Range Resources (NYSE:RRC) Releases Earnings Results, Meets Expectations

Key Points

• Range Resources met earnings expectations, reporting quarterly EPS of $0.76, alongside a 25.04% net margin and 18.63% return on equity.
• Shares rose to $56.18, near their 52-week high, while the company maintained its quarterly dividend of $0.10 per share, representing a 0.7% yield.
• EQT’s proposed $13 billion all-stock acquisition could create significant synergies and improve market access, but the deal still requires shareholder and regulatory approval and faces concerns about dilution, integration risks and valuation.

Range Resources (NYSE:RRC - Get Free Report) issued its quarterly earnings data on Tuesday. The oil and gas exploration company reported $0.76 earnings per share for the quarter, hitting analysts' consensus estimates of $0.76, Zacks reports. Range Resources had a net margin of 25.04% and a return on equity of 18.63%.

Range Resources Stock Performance

Shares of RRC stock traded up $2.62 during trading hours on Tuesday, reaching $56.18. 15,953,942 shares of the company's stock were exchanged, compared to its average volume of 3,284,645. Range Resources has a fifty-two week low of $32.68 and a fifty-two week high of $56.47. The stock has a market capitalization of $13.13 billion, a P/E ratio of 15.52 and a beta of 0.71. The business has a fifty day moving average price of $40.98 and a 200-day moving average price of $39.90. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.18.

Range Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Range Resources's payout ratio is 11.05%.

Insider Buying and Selling at Range Resources

In other news, Director Reginal Spiller sold 3,500 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $40.00, for a total value of $140,000.00. Following the sale, the director owned 13,421 shares in the company, valued at approximately $536,840. This trade represents a 20.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Key Stories Impacting Range Resources

Here are the key news stories impacting Range Resources this week:

• Positive Sentiment: EQT merger boosts valuation expectations: EQT will exchange 0.987 shares of EQT for each Range share, implying a transaction value of approximately $13 billion. The combined company is expected to have more than $50 billion in enterprise value, over 9 Bcfe per day of production and approximately $325 million in annual run-rate synergies within two years. Management says the deal should improve market access, inventory quality and cash-flow generation. Range Resources Surges After EQT Agrees to Buy the Company in All-Stock Deal
• Positive Sentiment: Strong third-quarter operating performance: Range reported $843 million in revenue, $175 million in GAAP net income and $0.75 diluted EPS. Adjusted EPS was $0.81, in line with the cited analyst consensus, while cash flow from operations before working-capital changes reached $347 million. Range Announces Third Quarter 2026 Results
• Positive Sentiment: Liquids growth supports margins: Record liquids production of 133,173 barrels per day, higher total production and a 5% year-over-year increase in cash margin per Mcfe demonstrate progress in Range’s development plan.
• Neutral Sentiment: The merger is expected to close in the first quarter of 2027, but requires shareholder and regulatory approvals. Range did not repurchase shares during the quarter.
• Negative Sentiment: Investors are weighing EQT’s stock dilution, integration risk and whether the projected synergies justify the purchase price. Scotiabank questioned the rationale for paying for Range’s assets in the current commodity-price environment, while law firms announced reviews of whether the transaction fairly values Range shareholders. EQT’s Range Resources buyout draws questions from Scotiabank

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RRC. Susquehanna raised their target price on shares of Range Resources from $41.00 to $44.00 and gave the company a "neutral" rating in a research note on Tuesday, October 20th. Stifel Nicolaus began coverage on shares of Range Resources in a research report on Thursday, September 10th. They set a "hold" rating and a $46.00 target price for the company. Barclays boosted their target price on shares of Range Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 8th. Mizuho upped their price target on shares of Range Resources from $52.00 to $67.00 and gave the company an "outperform" rating in a report on Monday. Finally, Stephens raised their price target on Range Resources from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Range Resources has a consensus rating of "Hold" and a consensus target price of $45.78.

Range Resources Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids and oil exploration and production company. Its operations are concentrated in the Appalachian Basin, particularly the Marcellus Shale in southwestern Pennsylvania, where the company develops unconventional wells and produces natural gas, condensate and natural gas liquids.

The company's activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing hydrocarbons.

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