For the quarter ended December 2024, Range Resources (RRC) reported revenue of $749.83 million, up 4.8% over the same period last year. EPS came in at $0.68, compared to $0.63 in the year-ago quarter.The reported revenue represents a surprise of +8.20% over the Zacks Consensus Estimate of $693.03 million. With the consensus EPS estimate being $0.55, the EPS surprise was +23.64%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

Range Resources (RRC) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.64%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.35 per share when it actually produced earnings of $0.48, delivering a surprise of 37.14%.Over the last four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K Delaware 34-1312571 (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) 100 Throckmorton Street, Suite 1200, Fort Worth, Texas 76102 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (817) 870-2601 Securities registered pursuant to Section 12(b) of the Act: | Title of Each Class | Trading Symbol | Name of each exchange on which re ...

Financial Performance - Range Resources Corporation reported fourth quarter 2024 revenues of $626 million, a decrease of 33% compared to the previous year [13]. - The company generated cash flow from operating activities of $945 million for the year, with a net income of $95 million for the fourth quarter, down 69% year-over-year [8][13]. - The average production for the fourth quarter was 2.2 Bcfe per day, with approximately 68% being natural gas [8][16]. Capital Expenditures and Guidance - The all-in capital budget for 2025 is projected to be between $650 million and $690 million, targeting annual production of approximately 2.2 Bcfe per day [5][28]. - The company plans to invest up to $30 million in non-maintenance acreage and $20-$30 million in production facility upgrades to reduce emissions [5][9]. - For the three-year outlook, Range expects to increase daily production to 2.6 Bcfe by 2027, with annual capital expenditures ranging from $650 million to $700 million [11]. Reserves and Production Outlook - As of year-end 2024, Range's proved reserves remained stable at 18.1 Tcfe, marking the 17th consecutive year of positive performance revisions [24]. - The company has approximately 6.2 Tcfe of proved undeveloped reserves, with an expected development cost of $0.38 per mcfe [24]. - The present value (PV10) of reserves under SEC methodology was reported at $5.5 billion, with a higher PV10 of $12.2 billion using December 31, 2024 strip prices [25][26]. Market Position and Strategy - Range Resources is positioned as a low-cost, low-emissions natural gas producer, with a focus on the Appalachian Basin to meet growing global gas demand [4]. - The company has secured incremental transportation and export capacity expected to start in 2026, enhancing its market access [12][15]. - The strategic investments made over the past two years are aimed at building in-process well inventory to support efficient production growth through 2027 [3][4]. Shareholder Returns - The company returned $77 million in dividends and invested $65 million in share repurchases during the year [8]. - A 12.5% increase in the quarterly cash dividend to $0.09 per share is expected to be approved by the Board of Directors [23]. - Range's net debt was reduced by $172 million, bringing the total net debt to approximately $1.40 billion by year-end 2024 [19].

Core Viewpoint - Range Resources (RRC) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][2]. - A strong correlation exists between earnings estimate revisions and near-term stock price movements, making the Zacks rating system valuable for investors [4][6]. Institutional Investor Influence - Institutional investors utilize earnings estimates to determine the fair value of a company's shares, impacting stock price movements through their large transactions [4]. Business Improvement Indicators - The upgrade in rating for Range Resources signifies an improvement in the company's underlying business, which is expected to drive stock appreciation [5][10]. Earnings Estimate Revisions - For the fiscal year ending December 2024, Range Resources is projected to earn $2.15 per share, reflecting a decrease of 10.4% from the previous year, but the Zacks Consensus Estimate has increased by 23.5% over the past three months [8]. Zacks Rank System Overview - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a historical average annual return of +25% for Zacks Rank 1 stocks since 1988 [7]. - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [9][10].

