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Company

RANGE RESOURCES CORP

Ticker
RRC
Sector
Industry
Report date
April 21, 2026
Valye AI Score

100

Very high visibility
Recent developments
Recent developments summary

Recent news highlights Range Resources' strong Q1 2026 financial performance with earnings and revenues exceeding expectations, profit increases, and continued operational execution.

Recent developments:
  • Range Resources reported Q1 2026 earnings and revenues that topped estimates, reflecting strong operational performance [N1].
  • The company’s Q1 2026 profit rose, indicating improved profitability [N2].
  • The Q4 2025 earnings transcript was published, providing detailed insights into recent financial results and strategy [N3].
  • Range Resources was included in an after-hours earnings report on April 21, 2026, alongside other major companies [N4].
  • Industry context includes surging LNG demand and peer company performance in the energy sector, relevant to Range Resources' market environment [N5][N6][N7][N8].
Overview

Range Resources Corp is an independent energy company engaged in exploration, development, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the Appalachian region of the United States, with a focus on Pennsylvania. The company operates as a single segment with a unified management team and measures financial performance on an enterprise-wide basis. Its business strategy centers on generating consistent cash flows through drilling projects and occasional acquisitions or divestitures, aiming to build stockholder value. The company manages commodity price volatility through disciplined capital investment, cost control, sales diversification, partial hedging, and operational efficiencies. Revenue and profitability are sensitive to commodity prices and production volumes. Range Resources uses the successful efforts method of accounting and recognizes revenue when control of product transfers to customers. The company maintains liquidity through cash, credit facilities, and capital markets, and has an active stock repurchase program and dividend policy. Environmental and legal risks are disclosed, including potential fines related to regulatory compliance. The company reported strong financial results for Q1 2026 and continues to invest in its asset base [S1][S2].

Executive summary

Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice. Range Resources Corp is an independent natural gas, NGLs, and oil company focused on the Appalachian region, primarily Pennsylvania. The company operates a single segment and aims to build stockholder value through returns-focused development of its natural gas, NGLs, and oil properties. It manages commodity price volatility through capital discipline, cost control, sales diversification, hedging, and operational efficiencies. For Q1 2026, Range Resources reported revenue of $1.034 billion and net income of $342 million, with EPS of approximately $1.45. The company maintains liquidity through cash, credit facilities, and capital markets, with a current ratio of 0.55 as of March 31, 2026. It has a stock repurchase program and pays dividends. Risks include commodity price volatility, environmental and legal claims, and operational uncertainties. Recent news highlights strong Q1 earnings and profit growth [N1][N2][S1][S2].

Scenarios for RRC

Bull case model:

Range Resources demonstrates strong operational execution with a 100% success rate in drilling 53 net wells in 2025 and generated $1.2 billion in operating cash flow that year. The company maintains a disciplined capital budget aligned with production growth and shareholder returns, including dividends and stock repurchases. Its focus on high-quality Appalachian assets and partial hedging of commodity prices supports revenue stability. Sustainability initiatives such as net zero scope 1 and 2 emissions and water recycling may enhance its environmental profile. Recent Q1 2026 earnings and revenues showed operational strength [N1][N2][S1].

Bear case model:

Range Resources faces risks from commodity price volatility, which significantly impacts revenues, profitability, and cash flow. Environmental and legal claims, including potential fines exceeding $250,000, pose financial and reputational risks. The company's liquidity ratios indicate a current ratio below 1, reflecting potential short-term liquidity constraints. Dependence on a limited number of customers and exposure to regulatory changes in the energy sector add to operational risks. Market and credit risks related to derivative contracts and fluctuations in production volumes also affect financial performance. These factors could challenge the company's ability to sustain growth and returns [S1][S2].

Moat:

Range Resources' moat is based on its focused asset base in the Appalachian region, particularly high-quality natural gas and NGLs properties in Pennsylvania, which benefit from established infrastructure and operational efficiencies. The company's disciplined capital investment approach, operational expertise, and partial hedging strategies help manage commodity price volatility. Its ability to generate consistent cash flows from internally developed reserves and occasional acquisitions supports financial flexibility. The company's environmental certifications and sustainability initiatives may also contribute to operational resilience. However, the energy sector's inherent commodity price volatility and regulatory risks present ongoing challenges to maintaining competitive advantage [S1].

