating activities included:
Income taxes paid to taxing authorities	$	—		$	—
Interest paid		(39,169	)		(39,931	)
Non-cash investing activities included:
Increase in asset retirement costs capitalized		1,462			790
Increase in accrued capital expenditures		13,897			13,026

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 92,138	$ 481,447
Postretirement benefits:
Amortization of prior service costs/actuarial gain	(19)	12
Income tax expense (benefit)	4	(3)
Total comprehensive income	$ 92,123	$ 481,456

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization (Tables)

3 Months Ended

Mar. 31, 2024

Extractive Industries [Abstract]

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization


	March 31, 2024			December 31, 2023
	(in thousands)
Natural gas properties:
Properties subject to depletion	$	10,592,394		$	10,435,611
Unproved properties		800,994			789,871
Total		11,393,388			11,225,482
Accumulated depletion and depreciation		(5,193,291	)		(5,107,801	)
Net capitalized costs	$	6,200,097		$	6,117,681

(a)

Includes capitalized asset retirement costs and the associated accumulated amortization.

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization

3 Months Ended

Mar. 31, 2024

Extractive Industries [Abstract]

Capitalized Costs and Accumulated Depreciation, Depletion and Amortization

(7) Capitalized Costs and Accumulated Depreciation, Depletion and Amortization (a)


	March 31, 2024			December 31, 2023
	(in thousands)
Natural gas properties:
Properties subject to depletion	$	10,592,394		$	10,435,611
Unproved properties		800,994			789,871
Total		11,393,388			11,225,482
Accumulated depletion and depreciation		(5,193,291	)		(5,107,801	)
Net capitalized costs	$	6,200,097		$	6,117,681

(a)

Includes capitalized asset retirement costs and the associated accumulated amortization.

Fair Value Measurements - Reconciliation of the Beginning and Ending Balances for Derivative Instruments Classified as Level 3 in the Fair Value Hierarchy (Detail) - Fair Value, Inputs, Level 3 $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at December 31, 2023	$ (1,161)
Total gains included in earnings	803
Additions	(1,862)
Balance at March 31, 2024	$ (2,220)

Fair Value Measurements - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2024 USD ($) Counterparty	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest and dividends	$ 195,000	$ 179,000
Mark-to-market gain (loss)	4,200,000	$ 3,100,000
Allowance for doubtful accounts on accounts receivable	$ 308,000		$ 308,000
Number of derivative counterparties \| Counterparty	14
Number of counter parties that are participants in bank credit facility \| Counterparty	8
Counterparties not in Facility \| Payables
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Net derivative asset	$ 10,500,000
Number of counter parties \| Counterparty	5
Counterparties not in Facility \| Receivables
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Net derivative asset	$ 18,000,000
Number of counter parties \| Counterparty	1
Measurement Input, Price Volatility \| Weighted Average \| Crude Oil \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Implied volatilities	22.00%
Measurement Input, Price Volatility \| Weighted Average \| Natural Gas \| Swaptions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Implied volatilities	16.00%

Capital Stock - Schedule of Change in Treasury Shares (Detail) shares in Millions	3 Months Ended
	Mar. 31, 2024 shares
Stockholders' Equity Note [Abstract]
Shares repurchased	0

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Capital Stock - Additional Information (Detail) - USD ($) $ in Billions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Class of Stock Disclosures [Abstract]
Authorized capital stock	485,000,000
Common stock, shares authorized	475,000,000	475,000,000
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Stock repurchase program, authorized amount	$ 1.1
Shares repurchased	0

- Definition

+ References + Details

Income Per Common Share - Computations of Basic and Diluted Income (Loss) Per Common Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Earnings Per Share Reconciliation [Abstract]

Net income

$ 92,138

$ 481,447

Participating earnings

^[1]

(600)

(11,163)

Basic net income attributed to common shareholders

91,538

470,284

Reallocation of participating earnings

^[1]

124

Diluted net income attributed to common shareholders

$ 91,542

$ 470,408

Net income per common share:

Basic

$ 0.38

$ 1.98

Diluted

$ 0.38

$ 1.95

[1]


(a)	Restricted Stock Liability Awards represent participating securities because they participate in nonforfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

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+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Supplemental Cash Flow Information

3 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

(15) SUPPLEMENTAL CASH FLOW INFORMATION


	Three Months Ended March 31,
	2024			2023
	(in thousands)
Net cash provided from operating activities included:
Income taxes paid to taxing authorities	$	—		$	—
Interest paid		(39,169	)		(39,931	)
Non-cash investing activities included:
Increase in asset retirement costs capitalized		1,462			790
Increase in accrued capital expenditures		13,897			13,026

