A month has gone by since the last earnings report for Range Resources (RRC) . Shares have added about 15.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Range Resources due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It t ...

Financial Data and Key Metrics Changes - The meeting confirmed that there were 240,140,426 shares of common stock outstanding as of the record date [5] - A total of 226,624,793 shares of common stock were represented at the meeting, which is 94.37% of the company's common stock [7] Business Line Data and Key Metrics Changes - The advisory voting on executive compensation was approved with 98.89% of the votes cast [9] - Ernst and Young was ratified as the company's registered public accounting firm for 2025 with 98.5% approval [9] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The meeting did not provide detailed insights into the company's strategy or competitive landscape Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments regarding the operating environment or future outlook during the meeting Other Important Information - Jim Funk retired from the board after 17 years of service, and the board expressed gratitude for his contributions [4] Q&A Session All Questions and Answers Question: Were there any questions from the attendees? - There were no questions in the queue during the Q&A session [11]

Group 1 - The article focuses on analyzing oil and gas companies, specifically Range Resources, to identify undervalued opportunities in the sector [1] - It highlights the need for Range Resources to manage its debt levels effectively, especially after the decision to initiate a dividend despite high debt [2] - The cyclical nature of the oil and gas industry is emphasized, indicating that it requires patience and experience to navigate successfully [2] Group 2 - The analysis includes a breakdown of key financial metrics such as balance sheets, competitive positioning, and development prospects of the companies in the oil and gas sector [1]

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.Range Resources (NYSE: RRC ) delivered Q1 2025 results that met expectations in terms of both production and costs. It also continues to expect to average 2.2 Bcfe per day in 2025 production and reaffirmed its cost g ...

Financial Performance - Range Resources Corporation (RRC) reported first-quarter 2025 adjusted earnings of 96 cents per share, exceeding the Zacks Consensus Estimate of 90 cents and improving from 69 cents in the prior year [1] - Total quarterly revenues reached $854 million, surpassing the Zacks Consensus Estimate of $811 million and increasing from $721 million year-over-year [1] Operational Performance - Production averaged 2,200.3 million cubic feet equivalent per day (Mcfe/d), up from 2,141.5 Mcfe/d in the same quarter last year and exceeding the projection of 2,169.3 Mcfe/d [2] - Natural gas contributed approximately 69% to total production, with natural gas production increasing by 4% year-over-year, while oil production decreased by 30% and NGL output increased by 3% [2] Price Realization - Total price realization averaged $4 per Mcfe, a 37% increase year-over-year, although lower than the estimate of $4.08 per Mcfe [3] - Natural gas price rose by 76% year-over-year to $3.61 per Mcf, while NGL price increased by 6% and oil price fell by 5% [3] Costs & Expenses - Total costs and expenses increased by 9% year-over-year to $580.8 million, exceeding the expectation of $562.9 million [4] - Transportation, gathering, processing, and compression costs rose to $306.1 million from $290.9 million in the prior-year quarter [4] Capital Expenditure & Balance Sheet - Drilling and completion expenditure was $130 million, with an additional $16 million spent on acreage and $1 million on infrastructure and other investments [5] - At the end of the first quarter, total debt stood at $1,696.5 million, net of deferred financing costs [5] Outlook - Range Resources expects total production for 2025 to be 2.2 billion cubic feet equivalent per day, with over 30% attributed to liquids production [6] - The company has projected a capital budget of $650-$690 million for the year [6]

Range Resources Corporation (NYSE:RRC) Q1 2025 Earnings Conference Call April 23, 2025 9:00 AM ET Company Participants Laith Sando - SVP, IR Dennis Degner - CEO Mark Scucchi - CFO Conference Call Participants Jake Roberts - TPH&Co. Doug Leggate - Wolfe Research Roger Read - Wells Fargo Securities Kevin MacCurdy - Pickering Energy Partners Kalei Akamine - Bank of America Michael Scialla - Stephens John Annis - Texas Capital Paul Diamond - Citi Neil Mehta - Goldman Sachs David Deckelbaum - TD Cowen Operator W ...

