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Monday, July 30, 2018

=Range Resources (RRC) reported Q2 earnings on Mon 30 July 2018 (a/h)

  • Fort Worth, Texas-based independent oil and gas company 

Range Resources beats by $0.08, beats on revs 
  • Reports Q2 (Jun) earnings of $0.20 per share, $0.08 better than the Capital IQ Consensus of $0.12; revenues rose 31.9% year/year to $745 mln vs the $671.5 mln Capital IQ Consensus.
  • Production averaged a record 2,200 Mmcfe per day, an increase of 13% compared 2Q17.
  • Liquids production averaged 117,520 barrels per day, a 12% increase over the prior-year period, and contributed 46% of total product revenues before hedging.
  • Cash from operations was $175 million, and non-GAAP cash flow was $237 million.

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