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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 positively driven by its Q3 2025 earnings beat, with quarterly earnings of $0.57 per share exceeding the Zacks Consensus Estimate of $0.5 per share. The company's production increased 1% quarter-over-quarter, leading to a minor upward adjustment to its full-year guidance. Additionally, its credit facility maturity date was extended by over three years, and bank commitments were increased by $500 million. Institutional investors, such as Janney Montgomery Scott LLC and Ethic Inc., have also shown interest in the company, purchasing stakes in Range Resources.

1.c. Company Highlights

2. Range Resources Beats Estimates, Outlines Growth Plan

Range Resources reported a strong third quarter 2025, with financial performance exceeding analyst estimates. The company's EPS came in at $0.57, surpassing the estimated $0.5. Revenue growth was robust, driven by a 2.2 Bcf equivalent per day production, with an average realized price of $3.59 per unit, a $0.20 premium to NYMEX natural gas prices. The company's all-in capital expenditure was $190 million, and year-to-date, it has invested $491 million, putting it on track to meet its previously improved guidance of $650 million to $680 million for the full year.

Publication Date: Oct -31

📋 Highlights
  • Capital Efficiency and Production Growth: Q3 capital of $190M and YTD $491M, with production expected to rise to 2.6 Bcf/day by 2027 (+20% from current levels).
  • Strong Realized Prices: Achieved $3.59/unit realized price, a $0.20 premium to NYMEX, with $177M in share repurchases and $175M net debt reduction in 2025.
  • NGL Demand Outlook: Anticipates 700K bbls/day NGL demand growth by 2026, with ethane demand at 400K bbls/day by year-end 2026.
  • Future Production Targets: Plans to maintain 2026 capital at similar levels, targeting 2.4 Bcf/day production in 2026 and 30 new wells over 3 years.
  • Operational Cost Control: Cash operating expenses remain below $0.12/Mcfe, with infrastructure (MPLX) supporting 3-year growth and 90% drilling efficiency targets.

Operational Highlights

The company's operational performance was also strong, with production expected to grow to 2.3 Bcf equivalent per day in Q4 and 2.6 Bcf equivalent per day in 2027, an increase of approximately 20% from current levels. Range's incremental production will be transported to known end markets, taking advantage of underutilized transportation capacity. The company plans to maintain capital expenditure at a similar level in 2026, with a focus on completing the DUC inventory built over the last couple of years.

Growth Plan and Outlook

Dennis Degner, CEO, stated that the company expects to add around 30 wells over the next 3 years, with production increasing to 2.4 Bcf day in 2026 and 2.6 Bcf day in 2027. The company is optimistic about NGL demand growth, with increasing run rates on previously commissioned infrastructure and 700,000 barrels per day of demand growth by year-end 2026. Ethane demand growth will be around 400,000 barrels per day by year-end 2026 and 260,000 barrels per day by the end of the decade.

Valuation and Metrics

Analysts estimate next year's revenue growth at 12.1%. The company's current valuation metrics are: P/E Ratio at 14.35, P/B Ratio at 1.95, P/S Ratio at 2.84, EV/EBITDA at 8.52, Dividend Yield at 1.01%, and Free Cash Flow Yield at 11.98%. The company's ROE is 14.13%, and ROIC is 9.98%. With a Net Debt / EBITDA ratio of 1.22, Range Resources appears to have a stable financial position. As Mark Scucchi mentioned, "Our balance sheet is pretty pristine," which is reflected in the company's ability to invest in growth opportunities while returning capital to shareholders.

3. NewsRoom

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Fisher Asset Management LLC Sells 211,392 Shares of Range Resources Corporation $RRC

Dec -03

Source: defenseworld.net

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The Next 3 Years Could Make Or Break Portfolios - Here's My Plan

Dec -02

Source: seekingalpha.com

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Range Declares Quarterly Dividend

Nov -28

Source: globenewswire.com

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From Marcellus Rock to Global Markets: How Range Resources Sits in the Middle of the Gas Boom Ahead

Nov -24

Source: fool.com

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Accordant Advisory Group Inc Takes Position in Range Resources Corporation $RRC

Nov -20

Source: defenseworld.net

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My Most Contrarian Call Yet: Energy Is About To Rewrite Wall Street's Playbook

Nov -17

Source: seekingalpha.com

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One Of The Best Energy Opportunities I've Seen In My Career - And Nobody Cares

Nov -02

Source: seekingalpha.com

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Oppenheimer Asset Management Inc. Buys 4,230 Shares of Range Resources Corporation $RRC

Nov -02

Source: defenseworld.net

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: 8.0

Growth: 3.3

Quality: 8.2

Yield: 5.0

Momentum: 5.0

Volatility: 5.7

1-Year Total Return ->

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Stock-Card
Range Resources

A-Score: 5.2/10

Value: 5.4

Growth: 3.2

Quality: 6.9

Yield: 1.0

Momentum: 8.5

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
CNX Resources

A-Score: 4.4/10

Value: 6.8

Growth: 3.1

Quality: 5.5

Yield: 0.0

Momentum: 4.0

Volatility: 7.0

1-Year Total Return ->

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Stock-Card
Comstock Resources

A-Score: 3.9/10

Value: 4.4

Growth: 2.1

Quality: 2.8

Yield: 1.0

Momentum: 10.0

Volatility: 3.0

1-Year Total Return ->

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Stock-Card
Southwestern Energy

A-Score: 3.7/10

Value: 5.1

Growth: 1.6

Quality: 4.7

Yield: 3.0

Momentum: 5.0

Volatility: 2.7

1-Year Total Return ->

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Stock-Card
Kosmos Energy

A-Score: 3.4/10

Value: 9.4

Growth: 5.2

Quality: 3.8

Yield: 0.0

Momentum: 0.5

Volatility: 1.7

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

39.6$

Current Price

39.6$

Potential

-0.00%

Expected Cash-Flows