Range Resources Reports Strong 2024 Earnings and Growth Plans

Range Resources ( (RRC) ) has released its Q4 earnings. Here is a breakdown of the information Range Resources presented to its investors.

Range Resources Corporation, a leading U.S. independent natural gas and NGL producer, focuses its operations in the Appalachian Basin and is headquartered in Fort Worth, Texas.

In its fourth quarter 2024 earnings report, Range Resources highlighted a robust financial performance with significant cash flow generation and strategic investments despite challenging natural gas prices. The company also outlined its plans for 2025 and a three-year outlook through 2027.

Key financial metrics for 2024 included a cash flow from operating activities of $945 million, with a reduction in net debt by $172 million. The company returned $77 million in dividends and invested $65 million in share repurchases. Production averaged 2.18 Bcfe per day, with a strong focus on natural gas. Range Resources also reported a debt to EBITDAX ratio of 1.2x and maintained proved reserves of 18.1 Tcfe.

Looking ahead, Range Resources plans to invest between $650 million and $690 million in 2025, targeting a production level of approximately 2.2 Bcfe per day. The company aims to support its growth strategy through strategic investments in drilling, completion, and infrastructure upgrades, while also focusing on reducing emissions.

Range Resources remains optimistic about its future prospects, with a three-year outlook targeting a production increase to 2.6 Bcfe per day by 2027. The company plans to leverage its low-cost, low-emissions natural gas production capabilities to meet growing global demand, particularly as new export capacities are commissioned.