Market Summary
USD30.40-1.00
Market Closed-3.18%
RRC Stock Price
RRC RSI Chart
RRC Valuation
RRC Price/Sales (Trailing)
RRC Profitability
RRC Fundamentals
RRC Revenue
RRC Earnings
Price Action
52 Week Range
22.6134.54
(Low)(High)
Last 7 days
-7.1%
Last 30 days
-6.0%
Last 90 days
5.7%
Trailing 12 Months
1.8%
RRC Financial Health
RRC Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for RRC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-09 | FUNK JAMES M | gifted | -170,175 | 34.035 | -5,000 | - |
2023-08-01 | Ginn Dori | sold | -1,554,450 | 31.089 | -50,000 | svp, principal accting officer |
2023-06-15 | Spiller Reginal | sold | -52,260 | 26.8 | -1,950 | - |
2023-06-01 | McDowell Erin W | acquired | - | - | 42,223 | svp & general counsel |
2023-06-01 | McDowell Erin W | sold | - | - | -42,223 | svp & general counsel |
2023-06-01 | Ginn Dori | acquired | 3,790,810 | 27.09 | 139,934 | svp, principal accting officer |
2023-06-01 | Degner Dennis | acquired | - | - | 98,285 | chief executive officer & pres |
2023-06-01 | Scucchi Mark | acquired | - | - | 118,788 | evp & cfo |
2023-06-01 | Maxwell Greg G | sold | - | - | -24,674 | - |
2023-06-01 | Scucchi Mark | sold | - | - | -118,788 | evp & cfo |
Which funds bought or sold RRC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -7.14 | 11.00 | 382 | -% |
2023-08-28 | DELPHI MANAGEMENT INC /MA/ | new | - | 1,262,000 | 1,262,000 | 1.31% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 13,478 | 135,240 | 0.01% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 38.58 | 843,483 | 2,407,860 | 0.02% |
2023-08-22 | COMERICA BANK | new | - | 5,000 | 5,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -3.06 | 609,886 | 8,562,160 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 27.88 | 273,474 | 941,486 | -% |
2023-08-21 | VitalStone Financial, LLC | new | - | 2,000 | 2,000 | -% |
2023-08-21 | BOKF, NA | sold off | -100 | -9,106 | - | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 4.86 | 181,000 | 1,281,000 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Range Resources
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Aug 10, 2023 | price t rowe associates inc /md/ | 10.0% | 24,255,437 | SC 13G | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 10.25% | 24,766,887 | SC 13G/A | |
| Jan 31, 2023 | state street corp | 4.78% | 11,557,886 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.99% | 24,148,314 | SC 13G/A | |
| Nov 09, 2022 | blackrock inc. | 10.2% | 24,660,746 | SC 13G/A | |
| Jul 08, 2022 | blackrock inc. | 9.2% | 24,900,165 | SC 13G | |
| Feb 11, 2022 | state street corp | 5.44% | 14,129,468 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 10.53% | 27,351,074 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A |
Recent SEC filings of Range Resources
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 11, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | SC 13G | Major Ownership Report | |
| Aug 01, 2023 | 4/A | Insider Trading | |
| Aug 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 25, 2023 | 8-K | Current Report | |
