Range Resources Corporation (RRC) 10-Year Financial Performance & Capital Metrics

RRC • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&PAppalachian Basin Gas Focused

AboutRange Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.Show more

Revenue $2.35B -7.6%
EBITDA $713M -22.0%
Net Income $266M -69.4%
EPS (Diluted) 1.09 -69.5%
Gross Margin 24.49% -20.0%
EBITDA Margin 30.36% -15.5%
Operating Margin 15.09% -31.9%
Net Margin 11.35% -66.9%
ROE 6.92% -73.6%
ROIC 4.92% -40.9%
Debt/Equity 0.46 -2.7%
Interest Coverage 2.98 -34.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 26.9%
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.4%

5Y-2.03%

3Y-13.13%

TTM23.44%

Profit (Net Income) CAGR

10Y-8.31%

5Y-

3Y-13.52%

TTM19.16%

EPS CAGR

10Y-11.72%

5Y-

3Y-12.19%

TTM20.2%

ROCE

10Y Avg8.62%

5Y Avg16.42%

3Y Avg20.7%

Latest5.58%

Peer Comparison

Appalachian Basin Gas Focused

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ARAntero Resources Corporation	9.8B	31.78	176.56	-3.75%	11.13%	7.29%	7.62%	0.56
EQTEQT Corporation	31.15B	49.92	121.76	3%	20.69%	6.65%	1.84%	0.39
EPSNEpsilon Energy Ltd.	134.52M	4.50	51.19	2.58%	12.86%	5.87%		0.00
RRCRange Resources Corporation	7.96B	33.60	30.83	-7.65%	20%	13.65%	3.97%	0.46
INRInfinity Natural Resources, Inc.	216M	13.82	3.72	60.16%	-0.58%	-0.2%		0.51
BKVBKV Corporation	2.47B	25.50	-12.62	-18.23%	5.54%	2.48%	0.71%	0.11
EXEExpand Energy Corporation	23.7B	99.52	-21.87	-45.71%	7.99%	4.78%	0.03%	0.33
CNXCNX Resources Corporation	5.18B	35.90	-59.83	-7.99%	14.17%	7.1%	5.32%	0.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.18B	1.36B	2.4B	3.33B	2.6B	1.78B	3.58B	5.33B	2.54B	2.35B
Revenue Growth %	-0.42%	0.15%	0.76%	0.39%	-0.22%	-0.32%	1.01%	0.49%	-0.52%	-0.08%
Cost of Goods Sold+	1.26B	1.38B	1.78B	2.44B	2.28B	1.76B	1.98B	2.11B	1.76B	1.77B
COGS % of Revenue	1.07%	1.01%	0.74%	0.73%	0.88%	0.99%	0.55%	0.4%	0.69%	0.76%
Gross Profit+	-82.28M	-19.39M	614.06M	898.83M	318.66M	17.69M	1.6B	3.22B	778.14M	574.75M
Gross Margin %	-0.07%	-0.01%	0.26%	0.27%	0.12%	0.01%	0.45%	0.6%	0.31%	0.24%
Gross Profit Growth %	-1.1%	0.76%	32.67%	0.46%	-0.65%	-0.94%	89.37%	1.02%	-0.76%	-0.26%
Operating Expenses+	215.42M	217.1M	287.07M	243.93M	217.79M	216.69M	222.64M	230.22M	215M	220.61M
OpEx % of Revenue	0.18%	0.16%	0.12%	0.07%	0.08%	0.12%	0.06%	0.04%	0.08%	0.09%
Selling, General & Admin	194.01M	184.77M	233.41M	209.81M	181.11M	158.38M	168.44M	168.09M	164.74M	172.14M
SG&A % of Revenue	0.16%	0.14%	0.1%	0.06%	0.07%	0.09%	0.05%	0.03%	0.06%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	21.41M	32.33M	53.66M	34.12M	36.68M	58.3M	54.2M	62.14M	50.26M	48.47M
