RANGE RESOURCES CORP

Listed Company

RRCCIK 0000315852NYSELarge AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.12B

Net Income

$658.02M

Total Assets

$7.42B

Equity

$4.32B

Shares Out

235.62M

Op. Cash Flow

$1.17B

Business

RANGE RESOURCES CORP is an independent producer engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil in the Appalachian region. It produces and markets natural gas, NGLs (ethane, propane, butanes and natural gasoline), and oil, and provides drilling, completion and reservoir evaluation services while using derivative contracts to manage commodity price exposure. Its operations are organized around upstream exploration and production activities, operated well interests and acreage development focused on the Marcellus and related formations. The company markets production to utilities, marketers, processors and petrochemical end users across domestic regional pipelines and international markets via contracted gathering and transportation arrangements.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Revenues from Contracts with Customers	2,988	2,347	2,541	5,331	3,580
Derivative fair value income	122	57	821	−1,189	−650
Other income	6	13	13	5	—
Total revenues and other income	3,116	2,417	3,375	4,147	2,930
Taxes other than income	33	22	24	35	31
Brokered natural gas and marketing	186	141	203	427	367
Exploration	30	27	27	27	24
Abandonment and impairment of unproved properties	29	8	46	29	7
General and administrative	178	172	165	168	168
Exit costs	26	37	100	70	22
Deferred compensation plan	1	10	27	62	68
Interest	105	119	124	165	227
Gain on early extinguishment of debt	−3,000	−257,000	−438,000	69	98,000
Depletion, depreciation and amortization	370	358	350	353	365
Total costs and expenses	2,284	2,166	2,275	2,733	2,528
Income before income taxes	832	251	1,100	1,414	402
Current	9	8	2	15	8
Deferred	164	−24	228	216	−18
Income tax expense (benefit)	174	−16	229	231	−10
Net income	658	266	871	1,183	412
Basic (per share)	2.76	1.1	3.61	4.79	1.65
Diluted (per share)	2.74	1.09	3.57	4.69	1.61
Basic (shares)	238	241	237	241	243
Diluted (shares)	240	243	240	246	249

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	204,000	304	212	207,000	214
Accounts receivable, less allowance for doubtful accounts of $248 and $255	359	302	275	481	472
Derivative assets	54	84	341	925,000	6
Prepaid assets	10	13	18	21	—
Other current assets	22	18	16	12	—
Total current assets	444	721	870	540	737
Derivative assets	16	3	102	41	39
Natural gas, NGLs and oil properties, net (successful efforts method)	6,708	6,422	6,118	5,890	5,755
Other property and equipment, net	5	2	2	2	3
Operating lease right-of-use assets	173	120	24	84	41
Other assets	75	80	89	68	86
Total assets	7,422	7,348	7,204	6,626	6,661
Accounts payable	164	133	110	207	178
Asset retirement obligations	1	1	2	5	5
Accrued liabilities	322	289	291	443	393
Deferred compensation liabilities	6	22	44	89	28
Accrued interest	32	37	37	39	76
Derivative liabilities	1	10	222,000	151	163
Operating lease liabilities	59	87	12	—	—
Divestiture contract obligation	76	87	87	87	91
Current maturities of long-term debt	0	608	0	0	218
Total current liabilities	661	1,274	583	1,021	1,152
Bank debt, net of unamortized debt issuance costs	−107	0	0	10	0
Senior notes, net of unamortized debt issuance costs	1,092	1,090	1,774	1,832	2,708
Deferred tax liabilities	702	541	561	334	118
Derivative liabilities	2	10	107,000	15	8
Deferred compensation liabilities	69	65	73	100	137
Operating lease liabilities	116	36	16	21	25
Asset retirement obligations and other liabilities	153	137	120	113	102
Divestiture contract obligation	203	257	311	304	325
Total liabilities	3,103	3,411	3,438	3,750	4,575
Commitments and contingencies	—	—	—	—	—
Preferred stock, $1 par, 10,000,000 shares authorized, none issued and outstanding	0	0	0	0	0
Common stock, $0.01 par 475,000,000 shares authorized, 268,573,212 issued at December 31, 2025 and 267,435,419 shares at December 31, 2024	3	3	3	3	3
Common stock held in treasury, at cost, 33,115,000 shares at December 31, 2025 and 26,766,065 shares at December 31, 2024	−746	−514	−449	−430	−30
Additional paid-in capital	5,971	5,928	5,880	5,765	5,720
Accumulated other comprehensive income	424,000	611,000	647,000	467,000	−150,000
Retained deficit	−909	−1,481	−1,669	−2,462	−3,607
Total stockholders' equity	4,319	3,937	3,766	2,876	2,086
Total liabilities and stockholders' equity	7,422	7,348	7,204	6,626	6,661

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depletion, depreciation and amortization	370	358	350	353	365
Cash settlements on derivative financial instruments	123	432	254	−1,190	−520
Divestiture contract obligation, including accretion	26	37	100	70	20
Allowance for bad debt	0	50,000	0	−250,000	200,000
Amortization of debt issuance costs and other	4	5	5	8	8
Deferred and stock-based compensation	48	54	68	108	110
Gain on the sale of assets	−261,000	−311,000	−454,000	−409,000	—
Accounts receivable	−56	−20	223	−3	−251
Other current assets	−3	4	−1	−18	—
Accounts payable	9	−443,000	−77	17	39
Accrued liabilities and other	−79	−119	−266	−165	−29
Net cash provided from operating activities	1,171	945	978	1,865	793
Additions to natural gas, NGLs and oil properties	−581	−570	−572	−457	−393
Additions to field service assets and other	−3	−2	−701,000	−682,000	−1
Acreage purchases	−57	−56	−34	−31	−24
Proceeds from disposal of assets	187,000	313,000	872,000	518,000	303,000
Purchases of marketable securities held by the deferred compensation plan	−23	−42	−45	−44	−31
Proceeds from the sales of marketable securities held by the deferred compensation plan	23	46	50	41	31
Net cash used in investing activities	−641	−624	−602	−490	−418
Borrowings on credit facility	1,334	0	185	972	1,434
Repayments on credit facility	−1,216	0	−204	−953	−2,136
Repayment of senior notes	−609	−79	−61	−1,659	−63
Dividends paid	−86	−77	−77	−39	0
Treasury stock purchases	−231	−65	−19	−400	0
Debt issuance costs	−9	0	0	−16	−9
Taxes paid for shares withheld	−22	−25	−39	−25	−9
Change in cash overdrafts	−9	−1	−24	9	16
Proceeds from the sales of common stock held by the deferred compensation plan	12	20	75	22	6
Net cash used in financing activities	−834	−228	−164	−1,589	−161
(Decrease) increase in cash and cash equivalents	−304	93	212	−214	214

Filings

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