Range Resources Corporation Earnings Recaps
Q2 2026
Jul 25, 2026
Shares rose 3.0% as operational efficiencies and premium NGL pricing exceeded expectations, supporting improved full-year commodity guidance.
Key takeaways
- Production reached 2.3 BCF equivalent per day, with anticipated growth to 2.5 BCF by year-end, consistent with previous guidance.
- Operational metrics set new records, including 1,900 frac stages completed in the quarter and drilling rates above 10,500 feet in 24 hours, highlighting cost efficiencies.
- Marketing benefits from strong LNG and NGL export growth, with ethane exports up 40% year-over-year and propane/butane exports increasing 30% year-over-year.
- NGL premium improved to $3.49 per barrel over Mont Belvieu in Q2, leading to raised full-year NGL premium guidance to $2.50 per barrel.
- Full-year natural gas price guidance upgraded to $0.35-$0.40 per Mcf over Henry Hub, reflecting a robust pricing environment.
Q1 2026
Apr 22, 2026
Range Resources delivered a robust first quarter with strong free cash flow generation, supported by favorable pricing in natural gas and NGL markets, while maintaining operational excellence and disciplined capital management.
Key takeaways
- Generated approximately $400 million in free cash flow, enabling dividend increases, share buybacks, and strengthening the balance sheet.
- Achieved record drilling efficiency, including over 143,000 lateral feet drilled per rig and unprecedented completion stage productivity.
- Production averaged 2.2 Bcf/d, with expected to rise to 2.5 Bcf/d by year-end across a capital-efficient development plan.
- Overall capital expenditure remained disciplined at $139 million in Q1, with increased activity expected in Q2 as infrastructure projects come online.
- Favorable export dynamics and supply disruptions drove natural gas and NGL prices higher, underpinning outlook for increased international demand and improved pricing environment through 2026.
Q3 2025
Oct 30, 2025
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.
Key takeaways
- 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.