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Range Resources CorporationRRCCompetitor analysis, valuation and peers

United States · USD·Energy›Oil & Gas Production

US natural gas and NGL producer, an early Marcellus Shale pioneer in Appalachia.

Momentum leader 90
Mkt cap
$11.4B
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$301M
20-day average traded
Fwd P/E
12.1×
forward earnings
ROIC−WACC
+7.3 pp
WACC 7.9%
Hurdle
-13 pp
Req g minus delivered
Next earnings
116 days
2 Mar 2027
Close · USD$48.72
1D-2.9%
1W-10.8%
1M+19.5%
3M+20.9%
6M+20.2%
YTD+38.2%
1Y+31.4%
ATR %4.0%
Beta-0.18
52w lowhigh14.4% off high

What Range Resources does

US natural gas and NGL producer, an early Marcellus Shale pioneer in Appalachia.

Sells natural gas and natural gas liquids (ethane, propane, butane) at market prices, hedging part of its output with contracts that lock in future prices to smooth the swings. Its wells are concentrated in southwestern Pennsylvania, where it drilled early Marcellus wells in the 2000s, and pipeline access to better-priced markets affects the price it receives.

Products and services

  • Natural gas production
  • NGL production (ethane, propane, butane)

Customers

  • Gas/NGL marketers
  • Petrochemical/export customers

Where it sits in the supply chain

  • Oil & gas
  • Natural gas/NGL E&P
  • Appalachia (Marcellus Shale, southwest…

What could go right

  • LNG-driven gas demand growth
  • NGL export demand

What could go wrong

  • Natural gas price cyclicality
  • Appalachian pipeline takeaway constraints

Moat: narrow (cost advantage, process know-how). Decades of Marcellus experience and low-cost acreage give efficient, long-lived drilling inventory.

Headquarters: Fort Worth, Texas, US · Founded: 1976 · Employees: 564

Named competitors

Range Resources at a glance

Size Range Resources (RRC) is a United States Energy company (Oil & Gas Production) with a market value of $11.4B, the 721st largest of 3,117 United States companies the cockpit tracks. Shares closed at $48.72 on 6 Nov 2026.

Performance Over six months the shares gained 20.2%, against -2.8% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 17 in its peer set.

Growth Revenue grew 17.8% over the last twelve months (peer median +9.5%); the operating margin is 32.8% (peer median 22.3%).

Valuation It trades at 12.1× forward earnings against a peer median of 10.3× (6th most expensive of 17).

Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -13 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 7.3 points above its cost of capital (7.9% WACC).

Short interest Short interest is 11.2% of the free float (15 Oct 2026).

Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026RRC 119Peer median 96
Six months, rebased to 100: Range Resources against the median of its 16 peers (local-currency closes).

Range Resources financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$3.40B$2.99B$2.36B$2.55B$5.34B
Revenue growth—+27%-8%-52%—
Gross profit$1.31B$1.02B$531M$694M$3.14B
EBITDA$1.52B$1.24B$710M$889M$3.30B
Net income$890M$657M$265M$856M$1.15B
Free cash flow$727M$530M$316M$371M$1.38B
Capital expenditure$692M$642M$629M$607M$488M
Total debt$918M$1.37B$1.82B$1.80B$1.93B

Quarterly statements and history in the cockpit →

Range Resources competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%-10%0%+10%+20%ARORGTOUSEPLVISTSTOMGYHBRMURCNXPTENWDS605090IPCORRC6-month return →1-month return →
Up and to the right = strong over both horizons. Range Resources is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%20×40×ARORGTOUSEPLVISTSTOMGYHBRCNXCRKPTENWDSTPZ605090RRCRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Range Resources is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%ARORGSEPLVISTSTOMGYMURCNXPTENTPZ605090RRCGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Range Resources is the large dot.

