RRC (Range Resources) Operating Income: $1,066 Mil (TTM As of Mar. 2026)


RRC Range Resources Corp RRC
75 GF Score
Price $37.85
GF Value $44.83
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Range Resources Operating Income?

Range Resources RRC +1.47% 75 Operating Income is $1,066 Mil as of Mar. 2026. GuruFocus rates RRC with a GF Score™ of 75/100 and a GF Value™ of $44.83 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Range Resources's Operating Income for the three months ended in Mar. 2026 was $512 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $1,066 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Range Resources's Operating Income for the three months ended in Mar. 2026 was $512 Mil. Range Resources's Revenue for the three months ended in Mar. 2026 was $1,067 Mil. Therefore, Range Resources's Operating Margin % for the quarter that ended in Mar. 2026 was 47.93%.

Range Resources's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Range Resources's annualized ROC % for the quarter that ended in Mar. 2026 was 22.58%. Range Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 26.22%.


Range Resources  (NYSE:RRC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Range Resources's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2046.5 * ( 1 - 21.13% )/( (7120.232 + 7175.764)/ 2 )
=1614.07455/7147.998
=22.58 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7421.948 - 518.388 - ( 0.204 - max(0, 661.152 - 444.48+0.204))
=7120.232

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7404.908 - 532.031 - ( 0.247 - max(0, 678.657 - 375.77+0.247))
=7175.764

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Range Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1810.32/( ( (6886.743 + max(-158.098, 0)) + (6921.535 + max(-243.732, 0)) )/ 2 )
=1810.32/( ( 6886.743 + 6921.535 )/ 2 )
=1810.32/6904.139
=26.22 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(358.687 + 0 + 85.589) - (518.388 + 5.775 + 78.211)
=-158.098

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(276.51 + 0 + 99.013) - (532.031 + 6.426 + 80.798)
=-243.732

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Range Resources's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=511.625/1067.481
=47.93 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Range Resources Operating Income Related Terms


Range Resources Operating Income Historical Data

* Premium members only.

The historical data trend for Range Resources's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Range Resources Operating Income Chart

Range Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,376.20 2,992.95 563.14 354.14 865.34

Range Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 311.02 187.41 126.60 240.31 511.63
RRC
75GF Score
Range Resources Corp RRC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Range Resources Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,066 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $1,066 Mil mean?
Range Resources (RRC) has a Operating Income of $1,066 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Range Resources and its competitors.
Is Range Resources' Operating Income too high?
Range Resources' current Operating Income is $1,066 Mil. Overall, Range Resources has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Range Resources' Operating Income compare to AR and CHRD?
Range Resources' Operating Income of $1,066 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Oil & Gas company?
A good Operating Income depends on the Oil & Gas industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Range Resources and its competitors. Range Resources's current Operating Income is $1,066 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Range Resources stock overvalued right now?
Based on GuruFocus' analysis, Range Resources (RRC) is currently considered Modestly Undervalued. The stock's GF Value™ is $44.83, compared to a current price of $37.85 — trading 15.6% below its estimated fair value. The current Operating Income is $1,066 Mil. Range Resources' overall GF Score™ is 75/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Range Resources (RRC), the current Operating Income is $1,066 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Range Resources (RRC) Overvalued in 2026?

Based on GuruFocus' analysis, Range Resources stock appears to be undervalued. The current stock price of $37.85 is trading 15.6% below its estimated GF Value™ of $44.83. GuruFocus considers Range Resources to be Modestly Undervalued.

Key valuation signals for RRC:

  • Operating Income: $1,066 Mil
  • GF Value™: $44.83 vs. price of $37.85 (15.6% below fair value)
  • GF Score™: 75/100 with 2 warning signs

No single metric tells the full story. See the RRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Range Resources Business Description

Industry EnergyOil & Gas
Other Exchanges 0KTW:UKRAX:Germany
Address 100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102
Range Resources is an exploration and production firm whose operations represent a pure play in the Marcellus shale, located in the Appalachian region of Southwest Pennsylvania. The company went public as Lomak Petroleum in 1980 and later reorganized as Range Resources in 1998. After an expensive 10-year venture with a multi-basin strategy, Range Resources found its identity as an Appalachian natural gas producer, offloading its Permian assets in 2013. Range quickly became a leading US gas producer after its merger with Memorial Resource Development in 2016. Following the merger, Range saw its operational unit costs rise to an uncompetitive level and subsequently sold the assets in 2020 to return to its roots as an Appalachian producer.
75GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$37.85
Price
$44.83
GF Value