Range Resources: Benefiting From The Iranian Crisis

Range Resources benefits from a liquids-focused production strategy, providing resilience during weak natural gas pricing. Recent Middle East infrastructure disruptions have accelerated the strengthening of commodity prices, favorably impacting RRC’s near-term outlook. Natural gas exports for the current year are already nearing last year’s total, signaling robust demand and export growth. North American export capacity for natural gas and related products like ethane and propane is set to increase, supporting RRC’s future prospects. Storage levels are on the low side. The second quarter report of Range Resources Corporation ( RRC ) is normally an in-between quarter between the profitable winter months and a potentially hot summer.