Range Resources Corporation
- Open
- 36.44
- Day high
- 36.89
- Day low
- 36.37
- Prev close
- 36.76
- Volume
- 3.0M
- Mkt cap
- $8.6B
- P/E (TTM)
- 9.7
- EPS (TTM)
- $3.80
- P/B
- 1.9
- P/S
- 2.7
- Yield
- 1.04%
- Per share
- $0.38
Range Resources Corporation (RRC) is a Energy company listed on NYSE. The stock is up 4% over the past year.
Range Resources Corporation (RRC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RRC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $1.33 | $1.52 | +14.3% | $1.0B | +11.8% |
| Feb 25, 2026 | $0.68 | $0.82 | +20.6% | $4.7B | +421.9% |
| Jul 22, 2025 | $0.61 | $0.66 | +8.2% | $700M | -1.6% |
| Apr 22, 2025 | $0.92 | $0.96 | +4.8% | $846M | +6.3% |
| Feb 25, 2025 | $0.55 | $0.68 | +23.6% | $667M | -1.4% |
| Oct 22, 2024 | $0.35 | $0.48 | +37.1% | $568M | -18.3% |
| Jul 23, 2024 | $0.42 | $0.46 | +9.9% | $513M | -16.0% |
| Feb 21, 2024 | $0.46 | $0.63 | +37.0% | $650M | -3.2% |
| Jul 24, 2023 | $0.21 | $0.30 | +42.9% | $513M | -8.7% |
| Feb 27, 2023 | $1.12 | $1.30 | +16.1% | $1.2B | +26.5% |
| Jul 25, 2022 | $1.26 | $1.27 | +0.8% | $1.5B | +54.7% |
| Feb 22, 2022 | $0.98 | $0.96 | -2.0% | $1.3B | +43.7% |
RRC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 15, 2026 | Griffie Charles G.director | Grant | 4,967 | $41.27 |
| May 15, 2026 | Maxwell Greg Gdirector | Grant | 6,784 | $41.27 |
| May 15, 2026 | DORMAN MARGARET Kdirector | Grant | 4,967 | $41.27 |
| May 15, 2026 | Cline Brenda Adirector | Grant | 4,967 | $41.27 |
| May 15, 2026 | Spiller Reginaldirector | Grant | 4,967 | $41.27 |
| May 15, 2026 | Kendall Christian Sdirector | Grant | 4,967 | $41.27 |
| Apr 9, 2026 | Cline Brenda Adirector | Sell | 7,000 | $44.40 |
| Mar 31, 2026 | Scucchi Markofficer: EVP & CFO | Grant | 50,563 | $47.65 |
| Mar 31, 2026 | Degner Dennisofficer: Chief Executive Officer & Pres | Grant | 76,334 | $47.65 |
| Mar 31, 2026 | Degner Dennisofficer: Chief Executive Officer & Pres | Sell | 15,000 | $46.21 |
| Mar 31, 2026 | McDowell Erin Wofficer: SVP & General Counsel | Sell | 8,250 | $48.00 |
| Mar 19, 2026 | DORMAN MARGARET Kdirector | Sell | 2,680 | $43.24 |
| Mar 19, 2026 | DORMAN MARGARET Kdirector | Sell | 9,820 | $43.42 |
| Mar 17, 2026 | McDowell Erin Wofficer: SVP & General Counsel | Tax | 10,295 | $43.51 |
| Mar 17, 2026 | Degner Dennisofficer: Chief Executive Officer & Pres | Tax | 25,656 | $43.51 |
Source: RRC SEC Form 4 filings, latest May 15, 2026. For informational purposes only — not investment advice.
See the full RRC insider & 13F page →Range Resources Corporation company profile
Overview
Range Resources Corporation (NYSE:RRC) is an independent oil and natural gas exploration and production company founded in 1976 and headquartered in Fort Worth, Texas. Originally known as Lomak Petroleum, Inc., the company changed its name to Range Resources Corporation in 1998 and went public in 1980. Range Resources has evolved into a leading operator in the Appalachian Basin, particularly the Marcellus Shale formation in Pennsylvania, where it has been a pioneer since drilling its first commercial Marcellus well in 2004. The company operates approximately 1,350 net producing wells across roughly 794,000 net acres under lease in the northeastern United States, focusing on the extraction of natural gas, natural gas liquids (NGLs), and oil through advanced horizontal drilling and hydraulic fracturing techniques.