Financial Performance - First quarter 2025 GAAP revenues totaled $691 million, with net income of $97 million ($0.40 per diluted share) and adjusted net income of $232 million ($0.96 per diluted share) [6][7] - Total revenues and other income for Q1 2025 were $690,554,000, a 7% increase from $645,456,000 in Q1 2024 [40] - Net income for Q1 2025 was $97,052,000, reflecting a 5% increase from $92,138,000 in Q1 2024 [40] - Net income for Q1 2025 was reported at $97,052, up from $92,138 in Q1 2024, with adjusted net income excluding certain items increasing by 39% to $232,087 [55] - Adjusted diluted earnings per share for Q1 2025 was $0.96, a 39% increase from $0.69 in Q1 2024 [53] Cash Flow and Capital Expenditures - Cash flow from operating activities was $330 million, while cash flow from operations before changes in working capital was $397 million [8] - Capital expenditures for the first quarter were $147 million, representing about 22% of the annual budget for 2025 [8][13] - The company repurchased $68 million of shares and paid $22 million in dividends during the first quarter [8] Production and Sales - Production averaged 2.20 Bcfe per day, with approximately 69% being natural gas [8] - Natural gas, NGLs, and oil sales reached $791,920,000 in Q1 2025, compared to $567,001,000 in Q1 2024 [40] - Total natural gas, NGLs, and oil sales for Q1 2025 reached $791,920, representing a 40% increase from $567,001 in Q1 2024, driven by a significant rise in natural gas sales [50] - Production of natural gas increased by 2% to 135,963,430 mcf in Q1 2025, while oil production decreased by 31% to 423,579 bbls [50] Debt and Assets - Range has a net debt of approximately $1.36 billion as of March 31, 2025 [11] - The company reported a total debt of $1,696,541,000 as of March 31, 2025, with net debt at $1,361,968,000, a 3% decrease from the previous year [44] - Current assets increased to $714,502,000 as of March 31, 2025, up from $636,982,000 at the end of 2024 [43] - The company’s current liabilities decreased to $1,211,926,000 as of March 31, 2025, from $1,263,247,000 at the end of 2024 [43] Costs and Expenses - Total costs and expenses for Q1 2025 were $580,819,000, a 9% increase from $535,114,000 in Q1 2024 [40] - Total transportation, gathering, processing, and compression costs for Q1 2025 were $306,109, up from $290,875 in Q1 2024, reflecting a 5% increase [50] - Exploration expenses rose to $6,044,000 in Q1 2025 from $4,202,000 in Q1 2024, reflecting an increase of about 43.7% [58] - Depletion, depreciation, and amortization expenses increased to $90,559,000 in Q1 2025 from $87,137,000 in Q1 2024, marking an increase of about 2.8% [58] Derivative and Fair Value - The company reported a derivative fair value loss of $158,957,000 in Q1 2025, compared to a gain of $46,598,000 in Q1 2024 [40] - Derivative fair value loss for Q1 2025 was $158,957,000, compared to a gain of $46,598,000 in Q1 2024, indicating a significant shift in derivative performance [58] - Net cash receipts on derivative settlements decreased to $4,573,000 in Q1 2025 from $122,373,000 in Q1 2024, a decline of approximately 96.3% [58] Future Outlook - Range expects its 2025 all-in capital budget to be between $650 million and $690 million, with annual production projected at approximately 2.2 Bcfe per day [18] - The company plans to exit 2025 with approximately 400,000 lateral feet of surplus inventory to support future development [14] - The company’s production forecasts are dependent on various assumptions, including production decline rates and future drilling activity [36] Miscellaneous - Bad debt expense remained unchanged at $0 for both Q1 2025 and Q1 2024, indicating no losses recorded [58] - The company reported a gain on the sale of assets of $62,000 in Q1 2025, compared to a gain of $87,000 in Q1 2024 [58] - Abandonment and impairment of unproved properties increased to $4,574,000 in Q1 2025 from $2,371,000 in Q1 2024, reflecting an increase of approximately 93.0% [58]

Range Resources (RRC) Q1 2025 Earnings Call April 23, 2025 09:00 AM ET Company Participants Laith Sando - SVP - Corporate Strategy & Investor RelationsDennis Degner - CEO & PresidentMark Scucchi - Executive VP & CFOJacob Roberts - DirectorKevin MacCurdy - Managing DirectorMichael Scialla - Managing DirectorJohn Annis - Vice PresidentNeil Mehta - Head of Americas Natural Resources Equity ResearchDavid Deckelbaum - Managing Director: Sustainability & Energy Transition Conference Call Participants Doug Leggate ...

Range Resources (RRC) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.55 per share when it actually produced earnings of $0.68, delivering a surprise of 23.64%.Over the last four ...

