At a glance
Range Resources Corp is worth $13.06B, about 20 times its fiscal 2025 earnings. Revenue grew 28.9% to $3.12B in fiscal 2025, with 21.1% kept as profit; over 5 years it has grown 9.6% a year. It pays a 0.7% dividend yield, and returned $279.0M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +52.6% over the past year with dividends reinvested and +19.5% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 40.7% in the 2020 crash (S&P 500: 33.7%) and 35.9% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high within a month and 13 months after the lows.
The business in plain English
Range Resources is an independent energy producer based in Fort Worth, Texas. It drills for and sells natural gas, natural gas liquids (NGLs, such as propane) and a small amount of oil, mostly a light oil called condensate. Almost all of its wells, reserves and production sit in one place: the Marcellus Shale in Pennsylvania, part of the Appalachian region.
The company earns money by selling what its wells produce to many customers in the US and abroad. Firm contracts on several pipelines let it reach buyers in the Midwest, Gulf Coast, Southeast, Northeast and international markets. It also uses derivatives, which are financial contracts that help steady the prices it receives on part of its output. Even so, its results still rise and fall with commodity prices. Revenue was $3.12 billion for the year ended December 31, 2025.
The 10-K does not split revenue by product or region, but reserves show the mix. Proved reserves are the amounts Range is reasonably certain it can produce at a profit. As of December 31, 2025, they were 18.1 Tcfe (a unit meaning trillions of cubic feet of gas equivalent): 65% natural gas, 34% NGLs and 1% oil. Its 1,579 producing wells averaged 2.24 Bcfe per day in 2025, the same unit in billions. Working in a single state gives Range scale, but it also concentrates risk.
Price history
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RRC +52.6% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $842.8M, up 12.6% from a year earlier, and net income was $175.3M (+21.5%).
- For fiscal 2025, revenue was $3.12B (+28.9% year over year; +9.6% a year from FY2020 to FY2025) with a 21.1% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +9.6% good |
|---|---|
| Return on equity (FY2025) | 15.2% good |
| Return on assets (FY2025) | 8.9% good |
| Net cash (cash minus debt) | $-780.9M weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $1.97B | $-711.8M | — |
| FY2021 | $2.93B | $411.8M | — |
| FY2022 | $4.15B | $1.18B | — |
| FY2023 | $3.37B | $871.1M | — |
| FY2024 | $2.42B | $266.3M | — |
| FY2025 | $3.12B | $658.0M | — |
Valuation snapshot
| Market value | $13.06B |
|---|---|
| P/E ratio | 20.4 |
| Dividend yield | 0.7% |
Rank among 1514 US companies
Market value at each year end
Range Resources’s market value went from $8.49B at the end of 2016 to $13.06B on Oct 28, 2026, up 54%; since the end of 2025 it is up 56%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $13.06B | +56.3% |
| 2025 | $8.35B | -3.8% |
| 2024 | $8.68B | +18.2% |
| 2023 | $7.35B | +21.5% |
| 2022 | $6.05B | +30.5% |
| 2021 | $4.63B | +169.7% |
| 2020 | $1.72B | +40.8% |
| 2019 | $1.22B | -48.9% |
| 2018 | $2.39B | -43.6% |
| 2017 | $4.23B | -50.1% |
| 2016 | $8.49B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| RRC price data to Oct 28, 2026 | +59.6% | +52.6% | +18.3% | +19.5% | +5.6% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +59.6% |
| 2025 | -1.1% |
| 2024 | +19.4% |
| 2023 | +23.0% |
| 2022 | +41.1% |
| 2021 | +166.1% |
| 2020 | +38.1% |
| 2019 | -48.6% |
| 2018 | -43.6% |
| 2017 | -50.2% |
| 2016 | +39.9% |
| 2015 | -53.8% |
| 2014 | -36.5% |
| 2013 | +34.5% |
| 2012 | +1.7% |
| 2011 | +38.1% |
| 2010 | -9.4% |
| 2009 | +45.5% |
| 2008 | -32.8% |
| 2007 | +87.7% |
| 2006 | +4.6% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 17.9% over that stretch · deepest drop along the way 64.1%, back to its old high 36.2 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 15.8% over that stretch · deepest drop along the way 40.7%, back to its old high 0.9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Gained 51.7% over that stretch · deepest drop along the way 35.9%, back to its old high 13.1 months after the low |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 0 open-market purchases and 10 sales ($4.2M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Mar 2, 2026 | Mark Scucchi EVP & CFO | sell | $1.2M |
| Mar 2, 2026 | Ashley Kavanaugh VP, Principal Accting Officer | sell | $779K |
| Mar 30, 2026 | Dennis Degner Chief Executive Officer & Pres | sell | $693K |
| Mar 17, 2026 | Margaret K Dorman Director | sell | $426K |
| Mar 27, 2026 | Erin W McDowell SVP & General Counsel | sell | $396K |
Who owns it
Large shareholders (13G filings)
| Vanguard Portfolio Management | 5.75% | Mar 31, 2026 |
| FMR LLC | 5.3% | Jun 30, 2026 |
| Vanguard Capital Management | 5.25% | Mar 31, 2026 |
| Giovanni Agnelli B.V. | 5.11% | Oct 23, 2026 |
| Boston Partners | 5.09% | Jun 30, 2026 |
| T. Rowe Price Investment Management, Inc. | 1.7% | Jun 30, 2025 |
ETFs with the most weight in RRC
| DARP Grizzle Growth ETF | 4.51% |
| FCG First Trust Natural Gas ETF | 3.07% |
| PXE Invesco Energy Exploration & Production ETF | 3.01% |
| XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.82% |
| PXI Invesco Dorsey Wright Energy Momentum ETF | 2.69% |
| CSMD Congress SMid Growth ETF | 2.31% |
| FTIF First Trust Bloomberg Inflation Sensitive Equity ETF | 2.2% |
| BOUT Innovator IBD Breakout Opportunities ETF | 2.14% |
What could go wrong
- Almost everything is in Pennsylvania. Nearly all of Range's reserves and production are in Pennsylvania's Marcellus Shale. Changes in state politics, taxes or drilling rules, or local pipeline limits, could hit the whole company at once.
