
Sector: United States — oil & gas exploration & production
Geography: United States
US_EP_RRC
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: sec_companyfacts/315852
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | 759.6 y/y -11.3% | 201.4 y/y -33.3% | 93.1 y/y 1.7% | 294.5 y/y -25.2% | 195.3 y/y -17.8% | 235.0 | -181.5 | 7561.9 y/y 6.4% | 4708.7 y/y 14.1% | 16.8% | ≈ 631.7 | Link |
| 2026-03-31 | Q1 2026 (3M) | OK | 1034.2 y/y 49.8% | 433.2 y/y 294.7% | 88.5 y/y -2.2% | 521.7 y/y 160.5% | 341.6 y/y 252.0% | 619.1 | -158.3 | 7404.9 y/y 0.3% | 4602.4 y/y 16.8% | 30.6% | 631.7 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 820.2 y/y 30.9% | 236.6 y/y 269.5% | 94.6 y/y 2.3% | 331.2 y/y 111.6% | 179.1 y/y 88.8% | 257.5 | -148.1 | 7421.9 y/y 1.0% | 4318.7 y/y 9.7% | 15.4% | 1168.6 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 748.5 y/y 21.7% | 183.3 y/y 176.8% | 93.8 y/y 2.9% | 277.1 y/y 76.1% | 144.3 y/y 184.9% | 247.5 | -153.4 | 7197.8 y/y -0.6% | 4203.5 y/y 8.7% | 4.6% | 1198.1 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 856.3 y/y 61.5% | 302.0 y/y 2917.4% | 91.5 y/y 4.5% | 393.6 y/y 303.2% | 237.6 y/y 727.7% | 336.2 | -147.3 | 7105.1 y/y -2.2% | 4126.7 y/y 6.9% | 23.6% | 1250.1 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 690.6 y/y 7.0% | 109.7 y/y -0.6% | 90.6 y/y 3.9% | 200.3 y/y 1.4% | 97.1 y/y 5.3% | 330.1 | -132.7 | 7382.7 y/y 0.1% | 3939.4 y/y 2.9% | 9.9% | 1455.0 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 626.4 y/y -33.5% | 64.0 y/y — | 92.5 y/y — | 156.5 y/y — | 94.8 y/y -69.4% | 217.9 | -138.2 | 7347.7 y/y 2.0% | 3936.7 y/y 4.5% | 6.8% | 1516.3 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 615.1 y/y 0.9% | 66.2 y/y 1.7% | 91.1 y/y 4.0% | 157.4 y/y 3.0% | 50.7 y/y 2.5% | 245.9 | -146.2 | 7241.3 y/y 5.8% | 3868.1 y/y 12.2% | 1.7% | 1551.2 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 530.1 y/y -16.8% | 10.0 y/y — | 87.6 y/y — | 97.6 y/y — | 28.7 y/y -5.1% | 148.8 | -153.2 | 7266.2 y/y 7.0% | 3861.0 y/y 14.0% | 3.0% | 1589.6 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 645.5 y/y -45.6% | 110.3 y/y — | 87.1 y/y — | 197.5 y/y — | 92.1 y/y -80.9% | 331.9 | -132.9 | 7371.8 y/y 7.1% | 3826.8 y/y 15.8% | 9.7% | 1564.5 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 941.8 y/y — | — y/y — | — y/y — | — y/y — | 310.0 y/y — | 226.1 | — | 7203.9 y/y — | 3765.6 y/y — | 24.2% | 1589.9 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 609.7 y/y — | 65.1 y/y — | 87.6 y/y — | 152.7 y/y — | 49.4 y/y — | 150.3 | -144.0 | 6845.9 y/y — | 3447.6 y/y — | 1.9% | 1610.6 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 637.0 y/y — | — y/y — | — y/y — | — y/y — | 30.2 y/y — | — | — | 6790.2 y/y — | 3387.6 y/y — | 3.6% | — | Link |
| 2023-03-31 | Q1 2023 (3M) | PARTIAL | 1186.4 y/y — | — y/y — | — y/y — | — y/y — | 481.4 y/y — | 475.0 | — | 6882.3 y/y — | 3305.5 y/y — | — | — | Link |
| Short-term debt (incl. ST leases) | 59 |
| Long-term debt (incl. LT leases) | 819 |
| − Cash & equivalents | 247 |
| Net debt | 632 |
|---|
Net debt / LTM EBITDA: 0.4x
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
Oil and Gas E and P
| Year | Reserves, mln cfe |
|---|---|
| 2025 | 18 141 900 |
| 2024 | 18 131 500 |
| 2023 | 18 113 100 |
| 2022 | 18 077 700 |
| 2021 | 17 775 500 |
| 2020 | 17 203 100 |
| 2019 | 18 192 000 |
| 2018 | 18 072 400 |
| Year | Production, mln cfe | per day |
|---|---|---|
| 2026 | 209 893 * (6M) −77.1% | 1 149 311 431 |
| 2025 | 1 539 233 −1.6% | 4 217 075 616 |
| 2024 | 1 564 445 +12.7% | 4 286 150 685 |
| 2023 | 1 388 051 −27.2% | 3 802 879 452 |
