Want to see RRC full AI Analyst Report?
Top Page
Range Resources
(NYSE:RRC)
Select Model
Select Model
Rating:74Outperform
Price Target:
$42.00
▲(7.78% Upside)
Action:Reiterated
Date:07/22/26
The score is driven mainly by strong financial performance (high margins, improved leverage, and robust free cash flow) and a supportive earnings-call outlook featuring guided production growth, better realizations guidance, and continued buybacks/debt reduction. These positives are tempered by weaker technical signals (below key longer-term moving averages with negative MACD) and the ongoing commodity-cycle volatility highlighted in both financial history and management’s commentary.
Positive Factors
Strong cash generation and margins
High and consistent TTM operating and free cash flow, plus robust gross and net margins, provide durable internal funding for capex, buybacks and debt reduction. This cash-generation profile supports multi-year plans and cushions the business through commodity cycles.
Negative Factors
Commodity price cyclicality and volatility
Range’s revenue, margins and free cash flow remain tightly linked to volatile gas and NGL prices. That structural commodity exposure means cash flow and returns can swing materially across quarters and years, complicating long-term planning and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation and margins
High and consistent TTM operating and free cash flow, plus robust gross and net margins, provide durable internal funding for capex, buybacks and debt reduction. This cash-generation profile supports multi-year plans and cushions the business through commodity cycles.
Read all positive factors
Range Resources (RRC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.38B
Dividend Yield0.95%
Average Volume (3M)3.39M
Price to Earnings (P/E)11.0
Beta (1Y)0.32
Revenue Growth16.84%
EPS Growth82.31%
CountryUS
Employees564
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)3.64
Shares Outstanding233,679,520
10 Day Avg. Volume3,636,816
30 Day Avg. Volume3,393,329
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$44.73Price Target Upside14.79% Upside
Rating ConsensusHold
Number of Analyst Covering16
EPS Forecast (FY)4.11
Revenue Forecast (FY)$3.53B
Range Resources Business Overview & Revenue Model
Company Description
Range Resources Corporation (RRC) functions as an autonomous energy enterprise within the United States, concentrating its efforts on natural gas, natural gas liquids (NGLs), and crude oil. The company's core activities involve the exploration, gr...
How the Company Makes Money
Range Resources makes money primarily by producing hydrocarbons and selling them under physical sales arrangements tied to market pricing. Its main revenue streams are (1) natural gas sales and (2) natural gas liquids (NGL) sales, with (3) crude o...
Range Resources Earnings Call Summary
Earnings Call Date:Jul 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call emphasizes strong operational execution, record completion/drilling efficiencies, robust export-driven marketing results (notably NGL premiums and rising LNG feed gas), disciplined capital sequencing, and meaningful shareholder returns and balance sheet improvements. Near-term headwinds include a softer front-month gas curve, continued sub-investment grade credit rating, and modest drilling resequencing into 2027, but management presents clear plans to capture export demand, maintain guidance, and convert inventory optionality into long-term growth and free cash flow.Positive Updates
Production Growth and Guidance
Q2 production of 2.3 BCFe/d; on-track guidance to 2.4 BCFE/d in Q3 and 2.5 BCFE/d by year-end; multi-year plan target of ~2.6 BCFE/d in 2027 (~20% growth from plan announcement).
Negative Updates
Sequencing of Drilling into 2027
A portion of second-half 2026 drilling activity was moved into 2027 to accommodate higher completion throughput; while capital guidance is unchanged, this sequencing may slow activity late-2026 (Q4 activity expected to be lower than mid-year).
Read all updates
Q2-2026 Updates
Positive
Negative
Production Growth and Guidance
Q2 production of 2.3 BCFe/d; on-track guidance to 2.4 BCFE/d in Q3 and 2.5 BCFE/d by year-end; multi-year plan target of ~2.6 BCFE/d in 2027 (~20% growth from plan announcement).
