Range Resources reported second-quarter 2026 GAAP net income of $195.3 million ($0.83 diluted) on total revenues and other income of $833.6 million, and generated $235.0 million of net cash provided from operating activities. The company reported cash flow from operations before working capital changes of $333 million and adjusted net income (non-GAAP) of $186 million ($0.79 diluted). Range returned capital to shareholders in Q2 via $78 million of share repurchases and $24 million of dividends.

Financial Highlights

  • Total revenues and other income: $833.6 million for Q2 2026.
  • GAAP net income: $195.3 million, or $0.83 per diluted share, for Q2 2026.
  • Adjusted net income (non-GAAP, comparable to analysts’ estimates): $186 million, or $0.79 per diluted share, for Q2 2026.
  • Net cash provided from operating activities: $235.0 million for the quarter; cash flow from operations before changes in working capital (non-GAAP): $333 million.
  • Repurchases and dividends: $78 million repurchased and $24 million paid in dividends during Q2 2026.

Business Highlights

  • Production averaged 2.30 Bcfe per day in Q2 2026, with approximately 67% of volumes from natural gas.
  • Realized price (including hedges) averaged $3.53 per mcfe; pre-hedge NGL realizations were $29.10 per barrel, about $3.49 premium to Mont Belvieu equivalent.
  • Operational efficiency milestones: record completion efficiency with 1,900 stages completed by two crews and a single-day pump record of 22 hours; record drilling efficiency nearly two miles drilled in a single day.
  • Q2 drilling and completion activity: ~190,000 lateral feet drilled across 11 wells and ~300,000 lateral feet turned to sales across 21 wells; 68 wells planned to be to sales in 2026 (50 liquids-rich, 18 dry gas).
  • Balance sheet and liquidity: net debt approximately $881 million as of June 30, 2026, with $1.4 billion remaining availability under the share repurchase program.

Original SEC Filing:

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