| Jul 24, 2023 | 10-Q | Quarterly Report | |
| Jul 13, 2023 | 8-K | Current Report | |
| Jun 15, 2023 | 4 | Insider Trading | |
| Jun 15, 2023 | 11-K | Employee Benefit Details |
Peers (Alternatives to Range Resources)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
APA | - | 8.8B | -5.97% | 4.87% | - | - | -19.24% | -60.57% |
EOG | 72.8B | 25.9B | -3.74% | 5.53% | 8.36 | 2.81 | 16.80% | 52.54% |
OXY | 60.4B | 31.8B | 0.82% | 0.45% | 4.68 | 1.64 | -6.68% | -38.20% |
PXD | 53.5B | 20.3B | -3.59% | -1.28% | 9.25 | 2.63 | -14.26% | -6.45% |
FANG | 27.4B | 8.3B | 2.99% | 18.50% | 7.84 | 3.3 | -8.75% | -9.74% |
DVN | - | 16.8B | -4.56% | -23.52% | - | - | -8.28% | -9.23% |
| MID-CAP | ||||||||
OVV | 12.6B | 13.4B | -4.38% | -6.21% | 3.77 | 0.94 | 15.65% | 37.73% |
RRC | 7.3B | 4.5B | -6.03% | 1.77% | 4.28 | 1.63 | 15.35% | 216.30% |
MTDR | 6.9B | 2.8B | -5.75% | 4.91% | 7.4 | 2.49 | 1.90% | -11.66% |
KOS | 3.3B | 1.6B | -2.74% | 18.33% | 15.22 | 2 | -20.41% | 13.75% |
CRK | 3.0B | 2.9B | -11.84% | -43.65% | 3.08 | 1.03 | 9.57% | 185.64% |
CPE | 2.3B | 2.7B | 2.49% | 0.08% | 2.51 | 0.88 | 12.93% | 24.18% |
OAS | - | 4.0B | - | - | - | - | 72.02% | 99.37% |
| SMALL-CAP | ||||||||
PARR | 2.0B | 7.3B | -3.87% | 99.88% | 3.27 | 0.28 | 21.02% | 508.09% |
LPI | 805.4M | 1.5B | -8.19% | -35.44% | 1.28 | 0.42 | -22.98% | 63.46% |
Range Resources News
Returns for RRC
Cumulative Returns on RRC
-8.8%
10-Year Cumulative Returns
-2.9%
7-Year Cumulative Returns
12.0%
5-Year Cumulative Returns
57.5%
3-Year Cumulative Returns
Risks for RRC
What is the probability of a big loss on RRC?
100%
Probability that Range Resources stock will be more than 20% underwater in next one year
78.8%
Probability that Range Resources stock will be more than 30% underwater in next one year.
42.3%
Probability that Range Resources stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does RRC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Range Resources was unfortunately bought at previous high price.
Drawdowns
Financials for Range Resources
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -17.6% | 4,450 | 5,402 | 5,335 | 4,471 | 3,858 | 3,077 | 3,580 | 2,837 | 2,306 | 2,004 | 1,781 | 1,647 | 1,845 | 2,314 | 2,601 | 3,256 | 3,479 | 3,284 | 3,334 | 2,938 | 2,574 |
| Costs and Expenses | -3.0% | 2,485 | 2,562 | 2,733 | 2,757 | 2,762 | 2,686 | 2,528 | 2,427 | 2,830 | 2,803 | 2,706 | 5,060 | 4,672 | 4,802 | 5,044 | 5,040 | 5,082 | 5,150 | 5,060 | 2,961 | 2,904 |
| S&GA Expenses | -2.0% | 164 | 168 | 168 | 168 | 176 | 173 | 168 | 167 | 156 | 154 | 158 | 161 | 164 | 177 | 181 | 188 | 191 | 188 | 210 | 240 | 250 |
| EBITDA | - | - | - | - | - | - | - | 1,651 | 1,643 | 1,641 | 1,725 | 1,725 | 2,856 | 2,895 | 2,935 | 2,897 | 1,824 | 1,858 | 1,895 | - | - | - |
| EBITDA Margin | - | - | - | - | - | - | - | 0.46* | 0.60* | 0.88* | 0.97* | 0.97* | 1.88* | 1.57* | 1.27* | 1.11* | 0.56* | 0.53* | 0.58* | - | - | - |
| Interest Expenses | -7.2% | 139 | 150 | 165 | 184 | 202 | 218 | 227 | 220 | 211 | 202 | 193 | 188 | 187 | 190 | 194 | 199 | 207 | 209 | 210 | 213 | 207 |
