$RRC
RANGE RESOURCES CORP

2023 Q2 Form 10-Q Financial Statement

#000095017023014122 Filed on April 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $513.2M $1.186B $180.7M
YoY Change -58.11% 556.4% -71.13%
Cost Of Revenue $68.70M $67.07M $93.12M
YoY Change -37.61% -27.98% 28.74%
Gross Profit $444.5M $1.119B $87.61M
YoY Change -60.13% 1177.54% -84.18%
Gross Profit Margin 86.62% 94.35% 48.48%
Selling, General & Admin $325.9M $345.9M $414.2M
YoY Change -7.47% -16.48% 24.71%
% of Gross Profit 73.3% 30.91% 472.71%
Research & Development $7.448M $4.604M $4.699M
YoY Change -0.77% -2.02% -14.56%
% of Gross Profit 1.68% 0.41% 5.36%
Depreciation & Amortization $85.02M $86.56M $85.60M
YoY Change -1.71% 1.12% -3.14%
% of Gross Profit 19.12% 7.73% 97.71%
Operating Expenses $418.3M $437.1M $504.5M
YoY Change -6.24% -13.36% 18.39%
Operating Profit $26.22M $682.2M -$416.8M
YoY Change -96.08% -263.66% -426.69%
Interest Expense $92.62M $32.20M $47.18M
YoY Change 120.51% -31.74% -17.06%
% of Operating Profit 353.22% 4.72%
Other Income/Expense, Net
YoY Change
Pretax Income $44.94M $603.3M -$572.9M
YoY Change -91.92% -205.31% -2022.45%
Income Tax $14.71M $121.9M -$116.1M
% Of Pretax Income 32.73% 20.2%
Net Earnings $29.55M $481.4M -$456.8M
YoY Change -93.47% -205.39% -1782.47%
Net Earnings / Revenue 5.76% 40.58% -252.75%
Basic Earnings Per Share $0.12 $1.98 -$1.86
Diluted Earnings Per Share $0.12 $1.95 -$1.86
COMMON SHARES
Basic Shares Outstanding 241.3M 240.6M 245.4M
Diluted Shares Outstanding 241.1M 240.9M 245.4M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $162.1M $227.6M $112.9M
YoY Change 45426.69% 101.57%
Cash & Equivalents $162.1M $227.6M $112.9M
Short-Term Investments
Other Short-Term Assets $211.7M $38.07M $18.16M
YoY Change 488.98% 109.62% 127.03%
Inventory
Prepaid Expenses
Receivables $187.8M $256.0M $413.0M
Other Receivables $0.00 $24.50M $29.50M
Total Short-Term Assets $561.6M $693.8M $575.8M
YoY Change -16.11% 20.49% 86.34%
LONG-TERM ASSETS
Property, Plant & Equipment $6.071B $2.087M $3.100M
YoY Change 201595.65% -32.68% -99.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $157.6M $84.71M $86.48M
YoY Change 112.47% -2.05% -14.37%
Total Long-Term Assets $6.229B $6.189B $5.984B
YoY Change 4.76% 3.41% 2.02%
TOTAL ASSETS
Total Short-Term Assets $561.6M $693.8M $575.8M
Total Long-Term Assets $6.229B $6.189B $5.984B
Total Assets $6.790B $6.882B $6.560B
YoY Change 2.65% 4.91% 6.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $139.4M $179.5M $234.3M
YoY Change -39.18% -23.39% 46.41%
Accrued Expenses $419.9M $341.5M $381.1M
YoY Change -11.75% -10.39% 6.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $749.5M
YoY Change 1565.52%
Total Short-Term Liabilities $652.0M $756.9M $2.337B
YoY Change -67.85% -67.62% 236.3%
LONG-TERM LIABILITIES
Long-Term Debt $1.773B $1.833B $1.830B
YoY Change -3.16% 0.19% -40.11%
Other Long-Term Liabilities $510.1M $533.9M $760.9M
YoY Change -25.89% -29.83% 22.33%
Total Long-Term Liabilities $2.283B $2.367B $1.830B
YoY Change 24.71% 29.37% -50.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $652.0M $756.9M $2.337B
Total Long-Term Liabilities $2.283B $2.367B $1.830B
Total Liabilities $3.403B $3.577B $4.960B
YoY Change -26.64% -27.89% 9.96%
SHAREHOLDERS EQUITY
Retained Earnings -$1.990B -$2.001B -$4.064B
YoY Change -44.9% -50.77%
Common Stock $5.816B $5.743B $5.710B
YoY Change 1.13% 0.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $439.3M $437.5M $46.16M
YoY Change 169.75% 847.75%
Treasury Stock Shares $24.40M $24.32M $10.60M
Shareholders Equity $3.388B $3.305B $1.600B
YoY Change
Total Liabilities & Shareholders Equity $6.790B $6.882B $6.560B
YoY Change 2.65% 4.91% 6.24%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $29.55M $481.4M -$456.8M
YoY Change -93.47% -205.39% -1782.47%
Depreciation, Depletion And Amortization $85.02M $86.56M $85.60M
YoY Change -1.71% 1.12% -3.14%
Cash From Operating Activities $126.6M $475.0M $406.4M
YoY Change -61.01% 16.87% 272.0%
INVESTING ACTIVITIES
Capital Expenditures $158.5M $138.3M -$102.7M
YoY Change -223.49% -234.6% -7.94%
Acquisitions
YoY Change
Other Investing Activities $5.097M -$9.000K -$2.272M
YoY Change 2.43% -99.6% 184.0%
Cash From Investing Activities -$153.4M -$138.3M -$105.0M
YoY Change 24.34% 31.69% -6.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.78M -109.2M -402.9M
YoY Change -87.65% -72.89% -12935.07%
NET CHANGE
Cash From Operating Activities 126.6M 475.0M 406.4M
Cash From Investing Activities -153.4M -138.3M -105.0M
Cash From Financing Activities -38.78M -109.2M -402.9M
Net Change In Cash -65.56M 227.4M -101.5M
YoY Change -41.77% -324.08% 1127577.78%
FREE CASH FLOW
Cash From Operating Activities $126.6M $475.0M $406.4M
Capital Expenditures $158.5M $138.3M -$102.7M
Free Cash Flow -$31.87M $336.7M $509.2M
YoY Change -107.04% -33.88% 130.54%

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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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CY2022Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2023Q1 us-gaap Depreciation Depletion And Amortization
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CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2023Q1 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
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CY2022Q1 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
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CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2022Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2023Q1 rrc Cash Proceeds And Settlements On Derivatives
CashProceedsAndSettlementsOnDerivatives
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CY2022Q1 rrc Cash Proceeds And Settlements On Derivatives
CashProceedsAndSettlementsOnDerivatives
133135000
CY2023Q1 rrc Divestiture Contract Obligation
DivestitureContractObligation
12215000
CY2022Q1 rrc Divestiture Contract Obligation
DivestitureContractObligation
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CY2023Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1310000
CY2022Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1965000
CY2023Q1 rrc Share Based Compensation Including Deferred Amounts
ShareBasedCompensationIncludingDeferredAmounts
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CY2022Q1 rrc Share Based Compensation Including Deferred Amounts
ShareBasedCompensationIncludingDeferredAmounts
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CY2023Q1 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
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CY2022Q1 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
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CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
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IncreaseDecreaseInAccountsReceivable