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2024	Apr. 19, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Registrant Name	RANGE RESOURCES CORPORATION
Entity Central Index Key	0000315852
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		242,626,942
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-12209
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	34-1312571
Entity Address, Address Line One	100 Throckmorton Street
Entity Address, Address Line Two	Suite 1200
Entity Address, City or Town	Fort Worth
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76102
City Area Code	817
Local Phone Number	870-2601
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, (Par Value $0.01)
Trading Symbol	RRC
Security Exchange Name	NYSE

Indebtedness - Debt Outstanding (Parenthetical) (Detail)	Mar. 31, 2024	Dec. 31, 2023
4.875% Senior Notes Due 2025
Debt Instrument [Line Items]
Interest rate on notes	4.875%	4.875%
8.25% Senior Notes Due 2029
Debt Instrument [Line Items]
Interest rate on notes	8.25%	8.25%
4.75% Senior Notes Due 2030
Debt Instrument [Line Items]
Interest rate on notes	4.75%	4.75%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Costs Incurred for Property Acquisition, Exploration and Development (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Dec. 31, 2023

Acquisitions:

Acreage purchases

^[1]

$ 14,196

$ 40,067

Development

^[1]

152,038

568,484

Gas gathering facilities:

Development

^[1]

2,626

3,123

Subtotal

^[1]

173,386

638,204

Asset retirement obligations

1,462

^[1]

$ 790

4,616

^[1]

Total costs incurred

^[1]

174,848

642,820

Exploration Expense

Exploration:

Drilling

^[1]

Expense

^[1]

4,202

25,280

Stock-based compensation expense

^[1]

$ 324

$ 1,250

[1]	(a) Includes costs incurred whether capitalized or expensed.

Stock-Based Compensation Plans - Additional Information 4 (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation plan vesting period	3 years
Deferred compensation plan	$ (6.4)	$ (9.4)
Shares held in rabbi trust total	1.5		1.6
Vested shares held in rabbi trust	1.4		1.5

Supplemental Cash Flow Information - Supplemental Cash Flow Information (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Dec. 31, 2023

^[1]

Net cash provided from operating activities included:

Income taxes paid to taxing authorities

$ 0

Interest paid

(39,169)

(39,931)

Non-cash investing activities included:

Increase in asset retirement costs capitalized

1,462

^[1]

790

$ 4,616

Increase in accrued capital expenditures

$ 13,897

$ 13,026

[1]	(a) Includes costs incurred whether capitalized or expensed.

Indebtedness - Bank Debt - Additional Information (Detail) - Bank Credit Facility	3 Months Ended
	Mar. 31, 2024 USD ($) Commercialbank	Mar. 31, 2023
Debt Instrument [Line Items]
Bank credit facility, maximum amount	$ 4,000,000,000
Bank credit facility, borrowing base	$ 3,000,000,000
Number of commercial banks included in current bank group \| Commercialbank	17
Maturity date of loan	Apr. 14, 2027
Line of credit facility amount outstanding during period	$ 0
Bank commitments	1,500,000,000
Outstanding amount	0
Undrawn letters of credit	173,400,000
Borrowing capacity available under the commitment amount	$ 1,300,000,000
Weighted average interest rate on the bank credit facility		8.40%
Annual rate of commitment fee paid on the undrawn balance	0.375%
Alternate Base Rate
Debt Instrument [Line Items]
Interest rate margin	0.75%
SOFR
Debt Instrument [Line Items]
Interest rate margin	1.75%
Minimum
Debt Instrument [Line Items]
Annual rate of commitment fee paid on the undrawn balance	0.375%
Minimum \| Alternate Base Rate
Debt Instrument [Line Items]
Interest rate on notes	0.75%
Minimum \| SOFR
Debt Instrument [Line Items]
Interest rate on notes	1.75%
Maximum
Debt Instrument [Line Items]
Annual rate of commitment fee paid on the undrawn balance	0.50%
Maximum \| Alternate Base Rate
Debt Instrument [Line Items]
Interest rate on notes	1.75%
Maximum \| SOFR
Debt Instrument [Line Items]
Interest rate on notes	2.75%

Commitments and Contingencies - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Commitments And Contingencies Disclosure [Line Items]
Increase in lease commitments	$ 130.4
Operating lease commitments term	2 years
Increase in transportation and gathering commitments	$ 580.0
Transportation and gathering commitments contingent facility modification term of contract	12 years

Asset Retirement Obligations - Asset Retirement Obligations (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Asset Retirement Obligation [Abstract]
Beginning of period	$ 117,429	$ 109,851
Liabilities incurred	831	2,047
Liabilities settled	(582)	(3,039)
Accretion expense	1,604	6,000
Change in estimate	631	2,570
End of period	119,913	117,429
Less current portion	(2,395)	(2,395)
Long-term asset retirement obligations	$ 117,518	$ 115,034

