Range Resources Corp
RRC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $44.00 | Hvy | Wypldjg |
Range Resources Continues to Focus on Maintenance Plan
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Business Strategy and Outlook
Range Resources focuses on the Marcellus Shale play in southwest Pennsylvania. Natural gas accounts for over two thirds of its production, but a portion of its acreage also yields natural gas liquids, which gives it indirect exposure to crude prices (NGLs are substitutes for certain refined oil products). In 2024, Range Resources is focused on executing a maintenance plan designed to maintain production while keeping spending to a minimum.