Operating Income+	-297.7M	-236.49M	326.99M	654.9M	100.87M	-198.99M	1.38B	2.99B	563.14M	354.14M
Operating Margin %	-0.25%	-0.17%	0.14%	0.2%	0.04%	-0.11%	0.38%	0.56%	0.22%	0.15%
Operating Income Growth %	-1.53%	0.21%	2.38%	1%	-0.85%	-2.97%	7.92%	1.17%	-0.81%	-0.37%
EBITDA+	873.72M	330.68M	1.02B	1.31B	1.75B	274.29M	1.74B	3.35B	913.31M	712.5M
EBITDA Margin %	0.74%	0.24%	0.43%	0.39%	0.67%	0.15%	0.49%	0.63%	0.36%	0.3%
EBITDA Growth %	-0.25%	-0.62%	2.1%	0.28%	0.33%	-0.84%	5.35%	0.92%	-0.73%	-0.22%
D&A (Non-Cash Add-back)	1.17B	567.16M	697.84M	658.09M	1.64B	473.29M	364.56M	353.42M	350.17M	358.36M
EBIT	-885.92M	-633.92M	277.8M	-1.57B	-2.02B	-544.66M	629.37M	1.58B	1.22B	369.36M
Net Interest Income+	-165.53M	-167.24M	-191.58M	-209.11M	-193.19M	-191.95M	-226.38M	-164.04M	-122.4M	-117.46M
Interest Income	908K	972K	4.1M	1.1M	1.1M	713K	951K	1.1M	1.6M	1.3M
Interest Expense	166.44M	168.21M	195.68M	210.21M	194.28M	192.67M	227.34M	165.15M	124M	118.76M
Other Income/Expense	-754.66M	-565.65M	-244.87M	-2.43B	-2.32B	-538.34M	-974.17M	-1.58B	537.2M	-103.54M
Pretax Income+	-1.05B	-802.14M	82.12M	-1.78B	-2.22B	-737.33M	402.04M	1.41B	1.1B	250.6M
Pretax Margin %	-0.89%	-0.59%	0.03%	-0.53%	-0.85%	-0.41%	0.11%	0.27%	0.43%	0.11%
Income Tax+	-338.68M	-280.75M	-251.03M	-30.49M	-500.29M	-25.55M	-9.74M	230.46M	229.2M	-15.73M
Effective Tax Rate %	0.68%	0.65%	4.06%	0.98%	0.77%	0.97%	1.02%	0.84%	0.79%	1.06%
Net Income+	-713.68M	-521.39M	333.15M	-1.75B	-1.72B	-711.78M	411.78M	1.18B	871.14M	266.34M
Net Margin %	-0.6%	-0.38%	0.14%	-0.52%	-0.66%	-0.4%	0.12%	0.22%	0.34%	0.11%
Net Income Growth %	-2.13%	0.27%	1.64%	-6.24%	0.02%	0.59%	1.58%	1.87%	-0.26%	-0.69%
Net Income (Continuing)	-713.68M	-521.39M	333.15M	-1.75B	-1.72B	-711.78M	411.78M	1.18B	871.14M	266.34M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-4.29	-2.75	1.34	-7.09	-6.92	-2.95	1.61	4.69	3.57	1.09
EPS Growth %	-2.13%	0.36%	1.49%	-6.29%	0.02%	0.57%	1.55%	1.91%	-0.24%	-0.69%
EPS (Basic)	-4.29	-2.75	1.34	-7.10	-6.92	-2.95	1.65	4.79	3.61	1.10
Diluted Shares Outstanding	166.39M	189.87M	245.46M	246.17M	247.97M	241.37M	249.31M	246.38M	239.84M	242.75M
Basic Shares Outstanding	166.39M	189.68M	245.09M	246.02M	247.97M	241.37M	242.86M	240.86M	236.99M	240.69M
Dividend Payout Ratio	-	-	0.06%	-	-	-	-	0.03%	0.09%	0.29%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	446.29M	282.09M	429.51M	607.03M	427.8M	289.84M	736.66M	539.59M	870.12M	721.46M
Cash & Short-Term Investments	471K	314K	448K	545K	546K	458K	214.42M	207K	211.97M	304.49M
Cash Only	471K	314K	448K	545K	546K	458K	214.42M	207K	211.97M	304.49M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	123.84M	241.72M	348.83M	490.72M	272.9M	252.64M	501.27M	505.55M	282.67M	302.21M