- Natural gas prices drive results. About 65% of proved reserves were natural gas as of December 31, 2025. Gas prices swing widely and have at times fallen below Range's cost to produce, which cuts cash flow and drilling budgets.
- Pipelines and plants are owned by others. Range relies on pipelines and NGL processing plants owned by other companies to get its products to buyers. If capacity runs short or contracts lapse, it may have to cut output or accept lower prices.
- Fracking needs large amounts of water. Hydraulic fracturing pumps water and sand at high pressure to crack rock, and it uses a lot of water. Trouble finding water, or disposing of or recycling it, could raise costs or slow drilling.
- Reserves shrink unless Range keeps drilling. Wells produce less over time, so Range must keep drilling to replace its reserves. Its capital budget for 2026 was $650 million to $700 million. Reserve estimates may also turn out too high.
- Regulation and activism against drilling. Natural gas production is heavily regulated and faces long-running activism against drilling. New rules, permit delays, lawsuits or efforts to cut fossil fuel use could raise costs or reduce demand for gas.
Recent events
- Quarterly results released
- Major agreement signed; Investor presentation or announcement; Other company announcement
- Quarterly results released
- Quarterly results released
- Quarterly results released
- Shareholder vote results
- Quarterly results released
- Quarterly results released; Other company announcement
- Quarterly results released
- Other company announcement
For income and retirement investors
Range Resources pays a small dividend with a short record. It paid nothing in 2020 and 2021. It then paid $0.16 a share in 2022, $0.32 in 2023 and 2024, and $0.36 in 2025, which makes a one-year streak of increases. The 2025 dividend used only about 13% of earnings. But the yield was just 0.7% as of October 28, 2026, so it adds little income. Shares outstanding fell about 11% between February 2022 and October 2026, so each share's slice of profits grew.
The share price swings hard. It fell 64% in 2008 and took about three years to recover. It dropped 41% in the 2020 COVID crash but recovered within a month. In the 2022 market slump it still rose 52%. Even so, it fell 36% along the way and took about 13 months to recover. Over about 21 years of price history, its deepest fall from a peak was 98%. Single stocks carry more risk than diversified funds.
Questions investors ask
How does Range Resources make money?
Range Resources makes money by drilling wells and selling the natural gas, natural gas liquids (NGLs) and small amounts of oil they produce. Almost all of that comes from the Marcellus Shale in Pennsylvania. It sells to many customers in the US and abroad. For the year ended December 31, 2025, revenue was $3.12 billion and net income was $658 million. Commodity markets set its prices, so profits swing widely: net income fell from $1.18 billion in fiscal 2022 to $266 million in fiscal 2024.
Does Range Resources pay a dividend?
Yes, but it is small. Range paid $0.36 per share in fiscal 2025, up from $0.32 in fiscal 2023 and 2024 and $0.16 in fiscal 2022. It paid no dividends in fiscal 2020 or 2021. The yield is the yearly dividend as a percentage of the stock price, and it was 0.7% as of October 28, 2026. Dividends used about 13% of fiscal 2025 earnings. The fiscal 2025 raise was the first after two years at the same level, so the record of increases is short.
How much debt does Range Resources have?
Range had $780.9 million of total debt as of September 30, 2026, with little cash to offset it. Shareholders' equity, meaning what the company owns minus what it owes, was $4.87 billion, so the debt is modest next to equity. Still, the 10-K warns that debt may limit the company's financial flexibility. It also has cross-default provisions, which mean a default on one loan could trigger defaults on others. Low gas prices would make any debt harder to carry.
Is Range Resources stock volatile?
Yes. Volatility measures how widely a price swings, and for the year to October 28, 2026 it was 36.2%. Over about 21 years of price history, the stock's deepest drop from a peak was 97.9%. It fell 64.1% in the 2008 financial crisis and took about 36 months to recover. Calendar-year results range from a 166.1% gain in 2021 to a 53.8% loss in 2015. In the 2022 stock market slump it gained 51.7%, despite a 35.9% drop along the way.
Are Range Resources insiders selling shares?
Yes. Insider filings from October 29, 2025, to October 29, 2026, show at least 10 sales worth about $4.23 million and no purchases. The largest was by chief financial officer Mark Scucchi, who sold $1,249,887 of stock on March 2, 2026. Chief executive Dennis Degner sold $693,150 on March 30, 2026. None of the sales were made under prearranged trading plans, which let executives sell on a fixed schedule. Insiders sell for many reasons, such as taxes or diversification, so this is one signal among many.