A novel circuit scheme is presented for the design of reconfigurable negative group delay circuit (RNGDC) with very low signal attenuation (SA), which is based on a lossy coupled‐line Microstrip (MS) resonator. Theoretical analysis indicates that reconfigurable characteristics in the proposed circuits can be obtained by tuning the resistance of the variable resistor, which is loaded at a specific point on the MS resonator. Based on the study of one‐stage RNGDC, a two‐stage RNGDC arranged in an anti‐symmetrical manner is designed to provide an extended reconfigurable negative group delay range. To validate the performance of the proposed circuit scheme, the prototypes of one‐stage and two‐stage RNGDC have been designed working at a center frequency of 1.73 GHz. Measured results of the two‐stage RNGDC exhibit a group delays variation of −2 ns to −10 ns with signal attenuation variation of −4.5 dB to −9.3 dB at the center frequency, which demonstrates much lower SA compared to the previously‐reported RNGDCs.