earnings
confidence high
sentiment neutral
materiality 0.45
Range Resources reports Q3 derivative net cash receipt of $112M, non-cash loss of $65M
RANGE RESOURCES CORP
2024-Q3 EPS reported
$0.70
revenue$1,790,445,000
- Net derivative fair value income of $47.1M for Q3 2024.
- Non-cash fair value loss of $65.1M, primarily from natural gas derivatives (-$75.0M).
- Net cash receipt on derivative settlements of $112.3M, including $107.9M from natural gas derivatives.
- Settled NYMEX natural gas derivatives contributed $112.6M income; settled basis derivatives had a $4.7M loss.