| EBT Margin | - | - | - | - | - | - | - | 0.30* | 0.39* | 0.57* | 0.59* | 0.59* | 0.70* | 0.58* | 0.46* | 0.41* | 0.33* | 0.30* | 0.32* | - | - | - |
| Net Income | -19.9% | 1,699 | 2,122 | 1,183 | 1,261 | 537 | -72.18 | 412 | -441 | -839 | -850 | -711 | -2,555 | -1,834 | -1,551 | -1,716 | -1,675 | -1,599 | -1,794 | -1,746 | 239 | 63.00 |
| Net Income Margin | -100.0% | - | 0.39* | 0.22* | 0.23* | 0.11* | -0.02* | 0.12* | -0.16* | -0.40* | -0.43* | -0.40* | -1.63* | -0.99* | -0.67* | -0.66* | -0.51* | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,933 | 1,865 | 1,570 | 1,241 | 1,090 | 793 | 565 | 349 | 268 | 268 | 311 | 439 | 545 | 682 | 765 | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 |
| Assets | -1.3% | 6,790 | 6,882 | 6,626 | 6,920 | 6,615 | 6,560 | 6,661 | 6,304 | 6,229 | 6,137 | 6,013 | 6,452 | 6,590 | 6,612 | 8,854 | 9,728 | 9,635 | 9,708 | 11,866 | 11,826 | 11,730 |
| Current Assets | -19.1% | 562 | 694 | 540 | 862 | 669 | 576 | 737 | 412 | 340 | 290 | 209 | 332 | 467 | 428 | 412 | 459 | 388 | 602 | 422 | 385 | 338 |
| Cash Equivalents | -28.8% | 162 | 228 | 0.00 | 157 | 0.00 | 113 | 214 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | 1.00 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.00 | 27.00 | 25.00 | 23.00 | 24.00 | 22.00 | 30.00 |
| Net PPE | -17.0% | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 5.00 | 5.00 | 6.00 | 7.00 | 9.00 | 10.00 | 11.00 | 13.00 | 13.00 |
| Goodwill | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,641 | 1,641 | 1,641 |
| Liabilities | -4.9% | 3,403 | 3,577 | 3,750 | 4,756 | 4,638 | 4,960 | 4,575 | 5,123 | 4,706 | 4,499 | 4,419 | 4,116 | 4,094 | 4,265 | 4,696 | 5,546 | 5,572 | 5,649 | 6,049 | 6,062 | 5,896 |
| Current Liabilities | -13.9% | 652 | 757 | 1,021 | 2,090 | 2,028 | 2,337 | 1,152 | 1,646 | 926 | 707 | 630 | 530 | 490 | 567 | 557 | 614 | 671 | 755 | 754 | 740 | 679 |
| LT Debt, Current | - | - | - | - | 528 | 532 | 749 | 218 | 218 | - | 45.00 | 45.00 | 59.00 | - | - | - | - | - | - | - | - | - |
| Shareholder's Equity | 2.5% | 3,388 | 3,305 | 2,876 | 2,163 | 1,977 | 1,600 | 2,086 | 1,181 | 1,523 | 1,638 | 1,594 | 2,336 | 2,496 | 2,347 | 4,158 | 4,182 | 4,063 | 4,059 | 5,817 | 5,764 | 5,835 |
| Retained Earnings | 0.5% | -1,989 | -2,000 | -2,462 | -3,257 | -3,611 | -4,063 | -3,607 | -4,498 | -4,148 | -4,018 | -4,057 | -3,308 | -3,140 | -3,306 | -1,496 | -1,463 | -1,574 | -1,570 | 199 | 155 | 240 |
| Additional Paid-In Capital | 1.3% | 5,813 | 5,740 | 5,765 | 5,757 | 5,749 | 5,708 | 5,720 | 5,707 | 5,699 | 5,684 | 5,679 | 5,673 | 5,664 | 5,660 | 5,653 | 5,645 | 5,635 | 5,628 | 5,617 | 5,608 | 5,594 |
| Accumulated Depreciation | 0.5% | 73.00 | 73.00 | 72.00 | 72.00 | 72.00 | 72.00 | 71.00 | 71.00 | 77.00 | 76.00 | 75.00 | 80.00 | 77.00 | 97.00 | 96.00 | 105 | 104 | 102 | 101 | 102 | 101 |
