# Range Resources Corporation (RRC)

> Source: Nexqual · https://nexqual.com/RRC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Range Resources Corporation (RRC), nexqual.com/RRC" · informational, not investment advice.

**Price:** USD 43.86 (+2.14% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 42.94 · day 42.1–43.94 · 52w 32.68–48.31 · market cap $10.2B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.47B, net income $860M (24.8% margin) (SEC filings).
- Valuation: P/E 11.9x (avg 18.0x at the last 3 fiscal year-ends), net debt $867M.
- 1 of 80 tracked superinvestors hold RRC (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $451K; 2 not under a Rule 10b5-1 plan ($451K); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.80 on a 1–5 scale) (25 analysts), mean target USD 46.21 (range 37–58).
- Total return with dividends: 1Y +18.1% vs S&P 500 +14.9%; 5Y +85.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 0.76, revenue estimate $809M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.58B | $5.33B | $3.37B | $2.42B | $3.12B | $3.47B |
| Gross profit | $3.21B | $4.90B | $3.17B | $2.28B | $2.93B | — |
| Net income | $412M | $1.18B | $871M | $266M | $658M | $860M |
| EPS (diluted) | $1.61 | $4.69 | $3.57 | $1.09 | $2.74 | — |
| Gross margin | 89.7% | 92.0% | 94.0% | 94.2% | 94.0% | — |
| Net margin | 11.5% | 22.2% | 25.8% | 11.0% | 21.1% | 24.8% |
| Revenue growth | +81.9% | +48.9% | -36.7% | -28.4% | +28.9% | — |
| Cash + short-term investments | $214M | $207K | $212M | $304M | $204K | — |
| Total debt | $2.93B | $1.84B | $1.77B | $1.70B | $1.20B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 11.9x · P/S 3.0x · EV/Sales 3.2x · P/B 2.2x · Earnings yield 8.39% · Dividend yield (paid, TTM) 0.88% · Net debt $867M · EV $11.1B
P/E at fiscal year-ends: Dec 2025 12.8x, Dec 2024 32.8x, Dec 2023 8.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold RRC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I |  | 0.05% | $238K | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-05 | Spiller Reginal | Director | 3,500 | $140K | 16% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-07 | Cline Brenda A | Director | 7,000 | $311K | 5.4% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.80 on a 1–5 scale), 25 analysts; mean target USD 46.21 (low 37, high 58).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Susquehanna | Target raised | Neutral | $41 → $44 |
| 2026-10-15 | Morgan Stanley | Target raised | Equal-Weight | $43 → $45 |
| 2026-10-05 | Truist Securities | Target lowered | Hold | $45 → $43 |
| 2026-10-02 | UBS | Target lowered | Neutral | $49 → $44 |
| 2026-09-14 | UBS | Target raised | Neutral | $44 → $49 |
| 2026-09-08 | Barclays | Target raised | Equal-Weight | $40 → $42 |
| 2026-08-19 | Morgan Stanley | Target lowered | Equal-Weight | $44 → $43 |
| 2026-08-17 | Barclays | Target lowered | Equal-Weight | $43 → $40 |
| 2026-07-23 | Wells Fargo | Target lowered | Equal-Weight | $46 → $45 |
| 2026-07-22 | Stephens & Co. | Target raised | Overweight | $52 → $53 |
| 2026-07-21 | Susquehanna | Target lowered | Neutral | $45 → $41 |
| 2026-07-10 | UBS | Target lowered | Neutral | $49 → $44 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +18.1% | +85.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +18.2% | +13.2% |
| Volatility (annualized) | 31.9% | 43.1% |
| Max drawdown | -25.3% (Mar 2026→Jul 2026) | -36.2% (May 2022→Mar 2023) |

## Peers (Oil & Gas E&P)
SM (SM Energy Company) USD 38.42 -0.49% · AR (Antero Resources Corporation) USD 39.04 +1.38% · CHRD (Chord Energy Corporation) USD 150.48 -0.25% · VIST (Vista Energy S.A.B. de C.V.) USD 70.61 -1.16% · MTDR (Matador Resources Company) USD 56.79 -1.66% · MGY (Magnolia Oil & Gas Corporation) USD 25.27 -0.63%

## More
Full page: https://nexqual.com/RRC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Natural Gas Natural Gas Liquids & Oil Sales | $702.1M | 92.4% | +5.3% |
| Brokered Natural Gas & Marketing | $57.5M | 7.6% | +74.2% |
| Total revenue | $759.6M | 100% | — |

## Customer concentration

Period ended 2025-12-31: 10% of revenue from unnamed direct customers (10-K, filed 2026-02-24).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.76 | $0.82 | -8.0% | $809.1M | 22 |
| Next quarter (ends 2026-12-31) | $1.03 | $1.08 | -4.9% | $936.4M | 21 |
| Current fiscal year (ends 2026-12-31) | $4.12 | $4.07 | +1.2% | $3.56B | 23 |
| Next fiscal year (ends 2027-12-31) | $4.12 | $4.04 | +2.1% | $3.74B | 23 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-27): ±7.8%; last 8 reports averaged ±2.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 34.7% | ±7.8% |
| 2026-12-18 | 56 | 34.2% | ±10.8% |
| 2027-01-15 | 84 | 34.5% | ±13.5% |
| 2027-03-19 | 147 | 34.9% | ±17.6% |
| 2027-06-17 | 237 | 35.2% | ±22.3% |