RANGE RESOURCES CORP reported second-quarter 2026 results with revenue of $833.6M and net income of $195.3M, as EPS fell to $0.83 versus the year‑ago quarter amid modest production gains and volatile commodity prices.
Financial Highlights
- Revenue was $833.6M for Q2 2026, compared with $856.3M in the year‑ago quarter; YoY change (2.6%).
- Net income was $195.3M for Q2 2026, compared with $237.6M in the year‑ago quarter; YoY change (17.8%).
- Diluted EPS was $0.83 for Q2 2026, compared with $0.99 in the year‑ago quarter; YoY change (16.2%).
Business Highlights
- Revenue from gas, NGLs and oil rose 5% in Q2 and 17% year‑to‑date, driven by higher realized prices and modest production gains.
- Total production increased 5% in Q2 and 2% year‑to‑date, led by growth in gas and NGLs and new wells offsetting declines.
- Realized commodity prices were volatile; realized prices improved year‑to‑date and hedging covers more than 25% of remaining 2026 gas volumes.
- Per‑unit direct operating and G&A costs rose modestly due to water hauling, labor and workovers, while transportation per unit was largely stable.
- Company continues a returns‑focused program with active drilling, disciplined capex, stock repurchases and an increased dividend reflecting cash generation.
Original SEC Filing:
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