Revenue reached a peak of $1.0 billion in 2026Q1, supported by a substantial expansion in gross margins to 63.0% compared to 35.3% in the prior quarter.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 3.18B | 2.99B | 2.35B | 2.54B | 5.33B | 3.58B | 1.78B | 2.6B | 3.33B | 2.4B | 1.36B | 1.18B | 2.04B | 1.83B | 1.37B | 1.19B | 833.12M | 907.34M | 1.32B | 864.83M | 779.73M | 535.84M | 320.71M | 245.77M | 194.45M | 223.38M | 185.55M | 161.55M | 148.93M | 137.8M | 72M |
| Revenue Growth % | 22.6% | 27.56% | -7.65% | -52.33% | 48.89% | 101.04% | -31.53% | -21.98% | 39.04% | 76.13% | 15.2% | -42.15% | 11.48% | 34.02% | 15.05% | 42.63% | -8.18% | -31.5% | 53.17% | 10.91% | 45.52% | 67.08% | 30.49% | 26.39% | -12.95% | 20.39% | 14.85% | 8.48% | 8.08% | 91.39% | 76.9% |
| Cost of Goods Sold | 1.83B | 1.97B | 1.77B | 1.76B | 2.11B | 1.98B | 1.76B | 2.28B | 2.44B | 1.78B | 1.38B | 1.26B | 1.2B | 1.05B | 841.13M | 614.6M | 470.22M | 211.87M | 210.08M | 152.09M | 125.35M | 97.72M | 67.53M | 50.37M | 43.39M | 53.07M | 45.71M | 51.31M | 58.26M | 34M | 22.2M |
| COGS % of Revenue | - | 65.92% | 75.51% | 69.38% | 39.54% | 55.35% | 99.01% | 87.75% | 73.04% | 74.39% | 101.42% | 106.96% | 58.82% | 57.51% | 61.53% | 51.72% | 56.44% | 23.35% | 15.86% | 17.59% | 16.08% | 18.24% | 21.06% | 20.49% | 22.32% | 23.76% | 24.64% | 31.76% | 39.12% | 24.67% | 30.83% |
| Gross Profit | 1.34B | 1.02B | 574.75M | 778.14M | 3.22B | 1.6B | 17.69M | 318.66M | 898.83M | 614.06M | -19.39M | -82.28M | 841.2M | 778.5M | 526M | 573.7M | 362.9M | 695.48M | 1.11B | 712.74M | 654.38M | 438.12M | 253.18M | 195.4M | 151.06M | 170.31M | 139.84M | 110.25M | 90.67M | 103.8M | 49.8M |
| Gross Margin % | 42.24% | 34.08% | 24.49% | 30.62% | 60.46% | 44.65% | 0.99% | 12.25% | 26.96% | 25.61% | -1.42% | -6.96% | 41.18% | 42.49% | 38.47% | 48.28% | 43.56% | 76.65% | 84.14% | 82.41% | 83.92% | 81.76% | 78.94% | 79.51% | 77.68% | 76.24% | 75.36% | 68.24% | 60.88% | 75.33% | 69.17% |
| Gross Profit Growth % | - | 77.52% | -26.14% | -75.86% | 101.59% | 8936.57% | -94.45% | -64.55% | 46.37% | 3267.22% | 76.44% | -109.78% | 8.05% | 48% | -8.31% | 58.08% | -47.82% | -37.6% | 56.38% | 8.92% | 49.36% | 73.05% | 29.57% | 29.36% | -11.3% | 21.79% | 26.84% | 21.59% | -12.65% | 108.43% | 77.86% |
| Operating Expenses | 371.06M | 184.64M | 220.61M | 215M | 230.22M | 222.64M | 216.69M | 217.79M | 243.93M | 287.07M | 217.1M | 215.42M | 276.97M | 355.58M | 243.62M | 232.56M | 201.08M | 522.37M | 522.37M | 366.53M | 275.46M | 211.08M | 163.28M | 123.82M | 102.63M | 89.78M | 81.26M | 84.47M | 69.37M | 60.7M | 26.3M |
| OpEx % of Revenue | - | 6.17% | 9.4% | 8.46% | 4.32% | 6.22% | 12.17% | 8.37% | 7.32% | 11.97% | 15.95% | 18.23% | 13.56% | 19.41% | 17.82% | 19.57% | 24.14% | 57.57% | 39.43% | 42.38% | 35.33% | 39.39% | 50.91% | 50.38% | 52.78% | 40.19% | 43.79% | 52.29% | 46.58% | 44.05% | 36.53% |
| Selling, General & Admin | 223.32M | 350.89M | 172.14M | 164.74M | 168.09M | 168.44M | 158.38M | 181.11M | 209.81M | 233.41M | 184.77M | 194.01M | 213.43M | 291.17M | 173.81M | 151.19M | 140.57M | 117.8M | 92.31M | 96.76M | 56.76M | 62.92M | 39.81M | 24.38M | 17.24M | 12.21M | 14.95M | 8.03M | 9.21M | 5.3M | 4M |
