Q2 2026 Range Resources Corp Earnings Call Transcript
Key Points
- Range Resources Corp (RRC) achieved record operational results with peer-leading drilling and completion costs, showcasing significant operational efficiencies.
- The company reported strong production growth, reaching 2.3 BCF equivalent per day, with expectations to increase to 2.5 BCF by year-end.
- RRC successfully repurchased $78 million in shares during the second quarter, contributing to a total of $105 million for the first half of the year.
- The company improved its full-year NGL guidance to $2.50 per barrel over the Mont Belvieu Index, reflecting strong international pricing.
- RRC has a robust inventory with a Marcellus inventory of 30-plus years, providing a strong foundation for future growth and sustained production.
- The company faces uncertainties in the global energy market, which could impact future pricing and demand for natural gas.
- RRC's growth plans are contingent on securing demand pull for Appalachian gas, which may not materialize as expected.
- The company has moved some of its 2026 drilling activity into 2027, which could affect short-term production targets.
- There is a potential risk of increased costs due to inflation factors affecting pipeline tariffs and transportation expenses.
- RRC's ability to compete for supply agreements may be challenged by its sub-investment grade credit rating, despite having a strong balance sheet.
Hello. Welcome to the Range Resources second-quarter 2026 earnings conference call. (Operator Instructions)
Statements made during this conference call that are not historical facts are forward-looking statements. Such statements are subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements. After the speaker's remarks, there will be a question-and-answer period.
At this time, I would like to turn the call over to Mr. Laith Sando, Senior Vice President of Investor Relations at Range Resources. Sir, please go ahead.
Thank you, operator. Good morning, everyone, and thank you for joining Range's second-quarter 2026 earnings call. The speakers on today's call are Dennis Degner, Chief Executive Officer; and Mark Scucchi, Chief Financial Officer.
Hopefully, you've had a chance to review the press release and updated investor presentation that we've posted on our website. We may reference
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