Indebtedness - Debt Outstanding (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Senior notes	$ 1,769,017	$ 1,788,388
Unamortized debt issuance costs	(13,304)	(14,159)
Total debt net of debt issuance costs	1,755,713	1,774,229
Notes Payable to Banks
Debt Instrument [Line Items]
Bank debt	0	0
4.875% Senior Notes Due 2025 \| Notes Payable to Banks
Debt Instrument [Line Items]
Senior notes	669,017	688,388
8.25% Senior Notes Due 2029 \| Notes Payable to Banks
Debt Instrument [Line Items]
Senior notes	600,000	600,000
4.75% Senior Notes Due 2030 \| Notes Payable to Banks
Debt Instrument [Line Items]
Senior notes	$ 500,000	$ 500,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Stock-Based Compensation Plans - Restricted Stock and Restricted Stock Units and Performance Awards Outstanding (Parenthetical) (Detail) - Stock-Based Performance Awards	3 Months Ended
	Mar. 31, 2024
Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Potential payout of shares granted	0.00%
Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Potential payout of shares granted	200.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Income Per Common Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Equity Grants
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Stock excluded from earning per share calculation	127,000	4,000
Restricted Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Stock excluded from earning per share calculation	1,600,000	5,600,000

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Hierarchy Table for Assets and Liabilities Measured at Fair Value


		Fair Value Measurements at March 31, 2024 using:
		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total Carrying Value as of March 31, 2024
Trading securities held in the deferred compensation plan		$	65,100	$	—		$	—		$	65,100
Derivatives	–swaps		—		228,060			—			228,060
	–collars		—		146,378			—			146,378
	–three-way collars		—		21,635			—			21,635
	–basis swaps		—		(26,987	)		—			(26,987	)
	–swaptions		—		—			(2,220	)		(2,220	)


		Fair Value Measurements at December 31, 2023 using:
		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total Carrying Value as of December 31, 2023
Trading securities held in the deferred compensation plan		$	71,989	$	—	$	—		$	71,989
Derivatives	–swaps		—		247,580		—			247,580
	–collars		—		152,540		—			152,540
	–three-way collars		—		25,406		—			25,406
	–basis swaps		—		18,277		—			18,277
	–swaptions		—		—		(1,161	)		(1,161	)

Reconciliation of the Beginning and Ending Balances for Derivative Instruments Classified as Level 3 in the Fair Value Hierarchy

The following is a reconciliation of the beginning and ending balances for derivative instruments classified as Level 3 in the fair value hierarchy (in thousands):


	Three Months Ended March 31, 2024
Balance at December 31, 2023	$	(1,161	)
Total gains included in earnings	803
Additions		(1,862	)
Balance at March 31, 2024	$	(2,220	)

Carrying Amounts and Fair Values of Financial Instruments

The following presents the carrying amounts and the fair values of our financial instruments as of March 31, 2024 and December 31, 2023 (in thousands):


	March 31, 2024						December 31, 2023
	Carrying Value			Fair Value			Carrying Value			Fair Value
Assets:
Commodity derivatives	$	378,080		$	378,080		$	442,971		$	442,971
Marketable securities (a)		65,100			65,100			71,989			71,989
(Liabilities):
Commodity derivatives		(11,214	)		(11,214	)		(329	)		(329	)
Bank credit facility (b)		—			—			—			—
4.875% senior notes due 2025 (b)		(669,017	)		(664,019	)		(688,388	)		(679,363	)
8.25% senior notes due 2029 (b)		(600,000	)		(624,066	)		(600,000	)		(624,816	)
4.75% senior notes due 2030 (b)		(500,000	)		(466,280	)		(500,000	)		(463,085	)
Deferred compensation plan (c)		(115,487	)		(115,487	)		(117,125	)		(117,125	)

(a)

Marketable securities, which are held in our deferred compensation plans, are actively traded on major exchanges.

(b)

The book value of our bank debt approximates fair value because of its floating rate structure. The fair value of our senior notes is based on end of period market quotes which are Level 2 inputs.

(c)

The fair value of our deferred compensation plan is updated to the closing price on the balance sheet date, which is a Level 1 input.

Indebtedness - Senior Note Redemptions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Apr. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Loss (gain) on early extinguishment of debt	$ 64	$ 0
Senior Notes
Debt Instrument [Line Items]
Redemption price of notes as percentage of principal amount	101.00%
Four Point Eight Seven Five Percent Senior Notes Due Two Thousand Twenty Five [Member]
Debt Instrument [Line Items]
Repurchases of senior notes on the open market	$ 15,100
Interest rate on notes	4.875%			4.875%
Loss (gain) on early extinguishment of debt	$ 64,000
Four Point Eight Seven Five Percent Senior Notes Due Two Thousand Twenty Five [Member] \| Subsequent Event
Debt Instrument [Line Items]
Repurchases of senior notes on the open market			$ 4,300
Interest rate on notes			4.875%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References