Range Resources Corporation reported significant financial growth in its latest quarterly results, with total revenues reaching $856.3 million for the second quarter of 2025, a 62% increase from $530.1 million in the same period last year. The company's net income surged to $237.6 million, or $0.99 per diluted share, compared to $28.7 million, or $0.12 per diluted share, in the second quarter of 2024. For the first half of 2025, revenues totaled $1.55 billion, up 32% from $1.18 billion in the first half of 2024, while net income for the period was $334.6 million, significantly higher than $120.8 million reported a year earlier.
The company attributed its strong performance to a 39% increase in revenue from natural gas, NGLs, and oil sales, driven by a 36% rise in average realized prices and a 2% increase in production volumes. The average realized price for natural gas was $3.13 per mcf in the second quarter, compared to $2.47 per mcf in the same quarter of 2024. Additionally, Range Resources reported a derivative fair value income of $154.7 million for the second quarter, a substantial increase from $16.8 million in the prior year, reflecting favorable market conditions.
In terms of operational developments, Range Resources continued to focus on enhancing its balance sheet and returning capital to shareholders. The company repurchased $52.9 million worth of its common stock during the second quarter and paid dividends totaling $21.5 million, marking a 12.5% increase in the per-share dividend to $0.09. The company also successfully paid off the remaining principal of $606.5 million of its 4.875% senior notes due 2025, utilizing cash on hand and borrowing from its credit facility.
As of June 30, 2025, Range Resources reported total assets of $7.1 billion, a decrease from $7.3 billion at the end of 2024, primarily due to a reduction in current assets. The company’s total liabilities also decreased to $2.98 billion from $3.41 billion, reflecting a significant reduction in current liabilities. The company maintained a strong liquidity position with $1.2 billion available under its credit facility, which is secured by its assets. Looking ahead, Range Resources remains focused on managing commodity price volatility and optimizing its operational efficiencies to sustain growth and shareholder value.
About RANGE RESOURCES CORP
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