RRC

FORT WORTH, Texas, May 29, 2026 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.10 per common share is payable on June 26, 2026 to stockholders of record at the close of business on June 12, 2026. RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com. SOURCE: Range Resources Corporation

A month has gone by since the last earnings report for Range Resources (RRC). Shares have lost about 2.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Range Resources due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts. RRC Q1 Earnings and Revenues Top Estimates Range Resources Corporation reported first-quarter 2026 adjusted earnings of $1.52 per share, which beat the Zacks Consensus Estimate of $1.33. The bottom line also improved from the prior-year level of 96 cents. Total quarterly revenues of $1,018.3 million topped the Zacks Consensus Estimate of $919.3 million. The top line increased from the prior-year figure of $854 million. Strong quarterly results can be attributed to higher gas-equivalent production and increased natural gas price realization. Operational Performance Production averaged 2,207.4 million cubic feet equivalent per day (MMcfe/d), higher than the year-ago quarter’s 2,200.3 MMcfe/d. The figure came in lower than our projection of 2,233.7 MMcfe/d. Natural gas contributed 68% to the company’s total production, while NGLs and oil accounted for the rest. Natural gas production remained flat year over year. Oil production increased 75%, while NGL output declined 2% over the same time frame. Total price realization (excluding derivative settlements and before third-party transportation costs) averaged $5.09 per Mcfe, up 27% year over year. Price realization exceeded our estimate of $4.48 per Mcfe. Natural gas price increased 43% on a year-over-year basis to $5.18 per Mcf. NGL price declined 4%, while oil price rose 4%. Costs & Expenses Total costs and expenses increased 3% year over year to $601 million. The reported figure topped our projection of $571.3 million. Transportation, gathering, processing and compression costs, which constitute a significant part of the total costs, increased to $323.3 million from $306.1 million in the prior-year quarter. Capital Expenditure & Balance Sheet Drilling and completion expenditure totaled $130 million. An additional $5 million was spent on acreage and $4 million on infrastructure and other investments. At the end of the first quarter, Range Resources reported...

Wrapping up Q1 earnings, we look at the numbers and key takeaways for the upstream natural gas e&p stocks, including Range Resources (NYSE:RRC) and its peers. Natural gas-focused E&P companies explore, develop, and produce natural gas resources serving power generation, industrial, and export markets. Natural gas is often positioned as a transition fuel given lower carbon intensity versus coal and oil. Tailwinds include growing LNG (liquefied natural gas) export demand, power generation switching from coal, and industrial consumption growth. Headwinds include natural gas price volatility driven by weather, storage levels, and competing supply sources. Infrastructure constraints may limit market access, while long-term demand faces uncertainty from renewable energy expansion and electrification trends potentially reducing gas consumption. The 6 upstream natural gas E&P stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 4.1%. While some upstream natural gas E&P stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.4% since the latest earnings results. Focused almost entirely on the Marcellus Shale beneath Pennsylvania's forests and farmland, Range Resources (NYSE:RRC) drills for and produces natural gas, natural gas liquids, and oil from shale formations. Range Resources reported revenues of $961.1 million, up 20.6% year on year. This print exceeded analysts’ expectations by 6.4%. Overall, it was an incredible quarter for the company with an impressive beat of analysts’ EBITDA and EPS estimates. Commenting on the results, Dennis Degner, the Company’s CEO said, “Range is off to a great start in 2026, showing steady progress executing the multi-year disciplined growth plan announced last year. First quarter 2026 results also highlighted the value of Range’s strategic marketing portfolio with access to premium markets in the U.S. and abroad as Range realized its highest natural gas premium in over a decade and a record quarterly NGL premium. The resulting strong free cash flow funded a growing dividend, continued share repurchases and the strongest balance sheet in Company history. We believe Range is increasingly well-positioned to serve growing local and global demand for U.S. natural gas and NGLs given our consistent operational results, low full-cycle c...

