Overview

• U.S. natural gas producer's Q4 adjusted net income beat analyst expectations

• Q4 revenue reported at $820 mln

• Company increased share repurchase authorization to $1.5 bln

Outlook

• Range Resources expects 2026 capital spending of $650-700 mln

• Company forecasts 2026 production of 2.35-2.40 Bcfe per day

Result Drivers

• PRODUCTION CAPACITY - Range's strategic investments in production capacity supported efficient production growth, according to CEO Dennis Degner

• CONTRACTED SALES - Signed 10-year supply agreement for 75 Mmcf per day for a Midwest power plant, enhancing margin

Company press release: ID:nGNX7MYQkw

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue		$820 mln
Q4 Adjusted Net Income	Beat	$195 mln	$170.74 mln (15 Analysts)
Q4 Net Income		$179 mln
Q4 Cash Flow from Operations		$353 mln

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 19 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

• Wall Street's median 12-month price target for Range Resources Corp is $41.00, about 6.3% above its February 23 closing price of $38.58

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.