Risks overview
Risks summary
The primary risks for Range Resources include commodity price volatility impacting financial performance, environmental and legal claims with potential financial penalties, and liquidity constraints indicated by a current ratio below 1.
Risks details:

• Commodity Price Volatility: Prices for natural gas, NGLs, and oil fluctuate widely, affecting revenues, profitability, cash flow, production volumes, and reserves valuation.
• Environmental and Legal Risks: The company is subject to pending or threatened legal actions including royalty, contract, and environmental claims, with potential fines exceeding $250,000.
• Liquidity and Capital Constraints: Current ratio of 0.55 as of March 31, 2026, indicates short-term liabilities exceed current assets, which may constrain liquidity.
• Customer Concentration: One customer accounted for 10% or more of sales in 2025, posing concentration risk.
• Derivative and Market Risks: Derivative contracts used for hedging are subject to market and credit risk, which may impact financial results.

FINAL FORECAST FOR RRC

Final take one line
Range Resources exhibits very high visibility with detailed SEC disclosures and recent strong operational and financial performance amid commodity price volatility.
Final take 12 to 24 month view

Business trends: Continued focus on natural gas and NGLs development in Appalachia with disciplined capital investment and partial hedging to manage commodity price volatility.
Execution milestones: Maintaining strong operational execution with high drilling success rates, active stock repurchases, dividend payments, and sustainability initiatives.
Key risks: Exposure to commodity price fluctuations, environmental and legal claims, liquidity constraints, and customer concentration risks.

Valye AI Visibility Research Score

Very high visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

100
LLM visibility overview
LLM Visibility known facts
  • Range Resources Corp is an independent natural gas, NGLs, and oil company focused on exploration, development, and acquisition of natural gas, NGLs, and oil properties in the Appalachian region of the United States, primarily Pennsylvania [S1].
  • The company operates in one segment with a single company-wide management team and measures financial performance as a single enterprise [S1].
  • Its business objective is to build stockholder value through returns-focused development of natural gas, NGLs, and oil properties, generating consistent cash flows from reserves and production via drilling projects and occasional acquisitions/divestitures [S1].
  • The company’s revenues, profitability, and growth depend substantially on prevailing commodity prices and its ability to economically find, develop, acquire, produce, and sell reserves [S1].
  • Range Resources manages commodity price volatility by exercising capital discipline, maintaining competitive costs, diversifying sales outlets, partial hedging, maintaining a strong balance sheet, and optimizing operational efficiencies [S1].
  • The company uses the successful efforts method of accounting for natural gas, NGLs, and oil activities [S1].
  • For the quarter ended March 31, 2026, Range Resources reported revenue of $1.034 billion and net income of $342 million, with basic EPS of $1.45 and diluted EPS of $1.44 [S2].
  • Liquidity ratios as of March 31, 2026, include a current ratio of 0.55 and a cash ratio of 0, with cash and equivalents of $247,000 and current liabilities of $678.7 million [S2].
  • Range Resources maintains a stock repurchase program with approximately $785.5 million remaining authorization as of December 31, 2025, and repurchased 1.49 million shares in 2025 [S1].
  • The company paid $85.7 million in dividends in 2025, increasing the annual dividend per share by 12.5% to $0.36 [S1].
  • Capital investment for 2025 was $673.8 million, within the announced range of $650 million to $690 million, focused on drilling and development in Pennsylvania [S1].
  • In 2025, Range Resources drilled and completed 53 net wells with a 100% success rate [S1].
  • The company generated $1.2 billion of cash from operating activities in 2025, reflecting higher realized prices and production volumes [S1].
  • Range Resources has environmental and legal risks including pending or threatened legal actions related to royalty, contract, and environmental claims; potential fines may exceed $250,000 [S1].
  • The company maintains net zero scope 1 and 2 greenhouse gas emissions through direct reductions and verified carbon credits, and recycles approximately 100% of flowback and produced water [S1].
  • Range Resources uses commodity derivative contracts to partially hedge price risk on forecasted production [S1].
  • Accounts receivable primarily consist of oil and gas purchasers and joint interest owners; the company monitors credit risk and uses credit enhancements as needed [S1].
  • The company’s main sources of liquidity include cash on hand, internally generated cash flow, a bank credit facility, and capital market transactions [S1].
  • Range Resources had approximately $1.7 billion of liquidity at December 31, 2025, including cash and availability under its credit facility [S1].
  • The company’s revenues for 2025 increased 27% from 2024 due to a 24% increase in average realized prices and a 2% increase in production volumes [S1].
  • Natural gas sales increased 64% in 2025 compared to 2024, while NGLs and oil sales decreased slightly [S1].
  • The company’s transportation, gathering, processing, and compression expenses increased slightly in 2025 due to higher electricity costs and FERC rates [S1].
  • Interest expense per mcfe decreased 13% in 2025 compared to 2024 due to lower debt balances [S1].
  • Range Resources’ stock is listed on the NYSE under the symbol 'RRC' with average daily trading volume of approximately 2.9 million shares in 2025 [S1].
  • The company’s 2026 capital budget is in the range of $650 million to $700 million, focused on natural gas, NGLs, and oil activities excluding acquisitions [S1].
  • Range Resources’ commodity price realizations are influenced by quality, location, and sales contracts, and the company recognizes revenue when control transfers to the purchaser [S1].
  • The company’s derivative contracts are measured at fair value and are subject to market and credit risk [S1].
  • Range Resources’ customer concentration includes one customer accounting for 10% or more of sales in 2025 [S1].
  • The company’s contractual obligations include long-term debt, operating leases, derivative obligations, asset retirement obligations, and transportation commitments [S1].
  • Range Resources’ reserves estimates are based on engineering and geological interpretation and are subject to uncertainties [S1].
  • The company’s financial statements are prepared in conformity with U.S. GAAP and require estimates and assumptions affecting reported amounts [S1].
  • Range Resources’ recent news includes Q1 2026 earnings and revenues topping estimates and a rise in Q1 profit [N1][N2].
  • The company’s Q4 2025 earnings transcript and after-hours earnings report were published on April 21, 2026 [N3][N4].
  • Industry context includes surging LNG demand and peer company performance in the energy sector [N5][N6][N7][N8].
Sources
Sources - Context summary