Targa Resources Corp. TRGP reported first-quarter 2026 earnings of $2.21 per share, which missed the Zacks Consensus Estimate of $2.55. The underperformance can be attributed to severe winter weather that impacted volumes across its systems, weak Waha natural gas prices that led to producer curtailments in the Permian Basin during the quarter and higher operating expenses related to maintenance activity, system expansions and acquired Permian assets. The bottom line, however, increased from the year-ago quarter’s level of 91 cents. The year-over-year improvement can be attributed to higher operating margins in the company’s Gathering and Processing and Logistics and Transportation segments. Total quarterly revenues of $4.1 billion missed the Zacks Consensus Estimate of $5.1 billion by 19.64%. Revenues also declined 10% from the year-ago quarter’s level of $4.6 billion, primarily due to lower commodity sales, partly offset by higher fees from midstream services. Targa Resources, Inc. price-consensus-eps-surprise-chart | Targa Resources, Inc. Quote Despite the revenue miss, Targa delivered record first-quarter adjusted EBITDA of $1.4 billion, up 19% from the prior-year quarter. The increase was driven by record Permian inlet volumes, record fractionation volumes and higher marketing margins. On April 16, 2026, Houston, TX-based oil and gas storage and transportation company declared a quarterly dividend of $1.25 per share, or $5 annualized, representing a 25% increase from the first-quarter 2025 dividend. The company also repurchased $55 million of common stock during the quarter. In the first quarter, Targa benefited from continued strength across its integrated Permian-to-Mont Belvieu footprint. Management mentioned that the company still achieved record first-quarter adjusted EBITDA, Permian volumes and NGL fractionation volumes despite winter weather and periodic shut-ins. The company also mentioned that current Permian volumes were running more than 250 million cubic feet per day above the first-quarter average, even with 200-400 million cubic feet per day of temporary producer shut-ins on any given day. Gathering and Processing: The segment’s operating margin was $703.5 million, up 17% from $602.2 million in the year-ago quarter. However, the figure missed the Zacks Consensus Estimate of $757 million. Adjusted operating margin increased 16% year over yea...

Cheniere Energy, Inc. LNG reported a first-quarter 2026 adjusted earnings of $4.77 per share, beating the Zacks Consensus Estimate of $3.91 by 22%. The figure increased 34.6% from the year-ago quarter’s level. This was primarily due to stronger operational execution and favorable LNG market conditions in the first quarter of 2026, which helped adjusted earnings beat estimates and improve year over year. Revenues totaled $5.87 billion, beating the Zacks Consensus Estimate of $5.70 billion by 3% and rising 8% year over year, driven by a 7.9% and 6.7% year-over-year increase in LNG and Other revenues, respectively. Cheniere Energy, Inc. price-consensus-eps-surprise-chart | Cheniere Energy, Inc. Quote Operationally, the company posted record LNG loaded volumes of 688 TBtu, up 13% year over year. The figure also beat the consensus mark of 648 TBtu. Additionally, the company exported a record 187 cargoes during the quarter, reflecting an 11% year-over-year increase from the prior-year quarter’s level. On April 22, Cheniere Energy’s board of directors declared a quarterly cash dividend of 55.5 cents per share. The dividend, which remains unchanged, will be paid on May 19, 2026. Cheniere Energy deployed about $1.2 billion toward growth, balance sheet management, share repurchases and dividends during the quarter. The company repurchased common stock for approximately $537 million and paid a quarterly dividend, totaling about $117 million. The oil and gas storage and transportation company reported consolidated adjusted EBITDA of $2.3 billion in the first quarter of 2026, up about 25% from the year-ago quarter’s level. The growth was primarily driven by higher total margins on LNG delivered, reflecting higher volumes and contributions from optimization activities, along with the recognition of a nonrecurring tax credit. During the first quarter of 2026, LNG generated distributable cash flow of $1.67 billion. Cheniere Energy noted that new long-term contracted volumes commenced during the first quarter, reinforcing the strategy of pairing long-duration contracts with its large-scale Gulf Coast liquefaction footprint. The company reiterated its focus on bringing incremental capacity online efficiently through debottlenecking initiatives while continuing permitting, development and commercialization work tied to expansions at Sabine Pass and Corpus Christi. Management c...