| 2022 | 1 906 800 +41.3% | 5 224 109 589 |
| 2021 | 1 349 174 −13.6% | 3 696 367 123 |
| 2020 | 1 561 561 +52.7% | 4 278 249 315 |
| 2019 | 1 022 882 | 2 802 416 438 |
* partial year
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Current 3spot vs LTM -21%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -24.4% ▼ -6.7 pp 1d
Main driver: Henry Hub Gas -21% vs LTM; revenue ×0.89 vs costs ×1.03; EBITDA 1 486→1 048; at 7.4× EV/EBITDA → -24%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Henry Hub Gas (rev) | +65% | 2.67 | 3.37 | 3.11 | -21% | -8% |
| Propane (Texas, USD/gallon) (rev) | +25% | 0.73 | 0.69 | 0.77 | +5% | +11% |
| WTI Crude Oil (rev) | +10% | 78.78 | 72.31 | 76.29 | +9% | +5% |
| Henry Hub Gas (cost) | -5% | 2.67 | 3.37 | 3.11 | -21% | -8% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 3 362 |
| LTM EBITDA | 1 486 |
| LTM cash costs (revenue − EBITDA) | 1 876 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×0.885 (-11%) |
| = Spot revenue | 2 976 |
| Revenue multiplier — 3y price | ×0.982 (-2%) |
| = 3-year-price revenue | 3 302 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.028 (+3%) |
| = Spot cash costs | 1 928 |
| Cost multiplier — 3y price | ×1.034 (+3%) |
| = 3-year-price cash costs | 1 940 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 1 048 |
| = 3-year-price EBITDA | 1 362 |
| Conservative EBITDA = min(spot, avg) | 1 048 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 7.4x |
| Target EV = EV/EBITDA × conservative EBITDA | 7 757 |
| Net debt | 881 |
| Hedge book at scenario price (net debt adjustment) | +296 $M |
| Target market cap = EV − net debt | 7 172 |
| Current market cap | 9 492 |
Upside = target market cap ÷ current − 1 = -24.4%
Life of mine: 22 yrs
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 Q3 | 610 | 746 | -18.3% | 153 | 273 | -44.0% |
| 2023 Q4 | 941 | 879 | +7.0% | 727 | 433 | +68.0% |
| 2024 Q1 | 645 | 755 | -14.5% | 197 | 331 | -40.4% |
| 2024 Q2 | 530 | 679 | -21.9% | 98 | 264 | -63.0% |
| 2024 Q3 | 615 | 632 | -2.7% | 157 | 237 | -33.6% |
| 2024 Q4 | 635 | 794 | -20.0% | 403 | 392 | +2.8% |
| 2025 Q1 | 691 | 860 | -19.7% | 200 | 447 | -55.2% |
| 2025 Q2 | 856 | 712 | +20.2% | 394 | 295 | +33.6% |
| 2025 Q3 | 749 | 662 | +13.1% | 277 | 241 | +14.8% |
| 2025 Q4 | 820 | 786 | +4.3% | 331 | 358 | -7.6% |
| 2026 Q1 | 1 034 | 730 | +41.6% | 522 | 242 | +115.4% |
| 2026 Q2 | 760 | 837 | -9.3% | 356 | 346 | +2.9% |
FY blocks below combine SEC XBRL tags (revenue & selected expense lines), plus production / reserves notes sourced to Form 10-K or company filings where cited.
Production and proved reserves in the FY blocks are keyed from supplemental 10-K tables after each filing is wired in. Automated SEC revenue/expense tags for the newest FY often appear before operational volumes and reserves for that same year.
Reserves life (R/P): 22.1 yr
| FY end | Crude oil equivalent (net, Mboe/d) | Proved reserves (net, MMboe) | Proved developed (net, MMboe) | Proved undeveloped (net, MMboe) |
|---|---|---|---|---|
| 2025-12-31 | 373.3 | 3,016.7 | — | — |
FY2025 production 2.24 Bcfe/d and proved reserves 18.1 Tcfe from Range press release. Converted at 6 Mcf per boe: Mboe/d = Bcfe/d × 1000 ÷ 6; MMboe = Bcfe ÷ 6.
| Line item | Amount |
|---|---|
| Crude oil equivalent (net, Mboe/d) | 373.3 |
| Proved reserves (net, MMboe) | 3,016.7 |
Sources
Volumes and per-unit realized sales prices come from the issuer's latest Form 10-K production-and-pricing table. Implied product revenue = volume × price; mix shares feed the spot 12-month forecast above.
