earnings
confidence medium
sentiment positive
materiality 0.60
Range Resources Q1 cash flow $332M, net debt below $1.5B
RANGE RESOURCES CORP
2024-Q1 EPS reported
$0.38
revenue$645,369,000
- Cash flow from operations was $332M; capital spending $170M (26% of 2024 budget).
- Pre-hedge NGL realizations $26.24/bbl, a $1.91 premium over Mont Belvieu.
- Natural gas differentials avg ($0.09)/mcf to NYMEX; production 2.14 Bcfe/d (68% gas).
- Net debt reduced below $1.5B; CEO cites strongest balance sheet in company history.