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Mar 31
Range Resources Q1 2025 Earnings Report
Range Resources reported a profitable Q1 2025 with solid earnings and strong operational performance.
Key Takeaways
Range Resources delivered solid Q1 results with strong cash flow generation, profitable operations, and strategic capital returns, despite a derivative loss impacting GAAP earnings.
Reported net income of $97,052,000 and adjusted EPS of $0.96.
Generated $330,083,000 in operating cash flow and $397,391,000 before working capital changes.
Repurchased $68,000,000 in shares and reduced net debt by $42,244,000.
Average production reached 2.2 Bcfe per day, with 69% natural gas.
Range Resources
Range Resources
Range Resources Revenue by Segment
Range Resources Revenue by Geographic Location
Revenue by Segment
Natural Gas Sales Revenue
CapyFin.comNGLs Sales Revenue
CapyFin.comOil and Condensate Sales Revenue
CapyFin.comRevenue by Geographic Location
Total Revenue
CapyFin.com Forward Guidance
Range expects stable production levels for 2025 with disciplined capital spending and improved price differentials, while continuing to return capital to shareholders.
Positive Outlook
- Annual production guidance of ~2.2 Bcfe/day re-affirmed.
- Liquids expected to contribute over 30% of total 2025 production.
- Natural gas price differential guidance improved to ($0.40)–($0.48).
- NGLs pricing expected to average $0.25 to $1.25 above Mont Belvieu.
- Continued share repurchases with $949M remaining under buyback program.
Challenges Ahead
- Ongoing negative price differential in condensate expected at ($10.00) to ($15.00) vs WTI.
- No increase in production forecast despite capital investments.
- Derivative losses of $159M impacted current quarter results.
- Elevated transportation and compression expenses continue to weigh on margins.
- Cash margins are sensitive to commodity price volatility and hedge effectiveness.
Revenue & Expenses
Visualization of income flow from segment revenue to net income