$RRC
RANGE RESOURCES CORP

2024 Q2 Form 10-Q Financial Statement

#000095017024046973 Filed on April 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $530.0M $598.8M
YoY Change 3.27% -49.53%
Cost Of Revenue $34.10M $53.76M
YoY Change -50.37% -19.84%
Gross Profit $495.9M $545.0M
YoY Change 11.56% -51.31%
Gross Profit Margin 93.57% 91.02%
Selling, General & Admin $327.9M $346.6M
YoY Change 0.61% 0.19%
% of Gross Profit 66.11% 63.59%
Research & Development $6.651M $4.526M
YoY Change -10.7% -1.69%
% of Gross Profit 1.34% 0.83%
Depreciation & Amortization $87.60M $87.14M
YoY Change 3.04% 0.66%
% of Gross Profit 17.66% 15.99%
Operating Expenses $422.1M $438.3M
YoY Change 0.9% 0.27%
Operating Profit $73.85M $106.8M
YoY Change 181.64% -84.35%
Interest Expense $29.71M $16.12M
YoY Change -67.92% -49.93%
% of Operating Profit 40.24% 15.1%
Other Income/Expense, Net
YoY Change
Pretax Income $10.01M $110.3M
YoY Change -77.73% -81.71%
Income Tax -$18.69M $18.20M
% Of Pretax Income -186.75% 16.5%
Net Earnings $28.70M $91.54M
YoY Change -2.87% -80.99%
Net Earnings / Revenue 5.42% 15.29%
Basic Earnings Per Share $0.12 $0.38
Diluted Earnings Per Share $0.12 $0.38
COMMON SHARES
Basic Shares Outstanding 242.6M 242.1M
Diluted Shares Outstanding 243.0M 242.4M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $251.1M $343.1M
YoY Change 54.9% 50.73%
Cash & Equivalents $251.1M $343.1M
Short-Term Investments
Other Short-Term Assets $29.23M $343.3M
YoY Change -86.19% 801.75%
Inventory
Prepaid Expenses $27.97M $23.36M
Receivables $205.8M $167.2M
Other Receivables $0.00 $8.000M
Total Short-Term Assets $716.8M $861.6M
YoY Change 27.65% 24.2%
LONG-TERM ASSETS
Property, Plant & Equipment $2.167M $6.351B
YoY Change -99.96% 304197.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $75.48M $159.5M
YoY Change -52.09% 88.26%
Total Long-Term Assets $6.549B $6.510B
YoY Change 5.15% 5.2%
TOTAL ASSETS
Total Short-Term Assets $716.8M $861.6M
Total Long-Term Assets $6.549B $6.510B
Total Assets $7.266B $7.372B
YoY Change 7.01% 7.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $124.0M $150.5M
YoY Change -11.04% -16.14%
Accrued Expenses $263.1M $393.2M
YoY Change -37.34% 15.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $620.1M
YoY Change
Total Short-Term Liabilities $1.241B $638.3M
YoY Change 90.31% -15.67%
LONG-TERM LIABILITIES
Long-Term Debt $1.089B $1.756B
YoY Change -38.59% -4.23%
Other Long-Term Liabilities $518.9M $573.1M
YoY Change 1.72% 7.35%
Total Long-Term Liabilities $1.089B $2.329B
YoY Change -52.31% -1.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.241B $638.3M
Total Long-Term Liabilities $1.089B $2.329B
Total Liabilities $3.405B $3.545B
YoY Change 0.08% -0.89%
SHAREHOLDERS EQUITY
Retained Earnings -$1.587B -$1.596B
YoY Change -20.22% -20.2%
Common Stock $5.907B $5.871B
YoY Change 1.56% 2.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $458.9M $448.7M
YoY Change 4.46% 2.56%
Treasury Stock Shares
Shareholders Equity $3.861B $3.827B
YoY Change
Total Liabilities & Shareholders Equity $7.266B $7.372B
YoY Change 7.01% 7.11%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $28.70M $91.54M
YoY Change -2.87% -80.99%
Depreciation, Depletion And Amortization $87.60M $87.14M
YoY Change 3.04% 0.66%
Cash From Operating Activities $148.8M $331.9M
YoY Change 17.53% -30.11%
INVESTING ACTIVITIES
Capital Expenditures $166.6M $155.6M
YoY Change 5.15% 12.52%
Acquisitions
YoY Change
Other Investing Activities $4.379M $1.709M
YoY Change -14.09% -19088.89%
Cash From Investing Activities -$162.2M -$153.9M
YoY Change 5.79% 11.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -78.59M -46.90M
YoY Change 102.65% -57.06%
NET CHANGE
Cash From Operating Activities 148.8M 331.9M
Cash From Investing Activities -162.2M -153.9M
Cash From Financing Activities -78.59M -46.90M
Net Change In Cash -92.06M 131.1M
YoY Change 40.42% -42.34%
FREE CASH FLOW
Cash From Operating Activities $148.8M $331.9M
Capital Expenditures $166.6M $155.6M
Free Cash Flow -$17.85M $176.3M
YoY Change -44.01% -47.62%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000315852
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2024Q1 dei Document Type
DocumentType
10-Q
CY2024Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q1 dei Document Period End Date
DocumentPeriodEndDate
2024-03-31
CY2024Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q1 dei Entity File Number
EntityFileNumber
001-12209
CY2024Q1 dei Entity Registrant Name
EntityRegistrantName
RANGE RESOURCES CORPORATION
CY2024Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2024Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
34-1312571
CY2024Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
100 Throckmorton Street
CY2024Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 1200
CY2024Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Fort Worth
CY2024Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2024Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
76102
CY2024Q1 dei Security12b Title
Security12bTitle
Common Stock, (Par Value $0.01)
CY2024Q1 dei Trading Symbol
TradingSymbol
RRC
CY2024Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2024Q1 dei City Area Code
CityAreaCode
817
CY2024Q1 dei Local Phone Number
LocalPhoneNumber
870-2601
CY2024Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2024Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2024Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q1 dei Entity Shell Company
EntityShellCompany
false
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
242626942
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
343111000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
211974000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
308000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
308000
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
167215000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
274669000
CY2024Q1 rrc Contingent Consideration Asset Current
ContingentConsiderationAssetCurrent
8000000
CY2023Q4 rrc Contingent Consideration Asset Current
ContingentConsiderationAssetCurrent
8000000
CY2024Q1 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
299987000
CY2023Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
341330000
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
23355000
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18159000
