RRC Q3 2025 Earnings
Reported Oct 29, 2025 at 2:51 PM ET · SEC Source
Q3 25 EPS
$0.57
MISS 0.37%
Est. $0.57
Q3 25 Revenue
$748.5M
BEAT +6.06%
Est. $705.7M
vs S&P Since Q3 25
-4.7%
TRAILING MARKET
RRC +3.1% vs S&P +7.9%
Market Reaction
Did RRC Beat Earnings? Q3 2025 Results
Range Resources delivered a mixed but largely constructive third quarter, narrowly missing the earnings consensus while posting a meaningful revenue beat driven by a sharp recovery in natural gas prices. The Appalachian producer reported non-GAAP dil… Read more Range Resources delivered a mixed but largely constructive third quarter, narrowly missing the earnings consensus while posting a meaningful revenue beat driven by a sharp recovery in natural gas prices. The Appalachian producer reported non-GAAP diluted EPS of $0.57, falling just 0.37% short of the $0.57 consensus estimate, while revenue of $748.53 million cleared analyst expectations by 6.06% and surged 31.8% year-over-year. The primary engine behind that top-line strength was a 51% increase in pre-hedge natural gas pricing to $2.56 per mcf, which helped lift GAAP net income to $144.31 million, compared to $50.66 million in the same period a year ago. Production averaged 2.23 Bcfe per day, up modestly from 2.20 Bcfe, with total cash unit costs declining 3% to $1.91 per mcfe. Range also returned $77 million to shareholders through buybacks and dividends during the quarter. Looking ahead, the company nudged its full-year production guidance to approximately 2.23 Bcfe per day while tightening its natural gas differential and cost guidance ranges, reflecting growing operational confidence heading into 2026.
Key Takeaways
- • Natural gas prices increased 51% year-over-year (pre-hedge) to $2.56 per mcf
- • Realized price including hedges of $3.29 per mcfe, a $0.22 premium versus NYMEX natural gas
- • Pre-hedge NGL realizations of $22.09 per barrel, a premium of $0.33 over Mont Belvieu equivalent
- • Total cash unit costs declined 3% year-over-year to $1.91 per mcfe
- • Interest expense per unit declined 21% year-over-year
- • Production growth of 1% year-over-year to 2.23 Bcfe per day
RRC YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
RRC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Range's third quarter results continue to showcase our ability to generate significant free cash flow through cycles, which supported $77 million in share repurchases and dividends, while maintaining net debt at $1.2 billion and continuing to build operational momentum. Our counter-cyclical investments in drilled inventory over the last two years support the very efficient growth we have planned through 2027, while keeping capital relatively flat. We believe Range is exceedingly well-positioned to benefit from growing local and global demand for natural gas given our consistent well results, high-return, long-life asset base and low full-cycle cost structure. Together, these advantages enable Range to help meet this demand while continuing to return meaningful capital to shareholders.”
— Dennis Degner, Q3 2025 Earnings Press Release
RRC Earnings Trends
RRC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RRC EPS Trend
Earnings per share: estimate vs actual
RRC Revenue Trend
Quarterly revenue: estimate vs actual
RRC Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.27 | $1.52 | +19.75% | $1.03B | +11.94% |
| Q4 25 BEAT FY | $0.73 | $0.82 | +12.34% | $820.2M | +7.60% |
| FY Full Year | — | $3.00 | — | $3.12B | — |
| Q3 25 MISS | $0.57 | $0.57 | -0.37% | $748.5M | +6.06% |
| Q2 25 MISS | $0.70 | $0.66 | -5.10% | $856.3M | +20.88% |