Range Resources Q1 adjusted net income beats analyst expectations

Range Resources

21/04/2026 21:26

Overview

U.S. natural gas and NGL producer's Q1 adjusted net income beat analyst expectations

Q1 revenue rose to $1.03 bln, driven by premium realized pricing and market access

Company repurchased $27 mln of shares and reduced net debt by $384 mln in Q1

Outlook

Range expects 2026 capital spending of $650 mln to $700 mln

Company sees 2026 production at 2.35-2.40 Bcfe per day, with liquids over 30%

Result Drivers

PREMIUM REALIZED PRICES - Co cited highest natural gas premium in over a decade and record NGL premium, attributed to strategic marketing and access to premium markets

COST DISCIPLINE - Low full-cycle cost structure and disciplined capital spending supported cash flow and balance sheet improvements

STABLE PRODUCTION MIX - Production averaged 2.21 Bcfe per day with about 32% liquids, supporting realized pricing

Company press release: ID:nGNXYnZz3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$1.03 bln
Q1 Adjusted Net Income
Beat
$360 mln
$292.77 mln (14 Analysts)
Q1 Net Income
$342 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 18 "hold" and 1 "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 Corp is $46.00, about 11.8% above its April 20 closing price of $41.14

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

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.)