Range Resources(RRC)
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Range Announces Second Quarter 2025 Results
Globenewswire· 2025-07-22 20:20
Core Insights - Range Resources Corporation reported strong financial results for the second quarter of 2025, highlighting efficiency gains and consistent well performance that contributed to significant free cash flow and operational momentum [3][5][7]. Financial Performance - GAAP revenues for Q2 2025 reached $856 million, a 62% increase from $530 million in Q2 2024 [5][37]. - GAAP net income was $238 million, or $0.99 per diluted share, compared to $28.7 million, or $0.12 per diluted share in the same quarter last year, marking a 728% increase [5][38]. - Cash flow from operations was $336 million, with adjusted net income of $158 million, or $0.66 per diluted share [6][7]. Operational Efficiency - The company achieved a production average of 2.20 Bcfe per day, with approximately 68% being natural gas [7]. - Total cash unit costs increased by 5% to $1.97 per mcfe compared to $1.88 per mcfe in Q2 2024 [8]. - Capital expenditures for Q2 2025 were $154 million, representing about 23% of the annual budget [7][11]. Shareholder Returns - Range Resources returned $74 million to shareholders through share repurchases and dividends, repurchasing $53 million worth of shares [3][7][9]. - The company reduced its net debt to $1.2 billion, down from $1.7 billion [3][10][43]. Production and Pricing Guidance - The company updated its 2025 production guidance to approximately 2.225 Bcfe per day, up from the previous estimate of 2.2 Bcfe per day [15]. - The expected natural gas differential for 2025 is projected to average between ($0.40) to ($0.48) relative to NYMEX [11][18]. Future Outlook - Range Resources is well-positioned to capitalize on in-basin demand opportunities and a global call for natural gas, supported by its high-quality inventory [3][4]. - The company plans to continue its countercyclical investments in drilled inventory to support future growth [3][12].
Range Resources Surpasses Industry Gains: What Should Investors Know?
ZACKS· 2025-07-03 16:46
Core Viewpoint - Range Resources Corporation (RRC) has shown resilience with a 5.5% share price increase over the past six months, contrasting with a 20.7% decline in the oil-energy sector and a 3.6% rise in the S&P 500 composite [1][6] Financial Performance - RRC's market capitalization stands at $9.3 billion [1] - The Zacks Consensus Estimate projects a 38.3% year-over-year increase in RRC's 2025 earnings per share (EPS) and a 14.3% rise in revenues to $3.2 billion [3][6] - The company has achieved a 34.3% earnings growth over the last five years, surpassing the industry average of 26.1% [3] - Long-term earnings growth is anticipated at 40.8%, exceeding the industry average of 20.5% [4] Valuation and Price Targets - The average price target for RRC, based on 22 analysts, is $42.18 per share, indicating an 8.26% upside from the last closing price [5] - RRC is currently trading at a trailing 12-month EV/EBITDA of 10.01X, which is lower than the broader industry average of 11.07X [8] - The 2026E EV/EBITDA multiple is projected at 6.5X, significantly below sector peers and broader equity indices [14] Cash Flow and Capital Management - RRC has consistently generated free cash flow, with a cumulative $3.2 billion from 2021 to 2024 [13] - The forecast for 2025 free cash flow exceeds $450 million, with potential to surpass $1 billion at $4.50/MMBtu natural gas prices [6][13] - The company operates with a capital reinvestment rate below 50%, allowing for a production growth of approximately 20% through 2027 while returning capital to shareholders [13] Resource Base and Operational Efficiency - RRC holds over 30 years of high-quality, undrilled Marcellus inventory, with approximately 28 million lateral feet of drilling potential [10] - The inventory breaks even at natural gas prices below $2.50/MMBtu, with some assets viable under $2.00/MMBtu [12] - The company benefits from low capital intensity and peer-leading well costs, enabling sustained value creation even in modest commodity price scenarios [15] Environmental, Social, and Governance (ESG) Practices - RRC achieved net-zero Scope 1 and 2 greenhouse gas emissions in 2024 and reduced methane intensity by 83% since 2019 [16] - The company recycles more than 100% of its produced water and has implemented an extensive leak detection program [16] - These practices enhance stakeholder relations and support a long-term license to operate in Appalachia [17]
Range Announces Conference Call to Discuss Second Quarter 2025 Financial Results
Globenewswire· 2025-07-03 11:00