Days Sales Outstanding	38.25	64.81	53.1	53.73	38.3	51.78	51.1	34.61	40.6	47
Inventory	33.22M	26.57M	21.35M	22.96M	0	0	0	0	0	0
Days Inventory Outstanding	9.59	7.02	4.37	3.44	-	-	-	-	-	-
Other Current Assets	281.54M	13.28M	58.61M	87.95M	136.85M	23.33M	20.97M	33.83M	357.32M	114.76M
Total Non-Current Assets+	6.45B	11B	11.3B	9.1B	6.18B	5.85B	6.71B	6.72B	6.33B	6.63B
Property, Plant & Equipment	6.38B	9.27B	9.58B	9.03B	6.11B	5.75B	5.8B	5.98B	6.14B	6.54B
Fixed Asset Turnover	0.19x	0.15x	0.25x	0.37x	0.43x	0.31x	0.62x	0.89x	0.41x	0.36x
Goodwill	0	1.65B	1.64B	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	17.82M	10.8M	9.87M	13.94M	9.6M	11.9M	50.1M	51.39M	9.7M	12.22M
Other Non-Current Assets	55.16M	72.66M	76.73M	54.22M	66.54M	80.64M	74.76M	57.68M	180.86M	69.99M
Total Assets+	6.9B	11.28B	11.73B	9.71B	6.61B	6.14B	7.45B	7.26B	7.2B	7.35B
Asset Turnover	0.17x	0.12x	0.20x	0.34x	0.39x	0.29x	0.48x	0.73x	0.35x	0.32x
Asset Growth %	-0.21%	0.64%	0.04%	-0.17%	-0.32%	-0.07%	0.21%	-0.03%	-0.01%	0.02%
Total Current Liabilities+	351.72M	702.65M	755.47M	754.81M	566.54M	706.84M	1.15B	1.02B	583.09M	1.27B
Accounts Payable	117.35M	229.19M	343.87M	227.34M	155.34M	132.42M	178.41M	206.74M	110.13M	133.13M
Days Payables Outstanding	33.89	60.59	70.37	34.08	24.84	27.41	32.86	35.8	22.8	27.42
Short-Term Debt	0	0	0	0	0	45.36M	237.08M	67.49M	0	608.27M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	27.84M	174.74M	52.41M	9.63M	15.51M	125.99M	736.97M	746.43M	100.96M	445.53M
Current Ratio	1.27x	0.40x	0.57x	0.80x	0.76x	0.41x	0.64x	0.53x	1.49x	0.57x
Quick Ratio	1.17x	0.36x	0.54x	0.77x	0.76x	0.41x	0.64x	0.53x	1.49x	0.57x
Cash Conversion Cycle	13.96	11.25	-12.9	23.09	-	-	-	-	-	-
Total Non-Current Liabilities+	3.79B	5.17B	5.2B	4.89B	3.7B	3.79B	4.21B	3.36B	2.86B	2.14B
Long-Term Debt	2.65B	3.77B	4.11B	3.84B	3.17B	3.04B	2.71B	1.84B	1.77B	1.09B
Capital Lease Obligations	0	0	0	0	41.07M	43.16M	24.86M	20.9M	16.06M	35.74M
Deferred Tax Liabilities	777.95M	943.34M	693.36M	666.67M	0	0	904.07M	964.8M	561.29M	541.38M
Other Non-Current Liabilities	359.4M	454.36M	396.93M	390.38M	484.37M	709.15M	572.11M	532.46M	503.67M	470.22M
Total Liabilities	4.14B	5.87B	5.95B	5.65B	4.26B	4.5B	5.36B	4.38B	3.44B	3.41B
Total Debt+	2.65B	3.77B	4.11B	3.84B	3.24B	3.15B	2.97B	1.93B	1.79B	1.82B
Net Debt	2.65B	3.77B	4.11B	3.84B	3.24B	3.15B	2.76B	1.93B	1.58B	1.52B
Debt / Equity	0.96x	0.70x	0.71x	0.95x	1.38x	1.93x	1.42x	0.67x	0.48x	0.46x
Debt / EBITDA	3.03x	11.41x	4.01x	2.92x	1.86x	11.50x	1.71x	0.58x	1.96x	2.56x
Net Debt / EBITDA	3.03x	11.41x	4.01x	2.92x	1.86x	11.49x	1.58x	0.58x	1.73x	2.13x
