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    Range Resources Corporation filed SEC Form 8-K: Results of Operations and Financial Condition

    4/10/25 4:30:09 PM ET
    $RRC
    Oil & Gas Production
    Energy
    Get the next $RRC alert in real time by email
    8-K
    0000315852false00003158522025-04-102025-04-10

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

    FORM 8-K

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): April 10, 2025

    RANGE RESOURCES CORPORATION

    (Exact name of Registrant as Specified in Its Charter)

    Delaware

    001-12209

    34-1312571

    (State or Other Jurisdiction

    of Incorporation)

    (Commission File Number)

    (IRS Employer

    Identification No.)

     

     

     

    100 Throckmorton Street, Suite 1200

    Fort Worth, Texas

    76102

    (Address of Principal Executive Offices)

    (Zip Code)

    Registrant’s Telephone Number, Including Area Code: (817) 870-2601

    Not Applicable

    (Former Name or Former Address, if Changed Since Last Report)

    Securities registered or to be registered pursuant to Section 12(b) of the Act:

    Title of each class

     

    Trading

    Symbol(s)

     

    Name of each exchange on which registered

    Common Stock, $0.01 par value

    RRC

     

    New York Stock Exchange

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     


     

    ITEM 2.02. Results of Operations and Financial Condition.

     

    Range Resources Corporation ("Range") expects to report a total loss on derivatives of $159.0 million for the three months ended March 31, 2025.

    In addition, for the three months ended March 31, 2025, Range expects to report net cash settlements received (paid) as shown below:

     

     

    Three Months Ended

    March 31, 2025

     

     

     

     

     

    Net cash receipt (payment) on derivative settlements:

     

     

     

    Natural gas derivatives

    $

    17,949

     

    Natural gas basis derivatives

     

    (13,220

    )

    NGLs derivatives

     

    (412

    )

    Oil derivatives

     

    256

     

    Total net cash receipt(a)

    $

    4,573

     

    (a)
    As expected to be reported on the statement of cash flows.

    The dollar amounts included in this current report are preliminary and subject to change. Final dollar amounts for the three months ended March 31, 2025 will be reported in our Quarterly Report on Form 10-Q for the period ended March 31, 2025 or in the corresponding earnings release.

    The information contained in this current report shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.

     

    2


     

    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

     

    RANGE RESOURCES CORPORATION

     

     

     

     

    By:

    /s/ MARK S. SCUCCHI

     

    Mark S. Scucchi

     

    Executive Vice President — Chief Financial Officer

     

     

    Date: April 10, 2025

     

     

     

    3


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