Range Resources Corp (RRC)
NYSE:RRC
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Range Resources
(NYSE:RRC)
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Rating:72Outperform
Price Target:
$51.00
▲(9.47% 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
Balance Sheet Strength
Material deleveraging to a debt-to-equity near 0.29 materially reduces refinancing and solvency risk, improving financial flexibility to fund capex, opportunistic share repurchases, and withstand commodity cycles. A stronger balance sheet supports durable capital allocation choices.
Negative Factors
Commodity Price Volatility
Range's revenues and margins remain exposed to natural gas and NGL price swings and seasonal demand shifts. Even with strong operations, prolonged weak pricing or adverse curves can compress cash flow, delay reinvestment or buybacks, and weaken long-term earnings durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Material deleveraging to a debt-to-equity near 0.29 materially reduces refinancing and solvency risk, improving financial flexibility to fund capex, opportunistic share repurchases, and withstand commodity cycles. A stronger balance sheet supports durable capital allocation choices.
Read all positive factors
Range Resources (RRC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.97B
Dividend Yield1%
Average Volume (3M)3.58M
Price to Earnings (P/E)12.8
Beta (1Y)0.65
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. Volume3,864,887
30 Day Avg. Volume3,584,321
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 Cap1.13
Enterprise Value/Revenue4.14
Enterprise Value/Gross Profit11.71
Enterprise Value/Ebitda9.37
Forecast
1Y Price Target
$42.94Price Target Upside-7.83% Downside
Rating ConsensusHold
Number of Analyst Covering18
EPS Forecast (FY)3.75
Revenue Forecast (FY)$3.36B
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 28, 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
Positive
46.59
Price Trends
38.97
Positive
37.80
Positive
37.21
Positive
Market Momentum
1.94
Negative
75.74
Negative
88.29
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 46.59 is above the 20-day moving average (MA) of 42.78, above the 50-day MA of 38.97, and above the 200-day MA of 37.21, indicating a bullish trend. The MACD of 1.94 indicates Negative momentum. The RSI at 75.74 is Negative, neither overbought nor oversold. The STOCH value of 88.29 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $17.49B | 7.70 | 9.56% | 4.27% | 7.55% | -34.40% | |
74 Outperform | $17.04B | 8.12 | 11.86% | 3.16% | -8.07% | -87.88% | |
74 Outperform | $13.78B | 16.82 | 8.63% | ― | 17.05% | 1028.81% | |
72 Outperform | $10.97B | 12.75 | 15.87% | 1.00% | 23.88% | 20.55% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $5.71B | 42.92 | 2.03% | 4.15% | -13.92% | -68.34% | |
54 Neutral | $6.58B | 17.04 | 16.88% | ― | 35.41% | ― |
* Energy Sector Average
RRC
Range Resources
46.59
8.17
21.27%
CRK
Comstock Resources
22.39
2.56
12.91%
OVV
Ovintiv
60.14
18.00
42.71%
MUR
Murphy Oil
39.97
12.86
47.43%
AR
Antero Resources
44.67
5.14
13.00%
PR
Permian Resources
20.92
7.53
56.19%
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 ...
Business Operations and StrategyPrivate Placements and Financing
Range Resources to Redeem $600 Million Senior Notes
Positive
Jan 5, 2026
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 ...
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.