- Range Resources reported natural gas production of 1.51 million Mcf/d in Q1, marking a 3.6% increase compared to the previous year.
- NGL production reached 110,222 barrels per day, a 2.8% increase year-over-year, aligning with the company’s estimates.
- The average realized natural gas price was $3.64 per Mcf, up 23% from the previous year, exceeding the estimated $3.59.
- The realized oil price per barrel was $61.72, which is a decrease of 8.1% compared to the previous year but slightly above the estimated $60.09.
- Realized NGL price per barrel improved by 5.8% to $27.75, surpassing the estimate of $27.19.
- Average realized natural gas equivalent price per Mcfe was $4.02, showing a 14% increase year-over-year, meeting the estimate of $4.01.
- Average natural gas price excluding derivative settlements was $3.61, a sharp 76% rise from the previous year, above the estimated $3.47.
- The average oil price per barrel, excluding derivative settlements, was $61.12, experiencing a 5.4% drop year-over-year, slightly exceeding the estimate of $60.34.
- Average NGL price per barrel, excluding derivative settlements, increased by 5.9% to $27.79, surpassing the estimated $27.24.
- Average gas equivalent price per Mcfe, excluding derivative settlements, was $4.00, a 37% increase from 2024, exceeding the estimated $3.87.
- Range Resources maintains its 2025 capital expenditure forecast between $650 million and $690 million, aligning with the estimate of $671.6 million.
- The company anticipates a natural gas differential of ($0.40) to ($0.48) relative to NYMEX for 2025.
- Full-year NGL price guidance has been improved, projected at +$0.25 to +$1.25 relative to a Mont Belvieu equivalent barrel.
- The company expects growing demand for natural gas and NGLs, supported by consistent well results and long-life assets.
- Analysts’ ratings for Range Resources are composed of 11 buys, 18 holds, and 1 sell.
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Range Resources on Smartkarma
Range Resources has been receiving positive analyst coverage on Smartkarma, with Baptista Research publishing insights on the company’s recent performance. In a report titled “Range Resources Corporation: Intensifying Margins & Focus on Reducing Breakeven Costs For Upping Their Game!”, the analysts highlighted the company’s ability to maintain operational performance amidst challenging natural gas prices. Range Resources achieved positive free cash flow, allowing for share repurchases, dividend distributions, and meeting balance sheet targets. The company’s resilience is credited to low capital intensity, efficient operations, diverse production streams, and a significant liquids business.
In another report by Baptista Research, “Range Resources Corporation: Enhanced Market Position Through MVP Expansion & Other Major Drivers”, analysts delved into the nuanced earnings of the company for the third quarter of 2024. The analysis underlined the complexities of the energy sector amid fluctuating markets. CEO Dennis Degner and CFO Mark Scucchi’s strategic focus on consistent performance and resilience through operational efficiencies and financial prudence was emphasized. Baptista Research also conducted an independent valuation of Range Resources using a Discounted Cash Flow methodology to evaluate future price influences.
A look at Range Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Range Resources Corporation, an independent oil and gas company focusing on exploration, development, and acquisition of properties, has a mixed outlook based on the Smartkarma Smart Scores. While the company receives above-average scores in Momentum and Value, indicating positive market trends and good financial standing, its scores for Dividend, Growth, and Resilience are moderate. This suggests that Range Resources may face challenges in terms of dividend payments, growth opportunities, and overall resilience in the long term.
Operating primarily in the Southwestern, Appalachian, and Gulf Coast regions of the United States, Range Resources Corporation faces a landscape where market dynamics and financial performance play crucial roles in shaping its future. With a cautious eye on its moderate scores for Dividend, Growth, and Resilience, investors may need to closely monitor the company’s strategies and adaptability to navigate potential obstacles and seize opportunities in the evolving oil and gas sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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