Range Resources Corporation (NYSE:RRC) is one of the cheap energy stocks to buy right now. On February 24, Range Resources reported earnings for 2025, generating over $650 million in free cash flow and $1.3 billion in cash flow from operations. The company averaged 2.24 Bcfe per day in production while achieving record operational efficiencies, including a new benchmark of 9.7 frac stages per day. This performance allowed Range to reduce its net debt by $186 million. For 2026, Range Resources has establi ...

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation ("Permian Resources†or the "Company†) (NYSE: PR) today announced its fourth quarter and full year 2025 financial and operational results and 2026 financial and operational plans. Fourth Quarter 2025 Financial and Operational Highlights Full Year 2025 Financial and Operational Highlights 2026 Financial and Operational Plan Management Commentary "2025 marked our third consecutive year of operational execution as a public company, and I could not ...

Fourth Quarter 2025 Earnings Supplement February 19, 2026 | TARGA RESOURCES CORP. Forward Looking Statements + Reduction in non-controlling interests attributable to Badlands transaction and acquisition of CBF minority interest Certain statements in this presentation are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, include ...

Market Overview - The market is currently experiencing a rotation period, with a significant surge in value stocks compared to growth stocks, marking the largest shift in over four years [3] - Despite recent slowdowns, the market outlook remains promising as it navigates through key challenges, including changes in Federal Reserve leadership and government negotiations [2] Company Analysis: Enterprise Products Partners L.P. (NYSE:EPD) - Enterprise Products Partners L.P. reported fiscal Q4 2025 earnings on February 3, achieving $13.79 billion in revenue, which is a 2.87% decrease year-over-year but exceeded consensus estimates by $1.43 billion [11] - The company's EPS for the quarter was $0.75, surpassing estimates by $0.06, driven by growth in the Natural Gas and Petrochemical & Refined Products segments, although offset by lower oil prices [11] - Analysts have raised price targets for EPD, with Wells Fargo increasing its target from $36 to $38 and Scotiabank from $35 to $37, while both maintained a Hold rating due to discrepancies between operational data and financial outcomes [9][10][12] Company Analysis: Energy Transfer LP (NYSE:ET) - Energy Transfer LP released fiscal Q4 2025 earnings on February 17, reporting revenue of $25.32 billion, a 29.57% year-over-year increase, but an EPS of $0.25 fell short of estimates by $0.11 [14] - The company experienced volume growth in the fourth quarter, with NGL and refined product terminal volumes up 12% and NGL transportation volumes increasing by 5%, driven by demand from data centers and power generation [15] - Energy Transfer has set its 2026 adjusted EBITDA guidance between $17.45 billion and $17.85 billion, an increase from the previous range of $17.3 billion to $17.7 billion [16]

Group 1: Company Overview - Antero Resources Corporation (NYSE:AR) is a Colorado-based independent oil and natural gas company that provides natural gas, natural gas liquids (NGLs), and oil properties, operating through three segments: Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream [4] Group 2: Financial Developments - On January 16, BofA cut the price target on Antero Resources Corporation (NYSE:AR) to $39 from $47 while maintaining a 'Buy' rating, indicating a market optimism for natural gas that has persisted for 18 months, but anticipating a risk of oversupply in the coming year [1] - Benchmark reiterated its 'Hold' rating on Antero Resources Corporation (NYSE:AR) following the company's debt issuance for the $2.8 billion acquisition of HG Energy II, which includes $750 million of 5.4% notes and an $800 million sale of its Ohio Utica assets to partially fund the purchase [2] - The remaining half of the acquisition will be financed through a $1.5 billion term loan with a three-year maturity, with a clear path to debt reduction expected by the end of 2027 [3] Group 3: Market Sentiment - BofA's price projections for the gas-levered E&P group have seen a 12% average reduction due to the anticipated oversupply and reduced price guidance [1]

Core Thesis - Canadian Natural Resources Limited (CNQ) is viewed as a deeply undervalued opportunity in the oil and gas sector, with a strong dividend supported by operating cash flow even at lower oil prices [3][6]. Company Overview - CNQ engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) primarily in Western Canada, the UK sector of the North Sea, and Offshore Africa [2]. Financial Performance - As of January 13th, CNQ's share price was $33.15, with trailing and forward P/E ratios of 14.18 and 16.31 respectively [1]. - Recent earnings showed resilience despite weaker oil prices, with dividends raised and debt reduced [6]. Market Conditions - Short-term price weakness is attributed to slowing US shale activity, including declining rig counts and reduced capital spending, which may lead to tighter supply and higher prices in the long term [4]. - Current oil prices have fallen to around $55 per barrel, but CNQ's dividend is fully covered by operating cash flow down to approximately $40 to $45 per barrel, providing a margin of safety [3]. Long-term Outlook - Political risk in Canadian energy has decreased, improving industry sentiment, while CNQ's increased ownership in the Athabasca oil sands enhances long-term value creation [5]. - The intrinsic value of CNQ is estimated at nearly C$61 per share, suggesting significant upside potential from current levels [7]. - The company demonstrates capital discipline through accretive acquisitions and returning capital to shareholders, positioning itself well for long-term growth [6].

