Workflow
Range Resources(RRC)
icon
Search documents
RRC Q3 Earnings Top Estimates on Higher Gas Equivalent Production
ZACKS· 2025-10-30 17:20
Key Takeaways RRC posted Q3 adjusted earnings of 57 cents per share, topping estimates and rising year over year.Quarterly revenue of $717.6M exceeded expectations, helped by stronger gas equivalent production.Total price realization rose 13% to $2.98 per Mcfe, supported by a 51% jump in natural gas prices.Range Resources Corporation (RRC) reported third-quarter 2025 adjusted earnings of 57 cents per share, which beat the Zacks Consensus Estimate of 50 cents. The bottom line also improved from the prior-yea ...
Range Resources(RRC) - 2025 Q3 - Quarterly Results
2025-10-29 18:51
Financial Performance - Third quarter 2025 GAAP revenues totaled $749 million, with net income of $144 million ($0.60 per diluted share) and cash flow from operations of $248 million[6]. - Total revenues and other income for Q3 2025 were $748.528 million, representing a 22% increase compared to $615.102 million in Q3 2024[40]. - Net income for Q3 2025 was $144.307 million, a significant increase of 185% from $50.656 million in Q3 2024[40]. - The company reported a net income per common share of $0.61 for Q3 2025, up from $0.21 in Q3 2024[40]. - Net income for the three months ended September 30, 2025, was $144,307 thousand, a substantial increase of 185% compared to $50,656 thousand for the same period in 2024[46]. - Adjusted earnings per diluted share for Q3 2025 was $0.57, compared to $0.48 in Q3 2024, reflecting an increase of 18.75%[55]. - Income from operations before income taxes surged by 177% to $183,344,000 in Q3 2025 from $66,229,000 in Q3 2024[53]. - The company reported a 33% increase in income before income taxes, as adjusted, for the nine months ended September 30, 2025, totaling $681,877,000 compared to $512,798,000 in 2024[53]. Cash Flow and Capital Expenditures - Cash flow from operations before changes in working capital was $279 million, and adjusted net income was $135 million ($0.57 per diluted share) for the quarter[7]. - Capital spending for the quarter was $190 million, representing approximately 29% of the annual 2025 budget, with total capital spending through Q3 at $491 million (74% of the 2025 budget)[14]. - The company repurchased $56 million in shares and paid $21 million in dividends during the quarter[8]. - Net cash provided from operating activities for the nine months ended September 30, 2025, reached $913,818 thousand, up 25.7% from $726,624 thousand in 2024[46]. - The company reported a cash margin of $982,779,000 for the nine months ended September 30, 2025, up from $800,236,000 in 2024, representing a growth of 22.8%[58]. Production and Sales - Average production for the quarter was 2.23 Bcfe per day, with approximately 69% being natural gas[8]. - Natural gas, NGLs, and oil sales for Q3 2025 reached $611.491 million, a 14.7% increase from $533.277 million in Q3 2024[40]. - Natural gas sales increased by 54% to $361,124,000 in Q3 2025 from $234,139,000 in Q3 2024[50]. - Oil sales rose by 15% to $611,491,000 in Q3 2025 compared to $533,277,000 in Q3 2024[50]. - The company produced 204,961 MMCFE in Q3 2025, slightly higher than 202,810 MMCFE in Q3 2024, showing a marginal increase of 0.6%[57]. - Total natural gas, NGLs, and oil sales reported a 31% increase, reaching $1,249,456,000 for the nine months ended September 30, 2025, up from $715,266,000 in the same period of 2024[50]. Debt and Liabilities - As of September 30, 2025, net debt was approximately $1.23 billion, with $839 million available under the share repurchase program[12][13]. - Total debt decreased by 28% to $1,216,767 thousand as of September 30, 2025, compared to $1,697,883 thousand at the end of 2024[44]. - Net debt, a non-GAAP measure, declined by 12% to $1,228,825 thousand from $1,404,212 thousand year-over-year[44]. - Current liabilities significantly reduced to $591,453 thousand, down 53% from $1,263,247 thousand at the end of 2024[43]. Pricing and Market Conditions - Realized price for natural gas, including hedges, was $3.29 per mcfe, with a $0.22 premium over NYMEX natural gas[8]. - Range expects to improve its natural gas differential to average ($0.40) to ($0.43) relative to NYMEX in 2025[11]. - Average natural gas price per mcf rose by 51% to $2.56 in Q3 2025 from $1.69 in Q3 2024[50]. - Average oil price per bbl decreased by 15% to $54.25 in Q3 2025 from $64.03 in Q3 2024[50]. Expenses - Total costs and expenses for Q3 2025 were $565.184 million, a slight increase of 3% from $548.873 million in Q3 2024[40]. - The company’s transportation, gathering, processing, and compression expenses for Q3 2025 were $301.110 million, down from $306.154 million in Q3 2024[40]. - The company’s interest expense for Q3 2025 was $23.200 million, a decrease from $27.958 million in Q3 2024[40]. - The company’s exploration expenses for Q3 2025 were $7.820 million, an increase from $6.988 million in Q3 2024[40]. - Transportation, gathering, processing, and compression expense per mcfe decreased by 3% to $1.47 in Q3 2025 from $1.51 in Q3 2024[50].
