Quarterly ResultApr 21, 2026, 04:20 PM
Range Resources Q1 2026 Net Income $342M, Reduces Net Debt by $384M
AI Summary
Range Resources reported strong first quarter 2026 financial results, with GAAP net income of $342 million ($1.44 per diluted share) and cash flow from operating activities of $619 million. The company significantly reduced net debt by $384 million, paid $24 million in dividends, and repurchased $27 million in shares. CEO Dennis Degner highlighted the value of their strategic marketing portfolio, leading to record NGL premiums and the highest natural gas premium in over a decade, contributing to the strongest balance sheet in company history.
Key Highlights
- GAAP Net Income: $342 million ($1.44 per diluted share).
- Cash flow from operating activities: $619 million.
- Net debt reduced by $384 million.
- Repurchased $27 million in shares and paid $24 million in dividends.
- Production averaged 2.21 Bcfe per day, approximately 32% liquids.