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Range Resources rises after Q1 profit beat

ReutersApr 23, 2025 4:38 PM

Oil and gas producer Range Resources' RRC.N shares rise 2.8% to $34.21

Company posted Q1 adjusted profit of 96 cents/shr on Tuesday vs est 92 cents/shr - LSEG

Range Resources expects annual production to be about 2.2 billions of cubic feet equivalent (bcfe) per day in 2025

" We view the Q1 results as positive ... while RRC's sensitivity to the trade war with China is reflected in its recent underperformance, we continue to be selective with the natural gas E&Ps at current strip prices" - Siebert Williams Shank analyst Gabriele Sorbara

*"RRC's free cash flow will stay strong in 2025, and we expect RRC to continue with a robust buyback program in 2025 and beyond given the strength of its balance sheet" - Roth Capital Partners

Including sessions moves, stock down 7.7% YTD

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