Permian Resources Corporation PR reported first-quarter 2026 adjusted earnings of 39 cents per share, beating the Zacks Consensus Estimate of 38 cents by 3%. This outperformance was primarily driven by stronger production volumes, improved well performance, reduced downtime and continued drilling and completion efficiencies. However, the bottom line declined from the year-ago quarter’s adjusted earnings of 43 cents due to weaker NGL and natural gas realizations, along with higher operating expenses. The company’s oil and gas sales of $1.39 billion missed the Zacks Consensus Estimate of $1.4 billion by 0.83%. However, revenues increased slightly from the year-ago quarter’s $1.38 billion, aided by a higher year-over-year contribution from oil sales (10.6%) and purchased gas sales during the quarter. Permian Resources Corporation price-consensus-eps-surprise-chart | Permian Resources Corporation Quote On May 6, 2026, the Midland, TX-based exploration and production company declared a quarterly base dividend of 16 cents per Class A common share, translating to an annualized dividend of 64 cents. The payout is scheduled for June 30, 2026, for its shareholders on record as of June 16. Management reiterated that the base dividend remains a top capital allocation priority. Beyond the base dividend, the company intends to focus on debt repayment, cash accumulation, accretive acquisitions and opportunistic share repurchases, depending on market conditions. The company reported total average production of 412.9 thousand barrels of oil equivalent per day (MBoe/d), comprising 47% oil and 72% liquids, in the first quarter, up from 373.2 MBoe/d in the year-ago period. The figure beat the Zacks Consensus Estimate of 411,665 Boe/d due to strong runtime, improved recent well performance and efforts to accelerate incremental oil volumes in March through increased workover activity. The company also accelerated oil production volumes during March. Crude oil production averaged 192.3 thousand barrels per day (MBbls/d), up from 175 MBbls/d in the prior-year quarter. The figure beat the Zacks Consensus Estimate of 189.6 MBbls/d. NGL production came in at 103.3 MBbls/d, up 20.1% year over year. However, it missed the Zacks Consensus Estimate by 1.01%. Meanwhile, natural gas production totaled 703 million cubic feet per day (MMcf/d), up 4.4% year over year, but missed the Zacks Cons...

Magnolia Oil & Gas Corporation MGY posted first-quarter 2026 net profit of 54 cents per share, beating the Zacks Consensus Estimate of 51 cents by 5.9%. This outperformance can be attributed to higher production, led by Giddings, alongside disciplined spending that supported sizable free cash flow generation. Total output increased 6% year over year to 102.6 thousand barrels of oil equivalent per day (Mboe/d), which also exceeded the consensus estimate by 0.44%, providing a key operating tailwind. However, the bottom line declined from the year-ago quarter’s 55 cents mainly because operating expenses increased nearly 8% during the quarter, compressing margins. The oil and gas exploration and production company’s total revenues of $358.5 million rose 2.3% from the year-ago quarter and topped the consensus mark of $335 million by about 7%, driven by a higher year-over-year contribution from oil revenues. Magnolia Oil & Gas Corp price-consensus-eps-surprise-chart | Magnolia Oil & Gas Corp Quote Magnolia reported the average daily total output of 102,564 barrels of oil equivalent per day (boe/d), increasing 6.2% from the year-ago quarter’s 96,549 boe/d. The figure also beat the model estimate of 102,000 boe/d. Magnolia’s oil volumes averaged 40,678 barrels per day (bpd) in the quarter, up from 39,078 bpd a year ago. Moreover, the figure topped our estimate of 40,500 bpd. Natural gas volumes improved to 193,143 thousand cubic feet (Mcf) per day from 183,248 Mcf/d. The figure also surpassed our estimate of 192,700 Mcf/d. NGL volumes increased to 29,696 bpd from 26,930 bpd. Moreover, the figure beat our estimate of 29,300 bpd. Management highlighted that Giddings continued to drive the company’s growth profile, with its production representing 82% of total volumes during the quarter. Giddings total production increased 9% year over year, with oil volumes up 8%, supported by strong well performance. Oil remained the largest revenue contributor, with oil revenues of $257.3 million compared with $245.5 million in the year-ago period. Natural gas revenues were $51.8 million, modestly higher year over year, while NGL revenues declined to $49.4 million from $53.4 million. Realizations were mixed across products. The average realized crude oil price was $70.29 per barrel, indicating a 0.7% increase from the year-ago period’s $69.81 and beating our estimate of $55.49. The...

