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1. Company Snapshot

1.a. 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 December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States.


It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.The company was formerly known as Lomak Petroleum, Inc.and changed its name to Range Resources Corporation in 1998.


Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.

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1.b. Last Insights on RRC

Range Resources Corporation's recent performance was driven by strong Q4 earnings, beating estimates with $0.82 per share, and a 71% increase in Citigroup Inc.'s stake. The company raised its production guidance, citing higher production and increased gas prices. Additionally, Range announced a 10-year supply agreement and a $1.5 billion share repurchase authorization. The company also increased its quarterly dividend by 11% to $0.10 per share, demonstrating its commitment to returning capital to shareholders. Its 2026 guidance includes production growth to 2.35-2.40 Bcfe per day.

1.c. Company Highlights

2. Range Resources Delivers Strong Q4 2025 Earnings

Range Resources reported a robust financial performance in Q4 2025, with actual EPS coming in at $0.82, beating estimates of $0.68. The company's revenue growth was fueled by its efficient operations, with production reaching 2.3 Bcf equivalent per day for the quarter. For the full year 2025, Range invested $674 million in capital, generating production of approximately 2.24 Bcf equivalent per day. The company's all-in capital came in at $183 million, and it maintained a steady activity level, operating 2 horizontal rigs and drilling approximately 225,000 horizontal feet across 15 laterals.

Publication Date: Feb -26

📋 Highlights
  • 2025 Capital Efficiency:: $674M invested in capital with 2.24 Bcf/day production, achieving 2.3 Bcf/day in Q4 2025 at $183M all-in capital.
  • Drilling Performance:: 15 laterals drilled at 14,800 ft avg. length, completing 3,800 frac stages with 9.7 stages/day efficiency in 2025.
  • 2026 Capital Outlook:: $650–700M budget, including $500M maintenance, $120–140M growth, and $15–35M land/infrastructure, targeting 2.6 Bcf/day production by end-2026.
  • Financial Returns:: $1.3B cash flow (pre-WC) and $650M free cash flow in 2025, funding $231M share buybacks and $86M dividends, reducing net debt by $186M.
  • Export Momentum:: LNG exports rose 10% QoQ to 17 Bcf/day in Q4 2025, while waterborne ethane exports surged 40% YoY to 622,000 barrels/day.

Operational Efficiencies

Range achieved significant operational efficiencies in 2025, with completion efficiencies approaching 10 frac stages per day per crew. The company drilled 69 laterals with an average horizontal length of 14,800 feet, exceeding 1 million lateral feet drilled. The supply chain team also completed the annual RFP for services process, resulting in pricing for 2026 drilling and completions materials and services that are flat to slightly lower than 2025 levels. As Dennis Degner mentioned, "We've built a low capital-intensive business with 1.5 drilling rigs and 1.5 frac crews, allowing us to generate free cash flow and thoughtful wage of growth through the next couple of years."

2026 Outlook

Range's production profile for 2026 is expected to be similar to prior years, with a step-up in the second half of the year due to the commissioning of gathering and processing expansions. The company plans to continue an operationally efficient program, running a single full-time super-spec drilling rig paired with a second rig utilized throughout the second half of the year. The all-in capital budget for 2026 is $650 million to $700 million, consisting of $500 million of maintenance D&C capital, $120 million to $140 million of D&C growth capital, $15 million to $35 million in land for targeted acreage, and $15 million to $25 million for software and production facility upgrades.

Valuation

With a P/E Ratio of 14.15 and an EV/EBITDA of 8.77, Range Resources appears to be reasonably valued. Analysts estimate next year's revenue growth at 10.6%, which suggests that the company's current valuation multiples may be justified. Additionally, the company's Free Cash Flow Yield is 9.99%, indicating a strong ability to generate cash for shareholders. The ROE of 15.87% and ROIC of 12.8% also demonstrate the company's ability to generate returns on equity and invested capital.

Return of Capital

Range Resources has a history of returning capital to shareholders, with $86 million in dividends and $231 million in share repurchases in 2025. The company expects to increase the quarterly dividend by $0.01 per share or 11% at the next announcement. The company's robust inventory and relatively low capital intensity provide a differentiated foundation for generating through-cycle returns for investors.

3. NewsRoom

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Citigroup Inc. Raises Stock Holdings in Range Resources Corporation $RRC

Mar -01

Source: defenseworld.net

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Range Resources Beats on Q4 Earnings, Raises Production Guidance

Feb -27

Source: zacks.com

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Range Increases Quarterly Dividend By 11%

Feb -27

Source: globenewswire.com

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Range Resources Corporation (RRC) Q4 2025 Earnings Call Transcript

Feb -25

Source: seekingalpha.com

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Range Resources (RRC) Q4 Earnings and Revenues Top Estimates

Feb -25

Source: zacks.com

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Range Announces Fourth Quarter 2025 Results and 2026 Guidance

Feb -24

Source: globenewswire.com

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Range Resources Corporation (NYSE:RRC) Receives Consensus Rating of “Hold” from Analysts

Feb -05

Source: defenseworld.net

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This Isn't An AI Bubble - It's An $85 Trillion Infrastructure Boom

Jan -29

Source: seekingalpha.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.13%)

6. Segments

Natural Gas

Expected Growth: 10%

Range Resources Corporation's 10% growth in natural gas is driven by increasing demand from power generation and industrial sectors, coupled with strategic acquisitions and divestitures, improved operational efficiencies, and a favorable pricing environment. Additionally, the company's focus on low-cost production and disciplined capital allocation contribute to its growth momentum.

