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Range Resources Corp (RRC)
NYSE:RRC
Earnings Data
Report Date
Apr 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.91Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 20 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -13.79%
|Next Earnings Date:Apr 22, 2025
Earnings Call Sentiment|Positive
Range Resources demonstrated strong financial and operational efficiency despite low natural gas prices, with record free cash flow and significant debt reduction. However, cautious growth projections and the delay in expanding production highlight a measured approach to market conditions.Company Guidance
During Range Resources' fourth-quarter 2024 earnings call, the company provided detailed guidance for 2025, outlining plans to maintain an efficient operational program with two drilling rigs and one completion crew. The capital budget for 2025 is set between $650 to $690 million, with $530 million allocated for maintenance capital and $70 to $100 million for drilling and completion to support future growth. The production is projected to modestly grow to approximately 2.2 Bcfe per day. Over the next three years, Range plans to increase production by approximately 400 million cubic feet equivalent per day, reaching about 2.6 Bcfe per day by 2027. This growth is supported by new transport and processing capacity agreements, with capital requirements expected to remain between $650 to $700 million annually. The company anticipates maintaining a reinvestment rate below 50% at a $3.75 natural gas price level, with a breakeven price of approximately $2 for NYMEX natural gas. Additionally, Range has planned to utilize incremental processing capacity at the MPLX Harmon Creek facility and secure natural gas transportation capacity to the Midwest and Gulf Coast regions, enhancing their ability to meet growing demand while maintaining operational flexibility and strong financial health.Record Free Cash Flow Amid Low Gas Prices
Range Resources generated $453 million in free cash flow in 2024, despite challenging natural gas prices, enabling share repurchases, dividend distributions, and debt reduction.
Operational Efficiency and Low Capital Intensity
The company drilled 59 laterals with an average horizontal length over 14,000 feet, achieving significant drilling efficiency gains and setting records for lateral footage.
Strong NGL Premiums
Range achieved the highest NGL premiums in company history in 2024, driven by international market sales of ethane, propane, and butane.
Balance Sheet Strength
Over the past three years, Range reduced net debt by over $1.3 billion and returned $678 million to shareholders, demonstrating financial discipline and strength.
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RRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $37.41 | $38.46 | +2.81% |
| Oct 22, 2024 | $29.76 | $30.81 | +3.53% |
| Jul 23, 2024 | $32.85 | $31.56 | -3.93% |
| Apr 23, 2024 | $36.23 | $37.41 | +3.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Range Resources Corp (RRC) report earnings?
Range Resources Corp (RRC) is schdueled to report earning on Apr 22, 2025, TBA Not Confirmed.
What is Range Resources Corp (RRC) earnings time?
Range Resources Corp (RRC) earnings time is at Apr 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RRC EPS forecast?
RRC EPS forecast for the fiscal quarter 2025 (Q1) is 0.91.
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