Range Resources Corp. announced today that Steve Gray has been appointed to the Company's Board of Directors. Mr. Gray’s appointment is effective October 30, and was mutually agreed upon by the Company’s Board of Directors and SailingStone Capital Partners, LLC. Mr. Gray will serve on the Board’s compensation committee. Previously, Mr. Gray served as a founder, director and Chief Executive Officer of [...]
Range Resources Corp. today announced its third quarter 2018 financial results. Highlights – Net income of $48.5 million , non-GAAP net income of $63.9 million Cash provided from operating activities of $229 million, non-GAAP cash flow of $260 million Production averaged a record 2,267 Mmcfe per day, an increase of 14% compared to third quarter 2017 Southwest Pennsylvania production increased 29% over the prior-year [...]
Range Resources Corp. today announced that it has signed and closed on an agreement to sell a proportionately reduced 1% overriding royalty in its Washington County, Pennsylvania leases for gross proceeds of $300 million. Range’s Washington County properties encompass approximately 300,000 net surface acres that produced 1.7 Bcfe net per day in the second quarter of 2018. The overriding royalty applies to existing [...]
Range Resources Corp. announced today that its third quarter 2018 financial results news release will be issued Tuesday, October 23 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Wednesday, October 24 at 9:00 a.m. ET . To participate in the call, please dial 866-900-7525 and provide conference code 8399762 about 10 minutes prior to the scheduled [...]
Range Resources Corp. today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the third quarter. A dividend of $0.02 per common share is payable on September 28, 2018 to stockholders of record at the close of business on September 14, 2018. Range Resources Corp. is a leading U.S. independent natural gas, NGL and oil producer with operations focused in stacked-pay projects in [...]
FORT WORTH, Texas, July 30, 2018 -- Range Resources Corp. today announced its second quarter 2018 financial results. Highlights – Production averaged a record 2,200 Mmcfe per day, an increase of 13% compared to second quarter 2017 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 Natural gas differentials [...]
FORT WORTH, Texas, July 09, 2018 -- RANGE RESOURCES CORPORATION and SailingStone Capital Partners, LLC, owner of approximately 17% of Range’s shares outstanding, today jointly announced that they have entered into an agreement for Range to appoint two mutually agreed upon independent directors to its Board of Directors. Once identified and approved by the Board and SailingStone, the new directors will be appointed [...]
FORT WORTH, Texas, June 29, 2018 -- Range Resources Corp. announced today that its second quarter 2018 financial results news release will be issued Monday, July 30 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Tuesday, July 31 at 9:00 a.m. ET . To participate in the call, please dial 866-900-7525 and provide conference code 9999543 about 10 [...]
FORT WORTH, Texas, June 01, 2018 -- Range Resources Corp. today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.02 per common share is payable on June 29, 2018 to stockholders of record at the close of business on June 15, 2018. Range Resources Corp. is a leading U.S. independent natural gas, NGL and oil producer with operations focused [...]
FORT WORTH, Texas, April 25, 2018 -- Range Resources Corp. today announced its first quarter 2018 financial results. Highlights – GAAP cash flow was $371 million, compared to $226 million in first quarter 2017, and non-GAAP cash flow was a record $323 million, compared to $258 million in first quarter 2017 GAAP net income was $49 million compared to $170 million in the prior-year quarter, with non-GAAP net income of [...]
FORT WORTH, Texas, April 16, 2018 -- Range Resources Corp. today announced that it has renewed and extended its revolving credit facility. The new five-year agreement with a syndicate of twenty-seven financial institutions has a maximum facility size of $4 billion and maintains a borrowing base of $3 billion with $2 billion in commitments. The agreement maintains existing borrowing costs and structure, including the [...]
FORT WORTH, Texas, April 12, 2018 -- Range Resources Corp. today announced that, effective April 13, 2018, after 42 years in the industry Ray Walker will retire from his position as Executive Vice President and Chief Operating Officer. Dennis Degner, SVP of Operations will continue to oversee operations for both the Marcellus and North Louisiana divisions. Commenting, Jeff Ventura, Chairman and CEO said, “We [...]