Range Resources (Range Resources) EBIT : $730 Mil (TTM As of Mar. 2024)

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What is Range Resources EBIT?

Range Resources's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $141 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $730 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Range Resources's annualized ROC % for the quarter that ended in Mar. 2024 was 5.70%. Range Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Range Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.82%.

Range Resources EBIT Historical Data

The historical data trend for Range Resources's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Range Resources EBIT Chart

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-2,022.30

-544.66

629.37

1,578.98

1,224.35

Range Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															635.53	76.06	95.73	417.03	140.82

Competitive Comparison of Range Resources's EBIT

For the Oil & Gas E&P subindustry, Range Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Range Resources's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Range Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Range Resources's EV-to-EBIT falls into.

Range Resources EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $730 Mil.

Range Resources (NYSE:RRC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Range Resources's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	452.64 * ( 1 - 16.5% )	/	( (6542.353	+	6720.32)	/ 2 )
=	377.9544	/	6631.3365
=	5.70 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7203.885	-	449.558	-	( 211.974	-	max(0, 583.086	-	870.124	+	211.974	))
=	6542.353

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7371.801	-	428.117	-	( 343.111	-	max(0, 638.276	-	861.64	+	343.111	))
=	6720.32

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Range Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	563.272	/	( ( (6143.198 + max(67.064, 0))	+	(6350.685 + max(-46.703, 0)) )	/	2 )
=	563.272	/	( ( 6210.262	+	6350.685 )	/	2 )
=	563.272	/	6280.4735
=	8.97 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(274.669	+	0	+	375.481)	-	(449.558	+	0	+	133.528)
=	67.064

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(167.215	+	0	+	343.314)	-	(428.117	+	0	+	129.115)
=	-46.703

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Range Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	729.637	/	10699.402
	=	6.82 %

Range Resources EBIT Related Terms

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Range Resources (Range Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (NYSE:RRC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

RAX:Germany RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.

Executives

Dori Ginn	officer: Principal Financial Officer	100 THROCKMORTON SUITE 1200, FORT WORTH TX 76102
Charles G. Griffie	director	1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Reginal Spiller	director	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Greg G Maxwell	director	600 N. DAIRY ASHFORD, HOUSTON TX 77079
Erin W Mcdowell	officer: SVP & General Counsel	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Mark Scucchi	officer: SVP & CFO	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Dennis Degner	officer: SVP & COO	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
James M Funk	director	FOUR ALLEGHENY CENTER, 9TH FLOOR, PITTSBURGH PA 15212-5355
Jeffrey L Ventura	officer: President and COO	C/O RANGE RESOURCES CORPORATION, 100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102
David P Poole	officer: Sr. VP & General Counsel	100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102
Steven D Gray	director	125 W. MISSOURI AVE., SUITE 450, MIDLAND TX 79701
Steffen E Palko	director
Margaret K Dorman	director	C/O SMITH INTERNATIONAL INC, PO BOX 60068, HOUSTON TX 77205
Sailingstone Capital Partners Llc	10 percent owner	100 WAUGH DRIVE, SUITE 600, HOUSTON TX 77007
Settles Kenneth L Jr	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111