Helmerich & Payne, Inc. HP reported a second-quarter fiscal 2026 adjusted net loss of 38 cents per share, wider than the Zacks Consensus Estimate of an adjusted net loss of 6 cents. Moreover, the bottom line decreased considerably from the year-ago quarter’s reported profit of 2 cents. This was due to a weaker rig activity in North America and international markets, and significantly higher operating costs related to its Middle East operations. The International Solutions segment posted an operating loss of nearly $100 million as the company incurred additional expenses to reactivate rigs in Saudi Arabia and work around supply-chain disruptions caused by the Middle East conflict. Moreover, the quarter included a $26 million non-cash impairment charge, which further pressured profitability. Revenues totaled $932 million, missing the consensus mark of $946 million by 1.46%. The top line also declined 8.2% year over year from the prior-year quarter’s level of $1 billion, primarily due to lower revenue contributions from drilling services. Helmerich & Payne, Inc. price-consensus-eps-surprise-chart | Helmerich & Payne, Inc. Quote The company returned approximately $25 million to shareholders through its ongoing dividend program during the quarter. Management also noted continued progress in expanding the deployment of FlexRobotics technology to support customer demand. North America Solutions: Operating revenues of $517.2 million decreased 13.7% year over year. Moreover, the top line missed our projection of $519.1 million. The segment averaged 136 active rigs in the quarter and delivered a direct margin of $215.2 million, or $17,628 on a per-day basis, maintaining industry-leading performance. Segment operating income was $111.3 million, improving sequentially from the prior quarter that included a one-time impairment, but down from $151.9 million in the year-ago period. However, the reported figure beat our estimate of $93.9 million. HP highlighted strengthening customer sentiment and meaningful commercial momentum across the U.S. land market, supported by new contracts and extensions across multiple basins. International Solutions: Operating revenues were $218.3 million, down 11.9% from $247.9 million a year ago. Moreover, the top line missed our projection of $231 million. The segment recorded an operating loss of approximately $100 million and generated abou...

Suncor Energy Inc. SU reported first-quarter 2026 adjusted operating earnings of $1.41 per share, which missed the Zacks Consensus Estimate of $1.45 by 3%. This underperformance can be attributed to a 16.5% increase in total expenses and higher commodity input costs during the quarter. However, the bottom line increased from the year-ago quarter’s reported figure of 91 cents due to stronger downstream margins, higher upstream price realizations and increased sales volumes. Calgary-based integrated oil and gas company’s operating revenues of $10.7 billion beat the Zacks Consensus Estimate of $8.9 billion by 19.53%. The top line increased approximately 23.2% year over year, aided by record refined product sales, higher refinery production and stronger benchmark crack spreads. Suncor Energy Inc. price-consensus-eps-surprise-chart | Suncor Energy Inc. Quote Suncor delivered a strong operating quarter, with record first-quarter upstream production of 875,200 barrels per day (bbls/d), up from 853,200 bbls/d in the year-ago quarter. Refining throughput also reached a first-quarter record of 497,800 bbls/d, compared with 482,700 bbls/d a year earlier, while refined product sales rose to a quarterly record of 680,900 bbls/d from 604,900 bbls/d in the prior-year period. Management highlighted that the quarter reflected continued momentum from 2025, supported by record first-quarter upstream output, strong refinery performance and expanded product sales through domestic retail growth and global export opportunities. Upstream: Suncor delivered a strong operating quarter, with record first-quarter upstream production of 875,200 bbls/d, up from 853,200 bbls/d in the year-ago quarter. Moreover, the figure beat the consensus estimate of 868,000 bbls/d. Total Oil Sands production was 798,800 bbls/d, up from 790,900 bbls/d in the year-ago quarter. Total Oil Sands bitumen production was 933,900 bbls/d, broadly comparable with 937,300 bbls/d in the prior-year period, and featured record quarterly production at Fort Hills. However, Syncrude maintenance and a third-party natural gas input pipeline curtailment weighed on production. Net synthetic crude oil and diesel production declined to 519,300 bbls/d from 536,600 bbls/d a year earlier due to lower Syncrude upgrader availability. Non-upgraded bitumen production increased to 279,500 bbls/d from 254,300 bbls/d, primarily due to d...

