Range Resources Q4 adjusted net income beats estimates

Reuters02-25
Range Resources Q4 adjusted net income beats estimates

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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