--- title: "Range Resources | 8-K: FY2026 Q1 Revenue: USD 1.01 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/283690156.md" datetime: "2026-04-22T15:03:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283690156.md) - [en](https://longbridge.com/en/news/283690156.md) - [zh-HK](https://longbridge.com/zh-HK/news/283690156.md) --- # Range Resources | 8-K: FY2026 Q1 Revenue: USD 1.01 B Revenue: As of FY2026 Q1, the actual value is USD 1.01 B. EPS: As of FY2026 Q1, the actual value is USD 1.44, beating the estimate of USD 1.2633. EBIT: As of FY2026 Q1, the actual value is USD 607.57 M. #### First Quarter 2026 Financial Highlights - **Cash Flow from Operating Activities**: $619 million. - **Cash Flow from Operations before Working Capital Changes**: $545 million. - **Shareholder Returns and Debt Reduction**: Range Resources Corporation repurchased $27 million of shares, paid $24 million in dividends, and reduced net debt by $384 million. - **Capital Spending**: $139 million, representing approximately 21% of the annual 2026 budget. - **Realized Price (including hedges)**: $4.84 per mcfe. - **Natural Gas Differential (including basis hedging)**: $0.18 per mcf premium to NYMEX. - **Pre-hedge NGL Realizations**: $26.62 per barrel, a premium of $4.41 over the Mont Belvieu equivalent. - **GAAP Revenues and Other Income**: $1.03 billion. - **GAAP Net Cash Provided from Operating Activities**: $619 million. - **GAAP Net Income**: $342 million. - **Adjusted Net Income (non-GAAP)**: $360 million. - **Mark-to-market Derivative Loss**: - $33 million. #### Unit Costs (per mcfe) - First Quarter 2026 vs. First Quarter 2025 - **Direct Operating**: Increased by 8% to $0.14 from $0.13. - **Transportation, Gathering, Processing, and Compression**: Increased by 5% to $1.63 from $1.55. - **Taxes Other Than Income**: Decreased by -25% to $0.03 from $0.04. - **General and Administrative**: Increased by 6% to $0.17 from $0.16. - **Interest Expense**: Decreased by -36% to $0.09 from $0.14. - **Total Cash Unit Costs**: Increased by 3% to $2.07 from $2.01. - **Depletion, Depreciation and Amortization (DD&A)**: Decreased by -2% to $0.45 from $0.46. - **Total Unit Costs plus DD&A**: Increased by 3% to $2.51 from $2.46. #### Production and Realized Pricing - First Quarter 2026 - **Net Production per Day**: 2.21 Bcfe, comprising 1,508,842 mcf of natural gas, 8,239 bbl of oil, and 108,193 bbl of NGLs. - **Liquids Production**: Approximately 32% of total production. - **Average Realized Prices after Hedges**: Natural gas at $4.85 per mcf, oil at $58.41 per bbl, and NGLs at $26.62 per bbl, resulting in a natural gas equivalent of $4.84 per mcfe. #### Financial Position - **Debt Redemption**: Range Resources Corporation fully redeemed $600 million principal balance of 8.25% senior notes due 2029 in January 2026. - **Net Debt**: As of March 31, 2026, net debt outstanding was approximately $834 million, consisting of $500 million of senior notes and $334 million on the credit facility. - **Share Repurchase Program**: As of March 31, 2026, the company had $1.5 billion of availability under its share repurchase program. #### Capital Expenditures and Operational Activity - **Drilling and Completion Expenditures**: $130 million in the first quarter 2026. - **Other Investments**: $5 million in acreage and $4 million in infrastructure, pneumatic upgrades, and other investments. - **Drilling Activity**: Drilled approximately 143,000 lateral feet across 9 wells. - **Wells Turned to Sales**: Approximately 267,000 feet across 17 wells. #### Outlook and Guidance for 2026 Range Resources Corporation anticipates its full-year 2026 NGL price guidance to improve, projecting an additional $160 million in cash flow. The company’s 2026 all-in capital budget is set between $650 million and $700 million, with annual production expected to be approximately 2.35 - 2.40 Bcfe per day, and liquids comprising over 30% of production. Range Resources Corporation maintains its 2026 natural gas differential expectation of -$0.35 to -$0.45 relative to NYMEX and its 2026 condensate differential of -$10.00 to -$14.00 relative to WTI. ### Related Stocks - [RRC.US](https://longbridge.com/en/quote/RRC.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Yext to Announce First Quarter Fiscal Year 2027 Financial Results on June 2, 2026 | YEXT Stock News](https://longbridge.com/en/news/286970613.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md) - [GDEV announces results for the first quarter of 2026 | GDEV Stock News](https://longbridge.com/en/news/286909689.md)