Financials Range Resources Corporation

Equities

RRC

US75281A1097

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:01 2024-04-26 pm EDT			5-day change	1st Jan Change
37.31 ^USD	-0.90%		+5.78%	+22.57%

Apr. 26	Range Resources Insider Sold Shares Worth $603,131, According to a Recent SEC Filing	MT
Apr. 26	RBC Downgrades Range Resources to Sector Perform From Outperform, Lifts Price Target to $39 From $36	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,216	1,639	4,434	6,031	7,342	9,052	-	-
Enterprise Value (EV) ¹	4,388	4,724	7,146	7,872	8,905	10,370	10,050	9,806
P/E ratio	-0.7 x	-2.27 x	11.1 x	5.33 x	8.53 x	18.1 x	12.1 x	10.9 x
Yield	1.65%	-	-	0.64%	1.05%	0.86%	0.91%	0.95%
Capitalization / Revenue	0.43 x	0.83 x	1.51 x	1.45 x	2.18 x	3.23 x	2.87 x	2.83 x
EV / Revenue	1.55 x	2.4 x	2.44 x	1.9 x	2.64 x	3.7 x	3.18 x	3.06 x
EV / EBITDA	4.78 x	8.03 x	5.51 x	3.51 x	7.15 x	8.59 x	6.39 x	6.17 x
EV / FCF	-225 x	-28.4 x	19.1 x	5.09 x	24 x	22.1 x	12.1 x	13 x
FCF Yield	-0.44%	-3.53%	5.24%	19.6%	4.17%	4.52%	8.27%	7.67%
Price to Book	0.52 x	0.99 x	2.14 x	2.08 x	1.76 x	2.18 x	1.88 x	1.61 x
Nbr of stocks (in thousands)	250,719	244,628	248,692	241,035	241,205	242,627	-	-
Reference price ²	4.850	6.700	17.83	25.02	30.44	37.31	37.31	37.31
Announcement Date	2/27/20	2/23/21	2/22/22	2/27/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,828	1,969	2,930	4,147	3,374	2,800	3,156	3,200
EBITDA ¹	917.6	588.3	1,296	2,242	1,246	1,207	1,572	1,589
EBIT ¹	-2,022	-544.7	629.4	1,579	1,224	762	1,101	1,140
Operating Margin	-71.52%	-27.67%	21.48%	38.08%	36.28%	27.21%	34.89%	35.63%
Earnings before Tax (EBT) ¹	-2,217	-737.3	402	1,414	1,100	610.1	985.6	1,123
Net income ¹	-1,716	-711.8	411.8	1,183	871.1	484.2	734	830.9
Net margin	-60.7%	-36.15%	14.05%	28.54%	25.82%	17.29%	23.26%	25.97%
EPS ²	-6.920	-2.950	1.610	4.690	3.570	2.067	3.078	3.438
Free Cash Flow ¹	-19.5	-166.6	374.3	1,546	371	469	831.3	752.3
FCF margin	-0.69%	-8.46%	12.77%	37.28%	10.99%	16.75%	26.34%	23.51%
FCF Conversion (EBITDA)	-	-	28.88%	68.94%	29.77%	38.84%	52.87%	47.35%
FCF Conversion (Net income)	-	-	90.89%	130.64%	42.58%	96.88%	113.26%	90.53%
Dividend per Share ²	0.0800	-	-	0.1600	0.3200	0.3200	0.3400	0.3533
Announcement Date	2/27/20	2/23/21	2/22/22	2/27/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	1,567	180.7	1,225	1,111	1,630	1,186	637	609.7	941.4	645.4	663.7	685.6	751	809.5	747.1
EBITDA ¹	478.6	538.8	567.4	593.9	542.3	433.1	216.5	268	327.2	338.6	267.5	281.6	336.9	432.2	345
EBIT ¹	966.2	-525.7	598.2	471.4	1,035	635.5	76.06	95.73	417	140.8	161.4	173	230.9	331.2	248
Operating Margin	61.67%	-290.87%	48.83%	42.45%	63.49%	53.57%	11.94%	15.7%	44.3%	21.81%	24.32%	25.24%	30.75%	40.91%	33.19%
Earnings before Tax (EBT) ¹	909.9	-572.9	556.2	432.7	997.8	603.3	44.94	65.13	386.9	110.3	138	153.2	208.5	279.8	194.7
Net income ¹	891.4	-456.8	452.9	373.1	814.2	481.4	30.23	49.43	310	92.14	106.1	118.8	160.7	219.4	155.9
Net margin	56.89%	-252.75%	36.96%	33.59%	49.94%	40.58%	4.75%	8.11%	32.93%	14.28%	15.99%	17.33%	21.4%	27.11%	20.87%
EPS ²	3.470	-1.860	1.770	1.490	3.310	1.950	0.1200	0.2000	1.270	0.3800	0.4387	0.4917	0.6654	0.8847	0.6216
Dividend per Share ²	-	-	0.0800	0.0800	0.0800	0.0800	0.0800	0.0800	0.0800	-	0.0800	0.0800	0.0800	0.0800	0.0800
Announcement Date	2/22/22	4/26/22	7/25/22	10/24/22	2/27/23	4/24/23	7/24/23	10/24/23	2/21/24	4/23/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,172	3,085	2,711	1,842	1,562	1,318	998	754
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.457 x	5.244 x	2.092 x	0.8214 x	1.254 x	1.091 x	0.6346 x	0.4746 x
Free Cash Flow ¹	-19.5	-167	374	1,546	371	469	831	752
ROE (net income / shareholders' equity)	3.07%	-1.11%	27%	47.7%	17.3%	14.3%	18.3%	14.6%
ROA (Net income/ Total Assets)	1.21%	-0.35%	7.87%	17.8%	12.6%	7.07%	8.2%	6.8%
Assets ¹	-142,349	205,900	5,233	6,643	6,915	6,844	8,950	12,220
Book Value Per Share ²	9.400	6.780	8.350	12.00	17.30	17.10	19.90	23.10
Cash Flow per Share ²	2.940	1.340	4.150	8.260	4.590	4.490	5.670	6.230
Capex ¹	748	435	419	488	607	640	640	678
Capex / Sales	26.47%	22.11%	14.29%	11.77%	17.99%	22.85%	20.29%	21.2%
Announcement Date	2/27/20	2/23/21	2/22/22	2/27/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Range Resources Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

37.31 USD

Average target price

37.15 USD

Spread / Average Target

-0.43%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
RANGE RESOURCES CORPORATION	+22.57%	9.05B
CHEVRON CORPORATION	+11.22%	306B
CONOCOPHILLIPS	+12.21%	153B
CNOOC LIMITED	+51.38%	124B
CANADIAN NATURAL RESOURCES LIMITED	+22.70%	83.43B
EOG RESOURCES, INC.	+12.20%	78.06B
PIONEER NATURAL RESOURCES COMPANY	+19.56%	62.81B
OCCIDENTAL PETROLEUM CORPORATION	+13.52%	60.08B
HESS CORPORATION	+12.74%	49.91B
DIAMONDBACK ENERGY, INC.	+33.97%	37.05B

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