Range Resources Q2 net income falls 18% to $195 million; NGL price outlook raised
Range Resources reported second quarter 2026 results, with GAAP net income of $195 million ($0.83 per diluted share), down from $238 million ($0.99 per share) a year earlier, on total revenues and other income of $834 million, down 3%. The company raised its full-year 2026 NGL price guidance and narrowed its natural gas and oil differential guidance, while keeping its capital budget and production outlook unchanged, and it repurchased $78 million of shares during the quarter.
Key points
- Net income was $195 million ($0.83 per diluted share) versus $238 million ($0.99) in Q2 2025; earnings include a $74 million mark-to-market derivative gain.
- Adjusted net income comparable to analysts' estimates was $186 million ($0.79 per diluted share).
- Full-year 2026 NGL guidance raised to Mont Belvieu plus $2.00 to $2.50 per barrel from plus $1.25 to $2.50; natural gas differential narrowed to NYMEX minus $0.35 to $0.40.
- Net debt was approximately $881 million as of June 30, 2026, down from $1.22 billion at December 31, 2025; 2026 capital budget remains $650 million to $700 million.
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 July 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.