Range Resources Corporation announced its financial results for the third quarter of 2026 on October 27, 2026. The company reported GAAP net income of $175 million, or $0.75 per diluted share, for the quarter. GAAP revenues and other income totaled $843 million.
Operational highlights included an average production rate of 2.50 Bcfe per day, with liquids production reaching a record of 133,173 barrels per day. The company realized a price of $3.43 per mcfe, which management noted was a $0.48 premium versus NYMEX natural gas. Cash flow from operating activities was $308 million, while cash flow from operations before changes in working capital was $347 million.
Capital expenditures for the quarter were $170 million, representing approximately 25% of the company's 2026 budget. During the quarter, Range drilled approximately 178,000 lateral feet across 10 wells and turned 240,000 lateral feet across 17 wells to sales.
As of September 30, 2026, Range reported net debt of approximately $794 million. The company had $1.4 billion of availability remaining under its share repurchase program. However, due to the pending merger with EQT Corporation, Range will not host a conference call to discuss its results.
The company also disclosed that it has entered into a proposed transaction with EQT Corporation. The filing includes a cautionary statement regarding forward-looking statements, noting that the transaction is subject to regulatory approvals and shareholder votes, and that actual results may differ materially due to various risks.
