$RRC

RANGE RESOURCES CORP

CIK:0000315852|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues and other income:
Total Revenues from Contracts with Customers	$ 759,583	$ 699,647	$ 1,827,064	$ 1,545,975
Derivative fair value income (loss)	73,540	154,747	40,111	(4,210)
Other income	448	1,881	566	5,064
Total revenues and other income	833,571	856,275	1,867,741	1,546,829
Costs and expenses:
Taxes other than income	6,926	7,835	12,749	14,822
Brokered natural gas, NGLs and marketing	59,337	34,985	117,460	93,186
Exploration	6,498	7,928	12,528	14,319
Abandonment and impairment of unproved properties	4,561	6,781	8,458	11,355
General and administrative	47,707	42,146	93,058	83,837
Exit costs	9,569	8,502	16,519	17,399
Deferred compensation plan	(1,756)	(88)	787	2,791
Interest	14,417	26,796	33,836	55,957
Loss (gain) on early extinguishment of debt	0	0	12,344	(3)
Depletion, depreciation and amortization	93,082	91,514	181,608	182,073
Total costs and expenses	584,944	554,233	1,185,953	1,135,052
Income before income taxes	248,627	302,042	681,788	411,777
Income tax expense:
Current	2,629	4,645	8,430	6,645
Deferred	50,675	59,819	136,405	70,502
Income tax expense	53,304	64,464	144,835	77,147
Net income	$ 195,323	$ 237,578	$ 536,953	$ 334,630
Net income per common share:
Basic	$ 0.83	$ 0.99	$ 2.28	$ 1.4
Diluted	0.83	0.99	2.27	1.39
Dividends declared per share	$ 0.1	$ 0.09	$ 0.2	$ 0.18
Weighted average common shares outstanding:
Basic	234,739	238,187	234,893	239,106
Diluted	236,210	239,717	236,348	240,772
Natural Gas, NGLs and Oil Sales
Revenues and other income:
Total Revenues from Contracts with Customers	$ 702,087	$ 666,638	$ 1,712,339	$ 1,458,558
Brokered Natural Gas, NGLs and Marketing
Revenues and other income:
Total Revenues from Contracts with Customers	57,496	33,009	114,725	87,417
Direct Operating
Costs and expenses:
Costs and expenses	27,791	23,120	56,465	48,493
Transportation, Gathering, Processing and Compression
Costs and expenses:
Costs and expenses	$ 316,812	$ 304,714	$ 640,141	$ 610,823

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities:
Net income	$ 536,953	$ 334,630
Adjustments to reconcile net income to net cash provided from operating activities:
Deferred income tax expense	136,405	70,502
Depletion, depreciation and amortization	181,608	182,073
Abandonment and impairment of unproved properties	8,458	11,355
Derivative fair value (income) loss	(40,111)	4,210
Cash settlements on derivative financial instruments	(14,007)	36,039
Divestiture contract obligation, including accretion	16,519	17,399
Amortization of debt issuance costs and other	2,190	2,144
Deferred and stock-based compensation	25,823	26,130
Gain on the sale of assets	(29)	(164)
Loss (gain) on early extinguishment of debt	12,344	(3)
Changes in working capital:
Accounts receivable	68,779	68,064
Other current assets	(85)	(8,510)
Accounts payable	6,322	9,158
Accrued liabilities and other	(87,018)	(86,754)
Net cash provided from operating activities	854,151	666,273
Investing activities:
Additions to natural gas, NGLs and oil properties	(331,205)	(279,990)
Additions to field service assets and other	(7,407)	(1,100)
Acreage purchases	(16,192)	(36,443)
Proceeds from disposal of assets	58	149
Purchases of marketable securities held by the deferred compensation plan	(6,472)	(17,870)
Proceeds from the sales of marketable securities held by the deferred compensation plan	8,288	22,929
Net cash used in investing activities	(352,930)	(312,325)
Financing activities:
Borrowings on credit facility	1,725,000	447,000
Repayments on credit facility	(1,462,000)	(322,000)
Repayment of senior notes	(608,250)	(608,699)
Dividends paid	(47,466)	(43,084)
Treasury stock purchases	(105,476)	(120,358)
Taxes paid for employee shares withheld	(20,926)	(21,361)
Change in cash overdrafts	15,803	(1,937)
Proceeds from the sales of common stock held by the deferred compensation plan	2,137	12,135
Net cash used in financing activities	(501,178)	(658,304)
Increase (decrease) in cash and cash equivalents	43	(304,356)
Cash and cash equivalents at beginning of period	204	304,490
Cash and cash equivalents at end of period	$ 247	$ 134