Range Resources Corp

RRC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$89.00	Dysy	Klkjltzd

Range Resources Earnings: Maintenance Capital Plan Yields Unchanged Valuation

Stephen Ellis ,

Apr 24, 2024

No-moat Range Resources posted results consistent with guidance. Production came in at the midpoint of 2.14 billion of cubic feet equivalent per day, while unit costs were reasonably in range. Overall, there was nothing unexpected reported this quarter, as management has focused on maintaining production and executing a maintenance capital plan. As a result, we have left our fair value estimate unchanged at $22 per share.

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