Range Resources Q4 EPS 82¢, Increases 2026 Guidance to 2.35–2.40 Bcfe/d and Boosts Dividend 11%
Range Resources reported Q4 adjusted earnings of $0.82 per share on revenues of $811.9 million, driven by 2,316.5 Mcfe/d production (up 5% year-over-year) and 12% higher price realization of $3.50 per Mcfe. The company raised 2026 production guidance to 2.35–2.40 Bcfe/d and increased its quarterly dividend 11% to $0.10.
1. Q4 Earnings and Production Growth
Range Resources delivered adjusted Q4 EPS of $0.82 on revenues of $811.9 million. Production averaged 2,316.5 Mcfe/d, up from 2,202.5 Mcfe/d a year ago, with natural gas comprising 69% of volumes.
2. Price Realization and Costs
Total price realization averaged $3.50 per Mcfe, a 12% increase year-over-year, led by a 34% jump in natural gas prices to $3.26 per Mcf. Total costs rose 4% to $583.6 million, below projections, with gathering and processing costs increasing to $311.4 million.
3. 2026 Guidance and Capital Plan
The company forecasts 2026 production of 2.35–2.40 Bcfe/d, over 30% liquids, and set capital expenditures at $650–700 million. Drilling and completion spending reached $167 million in Q4, with $16 million on acreage and infrastructure.
4. Dividend Increase
Range’s board approved an 11% quarterly dividend increase to $0.10 per share, payable March 27 to shareholders of record as of March 13, representing an annualized payout of $0.40 per share.