Financial PerformanceRRC delivered solid Q2 results and improved FY24 guidance, backed by strong well performance, efficiency gains, and favorable LPG pricing.
Production And Cost ManagementRRC is guiding to the high end of its annual production range while maintaining capex guidance and reducing operating expenses, indicating efficient operations and potential for increased free cash flow.
Shareholder ReturnsRRC retired $48 million of debt and repurchased $20 million worth of shares, signaling a strong financial position and commitment to returning capital to shareholders.