| SG&A % of Revenue | - | 11.72% | 7.33% | 6.48% | 3.15% | 4.7% | 8.89% | 6.96% | 6.29% | 9.73% | 13.57% | 16.42% | 10.45% | 15.89% | 12.71% | 12.72% | 16.87% | 12.98% | 6.97% | 11.19% | 7.28% | 11.74% | 12.41% | 9.92% | 8.87% | 5.47% | 8.06% | 4.97% | 6.19% | 3.85% | 5.56% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2M | -166.25M | 48.47M | 50.26M | 62.14M | 54.2M | 58.3M | 36.68M | 34.12M | 53.66M | 32.33M | 21.41M | 63.55M | 64.41M | 69.81M | 81.37M | 60.51M | 404.57M | 430.06M | 269.77M | 218.7M | 148.16M | 123.47M | 99.44M | 85.39M | 77.57M | 66.31M | 76.45M | 60.15M | 55.4M | 22.3M |
| Operating Income | 970.66M | 835.63M | 354.14M | 563.14M | 2.99B | 1.38B | -198.99M | 100.87M | 654.9M | 326.99M | -236.49M | -297.7M | 564.22M | 422.92M | 282.38M | 341.14M | 161.83M | 173.1M | 592.23M | 346.21M | 378.92M | 227.04M | 89.89M | 71.58M | 48.42M | 80.52M | 58.58M | 25.77M | 21.3M | 43.1M | 23.5M |
| Operating Margin % | 30.56% | 27.91% | 15.09% | 22.16% | 56.14% | 38.44% | -11.17% | 3.88% | 19.64% | 13.64% | -17.37% | -25.19% | 27.62% | 23.08% | 20.66% | 28.71% | 19.42% | 19.08% | 44.71% | 40.03% | 48.6% | 42.37% | 28.03% | 29.12% | 24.9% | 36.05% | 31.57% | 15.95% | 14.3% | 31.28% | 32.64% |
| Operating Income Growth % | - | 135.96% | -37.11% | -81.18% | 117.48% | 791.58% | -297.28% | -84.6% | 100.28% | 238.27% | 20.56% | -152.76% | 33.41% | 49.77% | -17.22% | 110.8% | -6.51% | -70.77% | 71.06% | -8.63% | 66.89% | 152.57% | 25.59% | 47.82% | -39.87% | 37.46% | 127.3% | 21% | -50.58% | 83.4% | 125.96% |
| EBITDA | 1.28B | 1.24B | 712.5M | 913.31M | 3.35B | 1.74B | 274.29M | 1.75B | 1.31B | 1.02B | 330.68M | 873.72M | 1.16B | 928.77M | 764.01M | 724.93M | 447.27M | 547.53M | 892.06M | 575.82M | 535.48M | 356.22M | 193.94M | 159.33M | 126.14M | 160.06M | 127.56M | 102.22M | 81.45M | 98.5M | 45.8M |
| EBITDA Margin % | 40.38% | 41.25% | 30.36% | 35.94% | 62.77% | 48.62% | 15.4% | 67.1% | 39.38% | 42.74% | 24.29% | 73.94% | 56.76% | 50.69% | 55.88% | 61.01% | 53.69% | 60.35% | 67.34% | 66.58% | 68.68% | 66.48% | 60.47% | 64.83% | 64.87% | 71.65% | 68.75% | 63.27% | 54.69% | 71.48% | 63.61% |
| EBITDA Growth % | 40.89% | 73.34% | -21.99% | -72.71% | 92.24% | 534.64% | -84.28% | 32.93% | 28.12% | 209.92% | -62.15% | -24.64% | 24.83% | 21.57% | 5.39% | 62.08% | -18.31% | -38.62% | 54.92% | 7.53% | 50.32% | 83.68% | 21.72% | 26.32% | -21.19% | 25.47% | 24.8% | 25.49% | -17.31% | 115.07% | 81.03% |
| D&A (Non-Cash Add-back) | 312M | 399.4M | 358.36M | 350.17M | 353.42M | 364.56M | 473.29M | 1.64B | 658.09M | 697.84M | 567.16M | 1.17B | 595.2M | 505.85M | 481.62M | 383.79M | 285.44M | 374.43M | 299.83M | 229.6M | 156.57M | 129.18M | 104.04M | 87.76M | 77.72M | 79.53M | 68.99M | 76.45M | 60.15M | 55.4M | 22.3M |
| EBIT | 1.21B | 936.59M | 369.36M | 1.22B | 1.58B | 629.37M | -544.66M | -2.02B | -1.57B | 277.8M | -633.92M | -885.92M | 1.2B | 326.14M | 193.85M | 203.31M | 230.27M | 58.63M | 644.62M | 346.21M | 406.47M | 216.18M | 89.89M | 71.58M | 48.42M | 80.52M | 57.92M | 25.77M | 21.3M | 43.1M | 23.5M |