Interest Coverage	-1.79x	-1.41x	1.67x	3.12x	0.52x	-1.03x	6.05x	18.12x	4.54x	2.98x
Total Equity+	2.76B	5.41B	5.77B	4.06B	2.35B	1.64B	2.09B	2.88B	3.77B	3.94B
Equity Growth %	-0.2%	0.96%	0.07%	-0.3%	-0.42%	-0.3%	0.27%	0.38%	0.31%	0.05%
Book Value per Share	16.59	28.48	23.52	16.49	9.47	6.78	8.37	11.67	15.70	16.22
Total Shareholders' Equity	2.76B	5.41B	5.77B	4.06B	2.35B	1.64B	2.09B	2.88B	3.77B	3.94B
Common Stock	1.69M	2.47M	2.48M	2.5M	2.51M	2.56M	2.6M	2.63M	2.66M	2.67M
Retained Earnings	2.76B	5.41B	5.78B	4.06B	-3.31B	-4.02B	-3.61B	-2.46B	-1.67B	-1.48B
Treasury Stock	-2.25M	-1.21M	-599K	-391K	-7.24M	-30.13M	-30.01M	-429.66M	-448.68M	-513.94M
Accumulated OCI	-2.73B	-3.23B	-1.33M	-658K	-788K	-479K	-150K	467K	647K	611K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	683.7M	387.07M	816.25M	990.69M	681.84M	268.68M	792.95M	1.86B	977.89M	944.51M
Operating CF Margin %	0.58%	0.28%	0.34%	0.3%	0.26%	0.15%	0.22%	0.35%	0.38%	0.4%
Operating CF Growth %	-0.28%	-0.43%	1.11%	0.21%	-0.31%	-0.61%	1.95%	1.35%	-0.48%	-0.03%
Net Income	-713.68M	-521.39M	333.15M	-1.75B	-1.72B	-711.78M	411.78M	1.18B	871.14M	266.34M
Depreciation & Amortization	579.06M	567.14M	48.72M	658.08M	1.64B	473.29M	364.56M	353.42M	0	0
Stock-Based Compensation	-20.41M	74.69M	30.71M	29.76M	24.89M	48.55M	110.36M	107.96M	67.51M	67.85M
Deferred Taxes	-338.71M	-280.85M	-251.04M	-30.49M	-506.44M	-25.03M	-17.73M	215.77M	227.65M	-23.9M
Other Non-Cash Items	1.19B	653.87M	701.89M	2.09B	1.23B	537.53M	165.69M	173.52M	-67.34M	769.55M
Working Capital Changes	-16.83M	-106.39M	-47.17M	-8.22M	2.54M	-53.88M	-241.71M	-169.3M	-121.08M	-135.32M
Change in Receivables	64.7M	-20.59M	-102.87M	-142.38M	214.2M	24.54M	-250.54M	-3.29M	223.08M	223.08M
Change in Inventory	-14.87M	6.22M	-2.98M	138K	4.52M	1.01M	0	-18.44M	0	0
Change in Payables	-26.2M	-27.26M	45.91M	-4.27M	-60.37M	-32.69M	39.23M	17.08M	-77.06M	-77.06M
Cash from Investing+	-218.77M	-308.83M	-1.14B	-695.43M	39.48M	-184.08M	-417.88M	-489.83M	-601.71M	-623.83M
Capital Expenditures	-1.11B	-509.73M	-1.21B	-1.02B	-747.26M	-432.43M	-417.44M	-487.39M	-606.23M	-628.58M
CapEx % of Revenue	0.94%	0.37%	0.5%	0.31%	0.29%	0.24%	0.12%	0.09%	0.24%	0.27%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	886.38M	190.7M	66.76M	0	783.77M	243.25M	-928K	-682K	171K	-2.98M
Cash from Financing+	-472.61M	-78.39M	322.94M	-295.16M	-721.32M	-84.69M	-161.1M	-1.59B	-164.42M	-228.16M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-27.08M	-16.68M	-19.84M	-19.94M	-20.07M	0	0	-38.64M	-77.24M	-77.46M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-21.86M	21.3M	-7.39M	-1.66M	-7.16M	-3.32M	-12.27M	6.05M	35.72M	-5.09M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-421.82M	-122.67M	-390.57M	-30.83M	-65.42M	-163.75M	375.51M	1.38B	371.66M	315.93M
