Range Resources (RRC)
NYSE:RRC
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Range Resources
(NYSE:RRC)
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Rating:77Outperform
Price Target:
$46.00
▲(10.29% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by strong financial performance (profitability, deleveraging, and robust free cash flow) and a low valuation multiple. These positives are tempered by weak near-term technical momentum and commodity-linked volatility noted in the latest earnings update.
Positive Factors
Strong free cash flow
Sustained, large free cash flow provides durable funding for dividends, buybacks, debt paydown and reinvestment. Over 2–6 months this enhances financial flexibility, supports capital discipline and allows management to prioritize high-return completions rather than growth-for-growth’s-sake.
Negative Factors
Commodity-price cyclicality
Range’s profitability and cash flow remain highly sensitive to gas and NGL prices; cyclical swings can compress margins, reduce FCF conversion and force capital plan adjustments. Over months this can limit ability to sustain buybacks, capex or dividend guidance during commodity downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
Sustained, large free cash flow provides durable funding for dividends, buybacks, debt paydown and reinvestment. Over 2–6 months this enhances financial flexibility, supports capital discipline and allows management to prioritize high-return completions rather than growth-for-growth’s-sake.
Read all positive factors
Range Resources (RRC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.24B
Dividend Yield1%
Average Volume (3M)3.00M
Price to Earnings (P/E)10.3
Beta (1Y)0.42
Revenue Growth23.03%
EPS Growth239.04%
CountryUS
Employees565
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)3.80
Shares Outstanding235,622,250
10 Day Avg. Volume2,241,251
30 Day Avg. Volume3,004,317
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/Revenue3.23
Enterprise Value/Gross Profit7.65
Enterprise Value/Ebitda6.74
Forecast
1Y Price Target
$46.22Price Target Upside10.80% Upside
Rating ConsensusHold
Number of Analyst Covering18
EPS Forecast (FY)4.31
Revenue Forecast (FY)$3.59B
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:Apr 21, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 27, 2026
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.Positive Updates
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.
Negative Updates
Elevated Operating Costs Linked to Prices
GP&T (gathering, processing & transportation) per unit increased in Q1; management attributes the rise to the 'right way' linkage with higher realized prices but it represents higher operating expense in the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Range reiterated that infrastructure coming online midyear should lift production from 2.2 Bcf‑equivalent/day in Q1 to a slight Q2 increase and roughly 2.5 Bcf‑equivalent/day by year‑end (with a 2.6 Bcfe/day target for 2027), funded within prior capital guidance after Q1 capex of $139M and a reinvestment rate <30% (Q2–Q3 expected to be the capex high point as a second completion crew ramps). Q1 cash flow from operations before working capital was $545M and free cash flow ~ $400M, which funded a $24M dividend and $27M of buybacks and left net debt at $834M (~0.5x leverage) with a $1.5B repurchase authorization. Operationally one rig drilled ~143,000 lateral feet in Q1 (annualized >0.5M), the frac crew completed 874 stages (annualized ~700k lateral feet per crew) with up to 17 stages/day (winter avg >10) and handled up to 120k bbl/day of water; DUC inventory is ~500k lateral feet with ~400k lateral feet available to monetize over the next 18–24 months. Marketing realized $5.18/Mcf gas (pre‑hedge) and a $0.18/Mcf premium to Henry Hub, NGLs $26.62/bbl and a record Q1 NGL premium of $4.41/bbl vs Mont Belvieu (full‑year NGL differential guide now +$1.25 to +$2.50/bbl); unit margin was $2.77/Mcfe (+38% YoY). Management also highlighted stronger export fundamentals (LNG ~20 Bcf/day, +20% YoY; ethane waterborne ~665k bpd, +47% YoY), additional LPG export capacity (~300k bpd late‑2026) and Repauno service in Jan 2027.Range Resources Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.18B | 2.99B | 2.35B | 2.54B | 5.33B | 3.58B |
| Gross Profit | 1.34B | 1.02B | 574.75M | 778.14M | 3.22B | 1.60B |
| EBITDA | 1.52B | 1.34B | 727.72M | 1.57B | 1.93B | 993.93M |
| Net Income | 902.60M | 658.02M | 266.34M | 871.14M | 1.18B | 411.78M |
Balance Sheet | ||||||
| Total Assets | 7.40B | 7.42B | 7.35B | 7.20B | 7.26B | 7.45B |
| Cash, Cash Equivalents and Short-Term Investments | 247.00K | 204.00K | 304.49M | 211.97M | 207.00K | 214.42M |
| Total Debt | 979.15M | 1.27B | 1.82B | 1.80B | 1.95B | 2.97B |
| Total Liabilities | 2.80B | 3.10B | 3.41B | 3.44B | 4.38B | 5.36B |
| Stockholders Equity | 4.60B | 4.32B | 3.94B | 3.77B | 2.88B | 2.09B |
Cash Flow | ||||||
| Free Cash Flow | 1.30B | 589.84M | 315.93M | 371.66M | 1.38B | 375.51M |
| Operating Cash Flow | 1.46B | 1.17B | 944.51M | 977.89M | 1.86B | 792.95M |
| Investing Cash Flow | -647.32M | -641.39M | -623.83M | -601.71M | -489.83M | -417.88M |
| Financing Cash Flow | -1.16B | -834.22M | -228.16M | -164.42M | -1.59B | -161.10M |
Range Resources Technical Analysis
Negative
41.71
Price Trends
42.76
Negative
40.20
Negative
38.20
Positive
Market Momentum
-0.62
Positive
36.17
Neutral
6.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RRC, the sentiment is Negative. The current price of 41.71 is above the 20-day moving average (MA) of 41.51, below the 50-day MA of 42.76, and above the 200-day MA of 38.20, indicating a neutral trend. The MACD of -0.62 indicates Positive momentum. The RSI at 36.17 is Neutral, neither overbought nor oversold. The STOCH value of 6.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | $9.24B | 10.26 | 20.93% | 1.00% | 23.03% | 239.04% | |
72 Outperform | $10.88B | 11.50 | 12.71% | ― | 24.26% | 323.40% | |
69 Neutral | $16.18B | 24.16 | 6.32% | 4.27% | -1.12% | -48.40% | |
68 Neutral | $15.64B | 19.41 | 7.11% | 3.16% | -0.59% | 32.83% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $5.11B | 61.53 | 1.64% | 4.15% | -5.06% | -77.54% | |
57 Neutral | $3.89B | 6.09 | 26.11% | ― | 44.84% | ― |
* Energy Sector Average
RRC
Range Resources
39.41
0.58
1.48%
CRK
Comstock Resources
13.65
-9.83
-41.87%
OVV
Ovintiv
55.81
20.27
57.05%
MUR
Murphy Oil
36.19
15.86
77.99%
AR
Antero Resources
35.81
-3.03
-7.80%
PR
Permian Resources
19.32
7.03
57.20%
Range Resources Corporate Events
Executive/Board ChangesShareholder Meetings
Range Resources Shareholders Back Board, Pay and Auditor
Positive
May 13, 2026
On May 13, 2026, Range Resources Corporation held its Annual Meeting of Stockholders, with a quorum of 217,983,195 of the 235,484,929 outstanding common shares present or represented. Stockholders elected all seven director nominees to one‑y...
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.