RANGE RESOURCES CORP SEC 10-Q Report

Range Resources Corp, a leading independent natural gas, NGLs, and oil producer, has released its Form 10-Q report for the third quarter of 2025. The report highlights significant improvements in both financial and operational performance, driven by higher realized prices and increased production volumes. The company continues to demonstrate robust financial health and operational efficiency, positioning itself well for future growth amidst volatile commodity prices.

Financial Highlights

• Total Revenues and Other Income: $748.5 million, increased from $615.1 million in the same quarter of 2024 due to higher realized prices and production volumes.
• Net Income: $144.3 million, up from $50.7 million in the third quarter of 2024, primarily due to increased realized prices and a higher unrealized derivative fair value gain.
• Net Income Per Common Share - Diluted: $0.60, compared to $0.21 in the third quarter of 2024, reflecting improved profitability.
• Total Revenues and Other Income (Nine Months Ended): $2,295.4 million, up from $1,790.7 million in the same period of 2024, driven by a 16% increase in net realized prices and a 2% increase in total production.
• Net Income (Nine Months Ended): $478.9 million, compared to $171.5 million in the same period of 2024, due to increased realized prices.
• Net Income Per Common Share - Diluted (Nine Months Ended): $1.99, up from $0.70 in the same period of 2024, indicating strong financial performance.

Business Highlights

• Revenue Segments: The company reported a 15% increase in revenue from the sale of natural gas, NGLs, and oil in the third quarter of 2025 compared to the same period in 2024. This was driven by a 13% increase in average realized prices and a 1% increase in production volumes.
• Sales Units: Natural gas production increased by 2% to 141,133,949 mcf in the third quarter of 2025 compared to the same period in 2024. NGLs production slightly decreased by 1% to 10,158,612 bbls, while oil production decreased by 7% to 479,142 bbls.
• Operational Efficiency: Direct operating expenses per mcfe remained flat at $0.12 during the third quarter of 2025 compared to the same period in 2024, indicating stable operational efficiency.
• Transportation and Processing Costs: Transportation, gathering, processing, and compression expenses per mcfe decreased to $1.47 in the third quarter of 2025 from $1.51 in the same period of 2024, primarily due to lower NGLs prices.
• General and Administrative Costs: General and administrative expenses per mcfe increased to $0.22 in the third quarter of 2025 from $0.20 in the same period of 2024, attributed to higher employee-related costs and legal fees.
• Interest Expense: Interest expense per mcfe decreased by 14% in the third quarter of 2025 compared to the same period in 2024, due to lower debt balances.
• Future Outlook: The company expects commodity prices to remain volatile but believes it is well-positioned to manage these fluctuations through disciplined capital investments, maintaining a competitive cost structure, and optimizing operational efficiencies.
• Market Conditions: The company noted that natural gas prices increased in the first nine months of 2025 due to increased exports from new U.S. LNG export facilities, with expectations of continued LNG export expansion and increasing global power demand.
• Brokered Natural Gas and Marketing: Brokered natural gas and marketing revenue increased to $43.8 million in the third quarter of 2025 from $31.3 million in the same period of 2024, driven by higher broker sales prices and volumes.

SEC Filing: RANGE RESOURCES CORP [ RRC ] - 10-Q - Oct. 28, 2025