Range Resources Corporation (NYSE: RRC) has announced its fourth quarter 2025 financial results and 2026 guidance, showcasing notable achievements and plans for the future.
In 2025, the company reported cash flow from operating activities of $1.2 billion and cash flow from operations, before working capital changes, of $1.3 billion. Additionally, Range Resources Corporation signed a 10-year supply agreement for 75 million cubic feet per day for a Midwest power plant. The production averaged 2.24 billion cubic feet equivalent per day, with approximately 69% being natural gas. The all-in capital spending stood at $674 million, or $0.83 per thousand cubic feet equivalent (mcfe). The company maintained a debt to earnings before interest, taxes, depreciation, amortization, and exploration (EBITDAX) ratio of 0.8x (non-GAAP) at year-end 2025.
Looking at the return of capital highlights and 2026 guidance, Range Resources Corporation invested $231 million in share repurchases, paid $86 million in dividends, and reduced net debt by $186 million. The company increased its share repurchase authorization to $1.5 billion and expects to approve an 11.1% increase to the quarterly cash dividend to $0.10 per share. The all-in capital spending for 2026 is projected to be between $650 million and $700 million, with a production range of 2.35 to 2.40 billion cubic feet equivalent per day for 2026.
The company's CEO, Dennis Degner, emphasized the strength of Range's business and its strategic investments, aiming to deliver current results and enhance future optionality. The 2026 capital budget is expected to allocate approximately $500 million for maintenance drilling and completion capital, $120 * $140 million for growth capital, and other specific expenses.
In the financial discussion, the company reported a GAAP net income of $179 million ($0.75 per diluted share) for the fourth quarter of 2025. The cash flow from operations before changes in working capital was $353 million, and the adjusted net income comparable to analysts’ estimates was $195 million ($0.82 per diluted share) for the same period.
Furthermore, Range Resources Corporation provided detailed insights into its fourth quarter 2025 unit costs per thousand cubic feet equivalent (mcfe), highlighting changes in various expense categories compared to the previous year. The company also detailed its average production and realized pricing for the same period, demonstrating the average realized prices after hedges for natural gas, oil, and natural gas liquids.
The press release also shared information about range's 2025 proved reserves, including the total proved reserves at 18.1 trillion cubic feet equivalent (tcfe) and the summary of changes in proved reserves.
The company's 2026 guidance covers capital and production, expenses, price differentials, and hedging status, providing a comprehensive outlook for the year ahead.
Following these announcements, the company's shares moved 2.41%, and are now trading at a price of $34.41. Check out the company's full 8-K submission here.
