Core Viewpoint - Range Resources Corporation will release its first quarter 2025 financial results on April 22, 2025, after the market closes [1] Group 1: Financial Results Announcement - The financial results news release is scheduled for April 22, 2025, after the close of trading on the New York Stock Exchange [1] - A conference call to review the financial results will take place on April 23, 2025, at 9:00 a.m. ET [2] - The conference call will be accessible via a webcast, which will be archived for replay until May 23, 2025 [2] Group 2: Company Overview - Range Resources Corporation is a leading independent natural gas and NGL producer in the U.S., primarily operating in the Appalachian Basin [3] - The company is headquartered in Fort Worth, Texas [3] - Additional information about Range Resources can be found on their official website [3]

Industry Insights - The American Exploration and Production Council (AXPC) hosted a visit by Secretary Doug Burgum to a hydraulic fracturing site in Pennsylvania, emphasizing the role of local oil and gas in meeting U.S. energy needs [1][2] - The event showcased Halliburton's Zeus® intelligent electric fracturing platform, highlighting how innovation can enhance domestic energy supply while reducing emissions and costs [2][3] - The visit underscored the potential for American energy producers to meet increasing demand both domestically and internationally, while also supporting local communities and driving emissions reductions [3] Company Highlights - AXPC CEO Anne Bradbury stated that with appropriate policies, energy production can grow, supporting jobs and lowering costs for families while reducing emissions [3] - EQT's President and CEO Toby Z. Rice noted the significance of the Administration's visit to Appalachia, recognizing the region's importance in securing America's energy future [3] - Halliburton's President for the Western Hemisphere, Mark Richard, emphasized the evolution of hydraulic fracturing technology and its role in maximizing production and efficiency [3] - Range Resources' CEO Dennis Degner highlighted the readiness of Pennsylvanians to contribute to U.S. energy needs, advocating for leveraging American energy to enhance national security and innovation [3]

Company Overview - Range Resources (RRC) shares have increased by approximately 3.4% over the past month, outperforming the S&P 500 [1] - The most recent earnings report is crucial for understanding the catalysts affecting the stock [1] Earnings Estimates - Estimates for Range Resources have trended downward in the past month [2] - The stock has a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [4] VGM Scores - Range Resources has a subpar Growth Score of D, a Momentum Score of A, and a Value Score of D, placing it in the bottom 40% for the value investment strategy [3] Industry Performance - Range Resources is part of the Zacks Oil and Gas - Exploration and Production - United States industry [5] - Cheniere Energy (LNG), another player in the same industry, has seen a 6.2% increase in its stock price over the past month [5] - Cheniere Energy reported revenues of $4.44 billion for the last quarter, reflecting an 8% year-over-year decline, with an EPS of $4.33 compared to $5.76 a year ago [6]

Group 1 - The article emphasizes the importance of providing alpha-generating investment ideas and encourages readers to evaluate the author's performance based on past results [1] - The investment strategy is generalist, focusing on sectors with perceived alpha potential compared to the S&P 500, with typical holding periods ranging from a few quarters to multiple years [1] - The article suggests reviewing the ratings history of published articles as an indicator of the author's investment skill and the effectiveness of recommendations [1] Group 2 - The author has disclosed a beneficial long position in shares of RRC and VOO, indicating a personal investment interest in these stocks [2] - The article expresses the author's personal opinions and clarifies that no compensation is received from companies mentioned, ensuring independence in analysis [2] - Seeking Alpha's disclosure notes that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [3]

Core Viewpoint - Investors in the Oil and Gas - Exploration and Production sector should consider Permian Resources (PR) and Range Resources (RRC) for potential value investment opportunities [1] Valuation Metrics - Permian Resources has a forward P/E ratio of 8.04, while Range Resources has a forward P/E of 12.14 [5] - The PEG ratio for PR is 3.62, compared to RRC's PEG ratio of 4.67, indicating PR may have better growth prospects relative to its valuation [5] - PR's P/B ratio is 1.04, significantly lower than RRC's P/B of 2.39, suggesting PR is more undervalued based on book value [6] Earnings Outlook - Permian Resources is currently experiencing an improving earnings outlook, which enhances its attractiveness in the Zacks Rank model [7] - The Zacks Rank for PR is 2 (Buy), while RRC holds a Zacks Rank of 3 (Hold), indicating a stronger positive earnings estimate revision trend for PR [3]