| Shares Outstanding | 0.4% | 239 | 238 | - | 240 | 243 | 245 | - | 243 | 243 | - | 240 | 239 | 246 | - | 248 | 248 | 248 | - | 246 | 246 | 246 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -10.2% | 1,735 | 1,933 | 1,865 | 1,570 | 1,241 | 1,090 | 793 | 565 | 349 | 253 | 269 | 311 | 440 | 546 | 682 | 765 | 891 | 881 | 991 | 991 | 950 |
| Cashflow From Investing | -5.7% | -553 | -523 | -489 | -463 | -427 | -410 | -417 | -422 | -138 | -156 | -184 | -249 | 151 | 112 | 39.00 | 309 | -445 | -571 | -695 | -1,153 | -1,283 |
| Cashflow From Financing | 21.2% | -1,020 | -1,295 | -1,589 | -949 | -813 | -567 | -161 | -142 | -210 | -96.89 | -84.69 | -61.83 | -590 | -657 | -721 | -1,074 | -444 | -308 | -295 | 163 | 333 |
| Dividend Payments | 33.3% | 77.00 | 58.00 | 39.00 | 20.00 | - | - | - | - | - | - | - | 5.00 | 10.00 | 15.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 |
RRC Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues and other income: | ||||
| Total Revenues from Contracts with Customers | $ 513,243 | $ 1,465,065 | $ 1,331,636 | $ 2,584,858 |
| Derivative fair value income (loss) | 123,734 | (239,922) | 491,701 | (1,178,979) |
| Total revenues and other income | 636,977 | 1,225,143 | 1,823,337 | 1,405,879 |
| Costs and expenses: | ||||
| Taxes other than income | 6,993 | 8,053 | 14,887 | 15,132 |
| Brokered natural gas and marketing | 44,800 | 110,109 | 111,868 | 203,232 |
| Exploration | 7,448 | 7,506 | 12,052 | 12,205 |
| Abandonment and impairment of unproved properties | 25,786 | 7,137 | 33,296 | 9,133 |
| General and administrative | 39,526 | 42,908 | 82,672 | 85,445 |
| Exit costs | 48,654 | 36,069 | 60,977 | 47,184 |
| Deferred compensation plan | 11,153 | (19,221) | 20,549 | 54,122 |
| Interest | 31,117 | 42,001 | 63,319 | 89,176 |
| (Gain) loss on early extinguishment of debt | (439) | 22 | (439) | 69,232 |
| Depletion, depreciation and amortization | 85,016 | 86,498 | 171,578 | 172,102 |
| Gain on the sale of assets | (106) | (82) | (244) | (413) |
| Total costs and expenses | 592,034 | 668,957 | 1,175,068 | 1,422,582 |
| Income (loss) before income taxes | 44,943 | 556,186 | 648,269 | (16,703) |
| Income tax (benefit) expense: | ||||
| Current | (300) | 9,000 | 2,399 | 13,751 |
| Deferred | 15,012 | 94,331 | 134,192 | (26,501) |
| Total (benefit) expense for income taxes | 14,712 | 103,331 | 136,591 | (12,750) |
| Net income (loss) | $ 30,231 | $ 452,855 | $ 511,678 | $ (3,953) |
| Net income (loss) per common share: | ||||
| Basic | $ 0.12 | $ 1.81 | $ 2.10 | $ (0.02) |
| Diluted | 0.12 | 1.77 | 2.07 | (0.02) |
| Dividends declared per share | $ 0.08 | $ 0 | $ 0.16 | $ 0 |
| Weighted average common shares outstanding: | ||||
| Basic | 238,970 | 243,492 | 238,497 | 244,416 |
| Diluted | 241,105 | 248,650 | 241,069 | 244,416 |
| Natural Gas, NGLs and Oil Sales | ||||
| Revenues and other income: | ||||
| Total Revenues from Contracts with Customers | $ 468,382 | $ 1,356,892 | $ 1,204,664 | $ 2,389,243 |
| Brokered Natural Gas, Marketing and Other | ||||
| Revenues and other income: | ||||
| Total Revenues from Contracts with Customers | 44,861 | 108,173 | 126,972 | 195,615 |
| Direct Operating | ||||
