Range Resources Q1: production 2.1 Bcfe/d, realizations $5.63/mcfe, debt cut $350M

RANGE RESOURCES CORP

2022-Q1 EPS reported -$1.86 revenue$180,736,000

First quarter production averaged 2,071 Mmcfe per day (~70% natural gas); pre-hedge NGL realization $40.03/bbl.
Reduced outstanding debt by $350M after redeeming 2026 senior notes in January.
Repurchased 600,000 shares in March at an average price of $27.00 per share.
Borrowing base reaffirmed at $3.0B with $1.5B elected commitment in April.
Capital spending was $117M (25% of 2022 budget); CEO cites record free cash flow and cash flow per share.

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