Core Insights - Range Resources (NYSE: RRC) reported 2024 results that met expectations and provided formal guidance for 2025, indicating stability in performance [2] - The 2025 guidance aligns closely with prior modeling, although it anticipates slightly lower prices for Natural Gas Liquids (NGLs) [2] Company Overview - Range Resources is focused on the energy sector, particularly in the context of value opportunities and distressed plays [2] - The company has a significant analytical backing, with insights from experienced analysts like Aaron Chow, who has over 15 years of experience [2] Analyst Background - Aaron Chow, known as Elephant Analytics, co-founded a mobile gaming company that was acquired by PENN Entertainment and has a strong analytical background [2] - The Distressed Value Investing group, led by Chow, emphasizes both value opportunities and distressed investments within the energy sector [2]

Core Viewpoint - Range Resources Corporation announced a quarterly cash dividend increase of 12.5%, reflecting the company's strong financial performance and commitment to returning value to shareholders [1]. Group 1: Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.09 per common share [1]. - The dividend is payable on March 28, 2025, to stockholders of record as of March 14, 2025 [1]. - This increase results in an annualized dividend of $0.36 per share [1]. Group 2: Company Overview - Range Resources Corporation is a leading independent natural gas and NGL producer in the U.S., primarily operating in the Appalachian Basin [2]. - The company is headquartered in Fort Worth, Texas [2].

Core Viewpoint - Range Resources Corporation has appointed Christian S. Kendall to its Board of Directors, effective February 27, 2025, to enhance its governance and strategic initiatives in the energy sector [1][2]. Group 1: Appointment Details - Christian S. Kendall will serve on Range's Governance and Nominating and ESG and Safety Committees [1]. - Mr. Kendall has over 30 years of experience in the oil and gas industry, including leadership roles at Denbury Inc. and Noble Energy [2][3]. Group 2: Background and Expertise - Prior to his appointment, Mr. Kendall was the President and CEO of Denbury Inc. until its acquisition by Exxon Mobil Corporation in November 2023 [2]. - He has held various leadership positions at Noble Energy for 14 years, focusing on global operations [3]. - Mr. Kendall began his career in the energy sector at Mobil Corporation in 1989 [3]. Group 3: Educational Qualifications - Mr. Kendall holds a Bachelor of Science in Engineering, Civil Specialty from the Colorado School of Mines and completed the Advanced Management Program at Harvard Business School [4]. Group 4: Company Overview - Range Resources Corporation is a leading independent natural gas and NGL producer in the U.S., primarily operating in the Appalachian Basin [5].

Core Insights - Range Resources Corporation (RRC) reported fourth-quarter 2024 adjusted earnings of 68 cents per share, exceeding the Zacks Consensus Estimate of 51 cents and improving from 63 cents in the prior year [1] - Total quarterly revenues reached $750 million, surpassing the Zacks Consensus Estimate of $693 million and increasing from $715 million year-over-year [1] Operational Performance - Production averaged 2,202.5 million cubic feet equivalent per day (Mcfe/d), slightly lower than the prior-year level of 2,207.4 Mcfe/d but above the projection of 2,196.2 Mcfe/d [3] - Natural gas contributed approximately 68% to total production, with natural gas production decreasing by 2% year-over-year, oil production decreasing by 30%, and NGL output increasing by 7% [3] Price Realization - Total price realization averaged $3.13 per Mcfe, up 5% year-over-year and higher than the estimate of $2.74 per Mcfe [4] - Natural gas price increased by 8% year-over-year to $2.43 per Mcf, while NGL price rose by 6% and oil price fell by 12% [4] Costs & Expenses - Total costs and expenses increased by 1% year-over-year to $562 million, exceeding the expectation of $554.4 million [5] - Transportation, gathering, processing, and compression costs rose to $299.4 million from $283.1 million in the prior-year quarter [5] Capital Expenditure & Balance Sheet - Drilling and completion expenditure amounted to $124 million, with an additional $29 million spent on acreage leasehold and gathering systems [6] - Total debt at the end of the reported quarter was $1,697.9 million [6] 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 [7] - The estimated capital budget for 2025 is between $650 million and $690 million [7]

