NYSE: RRC
RANGE RESOURCES CORPCIK 0000315852 · SIC 1311 · Crude Petroleum & Natural Gas
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Range Resources reports Q2 2026: $333M operating cash flow, $102M shareholder returns
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revenue $833.6M, net income $195.3M. Range Resources Q2 net income fell 18% on lower derivative gains despite production growth
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Latest financial statements
From 10-Q filed Jul 21, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Income (Unaudited)
(Unaudited, in thousands, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues and other income: | ||||
| Natural gas, NGLs and oil sales | 702,087 | 666,638 | 1,712,339 | 1,458,558 |
| Derivative fair value income (loss) | 73,540 | 154,747 | 40,111 | (4,210) |
| Brokered natural gas, NGLs and marketing | 57,496 | 33,009 | 114,725 | 87,417 |
| Other income | 448 | 1,881 | 566 | 5,064 |
| Total revenues and other income | 833,571 | 856,275 | 1,867,741 | 1,546,829 |
| Costs and expenses: | ||||
| Direct operating | 27,791 | 23,120 | 56,465 | 48,493 |
| Transportation, gathering, processing and compression | 316,812 | 304,714 | 640,141 | 610,823 |
| Taxes other than income | 6,926 | 7,835 | 12,749 | 14,822 |
| Brokered natural gas, NGLs and marketing | 59,337 | 34,985 | 117,460 | 93,186 |
| Exploration | 6,498 | 7,928 | 12,528 | 14,319 |
| Abandonment and impairment of unproved properties | 4,561 | 6,781 | 8,458 | 11,355 |
| General and administrative | 47,707 | 42,146 | 93,058 | 83,837 |
| Exit costs | 9,569 | 8,502 | 16,519 | 17,399 |
| Deferred compensation plan | (1,756) | (88) | 787 | 2,791 |
| Interest | 14,417 | 26,796 | 33,836 | 55,957 |
| Loss (gain) on early extinguishment of debt | — | — | 12,344 | (3) |
| Depletion, depreciation and amortization | 93,082 | 91,514 | 181,608 | 182,073 |
| Total costs and expenses | 584,944 | 554,233 | 1,185,953 | 1,135,052 |
| Income before income taxes | 248,627 | 302,042 | 681,788 | 411,777 |
| Income tax expense: | ||||
| Current | 2,629 | 4,645 | 8,430 | 6,645 |
| Deferred | 50,675 | 59,819 | 136,405 | 70,502 |
| 53,304 | 64,464 | 144,835 | 77,147 | |
| Net income | 195,323 | 237,578 | 536,953 | 334,630 |
| Net income per common share: | ||||
| Basic | 0.83 | 0.99 | 2.28 | 1.40 |
| Diluted | 0.83 | 0.99 | 2.27 | 1.39 |
| Dividends declared per share | 0.10 | 0.09 | 0.20 | 0.18 |
| Weighted average common shares outstanding: | ||||
| Basic | 234,739 | 238,187 | 234,893 | 239,106 |
| Diluted | 236,210 | 239,717 | 236,348 | 240,772 |
Consolidated Balance Sheets
(In thousands, except per share data)
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | 247 | 204 |
| Accounts receivable, less allowance for doubtful accounts of $248 and $248 | 289,973 | 358,687 |
| Derivative assets | 95,831 | 53,645 |
| Prepaid assets | 12,704 | 9,930 |
| Other current assets | 19,578 | 22,014 |
| Total current assets | 418,333 | 444,480 |
| Derivative assets | 27,512 | 15,752 |
| Natural gas, NGLs and oil properties, net (successful efforts method) | 6,878,562 | 6,708,366 |
| Other property and equipment, net | 11,703 | 4,935 |
| Operating lease right-of-use assets | 147,179 | 173,477 |
| Other assets | 78,654 | 74,938 |
| Total assets | 7,561,943 | 7,421,948 |
| Liabilities | ||
| Current liabilities: | ||
| Accounts payable | 193,597 | 164,352 |
| Asset retirement obligations | 1,173 | 1,173 |
| Accrued liabilities | 299,770 | 322,102 |
| Deferred compensation liabilities | 5,161 | 5,775 |
| Accrued interest | 12,696 | 31,934 |
| Derivative liabilities | 2,141 | 1,196 |
| Operating lease liabilities | 56,400 | 58,778 |
| Divestiture contract obligation | 73,901 | 75,842 |
| Total current liabilities | 644,839 | 661,152 |
| Bank debt, net of unamortized debt issuance costs | 370,889 | 106,700 |
