earnings
confidence high
sentiment positive
materiality 0.60
Range Resources Q1 2023 cash flow $475M; production 2.14 Bcfe/d
RANGE RESOURCES CORP
2023-Q1 EPS reported
$1.95
revenue$1,186,360,000
- Cash flow from operating activities of $475M; cash flow before working capital changes of $400M.
- Capital spending $152M, about 26% of 2023 budget; share repurchases of 400k shares at avg $24.16.
- Price realizations incl hedges $4.00/mcfe ($0.54 premium to NYMEX); NGL realizations $27.60/bbl.
- Production averaged 2.14 Bcfe per day, ~70% natural gas; CEO cites best operational and financial shape.