Range Resources (RRC)
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
$42.00-0.87%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
Intact: The reason to own it still holds.
Range Resources grows revenue by over $200 million next year. Net income more than doubles to $341.6 million in Q1 2026. Cash from operations rises strongly to support growth and dividends. The stock trades cheap with a PE of 10.6 versus peers at 16.2.
Natural gas prices could weaken, hurting revenue and cash flow. Capital spending near $650 million may pressure free cash flow. Analyst estimates have been revised down slightly. The sector faces headwinds that could limit growth.
The price is about 4% above our fair value near $36, reflecting roughly 8% revenue growth. Our fair value is 25% below the Street median, indicating the market prices in moderate growth but not peak optimism.
Breaks if: Capex exceeds $700 million in FY2026
Breaks if: Cash from operations falls below $257.5 million in any quarter next year
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a multi-year view on a company in the energy sector, which is currently experiencing a tailwind. The thesis is in a state of mixed execution, with management focused on disciplined growth and capital allocation.
The market seems to price RRC as cheap compared to its peers, reflecting a low expectations gap. However, there is some fragility due to weak execution quality and a turbulent sector environment.
Management is on track with its growth plan, showing steady production increases. However, capital spending and shareholder returns are mixed, which could impact future performance.
The long-term thesis hinges on inflation trends and the performance of sector bellwethers like COP, EOG, and OXY. A potential cut in guidance could negatively impact sentiment and estimates.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports a more favorable outlook for RRC. There are no new threats impacting the thesis at this time.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Focus on enhancing cash flow from operating activities to support growth and shareholder returns.
Breaks if: Net income falls below $179 million in any quarter next year
Breaks if: Revenue falls below $820 million in any quarter next year
The outlook for RRC over the next 1 to 3 years is uncertain due to mixed execution and sector dynamics. Not investment advice.