| Net Interest Income | -94.19M | -103.8M | -117.46M | -122.4M | -164.04M | -226.38M | -191.95M | -193.19M | -209.11M | -191.58M | -167.24M | -165.53M | -168.07M | -176.56M | -168.8M | -125.05M | -131.19M | -117.37M | -99.75M | -77.74M | -57.58M | -38.8M | -23.12M | 0 | 0 | 0 | 702K | 0 | 0 | 0 | 0 |
| Interest Income | 966K | 1.1M | 1.3M | 1.6M | 1.1M | 951K | 713K | 1.1M | 1.1M | 4.1M | 972K | 908K | 911K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 702K | 0 | 0 | 0 | 0 |
| Interest Expense | 95.16M | 104.9M | 118.76M | 124M | 165.15M | 227.34M | 192.67M | 194.28M | 210.21M | 195.68M | 168.21M | 166.44M | 168.98M | 176.56M | 168.8M | 125.05M | 131.19M | 117.37M | 99.75M | 77.74M | 57.58M | 38.8M | 23.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 184.46M | -3.94M | -103.54M | 537.2M | -1.58B | -974.17M | -538.34M | -2.32B | -2.43B | -244.87M | -565.65M | -754.66M | 466.66M | -273.34M | -257.33M | -262.88M | -22.22M | -231.84M | -47.35M | -80.47M | -63.22M | -49.66M | -23.12M | -22.16M | -26.01M | -63.26M | -41.34M | -34.37M | -250.92M | -78.2M | -4.1M |
| Pretax Income | 1.16B | 831.69M | 250.6M | 1.1B | 1.41B | 402.04M | -737.33M | -2.22B | -1.78B | 82.12M | -802.14M | -1.05B | 1.03B | 149.58M | 25.06M | 78.26M | 139.61M | -58.73M | 544.87M | 265.74M | 315.7M | 177.38M | 66.78M | 49.41M | 22.41M | 17.26M | 17.24M | -8.6M | -229.62M | -35.1M | 19.4M |
| Pretax Margin % | 36.36% | 27.78% | 10.68% | 43.3% | 26.52% | 11.23% | -41.4% | -85.22% | -53.3% | 3.43% | -58.92% | -89.05% | 50.47% | 8.16% | 1.83% | 6.59% | 16.76% | -6.47% | 41.13% | 30.73% | 40.49% | 33.1% | 20.82% | 20.11% | 11.52% | 7.73% | 9.29% | -5.32% | -154.18% | -25.47% | 26.94% |
| Income Tax | 252.51M | 173.67M | -15.73M | 229.2M | 230.46M | -9.74M | -25.55M | -500.29M | -30.49M | -251.03M | -280.75M | -338.68M | 396.5M | 33.86M | 12.05M | 35.56M | 50.91M | -4.86M | 193.83M | 98.76M | 121.75M | 66.37M | 24.55M | 18.49M | -3.36M | -406K | -1.57M | 1.6M | -54.47M | -11.8M | 6.8M |
| Effective Tax Rate % | 21.86% | 20.88% | -6.28% | 20.83% | 16.3% | -2.42% | 3.47% | 22.57% | 1.72% | -305.68% | 35% | 32.18% | 38.46% | 22.63% | 48.11% | 45.43% | 36.47% | 8.28% | 35.57% | 37.16% | 38.57% | 37.42% | 36.76% | 37.42% | -14.99% | -2.35% | -9.13% | -18.62% | 23.72% | 33.62% | 35.05% |
| Net Income | 902.6M | 658.02M | 266.34M | 871.14M | 1.18B | 411.78M | -711.78M | -1.72B | -1.75B | 333.15M | -521.39M | -713.68M | 634.38M | 115.72M | 13M | 58.03M | -239.26M | -53.87M | 351.04M | 230.57M | 158.7M | 111.01M | 42.23M | 35.41M | 25.77M | 17.66M | 36.58M | -7.8M | -175.15M | -23.3M | 12.6M |
| Net Margin % | 28.41% | 21.98% | 11.35% | 34.28% | 22.2% | 11.5% | -39.97% | -65.99% | -52.39% | 13.89% | -38.3% | -60.39% | 31.06% | 6.32% | 0.95% | 4.88% | -28.72% | -5.94% | 26.5% | 26.66% | 20.35% | 20.72% | 13.17% | 14.41% | 13.25% | 7.91% | 19.71% | -4.83% | -117.61% | -16.91% | 17.5% |
