RANGE RESOURCES CORP SEC 10-Q Report

Range Resources Corp, a leading independent natural gas, natural gas liquids (NGLs), and oil producer, has released its latest 10-Q report, showcasing significant improvements in both financial and operational performance for the second quarter and first half of 2025. The company's robust results are driven by higher realized prices, increased production volumes, and strategic operational efficiencies.

Financial Highlights

Total Revenues and Other Income: Range Resources Corp reported total revenues and other income of $856.3 million for the second quarter of 2025, marking a 62% increase from the same period in 2024. This growth is attributed to higher realized prices and production volumes.

Net Income: The company achieved a net income of $237.6 million, a substantial rise from $28.7 million in the same period of 2024. This increase is primarily due to higher realized prices and a significant unrealized derivative fair value gain.

Net Income Per Common Share - Diluted: Net income per common share diluted was $0.99, compared to $0.12 in the same period of 2024, reflecting improved profitability.

Total Revenues and Other Income (Six Months Ended): For the first half of 2025, total revenues and other income were $1,546.8 million, up 32% from the same period in 2024, driven by higher commodity prices and production.

Net Income (Six Months Ended): Net income for the six months ended June 30, 2025, was $334.6 million, compared to $120.8 million in the same period of 2024, due to increased realized prices.

Net Income Per Common Share - Diluted (Six Months Ended): Net income per common share diluted for the first half of 2025 was $1.39, compared to $0.49 in the same period of 2024, indicating strong earnings growth.

Business Highlights

Revenue Segments: The company reported revenue from natural gas, NGLs, and oil sales. For the three months ended June 30, 2025, natural gas sales contributed $397.96 million, NGLs $238.03 million, and oil $30.65 million. For the six months ended June 30, 2025, natural gas sales were $888.33 million, NGLs $513.69 million, and oil $56.54 million.

Sales Units: Production volumes for the three months ended June 30, 2025, included 136.3 million mcf of natural gas, 10.03 million barrels of NGLs, and 580,791 barrels of oil. For the six months ended June 30, 2025, production volumes were 272.3 million mcf of natural gas, 19.95 million barrels of NGLs, and 1.00 million barrels of oil.

Operational Efficiency: Direct operating expenses per mcfe decreased to $0.11 during the second quarter of 2025 compared to $0.12 in the same period of 2024, attributed to increased production.

Transportation and Processing Costs: Transportation, gathering, processing, and compression expenses increased to $304.7 million in the second quarter of 2025 from $281.5 million in the same period of 2024, primarily due to higher NGLs volumes and electricity costs.

Future Outlook: The company expects commodity prices to remain volatile but believes it is well-positioned to manage these fluctuations through disciplined capital investments, maintaining a competitive cost structure, and managing price risk through partial hedging of production.

Market Conditions: Range Resources noted an increase in natural gas prices in the first six months of 2025 due to winter weather and larger exports from new U.S. LNG export facilities, with expectations for continued strong demand growth for U.S. LNG exports.

Operational Strategy: The company continues to focus on creating long-term value for stockholders and positioning itself as a responsible and reliable supplier of natural gas and NGLs, with a focus on high-quality assets in Pennsylvania.

SEC Filing: RANGE RESOURCES CORP [ RRC ] - 10-Q - Jul. 22, 2025