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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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