Range Resources (RRC) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Viewpoint - Analysts forecast a decline in Range Resources' quarterly earnings and revenues, indicating potential challenges for the company in the upcoming earnings release [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been adjusted upward by 10.8% over the past 30 days, reflecting a reassessment by covering analysts [2]. - The anticipated earnings per share (EPS) is $0.55, representing a year-over-year decline of 12.7$693.03 million, which is a decline of 3.1% compared to the same quarter last year [1]. - Analysts estimate that revenues from natural gas, NGLs, and oil sales will reach $615.49 million, indicating a 2$42.84 million, reflecting a decrease of 3.6% year-over-year [5]. Production Estimates - The consensus estimate for net production per day of natural gas is 1,515.42 Mcf/D, down from 1,540.4 Mcf/D in the previous year [6]. - Analysts predict net production per day of oil to be 5,896.23 million barrels, a decrease from 7,136 million barrels reported in the same quarter last year [7]. - The estimated net production per day of NGLs is projected at 107.26 million barrels, slightly up from 104.04 million barrels in the previous year [7]. Price Realizations - Average realized prices after hedges for oil are expected to be $68.60, compared to$63.42 in the same quarter last year [8]. - Average realized prices after hedges for NGLs are projected to reach $25.27, up from$24.91 in the previous year [9]. - The average price for oil, excluding derivative settlements, is estimated at $58.65, down from$67.72 year-over-year [10]. Market Performance - Over the past month, Range Resources shares have declined by 4.2%, while the S&P 500 composite has decreased by 0.5% [10]. - The company holds a Zacks Rank of 3 (Hold), suggesting it may perform in line with the overall market in the near term [10].