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Stock impact report

Range Announces First Quarter 2020 Financial Results

Range Resources Corporation (RRC) 
Last range resources corporation earnings: 4/30 05:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.rangeresources.com
Company Research Source: GlobeNewswire
FORT WORTH, Texas, April 30, 2020 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2020 financial results.  First Quarter Highlights – GAAP cash flow provided from operating activities of $125 million, and non-GAAP cash flow of $125 millionGAAP net income of $145 million ($0.58 per diluted share), and non-GAAP net income of $10 million ($0.04 per diluted share)Cash unit costs of $1.93 per mcfe, an improvement of $0.20 per mcfe versus prior-year periodNatural gas differentials, including basis hedging, averaged $0.12 per mcf below NYMEXNGL differential of $1.30 per barrel above Mont Belvieu, best in recent Company historyIn January, issued $550 million senior notes due 2026, with proceeds used to redeem $500 million senior notes due 2021 and 2022In March, Range’s $3.0 billion borrowing base and $2.4 billion elected commitment were reaffirmedProduction averaged 2,294 Mmcfe per day, approximately 70% natural gasSouthwest Pennsylvania prod Show less Read more
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