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Updated Oct 28, 2026
Range Resources Q3 2026: Record Liquids Output and EQT Merger Drive Strongest Financial Position in Company History
Range Resources delivered record liquids production of 133,173 barrels per day in Q3 2026, with total production averaging 2.50 Bcfe per day and realized pricing of $3.43 per mcfe — a $0.48 premium to NYMEX — translating to $347 million in cash flow from operations before working capital changes. Net debt declined to $794 million, a 35% reduction from year-end 2025, placing the company in what CEO Dennis Degner described as 'the strongest position in Range's history.' The quarter is the last standalone report before the pending merger with EQT Corporation, which management frames as a strategic accelerant for scale, market access, and cash flow generation.
Tone: bullishRevenue
$3.1B
RRC 10-K · FY 2025
Revenue FY2024
$2.4B
Headquarters
Fort Worth, TX
Profile
RRC 10-K Item 1 · Feb 24, 2026Range Resources Corporation is an independent natural gas, NGLs and oil company focused on the exploration, development and acquisition of properties in the Appalachian region of the United States. The company operates as a single segment with a portfolio concentrated in high-quality natural gas and NGLs assets in Pennsylvania. Its core strategy is returns-focused development of its resource base, funded by internally generated drilling projects and selective complementary acquisitions.
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We are an independent natural gas, NGLs and oil company engaged in the exploration, development and acquisition of natural gas, NGLs and oil properties located in the Appalachian region of the United States. We operate in one segment and have a single company-wide management team that administers all properties as a whole rather than by discrete operating segments. We measure financial performance as a single enterprise and not on an area-by-area basis. Our overarching business objective is to build stockholder value through returns-focused development of natural gas, NGLs and oil properties. Our strategy to achieve our business objective is to generate consistent cash flows from reserves and production through internally generated drilling projects occasionally coupled with complementary acquisitions and divestitures. Currently, our investment portfolio is focused on high quality natural gas and NGLs assets in the Commonwealth of Pennsylvania. Our revenues, profitability and future growth depend substantially on prevailing prices for natural gas, NGLs and oil and on our ability to economically find, develop, acquire, produce and sell these reserves. Commodity prices have been and are expected to remain volatile. We believe we are well-positioned to manage any challenges that could occur during price variations and that we can endure the continued fluctuations in current and future commodity prices by exercising discipline in our capital investments, maintaining a competitive cost structure, diversifying sales outlets, managing price risk through partial hedging of our production, maintaining a strong balance sheet and optimizing drilling, completion and operational efficiencies.
Primary products
- natural gas
- NGLs
- oil
- brokered natural gas and marketing
Business segments
End markets
Geographies
“Competition in the oil and gas industry is intense, making it more difficult for us to acquire properties, market products and secure and retain trained personnel.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues and other income increased in 2025 driven by a 27% increase in natural gas, NGLs and oil sales revenue, reflecting a 24% increase in average realized prices before derivative settlements and a 2% increase in production volumes compared to 2024.
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