Range Resources Corp (RRC)
NYSE:RRC
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Range Resources
(NYSE:RRC)
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Rating:72Outperform
Price Target:
$49.00
▲(20.42% Upside)
Action:ReiteratedDate:02/25/26
The score is driven primarily by strengthened fundamentals (strong current profitability, materially lower leverage, and positive cash generation) and a positive earnings outlook focused on disciplined capex and shareholder returns. Technicals are supportive with the stock trading above major moving averages, while valuation is only moderate due to a modest dividend yield.
Positive Factors
Improved leverage and stronger balance sheet
Material deleveraging to ~0.29 D/E materially reduces financial risk and increases capital allocation optionality. A stronger balance sheet supports sustained capex funding, buybacks and dividends through cycles, and improves resilience to commodity-driven cashflow variability over the next several quarters.
Negative Factors
Commodity price and seasonality exposure
Range's profitability and cash flow are structurally tied to natural gas/NGL market cycles and seasonal demand patterns. Persistent weakness or adverse curve structures can compress margins and delay cash-funded growth, making multi-quarter free cash flow and return plans vulnerable to macro price swings.
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Positive Factors
Negative Factors
Improved leverage and stronger balance sheet
Material deleveraging to ~0.29 D/E materially reduces financial risk and increases capital allocation optionality. A stronger balance sheet supports sustained capex funding, buybacks and dividends through cycles, and improves resilience to commodity-driven cashflow variability over the next several quarters.
Read all positive factors
Range Resources (RRC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.86B
Dividend Yield1%
Average Volume (3M)3.59M
Price to Earnings (P/E)12.8
Beta (1Y)0.52
Revenue Growth23.88%
EPS Growth20.55%
CountryUS
Employees565
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.82
Shares Outstanding235,381,000
10 Day Avg. Volume3,122,188
30 Day Avg. Volume3,586,253
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.94
Price to Sales (P/S)2.80
P/FCF Ratio14.22
Enterprise Value/Market Cap1.11
Enterprise Value/Revenue3.67
Enterprise Value/Gross Profit10.39
Enterprise Value/Ebitda8.31
Forecast
1Y Price Target
$44.82Price Target Upside10.15% Upside
Rating ConsensusHold
Number of Analyst Covering18
EPS Forecast (FY)3.97
Revenue Forecast (FY)$3.43B
Range Resources Business Overview & Revenue Model
Company Description
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of Dec...
How the Company Makes Money
Range Resources makes money primarily by producing and selling hydrocarbons—natural gas, natural gas liquids (NGLs), and crude oil—from wells it drills and operates, predominantly in Appalachia. Revenue is generated when produced volumes are sold ...
Range Resources Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 21, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution, robust free cash flow generation, improved per-unit margins (≈20% increase), peer-leading completion/drilling efficiencies and a large, flexible inventory (500k+ lateral feet) that provides optionality. Management secured service pricing stability via RFP outcomes and multiyear agreements and continues disciplined capital allocation (dividends, buybacks, debt reduction). Key risks noted were commodity price volatility, seasonality that depresses Q1 volumes, elevated NGL stocks and limited further cost-down opportunities. Overall, positive operational and financial results and clear optionality outweigh the macro and timing risks.Positive Updates
Strong Free Cash Flow and Cash Generation
Generated cash flow from operations before working capital of $1.3 billion and over $650 million in free cash flow for 2025, enabling $86 million in dividends, $231 million in share repurchases and $186 million of net debt reduction.
Negative Updates
Commodity Price Volatility and Weaker Curve vs Prior Year
Management acknowledged recent weakness in gas price curves relative to a year ago and ongoing volatility. Guidance anticipates Q1 production down to ~2.2 Bcfe/d from Q4 2.3 Bcfe/d (seasonality), and overall commodity uncertainty remains a risk for timing of production turn-ins and monetization.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Free Cash Flow and Cash Generation
Generated cash flow from operations before working capital of $1.3 billion and over $650 million in free cash flow for 2025, enabling $86 million in dividends, $231 million in share repurchases and $186 million of net debt reduction.
