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FINWIRES

Range Resources Posts Slight Production Growth in Q1

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-- Range Resources (RRC) reported on Tuesday total average production of 2.21 billion cubic feet equivalent per day in Q1, compared with 2.20 Bcfe a year ago.

Total liquids production averaged 116,432 barrels per day, consisting of 108,193 bbl/d of natural gas liquids and 8,239 bbl/d of oil and condensate.

Liquids accounted for approximately 32% of total quarterly production.

The company reaffirmed its 2026 annual production guidance of 2.35 to 2.40 Bcfe per day, with liquids expected to remain above 30% of the total production mix.

Range Resources generated sales at a rate of $4.85 per mcf for gas and $26.62 per barrel for liquids, with oil sales bringing in $58.41 per barrel.

The company said it is "well-positioned" to serve local and global demand for US natural gas products, given its "low full-cycle cost structure, and high-return, long-life asset base."

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