- Range Resources (RRC, Financial) reported strong Q1 2025 results with $97 million net income and $330 million cash flow from operations.
- The company returned $90 million to shareholders and reduced net debt by $42 million.
- Average production reached 2.20 Bcfe per day, primarily driven by natural gas at 69%.
Range Resources Corporation (RRC) has announced robust financial results for the first quarter of 2025, highlighting a series of strategic financial maneuvers and operational efficiencies. The company achieved a GAAP net income of $97 million, equating to $0.40 per diluted share. Cash flow from operations amounted to $330 million, setting a strong financial foundation as the year progresses.
Before changes in working capital, the cash flow reached $397 million. The company's capital returns strategy included $68 million in share repurchases and $22 million in dividend payments, which collectively amounted to $90 million. In addition, Range Resources successfully reduced its net debt by $42 million, reinforcing its balance sheet resiliency.
Capital spending for the quarter was approximately $147 million, representing 22% of the planned annual capital expenditure budget for 2025. The company's average production was recorded at 2.20 Bcfe per day, with natural gas contributing to 69% of the total output.
The company managed to secure a realized price of $4.02 per mcfe, inclusive of hedging. Notably, the natural gas price differential was competitively tight at ($0.15) per mcf relative to NYMEX. Furthermore, NGL realizations were notably strong, with prices averaging $27.79 per barrel, outperforming the Mont Belvieu equivalent by $1.05 per barrel.
Committed to enhancing future demand and operational sustainability, Range Resources is collaborating on a power generation facility project in Washington County, PA. This initiative targets the energy demands of data centers and industrial enterprises, potentially ensuring consistent long-term demand for the company's natural gas resources.
