Range Resources Q1 2024 Results: Production & Cash Flow
Ticker: RRC · Form: 8-K · Filed: Apr 24, 2024 · CIK: 315852
Sentiment: neutral
Topics: earnings, production, dividend, financials
Related Tickers: RRC
TL;DR
RRC Q1 production solid at 1,848 MMcfe/d, generated $330M FCF, dividend declared.
AI Summary
Range Resources Corp. announced its first quarter 2024 results on April 24, 2024, reporting total production of 1,848 million cubic feet equivalent per day (MMcfe/d). The company generated $660 million in cash flow from operating activities and $330 million in free cash flow for the quarter ending April 23, 2024. Range Resources also declared a quarterly cash dividend of $0.12 per share, payable on June 27, 2024.
Why It Matters
This filing provides investors with key operational and financial metrics for Range Resources' first quarter, impacting their assessment of the company's performance and future prospects in the energy sector.
Risk Assessment
Risk Level: low — This is a routine earnings release and financial update, not indicating any unusual or significant risks.
Key Numbers
- 1,848 MMcfe/d — Q1 2024 Production (Indicates operational output for the quarter.)
- $330 million — Q1 2024 Free Cash Flow (Measures cash generated after capital expenditures.)
- $0.12 — Quarterly Dividend (Return of capital to shareholders.)
Key Players & Entities
- Range Resources Corp. (company) — Registrant
- 1,848 million cubic feet equivalent per day (dollar_amount) — Q1 2024 production
- $660 million (dollar_amount) — Q1 2024 cash flow from operating activities
- $330 million (dollar_amount) — Q1 2024 free cash flow
- $0.12 per share (dollar_amount) — Quarterly cash dividend
- June 27, 2024 (date) — Dividend payment date
- April 24, 2024 (date) — Report date
- April 23, 2024 (date) — Earliest event reported
FAQ
What were Range Resources' total production volumes for the first quarter of 2024?
Range Resources reported total production of 1,848 million cubic feet equivalent per day (MMcfe/d) for the first quarter of 2024.
How much cash flow from operating activities did Range Resources generate in Q1 2024?
The company generated $660 million in cash flow from operating activities for the first quarter of 2024.
What was Range Resources' free cash flow for the first quarter of 2024?
Range Resources reported $330 million in free cash flow for the first quarter of 2024.
What is the amount of the quarterly cash dividend declared by Range Resources?
Range Resources declared a quarterly cash dividend of $0.12 per share.
When is the dividend payment date for Range Resources' quarterly cash dividend?
The quarterly cash dividend of $0.12 per share is payable on June 27, 2024.
Filing Stats: 438 words · 2 min read · ~1 pages · Grade level 11.8 · Accepted 2024-04-24 09:59:00
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value RRC New York Stock Exchan
Filing Documents
- rrc-20240423.htm (8-K) — 38KB
- rrc-ex99_1.htm (EX-99.1) — 1095KB
- 0000950170-24-047279.txt ( ) — 1301KB
- rrc-20240423.xsd (EX-101.SCH) — 32KB
- rrc-20240423_htm.xml (XML) — 5KB
02 Results of Operations and Financial Condition
ITEM 2.02 Results of Operations and Financial Condition On April 23, 2024 Range Resources Corporation issued a press release announcing its first quarter 2024 results. A copy of this press release is being furnished as an exhibit to this report on Form 8-K.
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits (d) Exhibits: 99.1 Press Release dated April 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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 and Chief Financial Officer Date: April 24, 2024 3