FCF Margin %	-0.36%	-0.09%	-0.16%	-0.01%	-0.03%	-0.09%	0.1%	0.26%	0.15%	0.13%
FCF Growth %	0.08%	0.71%	-2.18%	0.92%	-1.12%	-1.5%	3.29%	2.67%	-0.73%	-0.15%
FCF per Share	-2.54	-0.65	-1.59	-0.13	-0.26	-0.68	1.51	5.59	1.55	1.30
FCF Conversion (FCF/Net Income)	-0.96x	-0.74x	2.45x	-0.57x	-0.40x	-0.38x	1.93x	1.58x	1.12x	3.55x
Interest Paid	168.83M	0	0	0	189.44M	168.47M	196.75M	193.73M	120.63M	113.68M
Taxes Paid	100K	0	0	0	0	343K	7.06M	20.34M	2.2M	1.03M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-22.96%	-12.77%	5.96%	-35.52%	-53.58%	-35.72%	22.12%	47.7%	26.23%	6.92%
Return on Invested Capital (ROIC)	-3.74%	-2.43%	2.57%	5.53%	1.12%	-2.88%	21.43%	46.54%	8.32%	4.92%
Gross Margin	-6.96%	-1.42%	25.61%	26.96%	12.25%	0.99%	44.65%	60.46%	30.62%	24.49%
Net Margin	-60.39%	-38.3%	13.89%	-52.39%	-65.99%	-39.97%	11.5%	22.2%	34.28%	11.35%
Debt / Equity	0.96x	0.70x	0.71x	0.95x	1.38x	1.93x	1.42x	0.67x	0.48x	0.46x
Interest Coverage	-1.79x	-1.41x	1.67x	3.12x	0.52x	-1.03x	6.05x	18.12x	4.54x	2.98x
FCF Conversion	-0.96x	-0.74x	2.45x	-0.57x	-0.40x	-0.38x	1.93x	1.58x	1.12x	3.55x
Revenue Growth	-42.15%	15.2%	76.13%	39.04%	-21.98%	-31.53%	101.04%	48.89%	-52.33%	-7.65%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Natural Gas Natural Gas Liquids And Oil Sales	-	-	-	-	-	2.33B	2.21B
Natural Gas Natural Gas Liquids And Oil Sales Growth	-	-	-	-	-	-	-5.17%
Brokered Natural Gas Marketing And Other	482.76M	345.51M	173.27M	365.41M	424.22M	218.6M	-
Brokered Natural Gas Marketing And Other Growth	-	-28.43%	-49.85%	110.89%	16.09%	-48.47%	-

Frequently Asked Questions

Valuation & Price

Range Resources Corporation (RRC) has a price-to-earnings (P/E) ratio of 30.8x. This suggests investors expect higher future growth.

Growth & Financials

Range Resources Corporation (RRC) reported $2.87B in revenue for fiscal year 2024. This represents a 141% increase from $1.19B in 2011.

Range Resources Corporation (RRC) saw revenue decline by 7.6% over the past year.

Yes, Range Resources Corporation (RRC) is profitable, generating $573.8M in net income for fiscal year 2024 (11.3% net margin).

Dividend & Returns

Yes, Range Resources Corporation (RRC) pays a dividend with a yield of 0.95%. This makes it attractive for income-focused investors.

Range Resources Corporation (RRC) has a return on equity (ROE) of 6.9%. This is below average, suggesting room for improvement.

Range Resources Corporation (RRC) generated $982.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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