Range Resources ( (RRC) ) has released its Q1 earnings. Here is a breakdown of the information Range Resources presented to its investors.
Range Resources Corporation, a leading independent natural gas and NGL producer based in Fort Worth, Texas, operates primarily in the Appalachian Basin, focusing on efficient energy solutions and strategic collaborations.
In its first quarter of 2025, Range Resources reported strong financial performance with cash flow from operating activities reaching $330 million and a net income of $97 million. The company also repurchased $68 million of shares and paid $22 million in dividends, while reducing net debt by $42 million.
Key financial highlights include a realized price of $4.02 per mcfe, with production averaging 2.20 Bcfe per day, predominantly natural gas. The company also announced a strategic collaboration to supply natural gas to a potential data center and industrial development in Pennsylvania, showcasing its commitment to expanding in-basin demand opportunities.
Range Resources’ capital spending for the quarter was $147 million, representing 22% of its annual budget. The company drilled approximately 250,000 lateral feet across 18 wells, aligning with its strategy to maintain a surplus inventory for future development.
Looking ahead, Range Resources remains optimistic about its position in the market, supported by its high-return, long-life assets and increasing demand for natural gas and NGLs. The company continues to focus on enhancing shareholder value and maintaining a strong financial position.