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Derivative losses weigh on Range Resources (NYSE: RRC) in Q1 2026

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Range Resources Corporation provided an early look at its Q1 2026 hedging results. For the three months ended March 31, 2026, the company expects to report a total loss on derivatives of $33.4 million, reflecting mark-to-market impacts on its hedge portfolio.

Range also expects to report total net cash payments on derivative settlements of $49,295 thousand, mainly from natural gas derivatives, on its statement of cash flows. All figures are described as preliminary and may change when the full quarterly report and earnings release are issued.

Positive

  • None.

Negative

  • None.

Insights

Range signals a Q1 2026 derivative loss and sizable hedge cash outflows, but only on a preliminary basis.

Range Resources highlights hedging impacts ahead of full Q1 results. It expects a $33.4 million total loss on derivatives, which is a non‑cash mark-to-market measure that flows through earnings and can add volatility to reported net income for the period.

On a cash basis, Range anticipates net cash payments on derivative settlements of $49,295 thousand for the quarter, primarily from natural gas hedges. These payments reduce operating cash flow in Q1 2026 but also reflect the cost of price protection. Actual significance will be clearer once the complete Form 10‑Q and earnings release are available.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Total loss on derivatives $33.4 million For the three months ended March 31, 2026
Total net cash payment on derivative settlements $49,295 thousand For the three months ended March 31, 2026
Natural gas derivative cash payments $41,448 thousand Net cash payment on derivative settlements, Q1 2026
Natural gas basis derivative cash payments $4,221 thousand Net cash payment on derivative settlements, Q1 2026
Oil derivative cash payments $3,626 thousand Net cash payment on derivative settlements, Q1 2026
total loss on derivatives financial
"Range Resources Corporation ("Range") expects to report a total loss on derivatives of $33.4 million"
net cash payment on derivative settlements financial
"Net cash payment on derivative settlements: Natural gas derivatives ... Total net cash payment (a)"
statement of cash flows financial
"As expected to be reported on the statement of cash flows."
preliminary and subject to change regulatory
"The dollar amounts included in this are preliminary and subject to change."
Results of Operations and Financial Condition regulatory
"ITEM 2.02. Results of Operations and Financial Condition."
Total loss on derivatives $33.4 million
Total net cash payment on derivative settlements $49,295 thousand
0000315852false00003158522026-04-142026-04-14

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 14, 2026

RANGE RESOURCES CORPORATION

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-12209

34-1312571

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

 

 

100 Throckmorton Street, Suite 1200

Fort Worth, Texas

76102

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (817) 870-2601

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock, $0.01 par value

RRC

 

New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 


 

ITEM 2.02. Results of Operations and Financial Condition.

 

Range Resources Corporation ("Range") expects to report a total loss on derivatives of $33.4 million for the three months ended March 31, 2026.

In addition, for the three months ended March 31, 2026, Range expects to report net cash settlements received as shown below (in thousands):

 

 

Three Months Ended

March 31, 2026

 

Net cash payment on derivative settlements:

 

 

 

Natural gas derivatives

$

(41,448

)

Natural gas basis derivatives

 

(4,221

)

Oil derivatives

 

(3,626

)

Total net cash payment (a)

$

(49,295

)

(a)
As expected to be reported on the statement of cash flows.

The dollar amounts included in this current report are preliminary and subject to change. Final dollar amounts for the three months ended March 31, 2026 will be reported in our Quarterly Report on Form 10-Q for the period ended March 31, 2026 or in the corresponding earnings release.

The information contained in this current report shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.

2


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

RANGE RESOURCES CORPORATION

 

 

 

 

By:

/s/ MARK S. SCUCCHI

 

Mark S. Scucchi

 

Executive Vice President — Chief Financial Officer

 

 

Date: April 14, 2026

 

 

 

3


FAQ

What derivative results did Range Resources (RRC) pre-release for Q1 2026?

Range Resources expects a $33.4 million total loss on derivatives for Q1 2026. It also anticipates $49,295 thousand in net cash payments on derivative settlements, mainly from natural gas hedges, with all figures labeled as preliminary until the full quarterly report is filed.

How much net cash did Range Resources (RRC) pay on hedge settlements in Q1 2026?

Range Resources expects net cash payments of $49,295 thousand on derivative settlements in Q1 2026. This total includes payments on natural gas, natural gas basis, and oil derivatives and will appear on the statement of cash flows once full quarterly results are reported.

How are Range Resources’ Q1 2026 hedge results split by commodity?

Range Resources reports Q1 2026 hedge cash payments across natural gas, basis, and oil derivatives. Expected payments are $41,448 thousand for natural gas derivatives, $4,221 thousand for natural gas basis derivatives, and $3,626 thousand for oil derivatives, adding up to $49,295 thousand in total net cash payments.

Are Range Resources’ Q1 2026 derivative figures final or preliminary?

The Q1 2026 derivative figures from Range Resources are preliminary. The company notes that dollar amounts, including the $33.4 million total loss on derivatives and related cash settlement data, are subject to change and will be finalized in its Form 10‑Q or corresponding earnings release.

Will Range Resources’ Q1 2026 derivative loss affect reported earnings?

The $33.4 million total loss on derivatives is expected to affect Q1 2026 earnings. This loss reflects mark-to-market movements on hedging contracts and will be recognized in the income statement once the company files its complete quarterly financial results.

Filing Exhibits & Attachments

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