FY2025 10-K Items 1-2 'Production, Sales Price and Production Costs' (rrc-20251231.htm). Sales prices exclude derivatives and third-party TGP/processing.
| Product | Annual volume | Avg realized price | Implied revenue (USDm) | Share of implied revenue |
|---|---|---|---|---|
| Crude oil | 2 MMBbls | 53.68 USD/bbl | 106.1 | 3.8% |
| Natural gas | 560,892 MMcf | 3.08 USD/Mcf | 1,727.5 | 61.4% |
| NGLs | 40.6 MMBbls | 24.15 USD/bbl | 979.3 | 34.8% |
| Total (implied product revenue) | 2,812.9 | 100.0% |
| Line item | Amount | |
|---|---|---|
| Total revenues (consolidated) | 3,115.5 | USD mln |
| Line item | Amount | |
|---|---|---|
| Lease & well expenses (LOE) | 102.6 | USD mln |
| Depreciation, depletion & amortization | 370.5 | USD mln |
| General & administrative | 178.3 | USD mln |
| Exploration expense | 30.2 | USD mln |
| Interest expense | 104.9 | USD mln |
| Impairment — oil & gas properties | 0 | USD mln |
| Income tax expense (benefit) | 173.7 | USD mln |
| Total costs and expenses (consolidated) | 2,283.8 | USD mln |
Primary SEC filing for this FY (HTML)
No production / reserves detail wired for this fiscal year yet.
| Line item | Amount | |
|---|---|---|
| Total revenues (consolidated) | 2,417.1 | USD mln |
| Line item | Amount | |
|---|---|---|
| Lease & well expenses (LOE) | 99.7 | USD mln |
| Depreciation, depletion & amortization | 358.4 | USD mln |
| General & administrative | 172.1 | USD mln |
| Exploration expense | 26.8 | USD mln |
| Interest expense | 118.8 | USD mln |
| Impairment — oil & gas properties | 0 | USD mln |
| Income tax expense (benefit) | -15.7 | USD mln |
| Total costs and expenses (consolidated) | 2,166.5 | USD mln |
Primary SEC filing for this FY (HTML)
No production / reserves detail wired for this fiscal year yet.
| Line item | Amount | |
|---|---|---|
| Total revenues (consolidated) | 3,374.9 | USD mln |
| Line item | Amount | |
|---|---|---|
| Lease & well expenses (LOE) | 97 | USD mln |
| Depreciation, depletion & amortization | 350.2 | USD mln |
| General & administrative | 164.7 | USD mln |
| Exploration expense | 26.5 | USD mln |
| Interest expense | 124 | USD mln |
| Income tax expense (benefit) | 229.2 | USD mln |
| Total costs and expenses (consolidated) | 2,274.5 | USD mln |
Primary SEC filing for this FY (HTML)
Current 6.1x · 3-year average 16.4x
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-06-12 | 0.1 USD | Ex-dividend: 0.1 USD per share | Paid | Yahoo Finance (ex-div) |
| 2026-03-13 | 0.1 USD | Ex-dividend: 0.1 USD per share | Paid | Yahoo Finance (ex-div) |
| 2025-12-12 | 0.09 USD | Ex-dividend: 0.09 USD per share | Paid | Yahoo Finance (ex-div) |
| 2025-09-12 | 0.09 USD | Ex-dividend: 0.09 USD per share | Paid | Yahoo Finance (ex-div) |
| 2025-06-13 | 0.09 USD | Ex-dividend: 0.09 USD per share | Paid | Yahoo Finance (ex-div) |
| 2025-03-14 | 0.09 USD | Ex-dividend: 0.09 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-12-13 | 0.08 USD | Ex-dividend: 0.08 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-09-13 | 0.08 USD | Ex-dividend: 0.08 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-06-14 | 0.08 USD | Ex-dividend: 0.08 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-03-14 | 0.08 USD | Ex-dividend: 0.08 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-12-14 | 0.08 USD | Ex-dividend: 0.08 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-09-14 | 0.08 USD | Ex-dividend: 0.08 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-06-15 | 0.08 USD | Ex-dividend: 0.08 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-03-14 | 0.08 USD | Ex-dividend: 0.08 USD per share | Paid | Yahoo Finance (ex-div) |
| 2022-12-14 | 0.08 USD | Ex-dividend: 0.08 USD per share | Paid | Yahoo Finance (ex-div) |
| 2022-09-14 | 0.08 USD | Ex-dividend: 0.08 USD per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Investor reporting (IR): https://ir.rangeresources.com/
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Range Resources Corporation (RRC) — from primary filings.
Appalachian Basin independent producer of natural gas, NGLs, and oil.