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CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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IncreaseDecreaseInPrepaidExpensesOther
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CY2022Q1 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
406414000
CY2023Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
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CY2022Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
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CY2023Q1 rrc Payments To Acquire Field Service Assets
PaymentsToAcquireFieldServiceAssets
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CY2022Q1 rrc Payments To Acquire Field Service Assets
PaymentsToAcquireFieldServiceAssets
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CY2023Q1 rrc Payments To Acquire Acreage Property
PaymentsToAcquireAcreageProperty
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CY2022Q1 rrc Payments To Acquire Acreage Property
PaymentsToAcquireAcreageProperty
12599000
CY2023Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2022Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2023Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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CY2022Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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NetCashProvidedByUsedInInvestingActivities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
185000000
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ProceedsFromLongTermLinesOfCredit
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ProceedsFromIssuanceOfSeniorLongTermDebt
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CY2023Q1 us-gaap Repayments Of Senior Debt
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CY2022Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
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CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2023Q1 rrc Payments For Purchases Of Treasury Stock
PaymentsForPurchasesOfTreasuryStock
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CY2022Q1 rrc Payments For Purchases Of Treasury Stock
PaymentsForPurchasesOfTreasuryStock
16199000
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
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CY2022Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
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CY2023Q1 rrc Proceeds From Sale Of Common Stock Held By Deferred Compensation Plan
ProceedsFromSaleOfCommonStockHeldByDeferredCompensationPlan
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CY2022Q1 rrc Proceeds From Sale Of Common Stock Held By Deferred Compensation Plan
ProceedsFromSaleOfCommonStockHeldByDeferredCompensationPlan
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-109237000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
227426000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
214422000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
227633000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023Q1 rrc Stock Issued During Period Value Upon Vesting Of Performance Stock Units
StockIssuedDuringPeriodValueUponVestingOfPerformanceStockUnits
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q1 us-gaap Dividends Common Stock Cash
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19334000
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CY2023Q1 rrc Excise Tax On Stock Repurchases
ExciseTaxOnStockRepurchases
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OtherComprehensiveIncomeLossNetOfTax
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CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 rrc Stock Issued During Period Value Upon Vesting Of Performance Stock Units
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Nature Of Operations
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">(1) SUMMARY OF ORGANIZATION AND NATURE OF BUSINESS</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:9.0pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Range Resources Corporation is a Fort Worth, Texas-based independent natural gas, natural gas liquids (NGLs) and crude oil and condensate company engaged in the exploration, development and acquisition of natural gas and liquids properties in the Appalachian region of the United States. Our objective is to build stockholder value through returns-focused development of natural gas properties. Range is a Delaware corporation with our common stock listed and traded on the New York Stock Exchange under the symbol “RRC.”</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2023Q1 rrc Number Of Revenue Streams
NumberOfRevenueStreams
3
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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NetIncomeLoss
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
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CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
470284000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q1 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
470408000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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EarningsPerShareBasic
1.98
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
245350000
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2863000
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
245350000
CY2023Q1 us-gaap Proved Oil And Gas Property Successful Effort Method
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CY2022Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
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CY2023Q1 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
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UnprovedOilAndGasPropertySuccessfulEffortMethod
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OilAndGasPropertySuccessfulEffortMethodGross
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CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
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OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
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CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
4765475000
CY2023Q1 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
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CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
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CY2023Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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CY2022 us-gaap Interest Costs Capitalized
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CY2023Q1 us-gaap Senior Notes
SeniorNotes
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CY2022Q4 us-gaap Senior Notes
