Range Announces Second Quarter 2026 Results

Range Resources Corporation (NYSE: RRC) today announced its second quarter 2026 financial results. Second Quarter 2026 Highlights – Cash flow from operating activities of $235 million Cash flow from operations, before working capital changes, of $333 million Repurchased $78 million of shares and paid $24 million in dividends Realized price, including hedges, was $3.53 per mcfe – a $0.64 premium versus NYMEX natural gas Pre-hedge NGL realizations of $29.10 per barrel, a premium of $3.49 over the Mont Belvieu equivalent Natural gas differential, including basis hedging, of ($0.47) per mcf to NYMEX Production averaged 2.30 Bcfe per day, approximately 67% natural gas Record completion efficiency with 1,900 stages completed by two crews and single-day record of 22 hours pumping Record drilling efficiency of nearly two miles drilled in a single day Capital spending was $222 million, approximately 33% of the annual 2026 budget Commenting on the results, Dennis Degner, the Company’s CEO said, “Range’s year-to-date results reflect continued progress on our multi-year growth plan, which was supported by record drilling and completion efficiencies in the most recent quarter. Range’s strategic access to international markets drove a record NGL premium for the quarter, bolstering margins. The resulting strong free cash flow funded shareholder returns through dividends and share repurchases while advancing our operational momentum. Looking beyond our announced development plans through 2027, we expect steadily increasing demand for natural gas will require additional supply from Appalachia, as the lowest-cost, longest duration natural gas basin in the United States. Range’s strong financial position and operational momentum provide us with the flexibility to shape our capital reinvestment plans to meet this demand as it materializes, while prioritizing returns of capital to shareholders. We believe Range’s extensive Marcellus inventory, diverse marketing access and advantaged full-cycle cost structure provide the necessary foundation for supplying both domestic and international energy demand growth while consistently delivering returns to shareholders for decades to come.” GAAP revenues and other income for second quarter 2026 totaled $834 million, GAAP net cash provided from operating activities (including changes in working capital) was $235 million, and GAAP net income was $195 million ($0.83 per diluted share). Second quarter earnings results include a $74 million mark-to-market derivative gain due to decreases in commodity prices. Cash flow from operations before changes in working capital, a non-GAAP measure, was $333 million. Adjusted net income comparable to analysts’ estimates, a non-GAAP measure, was $186 million ($0.79 per diluted share) in second quarter 2026.