USA Compression Partners USAC reported first-quarter 2026 adjusted net profit of 27 cents per common unit, matching the Zacks Consensus Estimate. The metric improved from the year-ago quarter’s net profit of 18 cents per common unit, driven by a year-over-year increase in revenue-generating capacity and the contribution from the J-W Power acquisition. The largest independent provider of natural gas compression services generated revenues of $331.3 million, improving 35.2% from the year-ago quarter’s level and beating the Zacks Consensus Estimate by 13.3%. This growth was aided by higher contract operations revenues and the inclusion of J-W Power’s results following the Jan. 12, 2026, acquisition. USA Compression Partners, LP price-consensus-eps-surprise-chart | USA Compression Partners, LP Quote Dallas, TX-based oil and gas equipment and services company’s adjusted EBITDA increased 26.1% to $188.6 million from $149.5 million in the prior-year quarter. Distributable cash flow rose to $130.8 million from $88.7 million in the year-ago period. The company reported net income of $38.3 million compared with $20.5 million in the year-ago quarter. USAC reported net operating cash flow of $86.1 million in the first quarter, up from the prior-year quarter’s $54.7 million. The company’s revenue-generating capacity increased year over year to 4.44 million horsepower from 3.56 million horsepower, primarily reflecting the J-W Power acquisition. Moreover, the figure exceeded our estimate of 3.58 million horsepower. Adjusted gross operating margin of 64.4% marked a decrease from the year-ago period’s 66.7%. Further, the average monthly revenue per horsepower rose to $22.73 from $21.06 in the first quarter of 2025. However, the figure missed our estimate of $25.01 million average monthly revenue per horsepower. USA Compression’s average quarterly horsepower utilization rate was 91.9%, down from the year-ago quarter’s 94.4%. USA Compression’s distributable cash flow available to limited partners totaled $130.8 million, providing 1.72x distribution coverage, up from the year-ago level of 1.44x. The company reported $239.9 million in costs and expenses, up from $175.8 million in the year-ago quarter. It spent $26.4 million on growth capex. Maintenance capex amounted to $9.2 million. As of March 31, 2026, USA Compression had net long-term debt of $3 billion. The partnership had...

