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Range Resources (RRC)
:RRC
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.6Last Year’s EPS
0.63Same Quarter Last Year
Based on 19 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 37.68%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong operational performance, highlighted by record NGL premiums, robust production, and significant free cash flow generation, despite challenging natural gas prices. The reduction in net debt and low base decline further underscore the company's resilience and strategic positioning. However, the low natural gas prices and increased land spend were noted challenges.Company Guidance
During Range Resources' Q3 2024 earnings call, the company provided guidance emphasizing its strong production performance and strategic financial management. The company reported an aggregate unhedged price realization of $2.61 per Mcfe, with a notable $0.45 premium over Henry Hub natural gas, highlighting its competitive advantage in liquids production. Range invested $156 million in the quarter, maintaining a production level of 2.2 Bcfe per day, and anticipates similar output for Q4, leading to an annual production of approximately 2.17 Bcfe per day. The company achieved a historic NGL premium of over $4 per barrel above the Mont Belvieu index by effectively marketing its ethane, propane, and butane internationally. Additionally, Range maintained a low reinvestment rate of 63% for the first three quarters of 2024 and ended Q3 with a net debt of $1.44 billion, well within its target range. The company plans to continue its strategy of balancing capital returns to shareholders with prudent operational investments, focusing on future demand growth opportunities and maintaining its position as a low-cost producer in North America.Record NGL Premium
Range Resources achieved the highest NGL premium in company history at over $4 per barrel above the Mont Belvieu index.
Strong Production Performance
Third quarter production came in at 2.2 Bcf equivalent per day, 30 million cubic feet per day above the previous midpoint of guidance.
Free Cash Flow Generation
Range generated free cash flow despite low commodity prices, with $58 million in dividends and $44 million in share repurchases.
Reduced Net Debt
Net debt was reduced by $136 million, ending the third quarter at $1.44 billion, within the target range of $1 billion to $1.5 billion.
Low Base Decline
Range's base decline rate is at 19%, reflecting the quality of the asset and efficient operations.
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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 |
|---|---|---|---|
| Oct 22, 2024 | $29.83 | $30.88 | +3.52% |
| Jul 23, 2024 | $32.92 | $31.63 | -3.92% |
| Apr 23, 2024 | $36.32 | $37.50 | +3.25% |
| Feb 21, 2024 | $32.56 | $31.47 | -3.35% |
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 (RRC) report earnings?
Range Resources (RRC) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Range Resources (RRC) earnings time?
Range Resources (RRC) earnings time is at Feb 19, 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 2024 (Q4) is 0.6.
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