Range Resources competitors and peer comparison

Head to head with its named competitors (RRC vs AR vs EQT vs CNX)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Range Resources RRC$11.4B+20%+18%33%12.1×-1.7%
Antero Resources AR$11.1B0%+22%23%7.8×-4.1%
EQT EQT$30.9B-12%+18%42%16.0×-1.9%
CNX Resources CNX$4.99B-2%+8%40%9.3×-5.8%
Gulfport Energy GPOR$2.65B-16%+27%42%6.3×-13.4%
Comstock Resources CRK$3.94B-5%+17%19%43.4×n/a
Diversified Energy DEC$899M-19%+109%15%2.1×-0.5%

How Range Resources compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Range Resources against its 16 peers (data as of 6 Nov 2026)
MeasureRRCPeer medianRank in peer set
1-month return+19.5%-1.7%highest of 17
6-month return+20.2%-2.8%2nd highest of 17
Distance from 52-week high-14.4%-20.0%7th highest of 17
Revenue growth (TTM)+17.8%+9.5%5th highest of 17
Operating margin32.8%22.3%6th highest of 17
Forward P/E12.1×10.3×6th most expensive of 17
Growth the price implies (Req g, 7 yrs)-1.7%-0.6%5th least demanding of 12
Growth delivered (Del g)+10.9%+17.9%4th lowest of 12
Hurdle (Req g minus delivered)-12.6 pp-18.4 pp5th most demanding of 12
ROIC minus cost of capital+7.3 pp+0.9 pp5th highest of 17
EV / EBITDA8.1×6.9×5th most expensive of 16
Net debt / EBITDA0.6×1.1×4th least indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Range Resources RRCUnited States$11.4B+20%+18%33%12.1×-1.7%+10.9%
Antero Resources ARUnited States$11.1B0%+22%23%7.8×-4.1%+15.1%
Origin Energy ORG.AXAustralia$14.4B+5%-10%8%16.2×10.9%+5.0%
Tourmaline Oil TOU.TOCanada$17.5B-3%+4%1%11.9×n/an/a
Seplat Energy SEPL.LUnited Kingdom$7.14B+56%+25%27%19.7×-7.1%+38.0%
Vista Energy SAB de CV Sponsored ADR VISTUnited States$6.91B-12%+84%40%4.6×-13.4%+55.3%
Santos STO.AXAustralia$19.2B+11%-8%21%8.1×11.7%+9.3%
Magnolia Oil & Gas MGYUnited States$6.34B-15%+11%38%7.4×3.4%+19.4%
Harbour Energy HBR.LUnited Kingdom$6.17B-8%+17%40%5.1×n/an/a
Murphy Oil MURUnited States$5.16B-3%+8%22%8.6×-0.7%+9.0%
CNX Resources CNXUnited States$4.99B-2%+8%40%9.3×-5.8%+14.6%
Comstock Resources CRKUnited States$3.94B-5%+17%19%43.4×n/an/a
Patterson-UTI Energy PTENUnited States$3.76B-13%0%0%26.0×42.6%+33.8%
Woodside Energy WDS.AXAustralia$40.4B0%-10%26%9.4×n/an/a
Topaz Energy TPZ.TOCanada$3.17B-9%+22%60%22.8×5.9%+29.4%
Jiangxi Jovo Energy 605090.SSChina$3.02B-37%-7%9%11.8×-0.6%+17.9%
International Petroleum Corp. (British Columbia) IPCO.TOCanada$2.85B0%+11%19%11.2×n/an/a

Questions

Who are Range Resources's main competitors?
Named competitors: Antero Resources (AR), EQT Corporation (EQT), Coterra Energy (private or unlisted), Southwestern/Expand Energy (private or unlisted), CNX Resources (CNX), Gulfport Energy (GPOR). The cockpit's measured peer set (industry) also includes Antero Resources (AR), Origin Energy (ORG.AX), Tourmaline Oil (TOU.TO), Seplat Energy (SEPL.L), Vista Energy SAB de CV Sponsored ADR (VIST), Santos (STO.AX).
Is Range Resources expensive compared with its peers?
On forward p/e it trades at 12.1× against a peer median of 10.3×, 6th most expensive of 17 in its peer set. For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -13 pp: the price already allows for a slowdown.
How has Range Resources stock performed?
Over six months to 6 Nov 2026 the shares returned +20.2% against -2.8% for the median peer; over one year +31.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.