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CY2022Q4 us-gaap Unamortized Debt Issuance Expense
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CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2023Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
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CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
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CY2023Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
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CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
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CY2023Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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CY2023Q1 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
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CY2023Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
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CY2022Q4 us-gaap Asset Retirement Obligation Current
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AssetRetirementObligationsNoncurrent
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CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
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CY2023Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
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CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability
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CY2023Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
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CY2023Q1 rrc Trading Securities Market To Market Gain Loss
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CY2022Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
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CY2022Q1 rrc Trading Securities Market To Market Gain Loss
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CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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308000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
314000
CY2023Q1 rrc Number Of Derivative Counterparties
NumberOfDerivativeCounterparties
14
CY2023Q1 rrc Number Of Counter Parties Not Included In Bank Credit Facility
NumberOfCounterPartiesNotIncludedInBankCreditFacility
6
CY2023Q1 rrc Number Of Active Stock Based Plans
NumberOfActiveStockBasedPlans
2
CY2023Q1 rrc Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
10996000
CY2022Q1 rrc Allocated Share Based Compensation Expense Benefit
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12893000
CY2023Q1 us-gaap Deferred Compensation Arrangement With Individual Requisite Service Period1
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CY2023Q1 rrc Deferred Compensation Arrangement Gain Loss
DeferredCompensationArrangementGainLoss
-9400000
CY2022Q1 rrc Deferred Compensation Arrangement Gain Loss
DeferredCompensationArrangementGainLoss
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CY2023Q1 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
5500000
CY2023Q1 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
5200000
CY2022Q4 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
5600000
CY2022Q4 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
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CY2023Q1 us-gaap Restructuring Charges
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12323000
CY2022Q1 us-gaap Restructuring Charges
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11115000
CY2023Q1 us-gaap Capital Units Authorized
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485000000.0
CY2023Q1 us-gaap Common Stock Shares Authorized
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475000000.0
CY2023Q1 us-gaap Preferred Stock Shares Authorized
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PreferredStockSharesIssued
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CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
238885730
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
249792908
CY2023Q1 rrc Treasury Stock Shares Acquired And Issued
TreasuryStockSharesAcquiredAndIssued
-322530
CY2022 rrc Treasury Stock Shares Acquired And Issued
TreasuryStockSharesAcquiredAndIssued
-13998889
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
241362730
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
238885730
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0
CY2022Q1 rrc Stock Repurchase Program Additional Amount Authorized
StockRepurchaseProgramAdditionalAmountAuthorized
430000000.0
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000.0
CY2022Q4 rrc Stock Repurchase Program Additional Amount Authorized
StockRepurchaseProgramAdditionalAmountAuthorized
1000000000.0
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
400000
CY2023Q1 rrc Share Repurchase Aggregate Cost
ShareRepurchaseAggregateCost
9700000
CY2023Q1 rrc Share Repurchase Cost Subsequent Settlement
ShareRepurchaseCostSubsequentSettlement
1900000
CY2023Q1 rrc Share Repurchase Subsequent Settlement
ShareRepurchaseSubsequentSettlement
77000
CY2022Q4 rrc Treasury Stock Shares Including Shares Not Settled
TreasuryStockSharesIncludingSharesNotSettled
24001535
CY2023Q1 rrc Treasury Stock Shares Distributed Or Sold
TreasuryStockSharesDistributedOrSold
470
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
400000
CY2023Q1 rrc Treasury Stock Shares Including Shares Not Settled
TreasuryStockSharesIncludingSharesNotSettled
24401065
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2307000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
39931000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
86615000
CY2023Q1 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
790000
CY2022Q1 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
1377000
CY2023Q1 rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-13026000
CY2022Q1 rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-12606000
CY2023Q1 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
11735000
CY2022 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
28735000
CY2023Q1 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
139022000
CY2022 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
460668000
CY2023Q1 rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
759000
CY2022 rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
1466000
CY2023Q1 rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
156120000
CY2022 rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
517641000
CY2023Q1 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
790000
CY2022 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
18096000
CY2023Q1 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
156910000
CY2022 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
535737000

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