AI Earnings Predictions for Range Resources Corporation (RRC)

EX-99.1

2 d174576dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

NEWS RELEASE

Range Announces Third Quarter 2026 Results

FORT WORTH, Texas, October 27, 2026…RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2026 financial results.

Third Quarter 2026 Highlights –

•

Cash flow from operating activities of $308 million

•

Cash flow from operations, before working capital changes, of $347 million

•

Capital spending was $170 million, approximately 25% of the annual 2026 budget

•

Realized price, including hedges, was $3.43 per mcfe – a $0.48 premium versus NYMEX natural gas

•

Pre-hedge NGL realizations of $27.54 per barrel, a premium of $1.54 over

the Mont Belvieu equivalent

•

Production averaged 2.50 Bcfe per day, approximately 68% natural gas

•

Record liquids production of 133,173 barrels per day

Dennis Degner, the Company’s CEO said, “Our third quarter results showed consistent progress on our multi-year development plan, as key infrastructure was commissioned in Range’s liquids-rich area. As a result of strong well performance and expanded infrastructure, Range’s liquids production increased to a Company record of over 130,000 barrels per day. Increased liquids production, paired with strategic access to international markets, drove strong cash margins and free cash flow during the quarter, further bolstering Range’s financial position.

“We have considerable momentum across our business and will be exiting 2026 in the strongest position in Range’s history. We believe our pending transaction with EQT Corporation is a natural next step in our journey that will allow us to scale our business, expand our reach to meet demand and accelerate our mission. With EQT, we will have improved market access, best-in-class inventory, enhanced cash flow generation, and fortified resiliency to drive profitable growth and shareholder value creation through commodity cycles. We look forward to completing the transaction and unlocking its compelling benefits for our team, customers, partners and shareholders.”

Financial Discussion

Except for generally accepted accounting principles (“GAAP”) reported amounts, specific expense categories exclude non-cash impairments, unrealized mark-to-market adjustment on derivatives, non-cash stock compensation and other items shown separately on the attached tables. “Unit costs” as used in this release are composed of direct operating, transportation, gathering, processing and compression, taxes other than income, general and administrative, interest and depletion, depreciation and amortization costs divided by production. See “Non-GAAP Financial Measures” for a definition of non-GAAP financial measures and the accompanying tables that reconcile each non-GAAP measure to its most directly comparable GAAP financial measure.

Third Quarter 2026 Results

GAAP revenues and other income for third quarter 2026 totaled $843 million, GAAP net cash provided from operating activities (including changes in working capital) was $308 million, and GAAP net income was $175 million ($0.75 per diluted share). Third quarter earnings results include a $58 million mark-to-market derivative gain due to decreases in commodity prices.

Cash flow from operations before changes in working capital, a non-GAAP measure, was $347 million. Adjusted net income comparable to analysts’ estimates, a non-GAAP measure, was $191 million ($0.81 per diluted share) in third quarter 2026.

The following table details Range’s third quarter 2026 unit costs per mcfe(a):

Expenses

3Q 2026

(per mcfe)

3Q 2025

(per mcfe)

Increase (Decrease)

Direct operating(a)

$ 0.13

$ 0.11

18 %

Transportation, gathering, processing and compression(a)

1.52

1.47

3 %

Taxes other than income

0.03

0.04

(25 )%

General and administrative(a)

0.16

0.17

(6 )%

Interest expense(a)

0.06

0.11

(45 )%

Total cash unit costs(b)

1.91

1.91

0 %

Depletion, depreciation and amortization (DD&A)

0.44

0.46

(4 )%

Total unit costs plus DD&A(b)

$ 2.35

$ 2.37

(1 )%

(a)

Excludes stock-based compensation, one-time settlements, and

amortization of debt issuance costs.

(b)

Totals may not add due to rounding.

The following table details Range’s average production and realized pricing for third quarter 2026(a):

3Q26 Production & Realized Pricing

Natural Gas (mcf)

Oil (bbl)

NGLs (bbl)

Natural Gas Equivalent (mcfe)

Net production per day

1,700,068

6,499

126,674

2,499,104

Average NYMEX price

$ 2.95

$ 85.60

$ 26.00

Differential, including basis hedging

(0.55 )

(10.03 )

1.54

Realized prices before NYMEX hedges

2.40

75.57

27.54

3.23

Settled NYMEX hedges

0.34

(6.24 )

(0.07 )

0.21

Average realized prices after hedges

$ 2.74

$ 69.33

$ 27.47

$ 3.43

(a)

Totals may not add due to rounding.

Third quarter 2026 natural gas, NGLs and oil price realizations (including the impact of cash-settled hedges and derivative settlements) averaged $3.43 per mcfe.

•

The average natural gas price, including

8-K

0000315852false00003158522026-10-142026-10-14

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 14, 2026

RANGE RESOURCES CORPORATION

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-12209

34-1312571

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

100 Throckmorton Street, Suite 1200

Fort Worth, Texas

76102

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (817) 870-2601

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

RRC

New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02. Results of Operations and Financial Condition.

Range Resources Corporation ("Range") expects to report a total gain on derivatives of $58.1 million for the three months ended September 30, 2026.

In addition, for the three months ended September 30, 2026, Range expects to report net cash settlements received as shown below (in thousands):

Three Months Ended September 30, 2026

Net cash receipt on derivative settlements:

Natural gas derivatives

$

52,763

Natural gas basis derivatives

3,621

Oil derivatives

(3,732

)

NGLs derivatives

(797

)

Total net cash receipt(a)

$

51,855

(a) As expected to be reported on the statement of cash flows.

The dollar amounts included in this current report are preliminary and subject to change. Final dollar amounts for the three months ended September 30, 2026 will be reported in our Quarterly Report on Form 10-Q for the period ended September 30, 2026 or in the corresponding earnings release.

The information contained in this current report shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

RANGE RESOURCES CORPORATION

By:

/s/ MARK S. SCUCCHI

Mark S. Scucchi

Executive Vice President — Chief Financial Officer

Date: October 14, 2026

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