Range Resources (RRC) Achieves Record Operational Efficiency, $650M in 2025 Free Cash Flow

Core Insights - Range Resources Corporation (NYSE:RRC) is identified as a cheap energy stock with significant financial performance, reporting over $650 million in free cash flow and $1.3 billion in cash flow from operations for 2025 [1][6] - The company achieved an average production of 2.24 Bcfe per day and set a new operational efficiency benchmark of 9.7 frac stages per day, which contributed to a reduction in net debt by $186 million [1][6] Financial Projections - For 2026, Range Resources has set a capital budget of $650 to $700 million, aiming to increase production to between 2.35 and 2.40 Bcfe per day [2] - The company plans to convert a significant portion of its 500,000-foot drilled-but-uncompleted inventory, with a target production ramp-up to 2.6 Bcfe per day by 2027 [2] Strategic Initiatives - Strategic marketing is emphasized as a growth pillar, including a new 10-year agreement to supply natural gas to a Midwest power plant at premium pricing [3] - Although a slight production dip is anticipated in Q1 2026 due to infrastructure expansion timing, a mid-year increase is expected as new processing capacity becomes operational [3] Company Overview - Range Resources Corporation operates as an independent company in the US, focusing on the exploration, development, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties, primarily in the Appalachian region [4]