other material
confidence high
sentiment neutral
materiality 0.60
Range Resources pre-announces Q3 derivative fair value income of $38.4M; net cash receipt $77.4M
RANGE RESOURCES CORP
- Derivative fair value income for Q3 2023 expected at $38.4M.
- Non-cash fair value loss of $39.0M, mainly from natural gas derivatives (-$26.2M).
- Net cash receipt on derivative settlements $77.4M, including $82.5M from natural gas and -$5.0M from oil.
- Settlements include $63.9M from NYMEX natural gas swaps and $18.6M from basis derivatives.