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 reports recurring developments tied to its Appalachian Basin natural gas and NGL production business. Company news commonly covers quarterly operating and financial results, production mix, capital spending, realized commodity prices, basis and hedging impacts, NGL realizations, and marketing arrangements for U.S. and international demand.
Range Resources updates also address shareholder-return actions such as dividends and common-stock repurchases, debt reduction, reserve and guidance commentary, and board or governance matters. The company is an independent U.S. exploration and production company whose common stock trades on the New York Stock Exchange under the symbol RRC.
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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.