Range Resources Corporation (RRC) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 THROCKMORTON STE. 1200
FT WORTH, TX 76102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments162,075227,633207157,144356112,931
Cash and cash equivalents162,075227,633207157,144356112,931
Receivables187,762256,030481,050634,333608,575413,026
Derivative instruments and hedges, assets176,247147,52992537,35024,5152,176
Other current assets35,48738,072 33,53935,94918,162
Other undisclosed current assets  24,50057,405  29,500
Total current assets:561,571693,764539,587862,366669,395575,795
Noncurrent Assets
Operating lease, right-of-use asset52,63767,60884,07096,56730,35835,906
Property, plant and equipment1,7322,0872,4342,7323,0103,100
Oil and gas property, successful effort method6,016,6705,950,2455,890,4045,871,6005,823,8455,786,965
Derivative instruments and hedges80,42183,85240,99013,42214,33736,600
Deferred income tax assets      35,436
Other noncurrent assets77,14184,71168,07773,08974,15886,483
Total noncurrent assets:6,228,6016,188,5036,085,9756,057,4105,945,7085,984,490
TOTAL ASSETS:6,790,1726,882,2676,625,5626,919,7766,615,1036,560,285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities441,114520,993649,660815,053752,967649,680
Interest and dividends payable31,23148,12034,317
Accounts payable139,352179,468206,738220,818229,120234,253
Accrued liabilities301,762341,525442,922563,004475,727381,110
Deferred compensation liability79,443100,10489,334   
Derivative instruments and hedges, liabilities  16,019151,417652,585647,153845,312
Asset retirement obligation4,5704,5704,5705,3105,3105,310
Other undisclosed current liabilities126,908115,214125,684616,719622,552836,982
Total current liabilities:652,035756,9001,020,6652,089,6672,027,9822,337,284
Noncurrent Liabilities
Long-term debt and lease obligation   1,841,9601,869,1331,852,9411,853,647
Long-term debt, excluding current maturities   1,841,9601,831,6751,830,4981,829,734
Liabilities, other than long-term debt659,557689,701575,157475,778423,900447,380
Deferred compensation liability, classified64,633103,71199,90785,75083,755197,494
Asset retirement obligations108,003107,423105,28190,21992,51191,613
Deferred income tax liabilities467,768452,753333,571143,81491,15532,243
Operating lease, liability18,13518,95320,90337,45822,44323,913
Derivative instruments and hedges, liabilities1,0186,86115,495155,995156,479126,030
Other undisclosed noncurrent liabilities2,090,9732,130,211311,774321,714333,095321,870
Total noncurrent liabilities:2,750,5302,819,9122,728,8912,666,6252,609,9362,622,897
Total liabilities:3,402,5653,576,8123,749,5564,756,2924,637,9184,960,181
Equity
Equity, attributable to parent3,387,6073,305,4552,876,0062,163,4841,977,1851,600,104
Common stock2,6572,6572,6292,6292,6282,627
Treasury stock, value(439,302)(437,473)(429,659)(338,851)(162,854)(46,159)
Additional paid in capital5,813,4085,740,3615,764,9705,757,1945,748,5165,707,652
Accumulated other comprehensive income (loss)48547646737(19)(75)
Accumulated deficit(1,989,641)(2,000,566)(2,462,401)(3,257,525)(3,611,086)(4,063,941)
Total equity:3,387,6073,305,4552,876,0062,163,4841,977,1851,600,104
TOTAL LIABILITIES AND EQUITY:6,790,1726,882,2676,625,5626,919,7766,615,1036,560,285

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues636,9771,186,3601,630,3791,110,5451,225,143180,736
Cost of revenue(470,726)(515,589)(556,602)(615,024)(574,834)(693,120)
Cost of goods and services sold(44,800)(67,068)(96,531)(127,285)(110,109)(93,123)
Gross profit:166,251670,7711,073,777495,521650,309(512,384)
Operating expenses(121,308)(67,445)(75,954)(62,811)(94,123)(60,505)
Operating income (loss):44,943603,326997,823432,710556,186(572,889)
Interest and debt expense(30,678)(32,202)(37,494)(38,736)(42,023)(116,385)
Income (loss) from continuing operations before income taxes:14,265571,124960,329393,974514,163(689,274)
Income tax expense (benefit)(14,712)(121,879)(183,587)(59,623)(103,331)116,081
Income (loss) from continuing operations:(447)449,245776,742334,351410,832(573,193)
Income (loss) before gain (loss) on sale of properties:334,351410,832(573,193)
Net income (loss):(447)449,245776,742334,351410,832(573,193)
Other undisclosed net income attributable to parent30,67832,20237,49438,73642,023116,385
Net income (loss) attributable to parent:30,231481,447814,236373,087452,855(456,808)
Other undisclosed net loss available to common stockholders, basic(679)(11,163)(19,395)(8,667)(12,056) 
Net income (loss) available to common stockholders, basic:29,552470,284794,841364,420440,799(456,808)
Dilutive securities, effect on basic earnings per share2124426172244 
Net income (loss) available to common stockholders, diluted:29,554470,408795,267364,592441,043(456,808)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(447)449,245776,742334,351410,832(573,193)
Other comprehensive income99430565675
Comprehensive income (loss):(438)449,254777,172334,407410,888(573,118)
Other undisclosed comprehensive income, net of tax, attributable to parent30,67832,20237,49438,73642,023116,385
Comprehensive income (loss), net of tax, attributable to parent:30,240481,456814,666373,143452,911(456,733)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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