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Stock impact report

Range Resources Plans Flat Production Target in 2024 [Yahoo! Finance]

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: Yahoo! Finance
The Fort Worth-based company, with proven reserves of 18.1 Tcfe in the Marcellus Shale, produced an average of 2.14 Bcfe/d in 2023 and recorded $941 million in revenue, beating market expectations by $260 million. “Our year-end reserves update and 16th consecutive year of positive performance revisions points to the repeatable nature of our Marcellus inventory,” said Dennis Degner, Range Resources' CEO. “As we look towards the year ahead, you will hear those themes repeated, and I believe the resilience that our business has in a lower price environment will be a key differentiator for Range.” Executives for the company emphasized operational flexibility for the years ahead, adjusting to a market that currently has natural gas prices dropping close to $1.50/MMBtu while preparing for a future with growing LNG exports and other demands. “As we look on the program going forward in the inventory build that would support our setup for 2025, we see that we'll have the flexibility to Show less Read more
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