Range Resources Corporation (NYSE:RRC) Q2 2024 Earnings Conference Call July 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 Roger Read - Wells Fargo Michael Scialla - Stephens Doug Leggate - Wolfe Research Jake Roberts - TPH & Company Scott Hanold - RBC Neil Mehta - Goldman Sachs Arun Jayaram - JPMorgan Paul Diam ...

Exhibit 99.1 NEWS RELEASE Range Announces Second Quarter 2024 Results FORT WORTH, TEXAS, July 23, 2024…RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter 2024 financial results. Second Quarter 2024 Highlights – Financial Discussion Except for generally accepted accounting principles ("GAAP") reported amounts, specific expense categories exclude non-cash impairments, unrealized mark-to-market adjustment on derivatives, non-cash stock compensation and other items shown separately on th ...

Range Resources (RRC) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 17.95%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.56 per share when it actually produced earnings of $0.69, delivering a surprise of 23.21%. Over the last fo ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------|-------|-------------|-------|---------------------------------------|-------|-----------------------|-------------------|-------|---------|----------|------------------------------|--------------|-----------------------|-------|-------------| | Natural gas \nPrice (per mcf) | $ | 2023 \n1.74 | $ | June 30, \nPrice Variance \n(0.20 ) | $ | Volume Variance \n— | 2024 \n$ 1. ...

| --- | --- | --- | --- | --- | |---------------------------------------|-------------------|--------------------------------------------------|------------|-------------------------------| | | Natural Gas (mcf) | 2Q24 Production & Realized Pricing \nNGLs (bbls) | Oil (bbls) | Natural Gas Equivalent (mcfe) | | Net production per day | 1,495,594 | 103,042 | 6,517 | 2,152,946 | | | | | | | | Average NYMEX price | $ 1.88 | $ 23.09 | $ 80.49 | | | Differential, including basis hedging | (0.41 ) | 1.26 | (12.17 ...

RANGE RESOURCES CORPORATION RECONCILIATION OF NET INCOME, EXCLUDING CERTAIN ITEMS AND ADJUSTED EARNINGS PER SHARE, non-GAAP measures (In thousands, except per share data) Three Months Ended Six Months Ended June | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------|----------------------------------------|-------|-------|----------------------------|-------|-----------------------------------|-------|----------- ...

The Zacks Consensus Estimate for second-quarter loss per share of 39 cents has witnessed four downward revisions and no upward movement over the past 30 days. The estimated figure suggests an improvement of 30% from the year-ago quarter's reported number. On the production front, we expect the company, having a strong footprint in the prolific Appalachian Basin, to produce 1.3% year-over-year higher natural gas equivalent volumes. Our proven model does not indicate an earnings beat for RRC this time around. ...

"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 ...

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 ...

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 ...