Range Resources Q2 adjusted EPS beats estimates on record NGL pricing premium

Range Resources

21/07/2026 21:31

    

    Overview
  
U.S. natural gas producer's Q2 adjusted EPS beat analyst expectations
Adjusted net income for Q2 also beat analyst expectations
Company repurchased $78 mln of shares and paid $24 mln in dividends in Q2

    

    Outlook
  
Company expects 2026 capital spending of $650 mln to $700 mln
Annual 2026 production forecast at 2.35 to 2.40 Bcfe per day
Company raises 2026 NGL price guidance to MB plus $2.00 to $2.50 per barrel

    

    Result Drivers
  
OPERATIONAL EFFICIENCY - Co cited record drilling and completion efficiencies as supporting Q2 results and operational momentum
NGL PRICING PREMIUM - Strategic access to international markets drove a record NGL premium, bolstering margins
DERIVATIVE GAINS - Q2 net income included a $74 mln mark-to-market derivative gain due to decreases in commodity prices

    
Company press release: ID:nGNX8nhHnv

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
$834 mln
 
Q2 Adjusted EPS
Beat
$0.79
$0.64 (19 Analysts)
Q2 Adjusted Net Income
Beat
$186 mln
$156.66 mln (12 Analysts)
Q2 Net Income
 
$195 mln
 
Q2 Cash Flow from Operations
 
$235 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 16 "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 $45.50, about 24.1% above its July 20 closing price of $36.67
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

    

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July 21 - Oil prices drive Maurel & Prom's half-year sales 27% higher

    
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.)