Read all positive updates
Company Guidance
Range reiterated that production will ratably rise from 2.3 BCFe/d in Q2 to ~2.4 BCFe/d in Q3 and to 2.5 BCFe/d by year‑end 2026, with a multi‑year plan to reach ~2.6 BCFe/d in 2027 (≈20% growth), funded with similar capital pacing (Q2 CapEx $222M; company estimates sustaining 2.6 BCFe/d for < $600M annual D&C, or ~ $0.60/MCFE). Processing and related infrastructure commissioning in H2 should underpin the ramp, and Range improved commodity guidance—full‑year NGL premium to $2.50/bbl over Mont Belvieu (Q2 realized $3.49/bbl) and natural gas basis to $0.35–$0.40/Mcf versus Henry Hub. Operational sequencing shifts include drilling ~190,000 lateral feet in Q2, two frac crews completing ~1,900 stages (≳10 stages/day/crew; base contracted electric fleet ~14 stages/day), a single‑crew annualized rate >750,000 lateral feet, ~400,000 lateral feet of DUCs to be worked through in 2026–27, and average laterals of ~12–15k ft (some to 18–20k+). Financially Range returned capital of $105M in buybacks and $47M in dividends YTD (Q2 buybacks $78M, Q2 dividends $24M), reduced debt by $337M YTD, repurchased 35.9M shares (~10% fewer outstanding), and illustrated >$2.5B of free cash flow over three years at a $3.75 mid‑cycle gas price.Range Resources Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.31B | 2.99B | 2.35B | 2.54B | 5.33B | 3.58B |
| Gross Profit | 1.59B | 1.02B | 574.75M | 778.14M | 3.22B | 1.60B |
| EBITDA | 1.43B | 1.34B | 727.72M | 1.57B | 1.93B | 993.93M |
| Net Income | 860.35M | 658.02M | 266.34M | 871.14M | 1.18B | 411.78M |
Balance Sheet | ||||||
| Total Assets | 7.56B | 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 | 1.02B | 1.37B | 1.82B | 1.80B | 1.95B | 2.97B |
| Total Liabilities | 2.85B | 3.10B | 3.41B | 3.44B | 4.38B | 5.36B |
| Stockholders Equity | 4.71B | 4.32B | 3.94B | 3.77B | 2.88B | 2.09B |
Cash Flow | ||||||
| Free Cash Flow | 1.17B | 589.84M | 315.93M | 371.66M | 1.38B | 375.51M |
| Operating Cash Flow | 1.36B | 1.17B | 944.51M | 977.89M | 1.86B | 792.95M |
| Investing Cash Flow | -682.00M | -641.39M | -623.83M | -601.71M | -489.83M | -417.88M |
| Financing Cash Flow | -677.09M | -834.22M | -228.16M | -164.42M | -1.59B | -161.10M |
Range Resources Technical Analysis
Neutral
38.97
Price Trends
37.97
Positive
40.39
Negative
38.72
Negative
Market Momentum
0.43
Negative
51.15
Neutral
36.54
Neutral
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 38.97 is above the 20-day moving average (MA) of 38.04, above the 50-day MA of 37.97, and above the 200-day MA of 38.72, indicating a neutral trend. The MACD of 0.43 indicates Negative momentum. The RSI at 51.15 is Neutral, neither overbought nor oversold. The STOCH value of 36.54 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $9.38B | 11.03 | 19.30% | 0.98% | 16.84% | 82.31% | |
74 Outperform | $2.90B | 5.46 | 27.20% | ― | 49.58% | ― | |
73 Outperform | $11.11B | 10.30 | 13.86% | ― | 20.84% | 141.73% | |
68 Neutral | $6.20B | 12.83 | 8.74% | 2.83% | -2.91% | -47.92% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $7.80B | 28.28 | 2.16% | 2.53% | 27.35% | -66.88% | |
56 Neutral | $3.89B | 7.53 | 20.78% | ― | 17.31% | ― |
* Energy Sector Average
RRC
Range Resources
38.57
4.05
11.73%
CRK
Comstock Resources
13.21
-2.87
-17.85%
MTDR
Matador Resources
48.66
3.96
8.87%
SM
SM Energy
28.70
3.44
13.60%
AR
Antero Resources
34.90
1.82
5.50%
GPOR
Gulfport Energy
158.45
-10.27
-6.09%
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...
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.