Range Posts $175.3M Q3 Profit, $1.16B Nine-Month Cash Flow Ahead of EQT Deal
RRC sits 72% above its 52-week low of $32.68 on elevated volume (5.1× avg).
Summary
Range's Q3 2026 10-Q shows $175.3 million of net income ($0.75 per diluted share) and $1.16 billion of nine-month operating cash flow, with debt down to $780.9 million — the first full quarter of financials since the EQT merger was announced.
Key Events · Earnings and Guidance · RRC
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Q3 Earnings Beat Prior Year
Net income was $175.3 million, or $0.75 per diluted share, versus $144.3 million, or $0.60, in Q3 2025, on $737.9 million of natural gas, NGL and oil sales (up 21%) as production rose 12%.
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Nine-Month Cash Flow Funds Capital and Returns
Operating cash flow of $1.16 billion covered $506.4 million of property additions, $105.5 million of buybacks (2.8 million shares) and $70.8 million of dividends.
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Debt Cut by Roughly $417 Million
Total debt fell to $780.9 million from $1,198.3 million at December 31, 2025 after redeeming the $600 million 8.25% 2029 notes, leaving $1.5 billion of credit-facility liquidity.
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EQT Merger Closing Targeted Q1 2027
The all-stock deal at a fixed 0.987 EQT shares per Range share needs both shareholder votes and regulatory clearance; Range would owe EQT a $423 million termination fee under specified circumstances.
Analysis · RRC · Energy & Transportation
With the EQT acquisition pending, Range closed the quarter on a strong note: Q3 net income of $175.3 million ($0.75 per diluted share) on $737.9 million of gas, NGL and oil sales, up 21% as production rose 12%. Nine-month operating cash flow of $1.16 billion funded $506.4 million of capital spending, $105.5 million of buybacks and $70.8 million of dividends while debt fell to $780.9 million from $1.198 billion at year-end. For investors, the numbers matter less as a standalone valuation than as the last clean read on the asset EQT is buying at a fixed 0.987 exchange ratio, with closing targeted for Q1 2027 and a $423 million break fee on Range's side.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RRC was trading at $56.13 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $13.2B. The 52-week trading range was $32.68 to $56.47. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.