• Range Resources average gross margin for 2023 was 92.55%, a 6.69% increase from 2022.
• Range Resources average gross margin for 2022 was 86.75%, a 1.8% increase from 2021.
• Range Resources average gross margin for 2021 was 85.22%, a 4.73% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.