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
19972000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
15992000
CY2024Q1 us-gaap Assets Current
AssetsCurrent
861640000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
870124000
CY2024Q1 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
78093000
CY2023Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
101641000
CY2024Q1 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
11393388000
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
11225482000
CY2024Q1 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
5193291000
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
5107801000
CY2024Q1 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
6200097000
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
6117681000
CY2024Q1 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
73642000
CY2023Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
72639000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
71279000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
70943000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2363000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1696000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
148225000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23821000
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
81383000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
88922000
CY2024Q1 us-gaap Assets
Assets
7371801000
CY2023Q4 us-gaap Assets
Assets
7203885000
CY2024Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
150500000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
110134000
CY2024Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2395000
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2395000
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
250430000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
290579000
CY2024Q1 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
34544000
CY2023Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
44149000
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
27187000
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
37261000
CY2024Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10744000
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
222000
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
81044000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11584000
CY2024Q1 rrc Divestiture Fee Obligation Current
DivestitureFeeObligationCurrent
81432000
CY2023Q4 rrc Divestiture Fee Obligation Current
DivestitureFeeObligationCurrent
86762000
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
638276000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
583086000
CY2024Q1 rrc Senior Notes Net Of Debt Issuance Costs
SeniorNotesNetOfDebtIssuanceCosts
1755713000
CY2023Q4 rrc Senior Notes Net Of Debt Issuance Costs
SeniorNotesNetOfDebtIssuanceCosts
1774229000
CY2024Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
577906000
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
561288000
CY2024Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
470000
CY2023Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
107000
CY2024Q1 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
80943000
CY2023Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
72976000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
70852000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
16064000
CY2024Q1 rrc Asset Retirement Obligations Non Current And Other
AssetRetirementObligationsNonCurrentAndOther
122463000
CY2023Q4 rrc Asset Retirement Obligations Non Current And Other
AssetRetirementObligationsNonCurrentAndOther
119896000
CY2024Q1 rrc Divestiture Fee Obligation Non Current
DivestitureFeeObligationNonCurrent
298411000
CY2023Q4 rrc Divestiture Fee Obligation Non Current
DivestitureFeeObligationNonCurrent
310688000
CY2024Q1 us-gaap Liabilities
Liabilities
3545034000
CY2023Q4 us-gaap Liabilities
Liabilities
3438334000
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
475000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
475000000
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
267310053
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
265756369
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
2673000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
2658000
CY2024Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
24716065
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
24716065
CY2024Q1 us-gaap Treasury Stock Value
TreasuryStockValue
448681000
CY2023Q4 us-gaap Treasury Stock Value
TreasuryStockValue
448681000
CY2024Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
5868617000
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
5879705000
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
632000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
647000
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.95
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1596474000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1668778000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
3826767000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
3765551000
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7371801000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7203885000
CY2024Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
46598000
CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
367967000
CY2024Q1 us-gaap Revenues
Revenues
645369000
CY2023Q1 us-gaap Revenues
Revenues
1186360000
CY2024Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
5368000
CY2023Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
7894000
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
31603000
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
67068000
CY2024Q1 us-gaap Exploration Expense
ExplorationExpense
4526000
CY2023Q1 us-gaap Exploration Expense
ExplorationExpense
4604000
CY2024Q1 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
2371000
CY2023Q1 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
7510000
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43941000
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43146000
CY2024Q1 us-gaap Restructuring Charges
RestructuringCharges
10315000
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
12323000
CY2024Q1 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
6405000
