Range Resources Reports Steady Q4 and Full-Year 2025 Results

Company outlines 2026 outlook, including infrastructure-driven production growth and shareholder returns

Mar. 3, 2026 at 4:07am

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Range Resources (NYSE:RRC) outlined steady operational execution, continued free cash flow generation, and an active shareholder return program during its fourth-quarter and full-year 2025 earnings call. Management also provided a detailed outlook for 2026 activity levels and production cadence, emphasizing infrastructure-driven growth in the second half of the year and flexibility to adjust plans beyond 2027 based on demand and market signals.

Why it matters

Range Resources is a major player in the Appalachian Basin's natural gas and natural gas liquids production, and its quarterly and annual results provide insights into the broader energy market dynamics, including the impact of weather events, export trends, and infrastructure development.

The details

In the fourth quarter, Range reported all-in capital of $183 million and production of 2.3 Bcfe/d. For full-year 2025, the company invested $674 million in capital and generated production of about 2.24 Bcfe/d, which management attributed to strong well performance and ongoing optimization of gathering and compression infrastructure. Operationally, Range ran two horizontal rigs in the quarter, drilling roughly 225,000 horizontal feet across 15 laterals, averaging 15,000 feet per well. The company's annual services RFP resulted in 2026 drilling and completions pricing that is 'flat to slightly lower' than 2025 levels.

  • In the fourth quarter, Range reported all-in capital of $183 million and production of 2.3 Bcfe/d.
  • For full-year 2025, the company invested $674 million in capital and generated production of about 2.24 Bcfe/d.

The players

Range Resources

An independent energy company engaged in the exploration, development, and production of natural gas, oil, and natural gas liquids, with a significant presence in Pennsylvania's Marcellus Shale.

Dennis Degner

Chief Executive Officer of Range Resources.

Mark Scucchi

Chief Financial Officer of Range Resources.

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