Range Resources Corp (NYSE: RRC) is an independent oil and natural gas company that explores for, develops, and produces natural gas, natural gas liquids, and oil. Revenue is generated by selling produced volumes of natural gas, natural gas liquids, and oil at market prices. The 10-K filed 2026-02-24 (accession 0001193125-26-06-7292) describes operations organized around proved reserves, production, and drilling activity, with a property overview and geographical information section indicating a focused U.S. upstream footprint. The filing references marketing and customer relationships as a distinct operational area, consistent with a commodity-price-exposed, volume-driven revenue model. As an independent exploration and production company, Range competes in a capital-intensive segment where returns are directly tied to commodity price cycles and drilling productivity.

Revenue model

Transactional commodity sales: revenue is earned by selling produced natural gas, natural gas liquids, and oil at prevailing market prices. Volume and realized price per unit are the primary drivers of revenue.

Products and services

Natural gas, natural gas liquids (NGLs), and oil, produced from proved reserves. The 10-K (filed 2026-02-24) references separate line items for production, sales price, and production costs across these three product categories.

Customers and end markets

The filing references a dedicated 'Marketing and Customers' section, indicating active commodity marketing relationships. Specific customer names, concentration percentages, or end-market breakdowns are not supported by the provided excerpts.

Value-chain role

Upstream exploration and production (E&P). Range sits at the resource extraction stage: it holds acreage, drills wells, and sells produced hydrocarbons. It does not appear to operate midstream or downstream assets based on the provided excerpts.

Geographic exposure

U.S.-focused. The filing includes a 'Property Overview and Geographical Information' section, but specific state-level or basin-level breakdowns are not supported by the provided excerpts.

Source: SEC 10-K, filed 2026-02-24

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