Core Viewpoint - Analysts forecast a decline in Range Resources' quarterly earnings and revenues, indicating potential challenges for the company in the upcoming earnings release [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been adjusted upward by 10.8% over the past 30 days, reflecting a reassessment by covering analysts [2]. - The anticipated earnings per share (EPS) is $0.55, representing a year-over-year decline of 12.7% [1]. Revenue Projections - Expected revenues are projected to be $693.03 million, which is a decline of 3.1% compared to the same quarter last year [1]. - Analysts estimate that revenues from natural gas, NGLs, and oil sales will reach $615.49 million, indicating a 2% increase from the previous year [5]. - Revenues from brokered natural gas and marketing are expected to be $42.84 million, reflecting a decrease of 3.6% year-over-year [5]. Production Estimates - The consensus estimate for net production per day of natural gas is 1,515.42 Mcf/D, down from 1,540.4 Mcf/D in the previous year [6]. - Analysts predict net production per day of oil to be 5,896.23 million barrels, a decrease from 7,136 million barrels reported in the same quarter last year [7]. - The estimated net production per day of NGLs is projected at 107.26 million barrels, slightly up from 104.04 million barrels in the previous year [7]. Price Realizations - Average realized prices after hedges for oil are expected to be $68.60, compared to $63.42 in the same quarter last year [8]. - Average realized prices after hedges for NGLs are projected to reach $25.27, up from $24.91 in the previous year [9]. - The average price for oil, excluding derivative settlements, is estimated at $58.65, down from $67.72 year-over-year [10]. Market Performance - Over the past month, Range Resources shares have declined by 4.2%, while the S&P 500 composite has decreased by 0.5% [10]. - The company holds a Zacks Rank of 3 (Hold), suggesting it may perform in line with the overall market in the near term [10].

Core Viewpoint - Range Resources Corporation will release its fourth quarter 2024 financial results on February 25, 2025, after market close [1] Group 1 - A conference call to discuss the financial results is scheduled for February 26, 2025, at 9:00 a.m. ET [2] - The conference call will be accessible via a webcast, which will be archived for replay until March 26, 2025 [2] - Range Resources Corporation is a leading independent natural gas and NGL producer, primarily operating in the Appalachian Basin [3]

Group 1 - Range Resources Corporation (RRC) is projected to experience earnings growth of nearly 37% in 2025 [1] - The U.S. Energy Information Administration forecasts the 2025 Henry Hub spot natural gas price to rise to $3.10 per million British thermal units (MMBtu), up from last year's average of $2.20 per MMBtu, indicating increased demand due to higher liquefied natural gas exports [2] - RRC has a strong production outlook due to its decades of low-risk drilling inventory in Appalachia and lower well costs per lateral foot compared to many other upstream players [3] Group 2 - Range Resources has been actively reducing its net debt load over the past several years, contributing to a stronger balance sheet [4] - The company boasts the lowest emission intensity among upstream companies in the United States, enhancing its sustainability profile [4] - The overall business outlook for RRC is positive, heavily influenced by oil and natural gas prices, similar to other major exploration and production companies like ConocoPhillips, Diamondback Energy, and Matador Resources [5] Group 3 - ConocoPhillips has a solid production outlook supported by decades of drilling inventories across its low-cost and diversified upstream asset base [6] - Diamondback Energy is experiencing improvements in average productivity per well in the Midland Basin, likely leading to increased production volumes [7] - Matador Resources has a strong presence in the Wolfcamp and Bone Spring plays in the Delaware Basin, contributing to its production capabilities [7]

Core Viewpoint - Range Resources (RRC) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook that may continue to drive stock performance [1][2]. Current-Quarter Estimate Revisions - For the current quarter, Range Resources is projected to earn $0.55 per share, reflecting a decrease of 12.7% compared to the previous year. However, in the last 30 days, five estimates have been revised upward, leading to a 5.3% increase in the Zacks Consensus Estimate [4]. Current-Year Estimate Revisions - The full-year earnings estimate stands at $2.08 per share, which is a decline of 13.33% from the prior year. Similar to the current quarter, five estimates have been revised upward in the past month, resulting in a 5% increase in the consensus estimate [5]. Favorable Zacks Rank - The positive trend in estimate revisions has earned Range Resources a Zacks Rank of 2 (Buy), indicating strong potential for outperformance compared to the S&P 500. Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically shown significant outperformance [6]. Bottom Line - The stock has appreciated by 20.1% over the past four weeks, driven by solid estimate revisions, suggesting that Range Resources may be a worthwhile addition to investment portfolios [7].

Core Viewpoint - Range Resources (RRC) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Company Performance - Range Resources has a solid track record of surpassing earnings estimates, particularly evident in the last two quarters with an average surprise of 27.55% [2]. - In the last reported quarter, the company achieved earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, resulting in a surprise of 37.14% [3]. - For the previous quarter, Range Resources was expected to report earnings of $0.39 per share but delivered $0.46 per share, yielding a surprise of 17.95% [3]. Earnings Estimates and Predictions - Earnings estimates for Range Resources have been trending upward, influenced by its history of earnings surprises [4]. - The company currently has a positive Zacks Earnings ESP (Expected Surprise Prediction) of +2.36%, indicating increased analyst optimism regarding its near-term earnings potential [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6].