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 (RRC) is a leading independent oil and natural gas producer based in Fort Worth, Texas. Specializing in stacked-pay projects, the company's operations are primarily focused in the prolific Marcellus Shale in Pennsylvania, as well as in Northern Louisiana. With a robust portfolio, Range Resources had proven reserves totaling 18.1 trillion cubic feet equivalent at the end of 2023, and a net production rate of 2.14 billion cubic feet equivalent per day, with natural gas making up 69% of this production.
Recent Achievements and Current Projects:
- Range has stayed within its original 2023 capital guidance, thanks to faster drilling and completion times, which allowed five wells planned for early 2024 to be turned to sales in late 2023.
- The company has issued detailed 2024 capital and production guidance to maintain current production levels, aiming to turn approximately 650,000 lateral feet to sales each year.
- Range has updated its full-year 2023 and 2024 financial and operational guidance, reflecting adjustments in price differentials based on recent market conditions.
The company's financial condition remains strong as it continues to navigate the complexities of the energy market. Range Resources frequently engages with investors and stakeholders, providing regular updates through conference calls and webcasts. Their commitment to transparency and operational efficiency makes them a noteworthy player in the oil and natural gas sector. For more information, visit www.rangeresources.com.
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Range Resources (RRC) announced its first quarter 2024 financial results, highlighting cash flow of $332 million, capital spending of $170 million, and reduced net debt below $1.5 billion. The company reported GAAP revenues of $645 million, non-GAAP revenues of $718 million, and adjusted net income of $167 million. Range's production averaged 2.14 Bcfe per day, with strong NGL realizations and cost efficiencies. The company repurchased senior notes and maintains a strong financial position for future growth.
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Range Resources (RRC) will release its first quarter 2024 financial results on April 23, followed by a conference call on April 24. RRC is a prominent U.S. natural gas and NGL producer based in Fort Worth, Texas.
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Range Resources Corporation (RRC) declared a quarterly cash dividend of $0.08 per common share for the first quarter of 2024. The dividend will be paid on March 29, 2024, to stockholders of record as of March 15, 2024. Range Resources is a prominent U.S. independent natural gas and NGL producer operating in the Appalachian Basin.
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Range Resources Corporation (RRC) announced its strong financial results for Q4 2023, including cash flow of $978 million, reduced net debt by $292 million, and plans for 2024. The company's CEO highlighted operational efficiency, debt reduction, and shareholder returns. Range's 2024 capital budget is $620-670 million, targeting flat production at 2.12-2.16 Bcfe per day.
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Range Resources Corporation (RRC) announced fourth quarter 2023 production and pricing expectations, including daily natural gas, NGL, and oil production figures. The company also reported contingent derivative settlement gains of $8.0 million related to the North Louisiana divestiture. Range Resources Corporation is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin.
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Range Resources Corporation (RRC) announced year-end 2023 proved reserves of 18.1 Tcfe and SEC PV10 of $7.9 billion. The reserves include 64.1% natural gas, 34.5% natural gas liquids, and 1.4% crude oil and condensate. Positive performance revisions of 611 Bcfe were realized, with a PV10 of $11.7 billion using December 31, 2023 strip prices. Range has approximately 25 million lateral feet of undeveloped high-quality Marcellus inventory and a competitive full-cycle cost structure. The Company believes it is well-positioned to drive sustainable, long-term value and capital returns to shareholders.
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Range Resources Corporation (RRC) announced the release of its fourth quarter 2023 financial results on February 21, with a conference call scheduled for February 22. The company is a prominent U.S. independent natural gas and NGL producer, with operations concentrated in the Appalachian Basin.
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Range Resources Corporation (NYSE: RRC) declares a quarterly cash dividend of $0.08 per common share for the fourth quarter, payable on December 29, 2023. The company is a leading U.S. independent natural gas and NGL producer with operations in the Appalachian Basin.
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WhiteHawk Energy, LLC (NYSE: WHK) acquires additional Marcellus Shale natural gas mineral and royalty assets for $54.0 million, doubling its mineral and royalty ownership in existing 475,000 gross acre position. The acquisition enhances WhiteHawk's Marcellus Shale assets by 100%, focusing on Washington and Greene counties, Pennsylvania. The assets are operated by top companies generating significant cash flow with no additional capital expenditures.
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Range Resources Corporation (NYSE: RRC) announced its Q3 2023 financial results. Cash flow from operating activities was $150 million, while capital spending was $151 million. Production averaged 2.12 Bcfe per day, with natural gas price realizations at $3.09 per mcfe. The CEO highlighted the resilience of Range's business and the company's focus on efficiently developing Marcellus assets.
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FAQ
What is the current stock price of Range Resources (RRC)?
The current stock price of Range Resources (RRC) is $37.04 as of January 31, 2025.
What is the market cap of Range Resources (RRC)?
The market cap of Range Resources (RRC) is approximately 9.0B.
What is Range Resources Corporation?
Range Resources Corporation is a leading independent oil and natural gas producer based in Fort Worth, Texas, focusing on stacked-pay projects in the Appalachia Basin and Northern Louisiana.
Where does Range Resources operate?
Range Resources primarily operates in the Marcellus Shale in Pennsylvania and Northern Louisiana.
What were Range Resources' proven reserves and production rates at the end of 2023?
At the end of 2023, Range Resources had proven reserves totaling 18.1 trillion cubic feet equivalent and a net production rate of 2.14 billion cubic feet equivalent per day.
How much of Range Resources' production is natural gas?
Natural gas accounts for 69% of Range Resources' production.
What recent achievements has Range Resources accomplished?
Range Resources has turned five wells planned for early 2024 to sales in late 2023 due to improved drilling and completion times, maintaining its 2023 capital guidance.
What guidance has Range Resources provided for 2024?
Range Resources has issued 2024 capital and production guidance, aiming to turn approximately 650,000 lateral feet to sales each year.
How does Range Resources engage with its investors?
Range Resources engages with its investors through regular updates, conference calls, and webcasts, making information accessible via their official website.
Where can I find more information about Range Resources?
More information about Range Resources is available on their official website at www.rangeresources.com.
What is the focus of Range Resources' operations?
Range Resources focuses on stacked-pay projects in the Appalachia Basin and Northern Louisiana, with an emphasis on the Marcellus Shale in Pennsylvania.
What is the company's financial outlook for the future?
Range Resources has updated its financial and operational guidance for 2023 and 2024, reflecting adjustments in price differentials based on recent market conditions.
Range Resources Corp
NYSE:RRC
RRC Rankings
RRC Stock Data
8.95B
234.07M
2.55%
96.97%
6.07%
Oil & Gas E&P
Crude Petroleum & Natural Gas
United States of America
FT WORTH