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FORT WORTH, Texas - Range Resources Corporation (NYSE:RRC) reported first quarter 2025 financial results that exceeded earnings expectations but fell short on revenue.
The natural gas producer posted adjusted earnings per share of $0.96, surpassing analyst estimates of $0.90. However, quarterly revenue of $690.6 million missed the consensus forecast of $787.78 million.
Key highlights from the quarter include:
- Cash flow from operations of $330 million
- Production averaged 2.20 Bcfe per day, approximately 69% natural gas
- Realized price, including hedges, was $4.02 per mcfe
- Natural gas differential of ($0.15) per mcf to NYMEX
- Capital spending was $147 million, about 22% of the annual 2025 budget
Range repurchased $68 million of shares and paid $22 million in dividends during the quarter, while reducing net debt by $42 million. The company’s pre-hedge NGL realizations were $27.79 per barrel, a premium of $1.05 over Mont Belvieu equivalent.
CEO Dennis Degner commented, "Range is off to a great start in 2025 with efficient operations, consistent well performance and strong free cash flow. Our solid financial results supported increased returns of capital to shareholders alongside further bolstering of the balance sheet."
Range maintained its full-year 2025 production guidance of approximately 2.2 Bcfe per day. The company expects its 2025 natural gas differential to average ($0.40) to ($0.48) relative to NYMEX.
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