RANGE RESOURCES CORP
For the period ended Sep 30, 2024. Filed Oct 22, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 22, 2024
RRC$51.20+4.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Unaudited)
CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues and other income: | ||||
| Natural gas, NGLs and oil sales | $533,277 | $526,718 | $1,578,728 | $1,731,382 |
| Derivative fair value income | 47,124 | 38,394 | 110,530 | 530,095 |
| Brokered natural gas, marketing and other | 34,632 | 44,612 | 101,187 | 171,584 |
| Total revenues and other income | 615,033 | 609,724 | 1,790,445 | 2,433,061 |
| Costs and expenses: | ||||
| Direct operating | 25,285 | 22,562 | 70,198 | 73,442 |
| Transportation, gathering, processing and compression | 306,154 | 277,207 | 878,524 | 830,880 |
| Taxes other than income | 5,117 | 4,756 | 15,459 | 19,643 |
| Brokered natural gas and marketing | 32,588 | 46,206 | 98,287 | 158,074 |
| Exploration | 7,334 | 6,970 | 18,511 | 19,022 |
| Abandonment and impairment of unproved properties | 4,723 | 11,012 | 8,618 | 44,308 |
| General and administrative | 41,526 | 38,093 | 125,608 | 120,765 |
| Exit costs | 7,649 | 10,684 | 28,058 | 71,661 |
| Deferred compensation plan | (1,930) | 8,997 | 5,715 | 29,546 |
| Interest | 29,301 | 30,599 | 89,490 | 93,918 |
| Gain on early extinguishment of debt | (11) | — | (254) | (439) |
| Depletion, depreciation and amortization | 91,137 | 87,619 | 265,872 | 259,197 |
| Gain on the sale of assets | (69) | (109) | (222) | (353) |
| Total costs and expenses | 548,804 | 544,596 | 1,603,864 | 1,719,664 |
| Income before income taxes | 66,229 | 65,128 | 186,581 | 713,397 |
| Income tax expense: | ||||
| Current | 1,282 | 601 | 5,263 | 3,000 |
| Deferred | 14,291 | 15,097 | 9,820 | 149,289 |
| 15,573 | 15,698 | 15,083 | 152,289 | |
| Net income | $50,656 | $49,430 | $171,498 | $561,108 |
| Net income per common share: | ||||
| Basic | $0.21 | $0.20 | $0.71 | $2.30 |
| Diluted | $0.21 | $0.20 | $0.70 | $2.27 |
| Dividends declared per share | $0.08 | $0.08 | $0.24 | $0.24 |
| Weighted average common shares outstanding: | ||||
| Basic | 240,865 | 241,338 | 240,832 | 239,455 |
| Diluted | 242,623 | 243,937 | 242,802 | 242,144 |
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