Recent Updates — RRC

Range Resources Corporation reported third quarter 2026 GAAP net income of $175 million, or $0.75 per diluted share, driven by a $58 million mark-to-market derivative gain. Cash flow from operating activities totaled $308 million, while adjusted net income was $191 million ($0.81 per diluted share). The company produced an average of 2.50 Bcfe per day, including a record liquids production of 133,173 barrels per day. Capital expenditures were $170 million, representing approximately 25% of the annual budget. Range Resources Corporation is an independent natural gas and NGL producer focused in the Appalachian Basin.

EQT Corporation has entered into a definitive merger agreement to acquire Range Resources Corporation in an all-stock transaction valued at over $50 billion in pro forma enterprise value. Under the terms, each outstanding share of Range common stock will be exchanged for 0.987 shares of EQT common stock. Following closing, existing EQT shareholders are expected to own approximately 73% of the combined company, while Range shareholders will hold about 27%. The transaction is subject to approvals from both companies' boards and shareholders, as well as regulatory clearances including Hart-Scott-Rodino antitrust review, with an expected close in the first quarter of 2027. Range Resources Corporation is a leading U.S. independent natural gas and NGL producer focused on the Appalachian Basin.

Range Resources Corporation anticipates reporting a total gain on derivatives of $58.1 million for the three months ended September 30, 2026. The company expects to receive $51.9 million in net cash settlements from these instruments, driven by $52.8 million from natural gas derivatives and $3.6 million from natural gas basis derivatives, partially offset by losses of $3.7 million on oil derivatives and $0.8 million on NGLs derivatives. These figures are preliminary and will be finalized in the upcoming Quarterly Report on Form 10-Q. Range Resources Corporation is an independent energy company engaged in the exploration, development, and production of natural gas, oil, and natural gas liquids.

Range Resources Corporation reported second quarter 2026 results with GAAP net income of $195 million ($0.83 per diluted share) and cash flow from operating activities of $235 million. The company repurchased 2,000,000 shares during the quarter and paid $24 million in dividends. Range Resources is an independent natural gas and NGL producer focused in the Appalachian Basin.

Range Resources Corporation expects to report a $73.5 million total gain on derivatives for the three months ended June 30, 2026. The company anticipates a total net cash receipt from derivative settlements of $35.288 million, comprising $51.024 million from natural gas derivatives, $1.765 million from natural gas basis derivatives, and net cash outflows of $10.311 million for oil derivatives and $7.190 million for NGLs derivatives. Range Resources Corporation is an energy company focused on natural gas and oil production.