Range Resources
Develops Marcellus natural gas and liquids through an integrated production and marketing operation.
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Profile
Produces natural gas, natural gas liquids and oil from a single operating segment concentrated in Pennsylvania’s Marcellus Shale. Integrated gathering, processing, marketing and firm pipeline transportation connect the production base with domestic and export markets.
Explores and develops natural gas, natural gas liquids and oil properties through a single operating segment, with gathering, processing and marketing integrated into production. The asset base is concentrated in Pennsylvania’s Marcellus Shale.
Builds production through internally generated drilling and uses firm transportation across multiple pipeline systems to reach domestic utilities, industrial users, Gulf Coast markets and export channels. Natural gas and natural gas liquids define the portfolio, while oil is a smaller output.
Revenue depends on commodity prices, and market access relies on regional gathering, processing and transportation capacity. Concentration in Pennsylvania also ties operations to one geographic and political region, including state permitting and environmental requirements.
Company facts
Key statistics
Year to date +17.4% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 19, 2026 | Morgan Stanley | Reiterate | Equal Weight | $44 | $43 |
| Aug 17, 2026 | Barclays | Reiterate | Equal Weight | $39 | $40 |
| Jul 27, 2026 | Raymond James | Target | $45 | ||
| Jul 21, 2026 | Susquehanna | Reiterate | Neutral | $39 | $41 |
| Jul 10, 2026 | Truist Financial | Target | $46 | $43 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $0.66 | $0.79 | +20.6% | $744.8M | $833.6M | +11.9% | +2.65% |
| Apr 21, 2026Q1 FY26 | $1.33 | $1.52 | +14.3% | $925.2M | $1.03B | +11.8% | +3.79% |
| Feb 24, 2026Q4 FY25 | $0.68 | $0.82 | +20.6% | $752.5M | $820.2M | +9.0% | +1.56% |
| Oct 28, 2025Q3 FY25 | $0.50 | $0.57 | +14.0% | $770.9M | $655.6M | −15.0% | −5.36% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $846.3M | $699.6M | $655.6M | $787.3M | $1.03B | $833.6M | |
| Gross profit | $366.1M | $245.3M | $166.7M | $277.8M | $651.9M | $489.0M | |
| Operating income | $311.0M | $187.4M | $119.1M | $231.0M | $433.2M | $325.9M | |
| Net income | $97.1M | $237.6M | $144.3M | $179.1M | $341.6M | $195.3M | |
| Diluted EPS | $0.40 | $0.99 | $0.60 | $0.75 | $1.44 | $0.83 | |
| Gross margin | 43.3% | 35.1% | 25.4% | 35.3% | 63.0% | 58.7% | |
| Operating margin | 36.7% | 26.8% | 18.2% | 29.3% | 41.9% | 39.1% |
Fiscal years (4-quarter sums)FY21 $3.58B · FY22 $5.34B · FY23 $2.55B · FY24 $2.34B · FY25 $2.99B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $247.0K · Total debt $1.02B · Total assets $7.56B · Shareholders' equity $4.71B
Dividends
Raised for 3 straight years — most recently to $0.10 from $0.09 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jun 26 | $0.10 | |
| Mar 13, 2026 | Mar 13 | Mar 27 | $0.10 | raised from $0.09 |
| Dec 12, 2025 | Dec 12 | Dec 26 | $0.09 | |
| Sep 12, 2025 | Sep 12 | Sep 26 | $0.09 | |
| Jun 13, 2025 | Jun 13 | Jun 27 | $0.09 | |
| Mar 14, 2025 | Mar 14 | Mar 28 | $0.09 | raised from $0.08 |
| Dec 13, 2024 | Dec 13 | Dec 27 | $0.08 | |
| Sep 13, 2024 | Sep 13 | Sep 27 | $0.08 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 233.68M · Float 230.45M · 98.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Price T Rowe Associates Inc /MD/ | 28.25M | 12.09% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 23.34M | 9.99% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 13.68M | 5.86% | 13F | Aug 13, 2026 |
| FMR LLC | 12.60M | 5.39% | 13F | Aug 13, 2026 |
| Boston Partners | 12.23M | 5.23% | 13F | Aug 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | Reginal Spiller | director | −3,500 | $40.00 |
| Apr 7, 2026 | Brenda A. Cline | director | −7,000 | $44.40 |
| Mar 27, 2026 | Erin W. McDowell | officer: SVP & General Counsel | −8,250 | $48.00 |
| Mar 30, 2026 | Dennis Degner | officer: Chief Executive Officer & Pres | −15,000 | $46.21 |
| Mar 18, 2026 | Margaret K. Dorman | director | −2,680 | $43.24 |
Peers
- EQT
Scaled Appalachian gas producer with direct Marcellus overlap
- Antero Resources
Closest liquids-rich Appalachian gas and NGL production peer
- CNX Resources
Integrated Marcellus and Utica gas producer in overlapping Appalachia
- Expand Energy
Large gas producer spanning both Appalachian Marcellus regions
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Range Resources | $41.10 | −0.86% | $9.69B | 11.5 | 11.3 | 2.9 | +19.1% |
| EQT | $54.67 | +0.19% | $34.13B | 12.0 | 16.3 | 3.7 | −29.2% |
| Antero Resources | $38.50 | +0.13% | $11.82B | 11.0 | 9.0 | 2.1 | +29.6% |
| CNX Resources | $36.42 | +0.64% | $5.36B | 6.0 | 10.8 | 2.2 | −35.7% |
| Expand Energy | $98.16 | 0.00% | $22.72B | 8.5 | 12.2 | 1.7 | −19.8% |
| Median | 9.8 | 11.5 | 2.2 | −24.5% |