Emissions Progress FORT WORTH, Texas, July 17, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today published its 2023-2024 Corporate Sustainability Report. The latest report provides updates on key topics showcasing the Company's responsible business practices and its resiliency in the coming decades. Range has made significant strides in meeting its emissions targets, including progress towards its goal of netzero scope 1 and 2 GHG emissions by 2025. Range employees have implemented proc ...

"We have found success in merging long-term economic objectives with a commitment to environmental and social responsibility, which positions Range as a low-cost, resilient producer with a competitive emissions profile," said Dennis Degner, Chief Executive Officer and President. "Natural gas and natural gas liquids are being produced more efficiently than ever and will continue to play a meaningful role in global energy discussions. I believe the latest report showcases Range's sustainability in a world tha ...

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Revenues are expected to be $626.29 million, up 6.8% from the year-ago quarter. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. The earnings ...

In its latest short-term energy outlook, the U.S. Energy Information Administration revealed that it expects Henry Hub spot natural gas spot average price to be higher in the second half of this year at $2.90 per million British thermal units (MMBtu) compared with $2.10 per MMBtu in the first half. It has a strong focus on strengthening its balance sheet. Over the past several years, RRC has consistently reduced its net debt load. Notably, the company has the lowest emission intensity among the upstream com ...

FORT WORTH, Texas, May 31, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE:RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.08 per common share is payable on June 28, 2024 to stockholders of record at the close of business on June 14, 2024. RANGE RESOURCES CORPORATION (NYSE:RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is h ...

SOURCE: Range Resources Corporation Range Investor Contact: FORT WORTH, Texas, May 31, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE:RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.08 per common share is payable on June 28, 2024 to stockholders of record at the close of business on June 14, 2024. RANGE RESOURCES CORPORATION (NYSE:RRC) is a leading U.S. independent natural gas and NGL producer with o ...

Range Resources Corporation (NYSE:RRC) Q1 2024 Earnings Conference Call April 24, 2024 9:00 AM ET Company Participants Laith Sando - Vice President, Investor Relations Dennis Degner - Chief Executive Officer Mark Scucchi - Chief Financial Officer Alan Engberg - Vice President Liquid Marketing Conference Call Participants Michael Scialla - Stephens Bertrand Donnes - Truist Paul Diamond - Citi Nitin Kumar - Mizuho Jake Roberts - TPH & Company Leo Mariani - Roth MKM Noel Parks - Tuohy Brothers Investment Resea ...

EXHIBIT 99.1 NEWS RELEASE Range Announces First Quarter 2024 Results FORT WORTH, TEXAS, April 23, 2024…RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2024 financial results. First Quarter 2024 Highlights – Commenting on the results, Dennis Degner, the Company's CEO said, "Range had a successful first quarter with efficient operations, consistent well performance and opportunistic NGL marketing allowing Range to generate strong free cash flow in a price environment that we believe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-12209 RANGE RESOURCES CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 34-1312571 (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) 100 Throckmorton Stree ...

Financial Data and Key Metrics Changes - The company generated cash flow before working capital of approximately $1.1 billion in 2023, with cash flow in Q4 being $300 million, resulting in a realized price per unit of $3.25 per MCFE [118][121] - Fourth quarter cash margins per unit of production were $1.42, reflecting a healthy 44% margin despite lower commodity prices [121] - The company reduced net debt by an aggregate of $1.2 billion over the past two years and returned capital to shareholders totaling $535 million [88] Business Line Data and Key Metrics Changes - The company plans to maintain a production profile of approximately 2.12 BCF equivalent per day to 2.16 BCF equivalent per day, with a focus on liquids-rich production [66] - Approximately 640,000 lateral feet from 50 new wells are expected to go into production in 2024, with more than half being drilled on pads with existing production [77] - The average daily lateral footage drilled in 2023 was over 4,600 feet per day, a 38% increase from the previous year [68] Market Data and Key Metrics Changes - The company expects near-term natural gas prices to remain challenging, but anticipates long-term growth in global demand for U.S. natural gas [83][84] - The weighted average NGL price was $24.91 per barrel in Q4, a $2.42 per barrel premium to the Mont Belvieu Index, driven by strong seasonal butane values [113] - The company has approximately 55% of 2024 natural gas hedged with an average floor price of $3.70, providing stability in cash flow [124] Company Strategy and Development Direction - The company is focused on maximizing the value of its multi-decade project inventory while generating free cash flow and prudently returning capital [123] - Investments in water infrastructure are planned to support low D&C and LOE costs in the future, with a focus on maintaining operational efficiencies [65][152] - The company aims to maintain flexibility in its capital allocation strategy, balancing between share repurchases and debt reduction [102][161] Management's Comments on Operating Environment and Future Outlook - Management highlighted the resilience of the business in a low price environment, emphasizing the ability to generate free cash flow through cycles [125] - The company expects to see a ramp-up in production in the second half of 2024, with a consistent production profile similar to previous years [50][67] - Management noted that the current environment could provide opportunities for consolidation in the sector, but any M&A would need to align with the company's strategic objectives [99][134] Other Important Information - The company has a strong balance sheet with federal NOL carryforwards totaling $1.8 billion, which will reduce taxable income in the coming years [122] - The company achieved several new completion efficiency records, including nine stages per day and a record of 17 stages completed in a 24-hour period [80] - The company plans to maintain a flexible hedge program to cover fixed costs and capital commitments, which is beneficial in periods of price weakness [63][92] Q&A Session Summary Question: What is the company's strategy regarding gas production and market conditions? - Management indicated that they can adjust the timing of completions based on market conditions and basin fundamentals, allowing for flexibility in production [3][128] Question: How does the company view its capital allocation strategy moving forward? - The company emphasized a flexible approach to capital allocation, favoring share repurchases when prices are low while maintaining a focus on debt reduction [102][161] Question: What are the expectations for production levels in 2024? - The company expects production to ramp up in the second half of 2024, with a consistent profile similar to previous years, driven by new turning lines [50][67]