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.
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On April 24, 2023, Range Resources Corporation (NYSE: RRC) reported strong first-quarter financial results, highlighting robust operational performance. Key figures include cash flow from operating activities of $475 million and a net income of $481 million ($1.95 per diluted share). The company executed share repurchases totaling 400,000 shares at an average price of $24.16. Production averaged 2.14 Bcfe per day, approximately 70% of which was natural gas. Price realizations for natural gas reached $4.00 per mcfe, showing a $0.54 premium over NYMEX. For 2023, Range anticipates maintaining production levels while managing capital expenditures projected between $570 million and $615 million. The company is focused on maximizing efficiency and delivering long-term shareholder value.
Range Resources Corporation (NYSE: RRC) will release its first quarter 2023 financial results on April 24 after market close. The results will be discussed in a conference call scheduled for April 25 at 9:00 a.m. ET. Investors can access the call via a webcast on the company's website, which will remain available for replay until May 25, 2023. Range Resources is a premier independent producer of natural gas and NGL, with operations in the Appalachian Basin. Their financial performance will be closely monitored as it reflects the company's position in the energy sector.
Range Resources Corporation (NYSE: RRC) announced the retirement of CEO Jeff Ventura, effective June 2, 2023, after nearly 20 years with the company. Dennis Degner, currently the Executive VP and COO, will take over as President and CEO at the annual shareholder meeting on May 10, 2023. Degner, who has over 25 years in shale gas development, has played a key role in the company’s success in the Marcellus Shale. The Board has also promoted Mark S. Scucchi to Executive VP and CFO, recognizing his contributions to the company’s financial management. This leadership transition aims to sustain Range's strong performance and shareholder value.
Range Resources Corporation (NYSE: RRC) has declared a quarterly cash dividend of $0.08 per common share for the first quarter of 2023. This dividend is payable on March 31, 2023, to stockholders of record as of March 15, 2023. As a prominent independent producer of natural gas and NGL, Range operates mainly within the Appalachian Basin. The board's decision reflects a commitment to returning value to shareholders while indicating the company's stable financial position.
Range Resources Corporation (NYSE: RRC) reported its fourth quarter 2022 results, with a record $1.9 billion in cash flow and $1.5 billion returned to shareholders via share repurchases and debt reduction. Average production reached 2,121 Mmcfe per day, while the capital spending totaled $492 million. Proved reserves stood at 18.1 Tcfe, with future net cash flow estimated at $24.5 billion. The 2023 capital budget is set between $570 million to $615 million to maintain production levels. The company also enhanced its hedge positions for 2023 and 2024 to secure cash flows. CEO Jeff Ventura emphasized the company's strong financial position and plans for future growth.