Range Resources Files 8-K on Financial Condition, Operations
Ticker: RRC · Form: 8-K · Filed: Feb 6, 2024 · CIK: 315852
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K
TL;DR
**RRC just filed an 8-K about financial results, expect news soon!**
AI Summary
On February 6, 2024, Range Resources Corp. (RRC) filed an 8-K report with the SEC, indicating an event related to 'Results of Operations and Financial Condition.' This filing, under SEC File Number 001-12209, signals that the company is likely to release or has just released its financial results. For investors, this matters because it provides crucial insight into the company's recent performance, which can directly impact the stock price and future investment decisions.
Why It Matters
This filing signals an upcoming or recent release of financial results, which are critical for investors to assess Range Resources' performance and make informed decisions about buying, holding, or selling the stock.
Risk Assessment
Risk Level: low — This 8-K is a standard disclosure about financial results, not an announcement of a negative event, making it low risk.
Analyst Insight
A smart investor would monitor Range Resources Corp.'s news releases and investor relations pages for the full financial results that this 8-K foreshadows, as these will contain the specific numbers needed for a detailed analysis.
Key Players & Entities
- RANGE RESOURCES CORP (company) — the registrant filing the 8-K
- February 6, 2024 (date) — date of the earliest event reported and filing date
- 001-12209 (string) — SEC File Number for Range Resources Corp.
- 100 Throckmorton Street , Suite 1200 Fort Worth , Texas 76102 (string) — principal executive offices address
- 817-870-2601 (string) — registrant's telephone number
- RRC (string) — trading symbol for Common Stock
- New York Stock Exchange (string) — exchange where Common Stock is registered
Forward-Looking Statements
- Range Resources Corp. will release its detailed financial results for the period ending December 31, 2023, shortly after this 8-K filing. (RANGE RESOURCES CORP) — high confidence, target: 2024-02-15
FAQ
What is the purpose of this 8-K filing by Range Resources Corp.?
The purpose of this 8-K filing, dated February 6, 2024, is to report an event under 'Item Information: Results of Operations and Financial Condition,' indicating that Range Resources Corp. is disclosing information related to its financial performance.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 6, 2024, which is also the date of the report.
What is the trading symbol and exchange for Range Resources Corp.'s Common Stock?
Range Resources Corp.'s Common Stock trades under the symbol RRC on the New York Stock Exchange.
Where are Range Resources Corp.'s principal executive offices located?
Range Resources Corp.'s principal executive offices are located at 100 Throckmorton Street, Suite 1200, Fort Worth, Texas 76102.
Is Range Resources Corp. considered an 'emerging growth company' according to this filing?
No, the filing indicates that Range Resources Corp. is not an 'emerging growth company' as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934, as the corresponding box is unchecked.
Filing Stats: 548 words · 2 min read · ~2 pages · Grade level 13.5 · Accepted 2024-02-06 17:00:10
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value RRC New York Stock Exchan
- $40.5 million — t $ 65,018 (1) Includes income of $40.5 million related to settled NYMEX natural gas de
- $19.3 million — ttled NYMEX natural gas derivatives and $19.3 million related to settled natural gas basis de
Filing Documents
- rrc-20240206.htm (8-K) — 58KB
- 0000950170-24-011786.txt ( ) — 180KB
- rrc-20240206.xsd (EX-101.SCH) — 32KB
- rrc-20240206_htm.xml (XML) — 5KB
02. Results of Operations and Financial Condition
ITEM 2.02. Results of Operations and Financial Condition. The following table summarizes the net derivative fair value income that Range Resources Corporation expects to report in earnings for the three months ended December 31, 2023 (in thousands): Three Months Ended December 31, 2023 Derivative fair value income per consolidated statements of operations $ 291,059 Non-cash fair value (loss): Natural gas derivatives $ 213,640 Oil derivatives 19,751 Divestiture contingent consideration (7,350 ) Total non-cash fair value loss $ 226,041 Net cash receipt (payment) on derivative settlements: Natural gas derivatives (1) $ 59,846 Oil derivatives (2,828 ) Divestiture contingent consideration 8,000 Total net cash receipt $ 65,018 (1) Includes income of $40.5 million related to settled NYMEX natural gas derivatives and $19.3 million related to settled natural gas basis derivatives. The information contained in this current report shall not be deemed "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RANGE RESOURCES CORPORATION By: /s/ MARK S. SCUCCHI Mark S. Scucchi Executive Vice President-Chief Financial Officer Date: February 6, 2024 3