Financial Performance - Range's 2024 cash flow from operating activities was $945 million, with a net income of $95 million, translating to $0.39 per diluted share[7][13]. - Total revenues and other income decreased by 33% year-over-year to $626,417,000 for the three months ended December 31, 2024, and by 28% to $2,417,084,000 for the twelve months ended December 31, 2024[50]. - Net income for the three months ended December 31, 2024, was $94,842,000, a decrease of 69% compared to $310,034,000 in the same period of 2023, and for the twelve months, it was $266,340,000, down 69% from $871,142,000[50]. - The company reported a net cash provided from operating activities of $217,890,000 for the three months ended December 31, 2024, and $944,514,000 for the twelve months, reflecting a decrease from $226,095,000 and $977,892,000, respectively[56]. - Total revenues for the twelve months ended December 31, 2024, were $2,213,850,000, a decrease of 5.2% from $2,334,661,000 in 2023[67]. - Adjusted earnings per diluted share for the twelve months ended December 31, 2024, was $2.30, down from $2.40 in 2023[65]. Production and Reserves - Proved reserves at year-end 2024 remained stable at 18.1 Tcfe, with positive performance revisions for the 17th consecutive year[7][22]. - Range's 2025 capital budget is projected to be between $650 million and $690 million, targeting annual production of approximately 2.2 Bcfe per day[6][26]. - The company plans to maintain a production level of 2.6 Bcfe per day by 2027, requiring approximately $570 million in annual drilling and completion capital[11]. - Total production of natural gas, NGLs, and oil for 2024 was 796,234,598 mcfe, a 2% increase from 780,574,707 mcfe in 2023[60]. Pricing and Sales - The average realized price for natural gas in Q4 2024 was $2.90 per mcfe, with a differential of ($0.44) to NYMEX[18]. - The company expects FY 2025 natural gas prices to range from $0.40 to $0.48 below NYMEX, with liquids prices ranging from $0.00 to $1.25 per barrel, and oil/condensate prices expected to be $10.00 to $15.00 below WTI[29]. - Natural gas sales increased to $337,176,000 in Q4 2024 from $320,393,000 in Q4 2023, representing a 5% growth[60]. - NGLs sales rose to $270,356,000 in Q4 2024, up from $238,423,000 in Q4 2023, marking a 13% increase[60]. - Oil sales decreased to $27,590,000 in Q4 2024 from $44,463,000 in Q4 2023, a decline of 38%[60]. Debt and Cash Flow Management - The company reduced net debt by $172 million, ending 2024 with approximately $1.40 billion in net debt[7][20]. - Current assets increased to $636,982,000 as of December 31, 2024, compared to $528,794,000 in 2023, while current liabilities rose significantly to $1,263,247,000 from $580,469,000[53]. - Total debt, net of deferred financing costs, decreased by 4% to $1,697,883,000 as of December 31, 2024, from $1,774,229,000 in 2023[54]. - The company emphasizes the importance of cash flow from operations before changes in working capital as a key financial indicator for funding exploration and development activities[36]. Hedging and Financial Strategy - The company maintains a strong hedging strategy to enhance cash flow predictability and financial flexibility[31]. - As of December 31, 2024, the combined fair value of natural gas basis hedges resulted in a net loss of $29.2 million, indicating the company's strategy to limit price volatility[32]. - The presentation of PV10 value of proved reserves is highlighted as a relevant metric for investors, providing a basis for evaluating estimated net cash flows[41]. Dividends and Shareholder Returns - Range's Board of Directors plans to approve a 12.5% increase in the quarterly cash dividend to $0.09 per share[21]. Other Financial Metrics - Basic net income per common share for the three months ended December 31, 2024, was $0.39, down from $1.29 in 2023, and diluted earnings per share was $0.39 compared to $1.27[50]. - Non-GAAP diluted earnings per share for 2024 was $0.68, up 6% from $0.64 in 2023[63]. - Cash margin for Q4 2024 was $314,556,000, representing a 5.4% increase from $298,445,000 in Q4 2023[68]. - Cash margin per mcfe for Q4 2024 was $1.55, up 5.4% from $1.47 in Q4 2023[67].