Natural Gas Liquids

Expected Growth: 11%

Range Resources Corporation's 11% growth in Natural Gas Liquids is driven by increasing demand from petrochemical and refining industries, strategic acreage positions in the Marcellus and North Louisiana regions, and efficient operational execution. Additionally, the company's focus on reducing costs and improving well productivity has enhanced its competitiveness in the market.

Purchased Natural Gas

Expected Growth: 9%

Range Resources Corporation's 9% growth in purchased natural gas is driven by increasing demand from power generation and industrial customers, coupled with strategic acquisitions and exploration activities. Additionally, favorable weather conditions, rising LNG exports, and declining production costs also contribute to this growth.

Oil and Condensate

Expected Growth: 8%

Range Resources Corporation's 8% growth in Oil and Condensate is driven by increased production from its Appalachian Basin assets, improved well completion techniques, and enhanced oil recovery methods. Additionally, the company's strategic acreage acquisitions and favorable commodity pricing have contributed to the growth.

Other Marketing Revenue and Other Income

Expected Growth: 7%

Range Resources Corporation's 7% growth in Other Marketing Revenue and Other Income is driven by increased demand for natural gas liquids, expansion of midstream services, and strategic partnerships. Additionally, optimization of transportation and storage assets, as well as favorable market conditions, contribute to this growth.

Interest Income

Expected Growth: 6%

Range Resources Corporation's 6% interest income growth is driven by increasing natural gas production, rising commodity prices, and strategic asset acquisitions. Additionally, the company's focus on cost reduction and operational efficiencies has led to improved margins, contributing to the growth in interest income.

Purchased Natural Gas Liquids

Expected Growth: 9%

Range Resources Corporation's 9% growth in Purchased Natural Gas Liquids is driven by increasing demand for clean energy, strategic acquisitions, and improved operational efficiencies. Additionally, favorable market conditions, including rising prices and growing production volumes, contribute to this growth.

7. Detailed Products

Natural Gas

Range Resources Corporation is a leading independent natural gas and oil company, with a focus on the exploration, development, and production of natural gas and oil resources.

Crude Oil

Range Resources Corporation produces crude oil, a key component in the production of petroleum products such as gasoline, diesel fuel, and jet fuel.

Natural Gas Liquids (NGLs)

Range Resources Corporation produces NGLs, which are used as a feedstock for petrochemical plants, as a fuel, and as a component in the production of plastics and other products.

Condensate

Range Resources Corporation produces condensate, a type of light oil that is used as a feedstock for refineries and as a fuel.

8. Range Resources Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

Range Resources Corporation operates in the oil and gas industry, which has few substitutes. However, the increasing focus on renewable energy sources and energy efficiency could pose a threat to the company's operations.

Bargaining Power Of Customers

Range Resources Corporation sells its products to a diverse range of customers, including utilities, industrial companies, and other energy companies. The bargaining power of customers is low due to the lack of concentration in the customer base.

Bargaining Power Of Suppliers

Range Resources Corporation relies on a few key suppliers for its drilling and extraction operations. While the company has some bargaining power due to its size, the suppliers also have some bargaining power due to the specialized nature of their products and services.

Threat Of New Entrants

The oil and gas industry has high barriers to entry, including significant capital requirements and regulatory hurdles. This makes it difficult for new entrants to enter the market and compete with established players like Range Resources Corporation.

Intensity Of Rivalry

The oil and gas industry is highly competitive, with many established players competing for market share. Range Resources Corporation faces intense competition from other companies in the industry, which can lead to downward pressure on prices and profit margins.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 32.36%
Debt Cost 8.75%
Equity Weight 67.64%
Equity Cost 13.19%
WACC 11.75%
Leverage 47.85%

11. Quality Control: Range Resources Corporation passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
California Resources

A-Score: 5.9/10

Value: 8.4

Growth: 3.3

Quality: 7.7

Yield: 6.0

Momentum: 4.0

Volatility: 5.7

1-Year Total Return ->

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Range Resources

A-Score: 5.2/10

Value: 6.0

Growth: 3.2

Quality: 6.9

Yield: 1.0

Momentum: 8.0

Volatility: 6.0

1-Year Total Return ->

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CNX Resources

A-Score: 4.5/10

Value: 6.5

Growth: 3.1

Quality: 5.2

Yield: 0.0

Momentum: 5.0

Volatility: 7.0

1-Year Total Return ->

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Southwestern Energy

A-Score: 3.9/10

Value: 5.1

Growth: 1.6

Quality: 4.7

Yield: 3.0

Momentum: 6.0

Volatility: 3.0

1-Year Total Return ->

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Comstock Resources

A-Score: 3.7/10

Value: 2.0

Growth: 2.1

Quality: 4.3

Yield: 1.0

Momentum: 10.0

Volatility: 3.0

1-Year Total Return ->

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Kosmos Energy

A-Score: 3.3/10

Value: 9.8

Growth: 5.2

Quality: 3.1

Yield: 0.0

Momentum: 0.0

Volatility: 2.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

43.52$

Current Price

43.52$

Potential

-0.00%

Expected Cash-Flows