| Net Income Growth % | 232.75% | 147.06% | -69.43% | -26.38% | 187.38% | 157.85% | 58.53% | 1.73% | -624.24% | 163.9% | 26.94% | -212.5% | 448.19% | 790.03% | -77.59% | 124.25% | -344.14% | -115.35% | 52.25% | 45.28% | 42.96% | 162.87% | 19.25% | 37.45% | 45.88% | -51.71% | 568.95% | 95.55% | -651.72% | -284.92% | 186.36% |
| Net Income (Continuing) | 902.6M | 658.02M | 266.34M | 871.14M | 1.18B | 411.78M | -711.78M | -1.72B | -1.75B | 333.15M | -521.39M | -713.68M | 634.38M | 115.72M | 13M | 42.71M | 88.7M | -53.87M | 351.04M | 166.98M | 193.95M | 111.01M | 42.23M | 30.92M | 25.77M | 17.66M | 18.82M | -10.2M | -175.15M | -23.3M | 12.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.32M | -327.95M | 0 | 0 | 63.59M | -35.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.23M | 92.64M | 117.7M | 120M | 120M | 0 |
| EPS (Diluted) | 3.82 | 2.74 | 1.09 | 3.57 | 4.69 | 1.61 | -2.95 | -6.92 | -7.09 | 1.34 | -2.75 | -4.29 | 3.79 | 0.70 | 0.08 | 0.36 | -1.51 | -0.35 | 2.25 | 1.54 | 1.14 | 0.85 | 0.38 | 0.41 | 0.32 | 0.24 | 0.64 | -0.14 | -4.49 | -0.80 | 0.46 |
| EPS Growth % | 237.5% | 151.38% | -69.47% | -23.88% | 191.3% | 154.58% | 57.37% | 2.4% | -629.1% | 148.73% | 35.9% | -213.19% | 441.43% | 775% | -77.78% | 123.84% | -331.43% | -115.56% | 46.1% | 35.09% | 34.12% | 123.68% | -7.32% | 28.13% | 33.33% | -62.5% | 557.14% | 96.88% | -461.25% | -273.91% | 119.05% |
| EPS (Basic) | - | 2.76 | 1.10 | 3.61 | 4.79 | 1.65 | -2.95 | -6.92 | -7.10 | 1.34 | -2.75 | -4.29 | 3.81 | 0.71 | 0.08 | 0.36 | -1.53 | -0.35 | 2.32 | 1.60 | 1.19 | 0.89 | 0.40 | 0.42 | 0.32 | 0.24 | 0.65 | -0.14 | -4.49 | -0.80 | 0.47 |
| Diluted Shares Outstanding | 236.4M | 239.79M | 242.75M | 239.84M | 246.38M | 249.31M | 241.37M | 247.97M | 246.17M | 245.46M | 189.87M | 166.39M | 164.4M | 161.41M | 160.31M | 159.44M | 158.43M | 154.51M | 155.94M | 149.91M | 138.71M | 129.13M | 98M | 86.78M | 80.52M | 73.55M | 54.9M | 56.3M | 39.04M | 29.3M | 22.38M |
| Basic Shares Outstanding | 235.05M | 237.94M | 240.69M | 236.99M | 240.86M | 242.86M | 241.37M | 247.97M | 246.02M | 245.09M | 189.68M | 166.39M | 163.63M | 160.44M | 159.43M | 158.03M | 156.87M | 154.51M | 151.12M | 143.79M | 133.75M | 124.13M | 93.54M | 82.41M | 80.52M | 73.55M | 54.33M | 56.3M | 39.04M | 29.3M | 21.75M |
| Dividend Payout Ratio | - | 13.02% | 29.08% | 8.87% | 3.27% | - | - | - | - | 5.96% | - | - | 4.19% | 22.58% | 199.82% | 44.39% | - | - | 7.01% | 8.28% | 7.68% | 6.86% | 7.62% | 2.27% | - | 0.06% | 3.95% | - | - | - | 26.19% |
Commodity Price Volatility Exposure
As reported in the most recent quarterly financial statements, RRC achieved a significant revenue expansion to $1.0 billion in 2026Q1, representing a 22.2% year-over-year growth rate that suggests a successful capture of favorable market pricing and increased production volumes within the Appalachian Basin.
The acceleration in top-line performance appears to be driven by a combination of improved commodity realizations and operational scaling. Investors should monitor whether this growth trajectory is sustainable or if it remains highly sensitive to the cyclical nature of natural gas and NGL pricing.
