Quarterly ResultJul 21, 2026, 04:21 PM
Range Resources Q2 Revenue $834M; Net Income $195M; Cash Flow $333M
AI Summary
Range Resources Corporation announced strong second quarter 2026 financial results, reporting GAAP revenues of $834 million and GAAP net income of $195 million ($0.83 per diluted share). The company generated $333 million in cash flow from operations before working capital changes, enabling $78 million in share repurchases and $24 million in dividends. Operational highlights included record drilling and completion efficiencies, with production averaging 2.30 Bcfe per day. Range also improved its full-year 2026 NGL price guidance, reflecting strategic access to international markets.
Key Highlights
- GAAP revenues and other income totaled $834 million for Q2 2026.
- GAAP net income was $195 million, or $0.83 per diluted share.
- Adjusted net income was $186 million, or $0.79 per diluted share.
- Cash flow from operations, before working capital changes, was $333 million.
- Repurchased $78 million of shares and paid $24 million in dividends.
- Production averaged 2.30 Bcfe per day, with 67% natural gas.
- Capital spending was $222 million, approximately 33% of the annual 2026 budget.
- Updated 2026 NGL price guidance to +$2.00 to +$2.50 relative to Mont Belvieu.
Price Impact
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