Business
Range Resources operates in the upstream oil and gas industry, which involves the exploration, development, and production of hydrocarbons from underground reservoirs. The company's core business centers on unconventional shale gas production, primarily from the Marcellus Shale formation in the Appalachian Basin of Pennsylvania. The company's operations involve several key processes: First, it identifies and leases mineral rights on properties with potential hydrocarbon reserves. Then, it uses advanced horizontal drilling techniques to access shale formations that extend laterally underground, often drilling wells with horizontal sections exceeding 14,000 feet in length. The company then employs hydraulic fracturing (fracking), which involves injecting water, sand, and chemicals at high pressure to create fractures in the rock formation, allowing trapped oil and gas to flow to the surface. Range Resources produces three main products from its operations: 1. Natural gas represents approximately 70% of production volume. Natural gas is a clean-burning fossil fuel used for electricity generation, heating, and industrial processes. The company produces around 2.2 billion cubic feet equivalent (Bcfe) per day. 2. Natural gas liquids (NGLs) comprise about 30% of production and include ethane, propane, butane, and natural gasoline. These are valuable petrochemical feedstocks used to manufacture plastics, chemicals, and other products. NGLs command premium pricing compared to natural gas. 3. Oil and condensate represent a smaller portion of total production but provide additional revenue streams. The company's strategic focus on the Marcellus Shale has proven advantageous due to the formation's low decline rates, extensive acreage position, and proximity to major population centers and export facilities along the East Coast.
Revenue model
Range Resources generates revenue through the direct sale of produced hydrocarbons to various end customers. The company operates under a traditional upstream oil and gas business model where it sells natural gas to utilities, marketing companies, midstream operators, and industrial users. NGLs are sold to petrochemical end users, marketers, traders, and natural gas processors, while oil and condensate are sold to crude oil processors, transporters, and refining companies. The company's revenue is directly tied to commodity prices and production volumes. For 2024, Range Resources generated $2.35 billion in revenue from approximately 2.18 Bcfe per day of production. The company benefits from premium pricing for its NGLs, achieving premiums of over $4 per barrel above benchmark Mont Belvieu pricing due to export demand and market dynamics. Several factors influence Range Resources' profitability margins: Positive margin drivers include strong export demand for natural gas and NGLs, particularly from international markets seeking cleaner energy sources. The company's low-cost structure, with lease operating expenses of just $0.13 per thousand cubic feet equivalent (Mcfe), provides competitive advantages. Additionally, Range Resources benefits from existing infrastructure investments that reduce per-unit transportation costs and its strategic location near major pipeline networks and export facilities. Margin pressures come from commodity price volatility, particularly natural gas prices which can fluctuate significantly based on weather patterns, storage levels, and supply-demand dynamics. Service cost inflation affects drilling and completion expenses, though the company has demonstrated ability to manage these through operational efficiencies. Pipeline capacity constraints can limit the company's ability to transport products to premium markets, though Range Resources has secured additional transport capacity to mitigate this risk. The company maintains a low reinvestment rate of approximately 50% at $3.75 natural gas prices, meaning it can generate substantial free cash flow even at moderate commodity prices. This capital-efficient model allows Range Resources to return significant cash to shareholders through dividends and share repurchases while maintaining financial flexibility.