| Costs and expenses: | ||||
| Costs and expenses | 23,896 | 20,050 | 50,880 | 40,338 |
| Transportation, Gathering, Processing and Compression | ||||
| Costs and expenses: | ||||
| Costs and expenses | $ 268,190 | $ 327,907 | $ 553,673 | $ 625,694 |
RRC Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | ||
|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | $ 162,075 | $ 207 | ||
| Accounts receivable, less allowance for doubtful accounts of $308 and $314 | 187,762 | 481,050 | ||
| Contingent consideration receivable | 0 | 24,500 | ||
| Derivative assets | 176,247 | 925 | ||
| Other current assets | 35,487 | 32,905 | ||
| Total current assets | 561,571 | 539,587 | ||
| Derivative assets | 80,421 | 40,990 | ||
| Natural gas properties, successful efforts method | [1] | 10,950,249 | 10,655,879 | |
| Accumulated depletion and depreciation | [1] | (4,933,579) | (4,765,475) | |
| Natural gas and oil properties, successful efforts method, net | [1] | 6,016,670 | 5,890,404 | |
| Other property and equipment | 74,725 | 74,638 | ||
| Accumulated depreciation and amortization | (72,993) | (72,204) | ||
| Other Property and equipment, net | 1,732 | 2,434 | ||
| Operating lease right-of-use assets | 52,637 | 84,070 | ||
| Other assets | 77,141 | 68,077 | ||
| Total assets | 6,790,172 | 6,625,562 | ||
| Current liabilities: | ||||
| Accounts payable | 139,352 | 206,738 | ||
| Asset retirement obligations | 4,570 | 4,570 | ||
| Accrued liabilities | 301,762 | 442,922 | ||
| Deferred compensation liabilities | 79,443 | 89,334 | ||
| Accrued interest | 38,645 | 39,138 | ||
| Divestiture contract obligation | 88,263 | 86,546 | ||
| Derivative liabilities | 0 | 151,417 | ||
| Total current liabilities | 652,035 | 1,020,665 | ||
| Bank debt | 0 | 9,509 | ||
| Senior notes | 1,772,655 | 1,832,451 | ||
| Deferred tax liabilities | 467,768 | 333,571 | ||
| Derivative liabilities | 1,018 | 15,495 | ||
| Deferred compensation liabilities | 64,633 | 99,907 | ||
| Operating lease liabilities | 18,135 | 20,903 | ||
| Asset retirement obligations and other liabilities | 114,629 | 112,981 | ||
| Divestiture contract obligation | 311,692 | 304,074 | ||
| Total liabilities | 3,402,565 | 3,749,556 | ||
| Commitments and contingencies | ||||
| Stockholders’ Equity | ||||
| Preferred stock, $1 par, 10,000,000 shares authorized, none issued and outstanding | 0 | 0 | ||
| Common stock, $0.01 par, 475,000,000 shares authorized, 265,751,577 issued at June 30, 2023 and 262 887 265 issued at December 31, 2022 | 2,657 | 2,629 | ||
| Common stock held in treasury, 24,401,065 shares at June 30, 2023 and 24,001,535 shares at December 31, 2022 | (439,302) | (429,659) | ||
| Additional paid-in capital | 5,813,408 | 5,764,970 | ||
| Accumulated other comprehensive income | 485 | 467 | ||
| Retained deficit | (1,989,641) | (2,462,401) | ||
| Total stockholders' equity | 3,387,607 | 2,876,006 | ||
| Total liabilities and stockholders’ equity | $ 6,790,172 | $ 6,625,562 | ||
| ||||
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.