Range Resources: Solid Results In Q3 2025 Lead To Minor Guidance Improvements
Seeking Alpha· 2025-10-29 14:24
We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Enterta ...
Range Resources(RRC) - 2025 Q3 - Earnings Call Transcript
2025-10-29 14:02
Range Resources (NYSE:RRC) Q3 2025 Earnings Call October 29, 2025 09:00 AM ET Company ParticipantsMichael Scialla - Managing DirectorMark Scucchi - CFOJake Roberts - Director of ResearchDennis Degner - CEOLaith Sando - SVP Investor RelationsAlan Engberg - VP of MarketingConference Call ParticipantsGreta Drefke - AnalystDoug Leggate - AnalystArun Jayaram - AnalystPaul Diamond - AnalystKalei Akamine - AnalystDavid Deckelbaum - AnalystOperatorGood day. Welcome to the Range Resources third quarter 2025 earnings ...
Range Resources(RRC) - 2025 Q3 - Earnings Call Transcript
2025-10-29 14:02
Range Resources (NYSE:RRC) Q3 2025 Earnings Call October 29, 2025 09:00 AM ET Company ParticipantsMichael Scialla - Managing DirectorMark Scucchi - CFOJake Roberts - Director of ResearchDennis Degner - CEOLaith Sando - SVP Investor RelationsAlan Engberg - VP of MarketingConference Call ParticipantsGreta Drefke - AnalystDoug Leggate - AnalystArun Jayaram - AnalystPaul Diamond - AnalystKalei Akamine - AnalystDavid Deckelbaum - AnalystOperatorGood day. Welcome to the Range Resources Third Quarter 2025 Earnings ...
Range Resources(RRC) - 2025 Q3 - Earnings Call Transcript
2025-10-29 14:00
Range Resources (NYSE:RRC) Q3 2025 Earnings Call October 29, 2025 09:00 AM ET Speaker0Good day. Welcome to the Range Resources third quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. Statements made during this conference call that are not historical facts are forward looking statements. Such statements are subject to risks and uncertainties which could cause actual results to differ materially from those in the forward looking statements. After the s ...
Range Resources(RRC) - 2025 Q3 - Earnings Call Presentation
2025-10-29 13:00
Company Presentation October 2025 Forward-Looking Statements All statements, except for statements of historical fact, made within regarding activities, events or developments the Company expects, believes or anticipates will or may occur in the future, such as those regarding future well costs, expected asset sales, well productivity, future liquidity and financial resilience, anticipated exports and related financial impact, NGL market supply and demand, future commodity fundamentals and pricing, future c ...
Range Resources (RRC) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2025-10-28 22:36
Range Resources (RRC) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +14.00%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.61 per share when it actually produced earnings of $0.66, delivering a surprise of +8.2%.Over the last four ...
Range Resources(RRC) - 2025 Q3 - Quarterly Report
2025-10-28 20:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-12209 RANGE RESOURCES CORPORATION (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaw ...
Range Announces Third Quarter 2025 Results
Globenewswire· 2025-10-28 20:17
FORT WORTH, Texas, Oct. 28, 2025 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2025 financial results. Third Quarter 2025 Highlights – Cash flow from operating activities of $248 millionCash flow from operations, before working capital changes, of $279 millionRepurchased $56 million of shares and paid $21 million in dividendsCapital spending was $190 million, approximately 29% of the annual 2025 budgetRealized price, including hedges, was $3.29 per mcfe – a $ ...