Range Resources (NYSE:RRC) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Range Resources (NYSE:RRC) announced its quarterly earnings data on Tuesday. The oil and gas exploration company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.75 by $0.06, Briefing.com reports. The company had revenue of $842.83 million for the quarter, compared to analyst estimates of $795.19 million. During the same period last year, the business earned $0.57 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year.

Range Resources Stock Performance

RRC opened at $56.18 on Wednesday. The company’s fifty day moving average price is $41.32 and its two-hundred day moving average price is $40.01. Range Resources has a 1-year low of $32.68 and a 1-year high of $56.47.

Range Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, September 11th. This represents a $0.40 annualized dividend and a yield of 0.7%.

Insider Activity

In other news, Director Reginal Spiller sold 3,500 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $40.00, for a total transaction of $140,000.00. Following the completion of the sale, the director directly owned 13,421 shares of the company’s stock, valued at $536,840. The trade was a 20.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RRC. BMO Capital Markets restated a “market perform” rating on shares of Range Resources in a report on Monday, October 5th. Morgan Stanley set a $54.00 price objective on shares of Range Resources in a report on Tuesday. Scotiabank assumed coverage on shares of Range Resources in a research report on Wednesday, October 14th. They set a “sector perform” rating and a $42.00 price objective on the stock. Citigroup restated a “neutral” rating on shares of Range Resources in a research note on Thursday, July 23rd. Finally, Truist Financial decreased their target price on Range Resources from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.78.

Range Resources News Summary

Here are the key news stories impacting Range Resources this week:

• Positive Sentiment: Proposed EQT merger remains the main catalyst. EQT will exchange 0.987 shares of EQT stock for each Range share in a transaction expected to create a more than $50 billion natural-gas producer. The companies forecast approximately $325 million in annual synergies within two years, along with improved market access, greater scale and stronger cash-flow generation. The deal is targeted to close in the first quarter of 2027, subject to shareholder and regulatory approvals. Range Resources Surges After EQT Agrees to Buy the Company in All-Stock Deal
• Positive Sentiment: Range beat quarterly earnings expectations. Adjusted third-quarter earnings were $0.81 per diluted share, up from $0.57 a year earlier and above the Zacks consensus estimate of $0.70. GAAP net income rose 21% year over year to $175 million, while revenue increased 13% to $843 million. Range Resources Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Operating performance was strong. Record liquids production reached 133,173 barrels per day, cash flow from operations totaled $308 million, and cash flow before working-capital changes was $347 million. Cash margin increased to $1.52 per mcfe from $1.36 a year earlier, supported by higher NGL and oil realizations.
• Neutral Sentiment: Deal-related uncertainty remains. The merger depends on shareholder votes, regulatory clearances and successful integration. Because the consideration is entirely in EQT shares, Range’s implied value will continue to fluctuate with EQT’s stock price.
• Negative Sentiment: Shareholder law firms are reviewing the transaction. Kahn Swick & Foti and other firms are investigating whether the price and sale process adequately protect Range shareholders. Analysts have also questioned the strategic valuation of Range’s assets at current commodity prices. Range Resources Investor Alert

About Range Resources

Range Resources Corporation is an independent natural gas, natural gas liquids and oil exploration and production company. Its operations are concentrated in the Appalachian Basin, particularly the Marcellus Shale in southwestern Pennsylvania, where the company develops unconventional wells and produces natural gas, condensate and natural gas liquids.

The company’s activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing hydrocarbons.