$RRC · RANGE RESOURCES CORP
Range Resources reported Q3 2026 results with GAAP revenues of $843M, GAAP net income of $175M ($0.75/share), and adjusted EPS of $0.81. Production averaged 2.50 Bcfe/day with record liquids output of 133,173 barrels/day. Cash flow from operations before working capital changes was $347M. The company skipped its conference call due to the pending merger with EQT Corporation.
- Q3 GAAP net income of $175M ($0.75/share); adjusted EPS of $0.81
- Record liquids production of 133,173 barrels per day, up from prior year
- Cash flow from operations before working capital changes was $347M
- Net debt reduced to $794M with $1.4B remaining on share buyback authorization
- No conference call due to pending merger with EQT Corporation
Markets closed — no regular-session reaction yet; extended-hours move not captured here. The pending EQT merger likely mutes standalone earnings-driven price action.
Range's Q3 results show operational momentum with record liquids output, but the pending EQT acquisition makes standalone results secondary to merger completion.
Range's $3.43/mcfe realized price (including hedges) reflects a $0.48 premium to NYMEX, highlighting the value of Appalachian basis hedging and international NGL market access in a low-gas-price environment.
Pending EQT merger creates execution risk: termination of the merger agreement, failure to obtain shareholder or regulatory approvals, integration challenges, and potential adverse effects on personnel retention and counterparty relationships.