Range Resources Stock Price, News & Analysis

Range Resources (NYSE: RRC) has announced the appointment of Christian S. (Chris) Kendall to its Board of Directors, effective February 27, 2025. Kendall brings over 30 years of oil and gas industry experience, most recently serving as director, President, and CEO of Denbury Inc. until its acquisition by Exxon Mobil in November 2023.

Kendall's expertise includes previous roles as Senior Vice President of Global Operations Services at Noble Energy, where he held various international and domestic leadership positions during his 14-year tenure. His career began at Mobil in 1989. He holds a Bachelor of Science in Engineering from the Colorado School of Mines and completed Harvard Business School's Advanced Management Program.

As a board member, Kendall will serve on Range's Governance and Nominating and ESG and Safety Committees. He currently serves as a director at NOV Inc. and California Resources , including its subsidiary, Carbon TerraVault.

Range Resources (RRC) reported its Q4 2024 financial results and three-year outlook. Full-year 2024 highlights include $945 million in operating cash flow, debt reduction of $172 million, and average production of 2.18 Bcfe per day. The company achieved a debt to EBITDAX ratio of 1.2x and expects Net Zero Scope 1 and 2 GHG emissions for 2024.

For 2025, Range plans a capital budget of $650-690 million with targeted production of 2.2 Bcfe per day. The three-year outlook targets 2027 daily production of 2.6 Bcfe, representing a 400 Mmcfe per day increase from 2024 levels.

In Q4 2024, Range reported GAAP revenues of $626 million, net income of $95 million ($0.39 per share), and operating cash flow of $218 million. The company secured additional transportation and processing capacity for 2026, including 300 Mmcf per day of processing capacity and 20,000 bbl per day of NGL export capacity.

Range Resources (NYSE: RRC) has announced the schedule for its fourth quarter 2024 financial results release and conference call. The company will publish its financial results on Tuesday, February 25, 2024, after the New York Stock Exchange closes. A conference call to discuss these results is scheduled for Wednesday, February 26, at 9:00 a.m. ET (8:00 a.m. CT).

Investors can access a webcast of the call on www.rangeresources.com, which will remain available for replay until March 26, 2025. Range Resources is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin, headquartered in Fort Worth, Texas.

Range Resources (NYSE: RRC) has announced a quarterly cash dividend declaration by its Board of Directors for the fourth quarter. Shareholders will receive $0.08 per common share, payable on December 27, 2024. The dividend will be distributed to stockholders of record as of the close of business on December 13, 2024. Range Resources is a leading U.S. independent natural gas and NGL producer operating in the Appalachian Basin.

Range Resources (NYSE: RRC) announced its third quarter 2024 financial results. Key highlights include:

- Cash flow from operating activities: $246 million
- Capital spending: $156 million (24% of 2024 budget)
- Production averaged 2.20 Bcfe per day (68% natural gas)
- Repurchased 800,000 shares at an average of $30.10 per share

Financial results:
- GAAP revenues: $615 million
- GAAP net income: $51 million ($0.21 per diluted share)
- Non-GAAP revenues: $680 million
- Adjusted net income: $117 million ($0.48 per diluted share)

Range updated its 2024 guidance:
- Capital budget: $645-670 million
- Annual production: ~2.17 Bcfe per day
- Natural gas price differential: NYMEX minus $0.39 to $0.40
- NGL price differential: Mont Belvieu plus $2.10 to $2.35 per barrel

Range Resources (NYSE: RRC) has announced the schedule for its third quarter 2024 financial results release and conference call. The company will issue its financial results news release on Tuesday, October 22 after the New York Stock Exchange closes. A conference call to discuss these results is set for Wednesday, October 23 at 9:00 a.m. ET (8:00 a.m. CT).

Investors can access a webcast of the call on the company's website, www.rangeresources.com. The webcast will be available for replay until November 22, 2024. Range Resources is a leading U.S. independent natural gas and NGL producer, focusing its operations in the Appalachian Basin. The company is headquartered in Fort Worth, Texas.

Range Resources (NYSE: RRC), a leading U.S. independent natural gas and NGL producer, has declared a quarterly cash dividend of $0.08 per common share for the third quarter. The dividend is payable on September 27, 2024 to stockholders of record at the close of business on September 13, 2024. Range Resources operates primarily in the Appalachian Basin and is headquartered in Fort Worth, Texas. This dividend announcement demonstrates the company's commitment to returning value to shareholders and may indicate confidence in its financial stability.

Range Resources (NYSE: RRC) has announced the retirement of Steve Gray from its Board of Directors, effective October 1, 2024. Gray, who joined the board in 2018, has been praised for his contributions to making Range a more resilient and efficient Marcellus operator. Chairman Greg Maxwell expressed gratitude for Gray's service, highlighting his role in helping the company generate free cash flow and returns of capital through price cycles.

Gray reflected on his tenure, noting Range's successful navigation through challenging times, including volatile commodity prices and the pandemic. He emphasized the company's improved balance sheet, consistent high performance, and capital returns to shareholders. Gray stated that Range is now in its best shape historically, with an inventory of de-risked, high-quality wells capable of delivering significant shareholder value for decades.

Range Resources (NYSE: RRC) reported its Q2 2024 financial results, highlighting cash flow from operating activities of $149 million and capital spending of $175 million, about 27% of the 2024 budget. Production averaged 2.15 Bcfe per day, with 69% natural gas. The company repurchased ~$48 million face value of 2025 senior notes at a discount and 600,000 shares at an average of $33.42 per share.

GAAP revenues totaled $530 million, with net income of $29 million ($0.12 per diluted share). Non-GAAP revenues were $641 million. Range's pre-hedge NGL price was $24.35 per barrel, $1.26 above Mont Belvieu equivalent. The company improved its full-year NGL price guidance to Mont Belvieu equivalent plus $0.75 to $1.50 per barrel.

Range is targeting a maintenance production program for 2024, expecting approximately flat production at 2.12 – 2.16 Bcfe per day, with over 30% attributed to liquids production.