Range Resources Q2 net income fell 18% on lower derivative gains despite production growth

Filed July 21, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 22, 2025 · ~2 min read

Key Changes

• high

  Q2 2026 net income declined 18% to $195.3M ($0.83/share) from $237.6M ($0.99/share) in Q2 2025, driven by lower derivative fair value income ($73.5M vs $154.7M) as commodity price movements reduced unrealized hedge gains despite 5% production growth and higher realized prices.

  MD&A: Net Income verify on EDGAR →
• high

  Redeemed $600M of 8.25% senior notes in January 2026 using credit facility borrowings, cutting average debt 34% to $1.05B and reducing interest expense 46% to $0.07/mcfe. Credit facility maturity extended to October 2030 with commitments increased to $2.0B.

  MD&A: Debt Reduction; Notes: Credit Facility verify on EDGAR →
• high

  First-half 2026 operating cash flow rose 28% to $854.2M from $666.3M, driven by 17% higher net realized prices ($2.60/mcfe vs $2.22/mcfe). Funded $354.8M capex, $105.5M buybacks, $47.5M dividends, and $608.3M debt redemption while maintaining $1.5B credit availability.

  MD&A: Operating Cash Flow verify on EDGAR →