Range Resources RRC North Louisiana — Restructuring Reserve Current

In August 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 the year ended December 31, 2025, we recorded accretion expense of $33.1 million compared to $39.2 million in 2024 and $41.9 million in 2023. In 2025, we recorded a net adjustment of $7.4 million to decrease the obligation mainly due to a decrease in certain expected gathering and transportation costs. In 2024, we recorded a net adjustment of $2.1 million to decrease this obligation mainly due to a decrease in forecasted electricity rates. There are inherent uncertainties surrounding the retained obligation and, as a result, the determination of the accrued obligation required judgment and estimation. The actual settlement amount and timing may differ from our estimates. The estimated discounted value for this divestiture contract obligation was $278.4 million at December 31, 2025, of which $75.8 million is classified as short-term.