Core Viewpoint - Range Resources Corporation will release its second quarter 2025 financial results on July 22, 2025, after the market closes [1] Group 1 - A conference call to discuss the financial results is scheduled for July 23, 2025, at 9:00 a.m. ET [2] - The conference call will be available via webcast, which will be archived for replay until August 23, 2025 [2] - Range Resources Corporation is a leading independent natural gas and NGL producer, primarily operating in the Appalachian Basin [3]
Range Resources Publishes 2024-2025 Corporate Sustainability Report
Globenewswire· 2025-06-26 11:00
Core Insights - Range Resources Corporation published its 2024-2025 Corporate Sustainability Report, emphasizing its commitment to sustainable energy development [1] - The CEO highlighted the integration of operational excellence and environmental responsibility as key to delivering sustainable performance and long-term value [2] Corporate Sustainability Report Highlights - Achieved Net Zero Scope 1 and 2 GHG emissions for 2024, ahead of the 2025 goal, through direct emissions reductions and verified carbon offsets [3] - GHG emissions intensity reduced by 43% and methane emissions intensity reduced by 83% since 2019, surpassing initial targets [3] - Total number of reportable spills ≥ 1 bbl decreased by 33% compared to 2023 [7] - Approximately 100% of flowback and produced water from operations was recycled [7] Environmental Stewardship and Safety - Received an "A" grade MiQ certification for all production [7] - DART Rate of 0.17 and TRIR of 0.33, indicating strong safety performance [7] - Employees completed over 3,000 hours of safety training, with an average tenure of ~10 years [7] Community Impact and Governance - Paid over $5 billion in impact fees, royalties, lease payments, and charitable contributions benefiting Pennsylvania communities [7] - Invested $1.2 million into communities, including $213,500 to first responders [7] - Employees volunteered a record 3,100+ hours for community organizations [7] Reporting Standards and Frameworks - The Sustainability Report aligns with best practice sustainability reporting standards, including GRI, SASB, IPIECA, TCFD, and AXPC ESG Metrics Framework [8]
I'm Not Kidding - These 2 Beaten Stocks Could Double
Seeking Alpha· 2025-06-16 11:30
Group 1 - The article emphasizes the universal desire among individuals to grow their net worth and create new income streams, regardless of personal characteristics [1] - iREIT on Alpha offers in-depth research on various investment vehicles including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, highlighting its value proposition through 438 testimonials, most of which are 5 stars [1] Group 2 - There is a disclosure regarding a beneficial long position in the shares of ODFL, indicating a vested interest in the stock [2] - The article expresses personal opinions of the author and clarifies that no compensation is received for the article, aside from Seeking Alpha [2] Group 3 - Seeking Alpha provides a disclaimer that past performance does not guarantee future results and that no specific investment advice is being given [3] - The platform clarifies that its analysts are third-party authors, which may include both professional and individual investors who might not be licensed or certified [3]
Range Resources: A Low-Cost LNG Lever On The Tightening U.S. Gas Market
Seeking Alpha· 2025-06-08 05:12
Company Overview - Range Resources (NYSE: RRC) is a leading natural gas producer with core operations in the Marcellus Shale in Appalachia [1] - The company has a key advantage in its ultra-low-cost production capabilities, enabling it to generate free cash flow even in challenging market conditions [1] Investment Potential - The company is positioned as a high-quality investment opportunity due to its strong production capabilities and cost efficiency [1]
Here's Why You Should Hold On to Range Resources Stock Right Now
ZACKS· 2025-06-06 15:56
Key Takeaways RRC is likely to see handsome y/y earnings growth in 2025, aided by rising natural gas demand and prices. The company boasts low-cost drilling in Appalachia and continues to reduce its net debt load. RRC's selective MRange Resources Corporation (RRC) is expected to see year-over-year earnings growth of 40.4% in 2025.What's Favoring RRC Stock?In its latest short-term energy outlook, the U.S. Energy Information Administration projected 2025 Henry Hub spot natural gas at $4.12 per million Briti ...
Range Resources (RRC) Up 15.5% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-05-22 16:36
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 ...
Range Resources(RRC) - 2025 FY - Earnings Call Transcript
2025-05-14 14:00
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]
Range Resources: Mr. Market Can Be Picky At Times
Seeking Alpha· 2025-04-27 14:20
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]