Range Resources Corp (RRC)
NYSE:RRC
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Earnings Data
Report Date
Jul 27, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.73Last Year’s EPS
0.66Same Quarter Last Year
Based on 19 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational execution, record pricing realizations and robust free cash flow that materially strengthened the balance sheet and enabled shareholder returns. Management highlighted multiple operational records, improved NGL and gas realizations, and a clear production ramp toward 2.5 Bcfe/d by year-end while maintaining capital discipline. Risks noted include market volatility (geopolitically driven NGL spikes), elevated domestic LPG inventories, some cost pressure in GP&T, and external pricing weakness in certain basins (Permian/WAHA). On balance, the positive financial and operational highlights and improved guidance outweigh the identified challenges, though management remains appropriately cautious on seasonality and geopolitical uncertainty.Company Guidance
Strong Free Cash Flow
Free cash flow of approximately $400 million for Q1 2026, funded a $24 million dividend and $27 million of share repurchases; cash flow from operations before working capital was $545 million.
Robust Pricing Realizations
Realized natural gas price of $5.18/Mcf (before hedging) and realized NGL price of $26.62/barrel in Q1; natural gas differential was a $0.18 premium to Henry Hub (best in over a decade).
Historic NGL Premium
NGL realized a $4.41/boe premium to Mont Belvieu in Q1 (largest NGL premium in company history); full-year 2026 NGL differential guidance improved to a premium of $1.25 to $2.50/boe over Mont Belvieu.
Production Trajectory and Guidance
Q1 production of 2.2 Bcfe/d with expectation to increase slightly in Q2 and ramp to ~2.5 Bcfe/d by year-end (≈13.6% higher vs Q1), and target of ~2.6 Bcfe/d in 2027 pending demand.
Operational Efficiency Records
Single horizontal rig drilled ~143,000 lateral feet in Q1 (annualized >0.5M feet); 8 days drilling >1 mile including two 24-hour periods >9,400 feet; electric fracturing fleet completed 874 stages in Q1, record 17 stages/day and winter average >10 stages/day; water delivery up to 120,000 barrels/day.
Capital Discipline
Q1 capital spending of $139 million with one rig and one completions crew; capital reinvestment rate under 30% in Q1; completions spending to step up in Q2 while remaining within previously stated 2026 capital guidance.
Marketing and Export Tailwinds
U.S. export momentum: LNG exports approaching 20 Bcf/day (up 20% YoY); ethane waterborne exports ~665,000 bbl/day (up >47% YoY); propane and butane exports up 5% YoY — positioning to capture improving international demand and pricing.
Balance Sheet Strength
Net debt of $834 million (about 0.5x leverage), described as the strongest balance sheet in company history; $1.5 billion share repurchase authorization remains available for opportunistic buybacks.
Cost and Contract Stability
Electric frac fleet and horizontal day rates largely locked for 2026; prepurchase of production casing reduces exposure to steel price movements, providing insulation from some commodity-driven cost increases.
Improved Margin Per Unit
Margin per unit of production improved to $2.77 per Mcfe, up 38% year-over-year, reflecting higher realized prices and contract structures aligned with commodity moves.
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
RRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 21, 2026 | $41.67 | $43.25 | +3.79% |
Feb 24, 2026 | $38.44 | $39.04 | +1.56% |
Oct 28, 2025 | $36.79 | $34.82 | -5.36% |
Jul 22, 2025 | $35.39 | $35.46 | +0.20% |
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.
FAQ
When does Range Resources Corp (RRC) report earnings?
Range Resources Corp (RRC) is schdueled to report earning on Jul 27, 2026, After Close (Confirmed).
What is Range Resources Corp (RRC) earnings time?
Range Resources Corp (RRC) earnings time is at Jul 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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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 2026 (Q2) is 0.73.