CY2023Q1 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
9396000
CY2024Q1 us-gaap Interest Expense
InterestExpense
30476000
CY2023Q1 us-gaap Interest Expense
InterestExpense
32202000
CY2024Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
64000
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2024Q1 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
87137000
CY2023Q1 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
86562000
CY2024Q1 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
87000
CY2023Q1 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
138000
CY2024Q1 us-gaap Costs And Expenses
CostsAndExpenses
535027000
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
583034000
CY2024Q1 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
110342000
CY2023Q1 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
603326000
CY2024Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1582000
CY2023Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2699000
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
16622000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
119180000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18204000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
121879000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
92138000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
481447000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.98
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
240505000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
238019000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
242406000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
240882000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
92138000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
481447000
CY2024Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-19000
CY2023Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
12000
CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
4000
CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
-3000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
92123000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
481456000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
92138000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
481447000
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
16622000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
119180000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
87137000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86562000
CY2024Q1 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
2371000
CY2023Q1 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
7510000
CY2024Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
46598000
CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
367967000
CY2024Q1 rrc Cash Proceeds And Settlements On Derivatives
CashProceedsAndSettlementsOnDerivatives
-122373000
CY2023Q1 rrc Cash Proceeds And Settlements On Derivatives
CashProceedsAndSettlementsOnDerivatives
-34468000
CY2024Q1 rrc Divestiture Contract Obligation
DivestitureContractObligation
10267000
CY2023Q1 rrc Divestiture Contract Obligation
DivestitureContractObligation
12215000
CY2024Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1232000
CY2023Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1310000
CY2024Q1 rrc Share Based Compensation Including Deferred Amounts
ShareBasedCompensationIncludingDeferredAmounts
18215000
CY2023Q1 rrc Share Based Compensation Including Deferred Amounts
ShareBasedCompensationIncludingDeferredAmounts
20681000
CY2024Q1 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
87000
CY2023Q1 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
138000
CY2024Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
64000
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-107454000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-225213000
CY2024Q1 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
8944000
CY2023Q1 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
5335000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
12188000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-10822000
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-82374000
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-129368000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
331930000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
474956000
CY2024Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
132881000
CY2023Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
125468000
CY2024Q1 rrc Payments To Acquire Field Service Assets
PaymentsToAcquireFieldServiceAssets
1003000
CY2023Q1 rrc Payments To Acquire Field Service Assets
PaymentsToAcquireFieldServiceAssets
74000
CY2024Q1 rrc Payments To Acquire Acreage Property
PaymentsToAcquireAcreageProperty
21714000
CY2023Q1 rrc Payments To Acquire Acreage Property
PaymentsToAcquireAcreageProperty
12742000
CY2024Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
31000
CY2023Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
660000
CY2024Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
13556000
CY2023Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1869000
CY2024Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
15234000
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1200000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-153889000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-138293000
CY2024Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0
CY2023Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
185000000
CY2024Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0
CY2023Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
204000000
CY2024Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
14975000
CY2023Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0
CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19407000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19334000
CY2024Q1 rrc Payments For Purchases Of Treasury Stock
PaymentsForPurchasesOfTreasuryStock
0
CY2023Q1 rrc Payments For Purchases Of Treasury Stock
PaymentsForPurchasesOfTreasuryStock
7834000
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
24214000
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
39057000
CY2024Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
10003000
