Range Resources (NYSE:RRC) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Range Resources (NYSE:RRC) issued its quarterly earnings data on Tuesday. The oil and gas exploration company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.06, Briefing.com reports. The company had revenue of $842.83 million during the quarter, compared to analysts’ expectations of $795.19 million. During the same quarter last year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 12.6% on a year-over-year basis.

Range Resources Stock Up 4.9%

Shares of RRC opened at $56.18 on Wednesday. Range Resources has a fifty-two week low of $32.68 and a fifty-two week high of $56.47. The firm’s 50 day moving average price is $41.32 and its 200 day moving average price is $40.01.

Range Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 11th.

Range Resources News Summary

Here are the key news stories impacting Range Resources this week:

• Positive Sentiment: Q3 earnings beat expectations: Range reported adjusted earnings of $0.81 per diluted share, above the $0.75 consensus estimate, while revenue reached $842.8 million versus expectations of $795.2 million. Revenue increased 12.6% year over year. Range Resources Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Operational performance improved: Record liquids production of 133,173 barrels per day, higher production volumes, a $3.43 per mcfe realized price including hedges, and $308 million of operating cash flow supported stronger margins and financial flexibility. Cash flow before working-capital changes was $347 million. Range Announces Third Quarter 2026 Results
• Positive Sentiment: EQT merger supports the stock: EQT plans to acquire Range in an all-stock transaction, with Range shareholders receiving 0.987 EQT shares for each RRC share. The companies expect more than $325 million in annual synergies within two years, improved market access, and enhanced cash-flow generation. Range Resources Surges After EQT Agrees to Buy the Company
• Neutral Sentiment: Merger remains subject to approvals: The transaction is expected to close in the first quarter of 2027, but requires shareholder and regulatory approval. Because the consideration is EQT stock, RRC’s implied value will continue to fluctuate with EQT’s share price.
• Negative Sentiment: Analyst downgrade adds pressure: Texas Capital lowered Range Resources from “strong buy” to “hold,” signaling reduced upside after the recent rally and merger repricing. Texas Capital analyst recommendations
• Negative Sentiment: Shareholder-law-firm investigations: Multiple firms are reviewing whether the EQT offer fairly values RRC and whether the merger process adequately protected shareholders. These reviews could create litigation, delay, or deal-completion risks. Shareholder alert investigation

Analysts Set New Price Targets

A number of research firms recently weighed in on RRC. Stifel Nicolaus began coverage on shares of Range Resources in a research report on Thursday, September 10th. They set a “hold” rating and a $46.00 price objective for the company. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price target on shares of Range Resources in a research report on Tuesday, October 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Range Resources in a research note on Monday, October 5th. Wells Fargo & Company cut their price objective on Range Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Finally, UBS Group cut their price objective on Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.78.

Insider Buying and Selling

In other Range Resources news, Director Reginal Spiller sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $40.00, for a total value of $140,000.00. Following the completion of the transaction, the director owned 13,421 shares of the company’s stock, valued at $536,840. This trade represents a 20.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

About Range Resources

Range Resources Corporation is an independent natural gas, natural gas liquids and oil exploration and production company. Its operations are concentrated in the Appalachian Basin, particularly the Marcellus Shale in southwestern Pennsylvania, where the company develops unconventional wells and produces natural gas, condensate and natural gas liquids.

The company’s activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing hydrocarbons.