earnings
confidence high
sentiment neutral
materiality 0.70
Range Resources Q2 2024 cash flow ops $149M, production 2.15 Bcfe/d
RANGE RESOURCES CORP
2024-Q2 EPS reported
$0.49
revenue$1,175,412,000
- Cash flow from operations $149M; before working capital changes $237M.
- Capital spending $175M (27% of 2024 budget); NGL realizations $24.35/bbl ($1.26 premium).
- Natural gas differentials averaged ($0.41)/mcf to NYMEX; production 69% gas.
- Repurchased $48M face value of 2025 senior notes at discount; 600K shares at $33.42.
- CEO cites resilience, free cash flow generation despite low natural gas prices.