Range Resources Q2: $0.79 Adjusted EPS, Record Efficiencies, Strong Free Cash Flow
RRC sits 16% above its 52-week low of $32.6.
Summary
Range Resources delivered a strong Q2 2026 with adjusted net income of $186 million ($0.79 per share) and cash flow from operations before working capital changes of $333 million. Production averaged 2.30 Bcfe per day, and the company achieved record drilling and completion efficiencies, including nearly two miles drilled in a single day. Realized pricing benefited from a $0.64 per mcfe premium to NYMEX natural gas and a $3.49 per barrel NGL premium over Mont Belvieu, driven by strategic access to international markets. Capital spending of $222 million was on track at about 33% of the annual budget, while $78 million in share repurchases and $24 million in dividends underscored strong shareholder returns. This follows the preliminary Q2 derivative gains and cash settlements reported on July 10, and the expanded $1.5 billion buyback program announced in February. The results highlight operational momentum and margin strength, positioning Range to capitalize on expected Appalachian natural gas demand growth.
At the time of this announcement, RRC was trading at $37.94 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $32.60 to $48.31. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.