Range Resources Q1 net income rises to $342 million; NGL price outlook raised
Range Resources reported first quarter 2026 GAAP net income of $342 million, or $1.44 per diluted share, up from $97 million, or $0.40 per diluted share, a year earlier. Total revenues and other income rose 50% to $1.03 billion, and the company raised its full-year 2026 NGL price guidance, which it says adds approximately $160 million to cash flow versus prior expectations, while processing and transportation cost guidance was also raised.
Key points
- Net income was $342 million ($1.44 per diluted share) versus $97 million ($0.40) in Q1 2025; adjusted EPS was $1.52 per diluted share.
- Full-year 2026 NGL price guidance raised to Mont Belvieu plus $1.25 to $2.50 per barrel, from plus $0.00 to $1.00 previously.
- Full-year GP&T expense guidance raised to $1.55 to $1.60 per mcfe, from $1.50 to $1.55; 2026 capital budget remains $650 million to $700 million.
- Net debt fell by $384 million during the quarter, to $834 million as of March 31, 2026, and the company repurchased 800,000 shares.
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.