Range Resources delivered strong third-quarter results, maintaining production levels while executing on its strategic growth initiatives, resulting in robust free cash flow and efficient capital deployment.
- Achieved production of 2.2 Bcf equivalent per day, with plans to increase to 2.3 Bcf per day in Q4 and targeting 2.6 Bcf per day by 2027.
- Year-to-date capital expenditures of $491 million align with revised full-year guidance of $650-$680 million.
- Maintained low cash operating expenses at $0.11 per Mcfe, reflecting operational efficiencies and effective multi-project scheduling.
- Record U.S. LNG exports and increasing in-basin gas demand indicate strong market fundamentals, enhancing future growth prospects.
- Continued focus on strategic partnerships and infrastructure development positions Range favorably for long-term supply agreements in a growing market.
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