Stock Data
$1.08 (2.95%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS E&P
Range Resources Corp is a leading player in the energy sector, focusing on the exploration and production of natural gas, natural gas liquids (NGLs), crude oil, and condensate. Based in Fort Worth, Texas, and founded in 1976, the company primarily operates in the Appalachian region. It supplies natural gas to utilities and industrial users, NGLs to petrochemical industries, and crude oil to processors and marketers. Originally known as Lomak Petroleum Inc., it adopted its current name in 1998, emphasizing its commitment to natural resource exploration and production.
Range Resources crushed earnings expectations with $0.79 per share, a 21% beat, powered by record NGL premiums and drilling efficiency, though revenue missed and natural gas weakness is holding the stock back. CEO flagged massive NGL advantage from international market access plus a $3.49-per-barrel premium at Mont Belvieu that's unlikely to repeat if commodity prices soften further.
Range Resources reports after the bell with investors parsing guidance on Appalachian production as data center and LNG demand pressures accelerate.
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