Welcome to our dedicated page for Range Resources news (Ticker: RRC), a resource for investors and traders seeking the latest updates and insights on Range Resources stock.
Range Resources Corporation (NYSE: RRC) is a U.S. independent natural gas and natural gas liquids (NGL) producer with operations focused in the Appalachian Basin and headquarters in Fort Worth, Texas. The RRC news feed on Stock Titan aggregates company-issued updates and market-moving announcements so readers can review how Range communicates its operational and financial performance.
News items for Range commonly include quarterly financial results, where the company reports production volumes, realized prices for natural gas, NGLs and oil, unit costs, and non-GAAP measures such as cash flow from operations before changes in working capital and adjusted net income comparable to analysts’ estimates. These releases also provide details on capital spending, drilling and completion activity, and updated guidance for capital budgets, production and expense ranges.
Investors following RRC can also expect dividend announcements, as the board of directors has declared recurring quarterly cash dividends on the company’s common stock, as well as updates on share repurchase activity and debt management, including changes in senior notes and revolving credit facilities. Additional news may cover conference call schedules, webcasts for quarterly results, and collaborative initiatives related to natural gas supply and potential power or industrial developments in Pennsylvania.
By reviewing this curated news stream, readers can see how Range describes its hedging program, price differentials to benchmarks, and operational activity across its Appalachian Basin asset base. Bookmark this page to access a chronological view of RRC press releases and related announcements as they are referenced in public disclosures.
Range Resources Corporation (NYSE: RRC) announced cash tender offers to purchase up to $400 million of its outstanding senior and subordinated notes. The offers focus on various notes due in 2021, 2022, and 2023, with specific amounts and premium incentives outlined in an Offer to Purchase dated August 18, 2020. The tender offers are funded by proceeds from a proposed debt securities offering. The Early Tender Date is set for August 31, 2020, with a potential maximum tender cap for certain notes. The offers will expire on September 15, 2020, unless extended.
Range Resources Corporation (NYSE: RRC) announced a plan to offer $200 million of 9.250% senior notes due 2026 in a private placement. This follows the initial issuance of $550 million of similar notes in January 2020. The company is also initiating tender offers to purchase up to $400 million of its outstanding senior notes with proceeds from the new notes and bank credit facility borrowings. The new notes will not be registered under the Securities Act, targeting qualified institutional buyers and international purchasers.
Range Resources Corporation (NYSE: RRC) reported its Q2 2020 financial results, highlighting a GAAP revenue of $377 million and an adjusted earnings loss of $25 million ($0.10 per share). Well costs fell below $600 per lateral foot, the lowest in Appalachia. The company improved its cash unit costs by 14% year-over-year. Range signed a purchase agreement to sell its North Louisiana assets for $245 million, aiming to enhance capital efficiency. Production averaged 2,349 Mmcfe per day, with a significant focus on reducing debt and maintaining a strong balance sheet.
Range Resources Corporation (NYSE: RRC) will release its second quarter 2020 financial results on August 3, after market close. A conference call is set for August 4 at 9:00 a.m. ET, allowing stakeholders to review the results. The company leverages an organic development strategy focused on high-return, low-cost projects within its extensive drilling inventory in the Appalachian Basin. The webcast will be available for replay until September 4, 2020.
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