Key Takeaways RRC is likely to see handsome y/y earnings growth in 2025, aided by rising natural gas demand and prices. The company boasts low-cost drilling in Appalachia and continues to reduce its net debt load. RRC's selective MRange Resources Corporation (RRC) is expected to see year-over-year earnings growth of 40.4% in 2025.What's Favoring RRC Stock?In its latest short-term energy outlook, the U.S. Energy Information Administration projected 2025 Henry Hub spot natural gas at $4.12 per million Briti ...

A month has gone by since the last earnings report for Range Resources (RRC) . Shares have added about 15.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Range Resources due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It t ...

Financial Data and Key Metrics Changes - The meeting confirmed that there were 240,140,426 shares of common stock outstanding as of the record date [5] - A total of 226,624,793 shares of common stock were represented at the meeting, which is 94.37% of the company's common stock [7] Business Line Data and Key Metrics Changes - The advisory voting on executive compensation was approved with 98.89% of the votes cast [9] - Ernst and Young was ratified as the company's registered public accounting firm for 2025 with 98.5% approval [9] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The meeting did not provide detailed insights into the company's strategy or competitive landscape Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments regarding the operating environment or future outlook during the meeting Other Important Information - Jim Funk retired from the board after 17 years of service, and the board expressed gratitude for his contributions [4] Q&A Session All Questions and Answers Question: Were there any questions from the attendees? - There were no questions in the queue during the Q&A session [11]

Group 1 - The article focuses on analyzing oil and gas companies, specifically Range Resources, to identify undervalued opportunities in the sector [1] - It highlights the need for Range Resources to manage its debt levels effectively, especially after the decision to initiate a dividend despite high debt [2] - The cyclical nature of the oil and gas industry is emphasized, indicating that it requires patience and experience to navigate successfully [2] Group 2 - The analysis includes a breakdown of key financial metrics such as balance sheets, competitive positioning, and development prospects of the companies in the oil and gas sector [1]

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Range Resources (NYSE: RRC ) delivered Q1 2025 results that met expectations in terms of both production and costs. It also continues to expect to average 2.2 Bcfe per day in 2025 production and reaffirmed its cost g ...

Financial Performance - First quarter 2025 GAAP revenues totaled $691 million, with net income of $97 million ($0.40 per diluted share) and adjusted net income of $232 million ($0.96 per diluted share) [6][7] - Total revenues and other income for Q1 2025 were $690,554,000, a 7% increase from $645,456,000 in Q1 2024 [40] - Net income for Q1 2025 was $97,052,000, reflecting a 5% increase from $92,138,000 in Q1 2024 [40] - Net income for Q1 2025 was reported at $97,052, up from $92,138 in Q1 2024, with adjusted net income excluding certain items increasing by 39% to $232,087 [55] - Adjusted diluted earnings per share for Q1 2025 was $0.96, a 39% increase from $0.69 in Q1 2024 [53] Cash Flow and Capital Expenditures - Cash flow from operating activities was $330 million, while cash flow from operations before changes in working capital was $397 million [8] - Capital expenditures for the first quarter were $147 million, representing about 22% of the annual budget for 2025 [8][13] - The company repurchased $68 million of shares and paid $22 million in dividends during the first quarter [8] Production and Sales - Production averaged 2.20 Bcfe per day, with approximately 69% being natural gas [8] - Natural gas, NGLs, and oil sales reached $791,920,000 in Q1 2025, compared to $567,001,000 in Q1 2024 [40] - Total natural gas, NGLs, and oil sales for Q1 2025 reached $791,920, representing a 40% increase from $567,001 in Q1 2024, driven by a significant rise in natural gas sales [50] - Production of natural gas increased by 2% to 135,963,430 mcf in Q1 2025, while oil production decreased by 31% to 423,579 bbls [50] Debt and Assets - Range has a net debt of approximately $1.36 billion as of March 31, 2025 [11] - The company reported a total debt of $1,696,541,000 as of March 31, 2025, with net debt at $1,361,968,000, a 3% decrease from the previous year [44] - Current assets increased to $714,502,000 as of March 31, 2025, up from $636,982,000 at the end of 2024 [43] - The company’s current liabilities decreased to $1,211,926,000 as of March 31, 2025, from $1,263,247,000 at the end of 2024 [43] Costs and Expenses - Total costs and expenses for Q1 2025 were $580,819,000, a 9% increase from $535,114,000 in Q1 2024 [40] - Total transportation, gathering, processing, and compression costs for Q1 2025 were $306,109, up from $290,875 in Q1 2024, reflecting a 5% increase [50] - Exploration expenses rose to $6,044,000 in Q1 2025 from $4,202,000 in Q1 2024, reflecting an increase of about 43.7% [58] - Depletion, depreciation, and amortization expenses increased to $90,559,000 in Q1 2025 from $87,137,000 in Q1 2024, marking an increase of about 2.8% [58] Derivative and Fair Value - The company reported a derivative fair value loss of $158,957,000 in Q1 2025, compared to a gain of $46,598,000 in Q1 2024 [40] - Derivative fair value loss for Q1 2025 was $158,957,000, compared to a gain of $46,598,000 in Q1 2024, indicating a significant shift in derivative performance [58] - Net cash receipts on derivative settlements decreased to $4,573,000 in Q1 2025 from $122,373,000 in Q1 2024, a decline of approximately 96.3% [58] Future Outlook - Range expects its 2025 all-in capital budget to be between $650 million and $690 million, with annual production projected at approximately 2.2 Bcfe per day [18] - The company plans to exit 2025 with approximately 400,000 lateral feet of surplus inventory to support future development [14] - The company’s production forecasts are dependent on various assumptions, including production decline rates and future drilling activity [36] Miscellaneous - Bad debt expense remained unchanged at $0 for both Q1 2025 and Q1 2024, indicating no losses recorded [58] - The company reported a gain on the sale of assets of $62,000 in Q1 2025, compared to a gain of $87,000 in Q1 2024 [58] - Abandonment and impairment of unproved properties increased to $4,574,000 in Q1 2025 from $2,371,000 in Q1 2024, reflecting an increase of approximately 93.0% [58]

Range Resources (RRC) Q1 2025 Earnings Call April 23, 2025 09:00 AM ET Company Participants Laith Sando - SVP - Corporate Strategy & Investor RelationsDennis Degner - CEO & PresidentMark Scucchi - Executive VP & CFOJacob Roberts - DirectorKevin MacCurdy - Managing DirectorMichael Scialla - Managing DirectorJohn Annis - Vice PresidentNeil Mehta - Head of Americas Natural Resources Equity ResearchDavid Deckelbaum - Managing Director: Sustainability & Energy Transition Conference Call Participants Doug Leggate ...

Core Insights - California Resources Corporation (CRC) and Range Resources (RRC) are two stocks in the Oil and Gas - Exploration and Production sector in the United States, with CRC currently presenting a better value opportunity compared to RRC [1][7]. Valuation Metrics - CRC has a forward P/E ratio of 11.16, while RRC has a forward P/E of 11.68, indicating that CRC is relatively cheaper [5]. - The PEG ratio for CRC is 0.95, suggesting a favorable valuation considering its expected earnings growth, whereas RRC has a significantly higher PEG ratio of 4.49 [5]. - CRC's P/B ratio stands at 0.88, which is lower than RRC's P/B ratio of 2.34, further indicating that CRC may be undervalued [6]. Earnings Outlook - CRC is experiencing an improving earnings outlook, which contributes to its stronger Zacks Rank of 2 (Buy), compared to RRC's Zacks Rank of 3 (Hold) [3][7].