Range Announces First Quarter 2024 Results
Range Resources Corporation (RRC)
Last range resources corporation earnings: 4/30 05:30 pm
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US:NYSE Investor Relations:
ir.rangeresources.com
Company Research
Source: GlobeNewswire
FORT WORTH, Texas, April 23, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2024 financial results. First Quarter 2024 Highlights – Cash flow from operating activities of $332 millionCash flow from operations, before working capital changes, of $308 millionCapital spending was $170 million, approximately 26% of the 2024 budgetPre-hedge NGL realizations of $26.24 per barrel – premium of $1.91 over Mont Belvieu equivalentNatural gas differentials, including basis hedging, averaged ($0.09) per mcf to NYMEXProduction averaged 2.14 Bcfe per day, approximately 68% natural gasNet debt reduced below $1.5 billion Commenting on the results, Dennis Degner, the Company’s CEO said, “Range had a successful first quarter with efficient operations, consistent well performance and opportunistic NGL marketing allowing Range to generate strong free cash flow in a price environment that we believe is well below mid-cycle prices. With the strongest
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News
- Range Resources Co. (NYSE: RRC) had its price target raised by analysts at Jefferies Financial Group Inc. from $32.00 to $34.00. They now have a "hold" rating on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) had its price target raised by analysts at Piper Sandler from $41.00 to $43.00. They now have an "overweight" rating on the stock.MarketBeat
- Range Resources Co. (NYSE: RRC) had its "buy" rating re-affirmed by analysts at Mizuho. They now have a $41.00 price target on the stock, up previously from $39.00.MarketBeat
- Range Resources Co. (NYSE: RRC) was downgraded by analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating. They now have a $39.00 price target on the stock, up previously from $36.00.MarketBeat
- Range Resources Corporation (NYSE:RRC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
RRC
Earnings
- 4/23/24 - Beat
RRC
Sec Filings
- 5/1/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 144
- RRC's page on the SEC website