Read all positive updates
Company Guidance
Range guided 2026 all‑in capital of $650–700 million, comprised of about $500M maintenance D&C, $120–140M incremental D&C growth (primarily to fund a second completion crew), $15–35M of land and $15–25M for software/production‑facility upgrades and emissions work (pneumatic retrofit complete by year‑end); Q4 all‑in capex was $183M and FY2025 capex was $674M. Operationally, the plan runs a single full‑time super‑spec drilling rig with a second rig used in H2, a single full‑time electric frac crew plus a spot crew in Q2–Q3, expects to turn ~900,000 lateral feet to sales in 2026 and is supported by >500,000 lateral feet of growth inventory (≈100,000ft added vs prior); 2025 activity included 69 laterals / >1.0M lateral feet drilled (avg ~14,800–15,000 ft), ~3,800 frac stages and a 2025 frac efficiency ~9.7–10 stages/day per crew. Production guidance is 2.35–2.40 Bcfe/day for 2026 (Q1 ≈2.2 Bcfe/d, Q4 2025 ≈2.3 Bcfe/d), with ~300 MMcf/d of processing capacity online mid‑year driving a meaningful H2 step‑up to a year‑end target ≈2.5 Bcfe/d and optionality to produce ~2.6 Bcfe/d in 2027 with < $600M annual D&C (or < $0.60/Mcfe) — alternatively maintain $650–700M capex to grow into 2028; service pricing for 2026 is expected flat to slightly lower with multiple long‑term agreements (including a new 2‑year electric frac term starting 1/1/2026).Range Resources Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.99B | 2.35B | 2.54B | 5.33B | 3.58B |
| Gross Profit | 1.02B | 574.75M | 778.14M | 3.22B | 1.60B |
| EBITDA | 1.34B | 727.72M | 1.57B | 1.93B | 993.93M |
| Net Income | 658.02M | 266.34M | 871.14M | 1.18B | 411.78M |
Balance Sheet | |||||
| Total Assets | 7.42B | 7.35B | 7.20B | 7.26B | 7.45B |
| Cash, Cash Equivalents and Short-Term Investments | 204.00K | 304.49M | 211.97M | 207.00K | 214.42M |
| Total Debt | 1.27B | 1.82B | 1.80B | 1.95B | 2.97B |
| Total Liabilities | 3.10B | 3.41B | 3.44B | 4.38B | 5.36B |
| Stockholders Equity | 4.32B | 3.94B | 3.77B | 2.88B | 2.09B |
Cash Flow | |||||
| Free Cash Flow | 589.84M | 315.93M | 371.66M | 1.38B | 375.51M |
| Operating Cash Flow | 1.17B | 944.51M | 977.89M | 1.86B | 792.95M |
| Investing Cash Flow | -641.39M | -623.83M | -601.71M | -489.83M | -417.88M |
| Financing Cash Flow | -834.22M | -228.16M | -164.42M | -1.59B | -161.10M |
Range Resources Technical Analysis
Neutral
40.69
Price Trends
41.18
Negative
38.69
Positive
37.43
Positive
Market Momentum
0.12
Positive
37.64
Neutral
13.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RRC, the sentiment is Neutral. The current price of 40.69 is below the 20-day moving average (MA) of 44.31, below the 50-day MA of 41.18, and above the 200-day MA of 37.43, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 37.64 is Neutral, neither overbought nor oversold. The STOCH value of 13.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RRC.
Range Resources Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $17.82B | 10.74 | 9.56% | 4.27% | 7.55% | -34.40% | |
74 Outperform | $11.48B | 16.82 | 8.63% | ― | 17.05% | 1028.81% | |
72 Outperform | $9.86B | 12.75 | 15.87% | 1.00% | 23.88% | 20.55% | |
72 Outperform | $15.97B | 8.12 | 11.86% | 3.16% | -8.07% | -87.88% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $5.57B | 42.92 | 2.03% | 4.15% | -13.92% | -68.34% | |
54 Neutral | $5.10B | 17.04 | 16.88% | ― | 35.41% | ― |
* Energy Sector Average
RRC
Range Resources
40.69
6.92
20.48%
CRK
Comstock Resources
16.25
-3.46
-17.55%
OVV
Ovintiv
54.80
22.60
70.19%
MUR
Murphy Oil
37.64
18.05
92.18%
AR
Antero Resources
36.11
1.81
5.28%
PR
Permian Resources
20.01
8.97
81.22%
Range Resources Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Range Resources Expands Buyback Plan Amid Disciplined Growth
Positive
Feb 25, 2026
On February 24, 2026, Range’s board raised the capacity of its stock repurchase program to $1.5 billion and highlighted 2025 results marked by $1.2 billion in operating cash flow, $674 million in capital spending and production of 2.24 Bcfe ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.