Range Resources Corporation reported its financial results for the second quarter and first half of 2026, showcasing a notable increase in revenue and profitability compared to the same periods in 2025. For the three months ended June 30, 2026, the company generated total revenues of $833.6 million, a slight decrease from $856.3 million in the prior year. However, net income for the quarter was $195.3 million, or $0.83 per diluted share, down from $237.6 million, or $0.99 per diluted share, in the same quarter of 2025. For the first six months of 2026, total revenues rose to $1.87 billion, up from $1.55 billion in the previous year, while net income increased significantly to $537 million, compared to $334.6 million in the first half of 2025.
The company experienced a 17% increase in revenue from the sale of natural gas, NGLs, and oil in the first half of 2026, driven by a 15% rise in average realized prices and a 2% increase in production volumes. In the second quarter, natural gas, NGLs, and oil sales totaled $702.1 million, reflecting a 5% increase from the previous year. The increase in revenue was partially offset by a decline in derivative fair value income, which fell to $73.5 million in the second quarter from $154.7 million in the same period last year.
Operationally, Range Resources reported a production increase of 5% in the second quarter of 2026, with total production reaching 208.97 million cubic feet equivalent (mcfe) compared to 199.96 million mcfe in the same quarter of 2025. The company also repurchased 2.0 million shares at a cost of $78.4 million during the second quarter, as part of its ongoing stock repurchase program, which has a remaining authorization of approximately $1.4 billion. Additionally, the company declared a dividend of $0.10 per share, an increase from $0.09 per share in the prior year.
Looking ahead, Range Resources remains focused on maintaining a strong balance sheet and generating consistent cash flows from its operations. The company has approximately $1.5 billion in liquidity available under its credit facility, which it plans to utilize for capital expenditures and shareholder returns. Management anticipates that commodity prices will continue to be volatile, influenced by various market factors, but believes the company is well-positioned to navigate these challenges. The company’s capital program for 2026 is expected to be funded primarily through cash flows from operations, with a focus on high-quality natural gas and NGLs assets in Pennsylvania.
About RANGE RESOURCES CORP
Range Resources Corporation is an independent energy company focused on the exploration, development, and production of natural gas, NGLs, and oil in the Appalachian region, primarily the Marcellus Shale. It operates a large portfolio of wells and leases, emphasizing cost efficiency, operational safety, and environmental stewardship. The company markets its products domestically and internationally, leveraging a diversified customer base and long-term transportation contracts.
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