Group 1: Antero Resources Corporation Overview - Antero Resources Corporation (NYSE:AR) is recognized as one of the 10 cheapest oil and gas stocks to invest in [1] - The company operates as an independent oil and natural gas entity, involved in the production, acquisition, development, and exploration of natural gas liquids (NGLs), natural gas, and oil properties across the United States [4] - Antero Resources has three operational segments: Marketing, Exploration & Production, and Equity Method Investment in Antero Midstream [4] Group 2: Recent Analyst Ratings and Price Targets - On January 5, Wells Fargo analyst Sam Margolin added Antero Resources to the firm's Q1 2026 Tactical Ideas list, highlighting the strategic benefits of its recent HG acquisition, which adds $10 per share to NAV [1] - Wells Fargo reiterated its Buy rating on Plains All American (PAA) with a price target of $49, suggesting a 55.5% upside from current levels [2] - Seibert Williams Shank and Co. maintained a Buy rating on PAA with a higher price target of $50, representing an upside of 58.7% [3]

Group 1 - Range Resources Corporation (NYSE:RRC) is identified as one of the 10 cheapest oil and gas stocks to invest in [1] - Barclays maintains a Hold rating on RRC with a price target of $44, indicating a 31.3% upside from current levels, which is higher than the median Wall Street analysts' upside of 25.71% [1] - Roth MKM also reiterates a Hold rating with a lower price target of $36, which is the lowest among Wall Street ratings [1] Group 2 - On December 31, 2025, Range Resources announced plans to redeem the entire $600 million outstanding balance of its 8.25% senior notes due 2029, scheduled for January 15, 2026 [2] - The redemption will be financed through the existing revolving credit facility, allowing the company to retire higher-cost debt and reshape its capital structure [2] Group 3 - Range Resources is an independent company involved in the development, acquisition, and exploration of natural gas and oil properties, primarily in the Appalachian region [3]

Core Viewpoint - Antero Resources Corporation (NYSE:AR) is considered a cheap stock with potential upside, despite mixed analyst ratings and price targets from different financial institutions [1][2][3]. Group 1: Analyst Ratings and Price Targets - J.P. Morgan downgraded Antero Resources to a 'Hold' rating with a price target of $39, indicating a potential upside of approximately 15% from its current price [1]. - UBS raised its price target for Antero Resources from $40 to $46 while maintaining a 'Buy' rating, suggesting a positive outlook for the energy sector in 2026 driven by favorable oil and natural gas forecasts [2]. - Wells Fargo increased its price target for Antero Resources to $49 from $39, reiterating an 'Overweight' rating, which indicates a potential upside of 35.06% compared to the consensus 1-year median price target of $46 [3]. Group 2: Company Overview and Operations - Antero Resources is a Colorado-based independent oil and natural gas company that provides natural gas, natural gas liquids (NGLs), and oil properties, incorporated in 2002 [4]. - The company operates through three segments: Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream [5].

2026 Budget & Guidance - Development capital expenditures are budgeted between $180 million and $190 million[10] - The company forecasts average production between 39,000 and 41,000 barrels of oil equivalent per day (boe/d)[10] - Oil and liquids are expected to comprise approximately 81% of the production mix[10] - Adjusted Funds Flow (AFF) is projected to be between $325 million and $375 million, or $1.75 to $2.00 per share[10] - Free Funds Flow (FFF) is forecasted between $120 million and $170 million, or $0.65 to $0.95 per share, resulting in a free funds flow yield of 25% to 35%[10] - Net debt at the end of 2026 is estimated to be between $645 million and $695 million, with a net debt to adjusted EBITDA ratio of 1.4x to 1.7x[10] Sensitivity Analysis - A $5.00 change in WTI oil price is expected to impact AFF by approximately $50 million[13] - A 1,000 barrel per day change in oil production is projected to impact AFF by approximately $25 million[13] - A $0.01 change in the CAD/USD exchange rate is expected to impact AFF by approximately $8 million[13] - A $0.50 change in AECO gas price is projected to impact AFF by approximately $3 million[13] Development Program Highlights - Approximately 33% of the 2026 development capital is allocated to Open Hole Multi-Lateral (OHML) locations in Southeast Saskatchewan (SE SK)[9, 15] - The company plans for 32 OHML locations in 2026 and has identified over 300 OHML locations in SE SK[15] - The company plans for 23 conventional wells[19]