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 (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.
Range Resources (NYSE: RRC) has published its 2023-2024 Corporate Sustainability Report, highlighting significant progress in environmental stewardship, community impact, safety leadership, and responsible governance. Key achievements include:
- 67% reduction in methane emissions intensity since 2019
- Exceeded goal of reducing GHG emission intensity by 15% relative to 2019 levels
- Recycled approximately 100% of 11.2 million barrels of flowback and produced water
- Received an 'A' grade rating from MiQ for Southwest Pennsylvania operations
- Invested $985,000 in communities, including $159,500 to first responders
- Achieved 0.00 Total Recordable Incident Rate (TRIR) and 0.00 Days Away, Restricted, or Transferred (DART) rate
- Earned a 'AAA' ESG Rating from MSCI
Range remains committed to merging long-term economic objectives with environmental and social responsibility, positioning itself as a low-cost, resilient producer with a competitive emissions profile.
Range Resources (NYSE: RRC) announced it will release its second quarter 2024 financial results on July 23, 2024, after the market closes. The company will also hold a conference call to discuss the results on July 24, 2024, at 9:00 a.m. ET. The call can be accessed via webcast on the company's website, which will remain available for replay until August 24, 2024. Range Resources is a major U.S. independent producer of natural gas and NGLs, with operations primarily in the Appalachian Basin. The company is based in Fort Worth, Texas.
On May 31, 2024, Range Resources (NYSE: RRC) announced a quarterly cash dividend of $0.08 per common share for the second quarter. The dividend will be payable on June 28, 2024, to shareholders of record as of June 14, 2024. Range Resources, headquartered in Fort Worth, Texas, is a prominent independent natural gas and NGL producer operating mainly in the Appalachian Basin.
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