secwatch.observer — SEC 8-K summary
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Issuer:     RANGE RESOURCES CORP (RRC)
CIK:        0000315852
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000950170-22-006309
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315852/000095017022006309/0000950170-22-006309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315852/000095017022006309/rrc-20220426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-006309

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