other material
confidence high
sentiment negative
materiality 0.70
Range Resources Q1 2022 derivative loss of $939M; non-cash loss $806M, cash payments $133M
RANGE RESOURCES CORP
- Derivative fair value loss of $939M for three months ended March 31, 2022.
- Non-cash fair value loss of $806M: natural gas ($742M), oil ($53M), NGLs ($18M), freight ($0.1M), offset by divestiture gain of $8M.
- Net cash payments on derivative settlements total $133M: natural gas $99M (incl. $16M basis gain), oil $21M, NGLs $12M.
- Preliminary estimate; full Q1 earnings release not yet provided.