Competitive moat
Range Resources possesses a moderate competitive moat built primarily around its strategic asset base and operational expertise, though the company operates in a commodity-driven industry with inherent cyclical challenges. The company's primary competitive advantages include its extensive high-quality acreage position in the core Marcellus Shale region, representing over 30 years of drilling inventory at current activity levels. This provides long-term production visibility and development optionality that competitors cannot easily replicate. Range Resources has also developed operational expertise and infrastructure advantages through two decades of Marcellus development, including established gathering systems, processing relationships, and transportation agreements that reduce per-unit costs. The company benefits from geographic advantages, with its Appalachian Basin assets located near major population centers and export facilities, providing access to premium markets and reducing transportation costs compared to more remote shale plays. Range Resources has also achieved technical proficiency in horizontal drilling and completion techniques, consistently achieving drilling records and maintaining 98% precision in geosteered landing targets. However, the company's moat faces several challenges. The commodity nature of natural gas limits pricing power, making Range Resources a price-taker subject to market volatility. Technological advancement in drilling and completion techniques can be replicated by competitors, potentially eroding operational advantages over time. Regulatory and environmental pressures surrounding hydraulic fracturing and natural gas production create ongoing operational and political risks. Competitive threats include other large-scale shale operators with significant capital resources, potential supply growth from other basins that could pressure regional pricing, and longer-term risks from renewable energy adoption and electrification trends that may reduce natural gas demand. Additionally, midstream capacity constraints could limit the company's ability to access premium markets if not properly managed. Overall, Range Resources maintains a defensible but not impregnable competitive position, with its success largely dependent on operational execution, commodity price cycles, and effective capital allocation.
Risks & safety
Range Resources demonstrates moderate financial safety with manageable debt levels and consistent cash generation, though commodity price sensitivity creates inherent volatility. **Liquidity and Solvency:** - Cash position: $345 million as of Q1 2025 - Net debt: Approximately $1.4 billion (reduced by $42 million in Q1 2025) - Debt-to-equity ratio: 0.46x, within management's target range - Current ratio: 0.56x indicates working capital management focus - No immediate refinancing needs with debt maturities well-laddered **Cash Flow Stability:** - Free cash flow: $172 million in Q1 2025, $318 million for full year 2024 - Operating cash flow: $330 million in Q1 2025 - Low reinvestment rate (~50% at $3.75 gas) provides downside protection - Minimal capital requirements to maintain current production levels **Valuation Metrics:** - P/E ratio: 24.7x based on recent earnings - EV/EBITDA: 11.8x on trailing twelve months - Price-to-book: 2.4x - Trading near middle of historical valuation range **Other Considerations:** - Commodity price exposure creates earnings volatility - Hedging program covers 15-25% of production, providing limited downside protection - Strong operational efficiency provides cost structure advantages - Mature asset base with low decline rates reduces capital intensity requirements
Recent development
Over the past several years, Range Resources has undergone a significant strategic transformation focused on capital discipline, operational efficiency, and shareholder returns rather than growth-at-any-cost. The company has evolved from a growth-oriented operator to a free cash flow generation machine with a maintenance-level production strategy. **Operational Excellence Initiatives:** Range Resources has achieved remarkable efficiency gains through technological advancement and operational optimization. The company has extended average lateral lengths to over 14,000 feet, implemented electric hydraulic fracturing fleets, and achieved drilling rates of nearly 6,000 feet per day. These improvements have driven down per-unit costs while maintaining production levels with minimal capital investment. **Capital Allocation Evolution:** The company has fundamentally shifted its capital allocation philosophy, prioritizing debt reduction and shareholder returns over production growth. Since 2022, Range Resources has reduced net debt by over $460 million, initiated a regular dividend program, and returned hundreds of millions to shareholders through share repurchases. The company maintains a target debt range of $1-1.5 billion and has achieved leverage ratios below 1.0x debt-to-EBITDA. **Strategic Positioning for Demand Growth:** Rather than pursuing immediate production growth, Range Resources has positioned itself to capitalize on emerging demand opportunities. The company is actively engaged in discussions regarding data center power generation, industrial demand, and LNG export growth. Management has secured additional transportation and processing capacity to support potential modest production increases to 2.6 Bcfe per day by 2027, representing a measured approach to growth. **Market Diversification:** The company has enhanced its NGL marketing capabilities, achieving record premium pricing through export market access and optimization of its liquids-rich production stream. NGLs now represent approximately 30% of production volumes and command significant premiums over benchmark pricing due to international demand dynamics.
RRC company profile · for informational purposes only — not investment advice.
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