| Senior notes, net of unamortized debt issuance costs | 496,196 | 1,091,634 |
| Deferred tax liabilities | 838,000 | 701,601 |
| Derivative liabilities | 1,246 | 2,363 |
| Deferred compensation liabilities | 70,941 | 68,635 |
| Operating lease liabilities | 93,072 | 115,515 |
| Asset retirement obligations and other liabilities | 158,802 | 153,081 |
| Divestiture contract obligation | 179,209 | 202,586 |
| Total liabilities | 2,853,194 | 3,103,267 |
| Commitments and contingencies | ||
| Stockholders’ Equity | ||
| Preferred stock, $1 par, 10,000,000 shares authorized, none issued and outstanding | — | — |
| Common stock, $0.01 par, 475,000,000 shares authorized, 269,589,292 issued as of June 30, 2026 and 268,573,212 shares as of December 31, 2025 | 2,696 | 2,686 |
| Common stock held in treasury, at cost, 35,915,000 shares as of June 30, 2026 and 33,115,000 shares as of December 31, 2025 | (852,633) | (746,486) |
| Additional paid-in capital | 5,978,163 | 5,971,258 |
| Accumulated other comprehensive income | 401 | 424 |
| Retained deficit | (419,878) | (909,201) |
| Total stockholders' equity | 4,708,749 | 4,318,681 |
| Total liabilities and stockholders’ equity | 7,561,943 | 7,421,948 |
Consolidated Statements of Cash Flows (Unaudited)
(Unaudited, in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Operating activities: | ||
| Net income | 536,953 | 334,630 |
| Adjustments to reconcile net income to net cash provided from operating activities: | ||
| Deferred income tax expense | 136,405 | 70,502 |
| Depletion, depreciation and amortization | 181,608 | 182,073 |
| Abandonment and impairment of unproved properties | 8,458 | 11,355 |
| Derivative fair value (income) loss | (40,111) | 4,210 |
| Cash settlements on derivative financial instruments | (14,007) | 36,039 |
| Divestiture contract obligation, including accretion | 16,519 | 17,399 |
| Amortization of debt issuance costs and other | 2,190 | 2,144 |
| Deferred and stock-based compensation | 25,823 | 26,130 |
| Gain on the sale of assets | (29) | (164) |
| Loss (gain) on early extinguishment of debt | 12,344 | (3) |
| Changes in working capital: | ||
| Accounts receivable | 68,779 | 68,064 |
| Other current assets | (85) | (8,510) |
| Accounts payable | 6,322 | 9,158 |
| Accrued liabilities and other | (87,018) | (86,754) |
| Net cash provided from operating activities | 854,151 | 666,273 |
| Investing activities: | ||
| Additions to natural gas, NGLs and oil properties | (331,205) | (279,990) |
| Additions to field service assets and other | (7,407) | (1,100) |
| Acreage purchases | (16,192) | (36,443) |
| Proceeds from disposal of assets | 58 | 149 |
| Purchases of marketable securities held by the deferred compensation plan | (6,472) | (17,870) |
| Proceeds from the sales of marketable securities held by the deferred compensation plan | 8,288 | 22,929 |
| Net cash used in investing activities | (352,930) | (312,325) |
| Financing activities: | ||
| Borrowings on credit facility | 1,725,000 | 447,000 |
| Repayments on credit facility | (1,462,000) | (322,000) |
| Repayment of senior notes | (608,250) | (608,699) |
| Dividends paid | (47,466) | (43,084) |
| Treasury stock purchases | (105,476) | (120,358) |
| Taxes paid for employee shares withheld | (20,926) | (21,361) |
| Change in cash overdrafts | 15,803 | (1,937) |
| Proceeds from the sales of common stock held by the deferred compensation plan | 2,137 | 12,135 |
| Net cash used in financing activities | (501,178) | (658,304) |
| Increase (decrease) in cash and cash equivalents | 43 | (304,356) |
| Cash and cash equivalents at beginning of period | 204 | 304,490 |
| Cash and cash equivalents at end of period | 247 | 134 |
Amounts as printed on the EDGAR/iXBRL face — (Unaudited, in thousands, except per share data); (In thousands, except per share data); (Unaudited, in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