TC Energy Corporation TRP reported first-quarter 2026 adjusted earnings of 72 cents per share, which beat the Zacks Consensus Estimate of 70 cents. Moreover, the bottom line increased from 66 cents reported in the year-ago period. This outperformance was driven by robust results from all the reportable segments of the company. This North American energy infrastructure provider's quarterly revenues of $2.8 billion missed the Zacks Consensus Estimate by 5%. However, the figure increased 11.5% year over year. TC Energy Corporation price-consensus-eps-surprise-chart | TC Energy Corporation Quote TC Energy’s comparable EBITDA increased to C$3.1 billion from C$2.7 billion in the prior year. TRP’s board of directors declared a quarterly dividend of 87.75 Canadian cents per common share for the quarter ending June 30, 2026, translating to an annualized dividend rate of C$3.51. The dividend will be payable on July 31, 2026, to its shareholders of record on June 30. Canadian Natural Gas Pipelines reported a comparable EBITDA of C$919 million, up 3.3% from the year-ago quarter’s level. TRP reported that Canadian Natural Gas Pipelines deliveries averaged 29.7 billion cubic feet per day (Bcf/d), marking a 3% increase from the year-ago quarter’s level and achieving a new all-time delivery record of 33.2 Bcf on Jan. 22, 2026. The company posted that Canadian Mainline Western receipts averaged 5 Bcf/d, in line with the year-ago quarter’s level. U.S. Natural Gas Pipelines reported a comparable EBITDA of C$1,497 million, indicating a 9.5% increase from the prior-year quarter’s actual. U.S. Natural Gas Pipelines recorded daily average flows of 32.6 Bcf/d, marking a 5% increase from the first quarter of 2025. The segment also reached a new all-time delivery record of 39.9 Bcf on Jan. 29, 2026. Deliveries to LNG facilities averaged 3.9 Bcf/d, up 12% from the prior-year quarter. Mexico Natural Gas Pipelines reported a comparable EBITDA of C$432 million, up 85.4% from the year-ago quarter’s reported figure of C$233 million. TRP reported that Mexico Natural Gas Pipelines flows in the first quarter averaged 2.8 Bcf/d, which was lower than the year-ago quarter’s level due to adjustments made to the pipeline flows. Additionally, deliveries to power generation facilities averaged 1.2 Bcf/d in the first quarter of 2026, in line with first-quarter 2025. Power and Energy Solutions registe...

Transocean Ltd. RIG reported a first-quarter 2026 adjusted loss of 3 cents per share, in contrast to the Zacks Consensus Estimate of earnings of 7 cents. The underperformance was primarily due to higher interest expenses and tax-related impacts. However, the bottom line improved from the year-ago quarter’s adjusted loss of 10 cents, supported by higher revenues, stronger fleet utilization, improved revenue efficiency and higher average daily revenues. The Switzerland-based offshore drilling contractor’s contract drilling revenues of $1.08 billion surpassed the Zacks Consensus Estimate of $1.03 billion by 5.2%. This was due to higher-than-expected revenues from ultra-deepwater and harsh environment floaters. Ultra-deepwater and harsh environment revenues beat the consensus mark of $480 million and $264 million, respectively. The top line also increased 19.3% from the year-ago quarter’s reported figure of $906 million. Transocean Ltd. price-consensus-eps-surprise-chart | Transocean Ltd. Quote Adjusted EBITDA was $440 million, up from $244 million in the year-ago period and $385 million in the fourth quarter of 2025. Moreover, the figure beat our model estimate of $352.7 million. Adjusted EBITDA margin was 40.7% compared with 26.9% in the year-ago quarter and 36.8% in the prior quarter. Ultra-deepwater floaters accounted for about 69.2% of total contract drilling revenues, while harsh environment floaters contributed the remaining 30.8%. Transocean’s ultra-deepwater floaters generated revenues of $748 million in the reported quarter, up from $658 million in the year-ago period and $724 million in the prior quarter. Moreover, the figure beat our model estimate of $658 million. Harsh environment floaters contributed $333 million, compared with $248 million in the year-ago quarter and $319 million in the fourth quarter of 2025. Moreover, the figure beat our model estimate of $248 million. Revenue efficiency was 97.3%, up from 96.2% in the previous quarter and 95.5% in the year-ago period. Ultra-deepwater revenue efficiency improved to 97.6% from 94.3% a year ago, while harsh environment revenue efficiency came in at 96.7%. Average daily revenues increased to $475,600 from $443,600 in the year-ago quarter and $461,300 in the prior quarter. However, the figure missed our estimate of $502,600. Average daily revenues from ultra-deepwater floaters rose to $480,700 from...