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Dec 31, 2024
Range Resources Q4 2024 Earnings Report
Range Resources reported solid performance with positive net income in Q4 2024.
Key Takeaways
Range Resources reported Q4 2024 revenue of $626 million and net income of $95 million, driven by strong natural gas production and price realizations. The company maintained a disciplined capital program and delivered positive free cash flow despite a challenging commodity price environment.
Revenue for Q4 2024 was $626 million.
Net income for Q4 2024 was $95 million.
Natural gas production averaged 1.505 Bcf per day.
Fourth quarter natural gas, NGLs, and oil price realizations averaged $3.48 per mcfe.
Range Resources
Range Resources
Range Resources Revenue by Segment
Revenue by Segment
Natural Gas Sales Revenue
CapyFin.comNGLs Sales Revenue
CapyFin.comOil and Condensate Sales Revenue
CapyFin.com Forward Guidance
Range Resources expects modest production growth in 2025 while maintaining a disciplined capital program and focusing on free cash flow generation.
Positive Outlook
- 2025 capital budget of $650 million to $690 million.
- Targeting annual production of approximately 2.2 Bcfe per day.
- Strong balance sheet with reduced debt levels.
- Continued focus on natural gas and NGLs production.
- Expected benefits from increased natural gas export capacity in 2026.
Challenges Ahead
- Potential volatility in natural gas prices.
- Continued impact from rising interest expenses.
- Ongoing high capital expenditures.
- Uncertainty in commodity price differentials.
- Cost pressures due to inflation in the supply chain.
Revenue & Expenses
Visualization of income flow from segment revenue to net income