Range Resources Corporation Announces Second Quarter 2026 Results

Range Resources Corporation reported its second quarter 2026 financial results, with cash flow from operating activities at $235 million and cash flow from operations before working capital changes at $333 million. The company repurchased $78 million of shares and paid $24 million in dividends. Production averaged 2.30 Bcfe per day, with natural gas comprising approximately 67% of production. The company achieved record completion and drilling efficiencies. Capital spending was $222 million, representing 33% of the annual 2026 budget. For the second quarter of 2026, GAAP revenues were $834 million, GAAP net income was $195 million ($0.83 per diluted share), and cash flow from operations before working capital changes was $333 million. Adjusted net income was $186 million ($0.79 per diluted share). Unit costs decreased by 3% compared to the previous year. The company announced an updated 2026 natural gas differential guidance of NYMEX minus $0.35 to $0.40, and improved its full-year NGL price guidance to a range of +$2.00 to +$2.50 relative to Mont Belvieu. Crude oil and condensate differential guidance was also improved to WTI minus $10.00 to $12.00. As of June 30, 2026, net debt was approximately $881 million. The company repurchased 2,000,000 shares during the quarter.