According to the company's income statement data, gross margins surged to 63.0% in 2026Q1, a marked improvement from the 35.3% reported in 2025Q4, which indicates a potential increase in pricing power or a favorable shift in the product mix toward higher-margin NGLs.
This margin expansion suggests that the company is effectively managing its midstream and transportation cost structure relative to its revenue base. The volatility in historical margins warrants further investigation into whether this recent peak is a structural shift or a temporary benefit from favorable basis differentials.
Based on the provided figures, operating income scaled to $433.2 million in 2026Q1, demonstrating significant operating leverage as the company maintained SG&A expenses at a relatively stable $45.4 million despite the substantial increase in total revenue during the same period.
The ability to grow operating income faster than revenue suggests that the company's fixed-cost structure is being utilized with increasing efficiency. This trend may indicate that management has successfully optimized its drilling and completion programs to maximize output without proportional increases in overhead.
As indicated by the historical income statement data, net income has experienced significant fluctuations, such as the $341.6 million reported in 2026Q1 compared to $97.1 million in 2025Q1, which appears to be heavily influenced by non-operating items and commodity price hedging outcomes.
The variance in net income suggests that investors should focus on adjusted earnings metrics to strip out the impact of non-cash derivative fair value adjustments. The presence of stock-based compensation, while relatively modest, remains a factor that warrants ongoing monitoring to ensure alignment with shareholder interests.
While recent performance appears strong, the historical data shows that gross margins have been as low as 16.5% in 2024Q2, suggesting that the company remains highly vulnerable to regional basis differentials and the potential exhaustion of high-quality Tier 1 drilling locations.
Short-term margin expansion may be masking long-term risks associated with the depletion of core acreage and the burden of long-term firm transportation commitments. If production growth stalls or regional gas prices weaken, the company's fixed-cost structure could lead to rapid margin compression.
Quick answers to the most common questions about buying RRC stock.
For fiscal year 2025, Range Resources Corporation (RRC) reported total revenue of $2.99B. This represents a 4057.9% increase compared to $72.0M in 1996.
Range Resources Corporation (RRC) is profitable, generating $658.0M in net income for the fiscal year ending 2025 with a net profit margin of 22.0%.
Range Resources Corporation (RRC) reported an operating income of $835.6M, resulting in an operating profit margin of 27.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Range Resources Corporation (RRC) generated $1.02B in gross profit for the year, representing a gross profit margin of 34.1%. This demonstrates the company's core pricing power and production efficiency.