Overview
U.S. natural gas producer's Q4 adjusted net income beat analyst expectations
Q4 revenue reported at $820 mln
Company increased share repurchase authorization to $1.5 bln
Outlook
Range Resources expects 2026 capital spending of $650-700 mln
Company forecasts 2026 production of 2.35-2.40 Bcfe per day
Result Drivers
PRODUCTION CAPACITY - Range's strategic investments in production capacity supported efficient production growth, according to CEO Dennis Degner
CONTRACTED SALES - Signed 10-year supply agreement for 75 Mmcf per day for a Midwest power plant, enhancing margin
Company press release: ID:nGNX7MYQkw
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | $820 mln | ||
Q4 Adjusted Net Income | Beat | $195 mln | $170.74 mln (15 Analysts) |
Q4 Net Income | $179 mln | ||
Q4 Cash Flow from Operations | $353 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 19 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy."
Wall Street's median 12-month price target for Range Resources Corp is $41.00, about 6.3% above its February 23 closing price of $38.58
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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