Range Resources (RRC) Q3 2026 Earnings
How Did RRC Stock React to Q3 2026 Earnings?
Did RRC Beat Earnings? Q3 2026 Results
Yes. Range Resources reported Q3 2026 earnings of $0.81 a share on Oct 28, 2026, beating the $0.76 consensus estimate by 6.6%. Revenue was $842.8M against a $809.8M estimate.
Range Resources delivered a strong third-quarter 2026 beat across both top and bottom lines, with adjusted EPS of $0.81 clearing the $0.76 consensus by 6.58% and revenue of $842.83 million topping estimates of $809.85 million by 4.07%, representing 28.6% growth year over year. The primary engine behind the results was a surge in production, with total output averaging 2.50 Bcfe per day, up 12% from a year ago, anchored by record liquids volumes of 133,173 barrels per day as newly commissioned infrastructure in Range's liquids-rich Appalachian acreage drove NGL volumes 15% higher and oil output 25% higher. GAAP net income rose 21% to $175.32 million, while adjusted net income climbed 41% to $190.81 million. The quarter's financial discipline was equally notable, with net debt declining 35% from year-end 2025 to roughly $793.99 million. Overshadowing the operational narrative is the pending merger with EQT Corporation, which CEO Dennis Degner described as a transaction that will deliver improved market access and enhanced cash flow generation, with Range expecting to exit 2026 in its strongest financial position in recent memory.
- Record liquids production of 133,173 barrels per day driven by strong well performance and expanded infrastructure in liquids-rich area
- Total production averaged 2.50 Bcfe per day, up 12% year over year
- Realized price including hedges of $3.43 per mcfe, a $0.48 premium to NYMEX natural gas
- Pre-hedge NGL realizations of $27.54 per barrel, a $1.54 premium over Mont Belvieu equivalent
- Oil production increased 25% year over year to 6,499 barrels per day
- NGL production increased 15% year over year to 126,674 barrels per day
- Interest expense declined 45% per mcfe year over year due to reduced debt
- Net debt declined 35% from year-end 2025 to approximately $794 million
“Our third quarter results showed consistent progress on our multi-year development plan, as key infrastructure was commissioned in Range's liquids-rich area. As a result of strong well performance and expanded infrastructure, Range's liquids production increased to a Company record of over 130,000 barrels per day. Increased liquids production, paired with strategic access to international markets, drove strong cash margins and free cash flow during the quarter, further bolstering Range's financial position.”
Range Resources CEO, on the earnings call
What Is Range Resources's Outlook?
Range will not host a conference call due to its pending merger with EQT Corporation. The company plans to turn 68 total wells to sales in 2026 (50 liquids-rich, 18 dry gas), with 55 completed year-to-date and 13 remaining. CEO Degner stated the company expects to exit 2026 in the strongest position in Range's history and believes the EQT transaction will provide improved market access, best-in-class inventory, enhanced cash flow generation, and fortified resiliency through commodity cycles.
RRC YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $842.8M | $655.6M | +28.6% |
| Net Income | $175.3M | $144.3M | +21.5% |
RRC Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.