Revenue and Production - In Q1 2025, the company reported a 40% increase in revenue from the sale of natural gas, NGLs, and oil compared to Q1 2024, driven by a 37% increase in average realized prices and a 2% increase in production volumes [74]. - Total natural gas, NGLs, and oil sales reached $791.9 million in Q1 2025, a 38% increase from $567.0 million in Q1 2024 [80]. - Daily production averaged 2.2 Bcfe in Q1 2025, up from 2.1 Bcfe in the same period of 2024, reflecting a 2% increase in total production [74]. - Natural gas production increased by 2% to 135,963,430 mcf in Q1 2025 from 132,650,240 mcf in Q1 2024, while oil production decreased by 31% to 423,579 bbls [78]. - Oil production decreased to 424 Mbbls in Q1 2025, down from 610 Mbbls in Q1 2024, a decline of 30.5% [79]. - NGLs sales rose to $275.7 million in Q1 2025, compared to $256.1 million in Q1 2024, marking a 7.7% increase [80]. Financial Performance - Net income for Q1 2025 was $97.1 million, or $0.40 per diluted share, compared to $92.1 million, or $0.38 per diluted share in Q1 2024 [75]. - The company generated $330.1 million in cash from operating activities in Q1 2025, a slight decrease of $1.8 million from Q1 2024 [76]. - Cash flows from operating activities were $330.1 million in Q1 2025, slightly down from $331.9 million in Q1 2024 [96]. - The company paid $21.6 million in dividends, increasing the per share dividend by 12.5% to $0.09 compared to $0.08 in Q1 2024 [77]. - The company used operating cash flows to fund $158.3 million of capital expenditures in the first three months of 2025 [103]. Expenses and Costs - Direct operating expenses per mcfe increased to $0.13 in Q1 2025 from $0.11 in Q1 2024, attributed to higher water hauling and pumping costs [77]. - Transportation, gathering, processing, and compression expenses increased to $306.1 million in Q1 2025, up 5% from $290.9 million in Q1 2024 [80]. - Direct operating expense increased to $25.4 million in Q1 2025 from $22.2 million in Q1 2024, reflecting an 18% increase per mcfe [84]. - General and administrative expense decreased to $41.7 million in Q1 2025 from $43.9 million in Q1 2024, a 9% decline per mcfe [84]. - Interest expense decreased to $29.2 million in Q1 2025 from $30.5 million in Q1 2024, a 6% reduction per mcfe [85]. - Depletion, depreciation, and amortization expense increased to $90.6 million in Q1 2025 from $87.1 million in Q1 2024, with a 2% increase per mcfe [86]. Market Conditions and Price Realization - Average NYMEX natural gas prices rose to $3.66 per mcf in Q1 2025 from $2.23 per mcf in Q1 2024, while oil prices decreased to $71.40 per bbl from $76.92 per bbl [73]. - Average realized prices for natural gas increased by 76% to $3.61 per mcf in Q1 2025 from $2.05 per mcf in Q1 2024 [79]. - Average realized prices for oil decreased by 5% to $61.12 per bbl in Q1 2025 from $64.64 per bbl in Q1 2024 [79]. Liquidity and Capital Structure - The company maintained substantial liquidity with $344.6 million in cash on hand and $1.3 billion available under its credit facility [77]. - As of March 31, 2025, the company had approximately $1.6 billion of liquidity, consisting of $344.6 million in cash on hand and $1.3 billion available under the bank credit facility [99]. - The total remaining share repurchase authorization was approximately $948.6 million as of March 31, 2025 [106]. - At March 31, 2025, the company had approximately $1.7 billion of debt outstanding, bearing fixed interest rates averaging 6.0% [109]. - The company has undrawn letters of credit of $164.1 million as of March 31, 2025, which reduce borrowing capacity under the bank credit facility [101]. Risk Management - The company continues to focus on managing price risk through hedging and optimizing operational efficiencies to enhance financial performance [71]. - The company is exposed to market risks related to natural gas, NGLs, and oil prices, with approximately 64% of proved reserves being natural gas [115]. - Derivative fair value loss was $159.0 million in Q1 2025, compared to a gain of $46.6 million in Q1 2024, indicating increased volatility in revenues [81]. - The fair value of the company's derivative contracts approximated a net unrealized loss of $108.3 million as of March 31, 2025 [118]. Other Income and Expenses - Other income rose to $3.2 million in Q1 2025, compared to $3.0 million in Q1 2024, reflecting stable interest income [83]. - Exploration expense rose to $6.4 million in Q1 2025 from $4.5 million in Q1 2024, a 41% increase [90]. - Taxes other than income rose to $6.8 million in Q1 2025 from $5.7 million in Q1 2024, with a 33% increase per mcfe [84]. - Income tax expense decreased to $12.7 million in Q1 2025 from $18.2 million in Q1 2024 [93].