Generated 2026-04-22

Sources - Earning calls
Sources - Other context
Sources - SEC Filings
  • S1 | 2026-02-24 | 10-K
  • S2 | 2026-04-21 | 10-Q
Sources - News headlines
  • N1 | 2026-04-21 | www.nasdaq.com | Range Resources (RRC) Q1 Earnings and Revenues Top Estimates | https://www.nasdaq.com/articles/range-resources-rrc-q1-earnings-and-revenues-top-estimates
  • N2 | 2026-04-21 | www.nasdaq.com | Range Resources Corp. Q1 Profit Rises | https://www.nasdaq.com/articles/range-resources-corp-q1-profit-rises
  • N3 | 2026-04-21 | www.nasdaq.com | Range Resources RRC Q4 2025 Earnings Transcript | https://www.nasdaq.com/articles/range-resources-rrc-q4-2025-earnings-transcript
  • N4 | 2026-04-21 | www.nasdaq.com | After-Hours Earnings Report for April 21, 2026 : ISRG, CB, COF, IBKR, EQT, UAL, WRB, EWBC, NLY, ELS, RRC, ADC | https://www.nasdaq.com/articles/after-hours-earnings-report-april-21-2026-isrg-cb-cof-ibkr-eqt-ual-wrb-ewbc-nly-els-rrc
  • N5 | 2026-04-10 | www.nasdaq.com | 3 Energy Stocks to Watch Now as LNG Demand Surges | https://www.nasdaq.com/articles/3-energy-stocks-watch-now-lng-demand-surges
  • N6 | 2026-04-01 | www.nasdaq.com | California Resources (CRC) Up 14.5% Since Last Earnings Report: Can It Continue? | https://www.nasdaq.com/articles/california-resources-crc-145-last-earnings-report-can-it-continue
  • N7 | 2026-04-01 | www.nasdaq.com | California Resources (CRC) Up 14.5% Since Last Earnings Report: Can It Continue? | https://www.nasdaq.com/articles/california-resources-crc-145-last-earnings-report-can-it-continue-0
  • N8 | 2026-03-27 | www.nasdaq.com | Northern Oil and Gas (NOG) Up 15.9% Since Last Earnings Report: Can It Continue? | https://www.nasdaq.com/articles/northern-oil-and-gas-nog-159-last-earnings-report-can-it-continue
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

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