RRC - Range Resources Corp Stock Price Quote - NYSE | Morningstar

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Range Resources Enjoying Record Cash Flows in 2022, but Further Inflation Expected in 2023 and On

Director Dave Meats

Dave Meats, CFA Director

Analyst Note

| Dave Meats, CFA | Jul 26, 2022

We have lowered our fair value estimate for Range Resources to $34 per share from $36 after incorporating second-quarter results. The decrease reflects inflationary pressures in 2023. While the firm is seeing higher costs in 2022 as well, this was fully incorporated into our previous model and 2022 capital expenditure guidance was unchanged. The shares surged ahead regardless on the day of the release.

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Key Statistics RRC

Company Profile RRC

Business Description

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2021, Range's proved reserves totaled 17.8 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.

Contact

100 Throckmorton Street, Suite 1200
Fort Worth, TX, 76102

T +1 817 870-2601

lsando@rangeresources.com

Industry Oil & Gas E&P

Most Recent Earnings Jun 30, 2022

Fiscal Year End Dec 31, 2022

Stock Type Hard Assets

Employees 527

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