Range Resources: A Buy Despite Mixed H1-2024 Earnings Report

Jeremy Poland Stock performance VAL Range Resources Corp (RRC) Price 31.78 Seeking Alpha vered by YCHARTS Data by YCharts Total sales for H1-2024 were $1,175 M, down 36% year-over-year (or$ 647 M). The main reasons behind this decline are the impact of hedging and the droy in average realized prices. In H1-2024, hedging generated revenues of $63M, while in H1-2023 revenues generated from hedging were$ 491 M. For what concerns prices, the average price for NGLs in HI-2024 was $25.31/barrel (+3.1% y-o-y) whil ...