Range Resources (RRC) AI Stock Analysis

• Market Cap: $9.72B
• Dividend Yield: 1%
• Average Volume (3M): 3.06M
• Price to Earnings (P/E): 15.1
• Beta (1Y): 0.71
• Revenue Growth: 23.88%
• EPS Growth: 20.55%
• Country: US
• Employees: 565
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.82
• Shares Outstanding: 235,381,000
• 10 Day Avg. Volume: 3,041,503
• 30 Day Avg. Volume: 3,062,802
• PEG Ratio: 0.08
• Price to Book (P/B): 1.94
• Price to Sales (P/S): 2.80
• P/FCF Ratio: 14.22
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 3.70
• Enterprise Value/Gross Profit: 10.46
• Enterprise Value/Ebitda: 8.37
• 1Y Price Target: $41.24
• Price Target Upside: -0.10% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 17
• EPS Forecast (FY): 3.52
• Revenue Forecast (FY): $3.30B

• Rating: 72 Outperform
• Price Target: $43.00 ▲(4.17% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 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

Stronger Balance Sheet

Material deleveraging to ~0.29 D/E meaningfully reduces financial risk and increases flexibility. A stronger balance sheet supports disciplined capex, continued buybacks/dividends, and resilience through commodity downturns, improving multi‑quarter funding optionality and creditor confidence.

Consistent Cash Generation

Sustained operating cash flow and positive free cash flow enable self-funded growth and shareholder returns. Reliable cash generation supports debt paydown, buybacks, and dividends while allowing capital discipline across cycles, improving long-term capital allocation and downside protection.

Operational Efficiency & Inventory

High drilling/completion productivity and a >500k lateral‑feet inventory give low incremental cost growth optionality. This structural inventory and efficiency allow calibrated ramping, lower per‑unit D&C costs, and the ability to prioritize returns or growth without immediate large capital increases.

Negative Factors

Commodity Volatility

Revenue, margins and cash flow remain tightly linked to gas and NGL price cycles, limiting predictability. Even with hedging, price swings and seasonal dips (notably Q1) can materially alter multi‑quarter free cash flow and constrain consistent capital allocation or payout smoothing.

NGL/Petchem Weakness

Structural weak petchem margins and high NGL stocks can depress realizations for ethane/propane, reducing NGL contribution to overall margins. Given Range's NGL exposure, prolonged petchem weakness would sustainably lower blended prices and cash generation versus gas‑only scenarios.

Midstream Timing Risk

Planned H2 step‑up depends on midstream debottlenecking; delays or underperformance would postpone production growth and attendant cash flows. Reliance on third‑party infrastructure creates execution/timing risk that can shift expected FCF and returns across multiple quarters.

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 December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.

How the Company Makes Money

Range Resources generates revenue primarily through the sale of natural gas, natural gas liquids (NGLs), and crude oil. The company's revenue model is significantly driven by the production and sale of these hydrocarbons, with natural gas typically being the largest contributor to its earnings. The company operates under a cost-efficient production framework, which allows it to maintain profitability even in fluctuating market conditions. Additionally, Range Resources benefits from strategic partnerships and long-term contracts with various midstream companies, which facilitate the transportation and processing of its products. The company's revenue is also influenced by commodity price fluctuations, production volumes, and operational efficiency, as well as market demand for energy resources.

Range Resources Financial Statement Overview

Summary

Profitability is currently strong (net margin ~21%, EBITDA margin ~39%) with revenue back to growth in the latest annual period, leverage has improved sharply (debt-to-equity down to ~0.29), and operating cash flow/free cash flow remain solid. The main offset is cyclicality and volatility in revenue, margins, and free cash flow (notably 2023–2024 softness and a sharp FCF drop versus the prior year).

Income Statement

Profitability is strong in the most recent annual period, with net margin ~21% and EBITDA margin ~39%, and revenue returning to growth (+8.6%). However, results have been volatile across the cycle: revenue fell sharply in 2023 and declined again in 2024, and 2020 showed material losses. Margin history is uneven (very high in 2022–2023, then lower in 2024, rebounding in 2025), which raises durability risk typical of the industry.

Balance Sheet

Leverage has improved meaningfully over time: debt-to-equity declined from ~1.93 (2020) and ~1.42 (2021) to ~0.29 (2025), while equity has grown. Returns on equity are solid in 2025 (~15%) and were very strong in 2022–2023, but profitability and equity returns have also been cyclical (negative in 2020). Overall, the balance sheet looks healthier and more resilient than earlier years, with reduced financial risk.

Cash Flow

Cash generation is generally supportive: operating cash flow is strong in 2025 (~$1.17B) and free cash flow remains positive (~$590M). That said, free cash flow dropped sharply versus the prior year (about -40% growth), and free cash flow conversion versus net income is moderate in 2025 (~50%), indicating earnings are not translating into free cash flow at peak levels seen in 2022. Coverage of net income by operating cash flow is strong in 2025 (~1.77x), but was weaker in 2024 (~0.74x), underscoring volatility.

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

• Technical Analysis Sentiment: Positive
• Last Price: 41.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RRC, the sentiment is Positive. The current price of 41.28 is above the 20-day moving average (MA) of 37.53, above the 50-day MA of 36.06, and above the 200-day MA of 36.92, indicating a bullish trend. The MACD of 1.05 indicates Negative momentum. The RSI at 69.35 is Neutral, neither overbought nor oversold. The STOCH value of 81.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RRC.

Range Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PR	80 Outperform	$15.17B	14.30	9.66%	4.27%	7.55%	-34.40%
OVV	74 Outperform	$14.33B	10.58	11.54%	3.16%	-8.07%	-87.88%
AR	74 Outperform	$11.36B	18.15	8.71%	―	17.05%	1028.81%
RRC	72 Outperform	$9.72B	15.07	15.91%	1.00%	23.88%	20.55%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
MUR	62 Neutral	$4.73B	45.81	2.01%	4.15%	-13.92%	-68.34%
CRK	54 Neutral	$5.77B	14.72	16.07%	―	35.41%	―

Range Resources Corporate Events

Range Resources Expands Buyback Plan Amid Disciplined Growth

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 per day, alongside continued debt reduction and Net Zero Scope 1 and 2 emissions. The company reported fourth-quarter 2025 GAAP net income of $179 million on $820 million in revenue, invested heavily in share buybacks and dividends, and set a 2026 capital budget of $650–$700 million tied to converting a large drilled but uncompleted inventory into higher output, targeting 2.35–2.40 Bcfe per day in 2026 and 2.6 Bcfe per day in 2027, underscoring a strategy of disciplined, cash-flow-focused growth and enhanced shareholder returns.

The most recent analyst rating on (RRC) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Range Resources stock, see the RRC Stock Forecast page.

Range Resources to Redeem $600 Million Senior Notes

On December 31, 2025, Range Resources Corporation announced it will fully redeem all $600 million of its 8.25% senior notes due 2029, in accordance with the governing indenture. The company set January 15, 2026 as the redemption date, after which no notes will remain outstanding, and will pay a redemption price of 101.375% of principal plus accrued and unpaid interest, funding the transaction through its existing revolving credit facility, which will retire this higher-cost debt and alter its capital structure going forward.

The most recent analyst rating on (RRC) stock is a Hold with a $42.00 price target. To see the full list of analyst forecasts on Range Resources stock, see the RRC Stock Forecast page.