Range Resources Corporation Q1 2026 Earnings Recap

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.