Natural gas producer Range Resources' Q3 adjusted EPS, net income beat estimates

Range Resources

27/10/2026 20:29

Overview
US natural gas producer's Q3 adjusted EPS and adjusted net income beat analyst expectations
Q3 revenue rose 13% yr/yr to $843 mln
Company reported record liquids production and strong cash flow, driven by infrastructure expansion

Outlook
Range Resources did not provide specific financial guidance for the current or future periods in the press release

Result Drivers
INFRASTRUCTURE EXPANSION - Co said commissioning of new infrastructure in liquids-rich area supported record liquids production
INCREASED LIQUIDS PRODUCTION - Co attributed higher cash margins and free cash flow to increased liquids output
MARKET ACCESS - Co said strategic access to international markets contributed to strong cash margins

Company press release: ID:nGNXbzLFzZ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$843 mln
 
Q3 Adjusted EPS
Beat
$0.81
$0.77 (19 Analysts)
Q3 EPS
 
$0.75
 
Q3 Adjusted Net Income
Beat
$191 mln
$183.55 mln (13 Analysts)
Q3 Net Income
 
$175.3 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 17 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy."
Wall Street's median 12-month price target for Range Resources Corporation is $45.00, about 16% below its October 26 closing price of $53.56
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Oct 26 - EQT to buy Range Resources in $13 billion deal to create top US gas producer
Oct 27 - Natgas producer Expand Energy tops quarterly profit estimates
Oct 26 - Alliance Resource Partners Q3 profit jumps on record royalty revenues

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)