NYSE$RRC

Range Resources Corp · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Range Resources reported Q4 2025 GAAP net income of $179M ($0.75 diluted EPS) on revenues of $820M, with adjusted EPS of $0.82.

Fourth-quarter GAAP net income was $179 million ($0.75 per diluted share) on revenues of $820 million. Adjusted net income was $195 million ($0.82). 2026 capital budget is $650–$700 million targeting production of 2.35–2.40 Bcfe per day, rising to 2.6 Bcfe per day in 2027.

  • Q4 GAAP net income $179M; adjusted EPS $0.82.
  • 2025 production averaged 2.24 Bcfe/d (69% gas).
  • Board expects 11.1% dividend increase to $0.10 per share.
  • 2026 capex $650–$700M; production 2.35–2.40 Bcfe/d.

Headline financials

Total Revenue

$820M

Previous: $626M+31.0%
EPS (adj)

$0.82

Previous: $0.68+20.6%
Natural Gas Production (mcf)

147.5M

Previous: 138.5M+6.5%
NGL Production (bbl)

10.4M

Previous: 10.2M+2.1%
Oil Production (bbl)

492.4K

Previous: 462.6K+6.5%
Total Production (mcfe)

213.1M

Previous: 202.6M+5.2%
Avg Daily Gas Production (mcf)

1.6M

Previous: 1.5M+6.5%
Realized Price per mcfe

$3.61

No prior period
Gas Differential to NYMEX

-$0.32

No prior period
Pre-hedge NGL Price per bbl

$23.10

No prior period
Total Capital Spending

$183M

No prior period
Drilling & Completion Spend

$167M

No prior period
Lateral Feet Drilled (FY)

1.0M

No prior period
Lateral Feet Turned to Sales (FY)

636.0K

No prior period
Net Income

$179M

Previous: $95M+88.4%
Operating Income

$237M

Previous: $64M+269.5%

Revenue & EPS history

Range Resources · Revenue · Quarterly

$820M

Q4 2025+31%vs Q4 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Range Resources · $527M total across 3 segments · Q3 2023

  • Natural Gas Sales
    $247M-76.6%
  • NGLs Sales
    $238M-26.9%
  • Oil Sales
    $41.5M-24.9%

Forward guidance

2026 all-in capital of $650–$700M targets production of 2.35–2.40 Bcfe/d, rising to 2.6 Bcfe/d in 2027 with dividend increase to $0.10.

Tailwinds

  • 500,000+ feet of DUC inventory entering 2026.
  • 10-year 75 Mmcf/d Midwest power supply agreement signed.
  • Debt to EBITDAX 0.8x at year-end 2025.

Headwinds

  • Commodity price volatility affects cash flow.
  • Direct operating costs per mcfe rose 17% YoY in Q4.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.7%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.3%

Avg return

30 days after

57%

41 / 72 earnings

Positive

+18.9%

Q2 2020

Best reaction

-16.9%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.3%+3.0%-0.1%
Q4 2025+1.6%+6.1%+21.8%
Q3 2025-5.4%-0.1%+6.8%
Q1 2025+2.3%+5.9%+18.8%
Q4 2024+2.8%-1.8%+1.7%
Q3 2024+3.3%+4.6%+18.8%
Q2 2024-5.4%-5.5%-10.3%
Q1 2024+4.6%+3.3%-0.5%
Q4 2023+4.1%-4.7%+1.0%
Q3 2023-1.3%+0.1%-3.6%
Q2 2023+1.0%+4.2%+3.0%
Q1 2023-1.6%+3.7%+16.9%
Q4 2022-4.7%+8.2%-2.6%
Q3 2022+10.6%+5.0%+15.2%
Q2 2022+11.4%+11.3%+16.9%
Q1 2022+1.9%-1.1%+14.7%
Q4 2021+10.9%+14.9%+57.7%
Q3 2021-6.5%-11.0%-18.7%
Q2 2021-2.6%-0.5%-8.9%
Q1 2021+10.3%+11.2%+55.3%
Q4 2020+3.8%+3.3%+1.4%
Q3 2020-16.9%-19.7%-1.8%
Q2 2020+18.9%+27.9%+7.6%
Q1 2020-1.5%-3.9%-2.6%
Q4 2019-1.1%-2.9%-21.1%
Q3 2019+1.6%+11.5%+2.4%
Q2 2019-7.0%+0.2%-32.4%
Q1 2019-0.7%-5.2%-17.2%
Q4 2018-0.1%+3.1%+1.5%
Q3 2018-5.9%-5.1%-3.7%
Q2 2018+6.6%+7.6%+14.5%
Q1 2018+5.4%+3.1%+13.2%
Q4 2017-1.9%+8.1%+7.3%
Q3 2017-2.0%-2.1%-4.1%
Q2 2017-15.2%-15.3%-17.8%
Q1 2017+0.3%-3.6%-12.1%
Q4 2016-4.9%-8.9%-9.0%
Q3 2016-3.3%-4.5%+1.7%
Q2 2016-1.3%-1.7%-2.2%
Q1 2016+5.3%
Q4 2015+2.3%
Q3 2015+3.0%
Q2 2015+0.9%
Q1 2015+1.3%
Q4 2014+5.0%
Q3 2014-2.0%
Q2 2014+1.9%
Q1 2014-1.4%
Q4 2013-3.0%
Q3 2013+5.1%
Q2 2013+6.1%
Q1 2013-1.6%
Q4 2012+5.3%
Q3 2012-2.0%
Q2 2012-1.6%
Q1 2012+6.2%
Q4 2011-0.2%
Q3 2011+4.6%
Q2 2011+0.8%
Q1 2011+0.9%
Q4 2007+0.5%
Q4 2010+0.5%
Q3 2010+2.0%
Q2 2010-4.6%
Q1 2009-4.7%
Q1 2010+1.6%
Q4 2009+0.8%
Q3 2009-5.9%
Q3 2008-5.9%
Q2 2009+4.2%
Q4 2008+4.2%
Q2 2008+4.2%

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