Range Resources (RRC) Is Up 5.7% After Strong Q3 Results and Expanded Buyback Program – What's Changed

• Range Resources Corporation recently reported strong third-quarter and nine-month results, including higher revenue and net income year-over-year, slightly increased production guidance for 2025, and completion of a large share repurchase program.
• An interesting aspect is the company's continued focus on shareholder returns, with share buybacks totaling US$690.34 million to date alongside reaffirmed free cash flow and capital spending outlooks.
• We'll explore how Range Resources' improved earnings and updated production guidance influence its investment narrative and outlook.

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Range Resources Investment Narrative Recap

To own shares of Range Resources, investors need confidence in the growing long-term demand for natural gas, Range's operational efficiency, and its ability to maintain robust free cash flow while returning value to shareholders. The latest earnings report delivered higher revenues and net income, but the slight increase in 2025 production guidance does not materially change the primary near-term catalyst, expanding regional gas demand, or lessen ongoing risks from regional price volatility tied to oversupply.

One of the most relevant developments is Range's completion of its substantial US$690.34 million share repurchase program, which significantly reduced share count over several years. This sits alongside management's reaffirmed free cash flow outlook and steady capital spending plans, providing stability as Range seeks to capture the benefits of incremental natural gas demand and international market access.

However, investors should also be mindful that, despite these financial milestones, any signs of regional oversupply...

Read the full narrative on Range Resources (it's free!)

Range Resources is expected to generate $4.1 billion in revenue and $804.1 million in earnings by 2028. This outlook assumes a 13.7% annual revenue growth rate and a $325 million increase in earnings from the current level of $478.7 million.

Uncover how Range Resources' forecasts yield a $41.79 fair value, a 11% upside to its current price.

Exploring Other Perspectives

Five Simply Wall St Community members estimate Range Resources’ fair value between US$29 and US$78.76. While outlooks vary widely, expanding US LNG export capacity remains a key point shaping future expectations.

Explore 5 other fair value estimates on Range Resources - why the stock might be worth over 2x more than the current price!

Build Your Own Range Resources Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Range Resources research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free Range Resources research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Range Resources' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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