Range Resources expects Q1 derivative fair value income of $368M; non-cash gain of $333M

RANGE RESOURCES CORP

Derivative fair value income of $367.967M for three months ended March 31, 2023.
Non-cash fair value gain of $333.499M, driven by $327.38M from natural gas derivatives.
Net cash receipt on derivative settlements of $34.468M, including $36.65M from natural gas.
Oil derivatives contributed $10.039M non-cash gain; divestiture contingent consideration had $3.92M loss.
Preliminary estimate of derivative mark-to-market impact on Q1 2023 earnings.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RANGE RESOURCES CORP reported preliminary financial results for three months ended March 31, 2023.

Period: three months ended March 31, 2023
Result: preliminary results

Exact text from the filing

The following table summarizes the net derivative fair value income that Range Resources Corporation expects to report in earnings for the three months ended March 31, 2023 (in thousands):

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Source: SEC EDGAR

accession 0000950170-23-012790

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