CY2023Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-29064000
CY2024Q1 rrc Proceeds From Sale Of Common Stock Held By Deferred Compensation Plan
ProceedsFromSaleOfCommonStockHeldByDeferredCompensationPlan
1689000
CY2023Q1 rrc Proceeds From Sale Of Common Stock Held By Deferred Compensation Plan
ProceedsFromSaleOfCommonStockHeldByDeferredCompensationPlan
5052000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-46904000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-109237000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
131137000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
227426000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
211974000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
207000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
343111000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
227633000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
3765551000
CY2024Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-22413000
CY2024Q1 rrc Stock Issued During Period Value Upon Vesting Of Performance Stock Units
StockIssuedDuringPeriodValueUponVestingOfPerformanceStockUnits
0
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10979000
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19473000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-15000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
92138000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
3826767000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2876006000
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-33935000
CY2023Q1 rrc Stock Issued During Period Value Upon Vesting Of Performance Stock Units
StockIssuedDuringPeriodValueUponVestingOfPerformanceStockUnits
0
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9096000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19334000
CY2023Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
0
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7737000
CY2023Q1 rrc Excise Tax On Stock Repurchases
ExciseTaxOnStockRepurchases
-97000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
481447000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
3305455000
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">(1) SUMMARY OF ORGANIZATION AND NATURE OF BUSINESS</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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>
CY2024Q1 rrc Number Of Revenue Streams
NumberOfRevenueStreams
3
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
598771000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
818393000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
92138000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
481447000
CY2024Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
600000
CY2023Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
11163000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
91538000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
470284000
CY2024Q1 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
4000
CY2023Q1 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
124000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
91542000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
470408000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.98
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.95
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
240505000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
238019000
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1901000
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2863000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
242406000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
240882000
CY2024Q1 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
10592394000
CY2023Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
10435611000
CY2024Q1 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
800994000
CY2023Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
789871000
CY2024Q1 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
11393388000
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
11225482000
CY2024Q1 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
5193291000
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
5107801000
CY2024Q1 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
6200097000
CY2023Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
6117681000
CY2024Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2024Q1 us-gaap Senior Notes
SeniorNotes
1769017000
CY2023Q4 us-gaap Senior Notes
SeniorNotes
1788388000
CY2024Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
13304000
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
14159000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
1755713000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1774229000
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
117429000
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
109851000
CY2024Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
831000
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2047000
CY2024Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
582000
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
3039000
CY2024Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1604000
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6000000
CY2024Q1 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
631000
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
2570000
CY2024Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
119913000
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
117429000
CY2024Q1 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2395000
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2395000
CY2024Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
117518000
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
115034000
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
406393000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
452378000
CY2024Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
28313000
CY2023Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
9407000
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
378080000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
442971000
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
39527000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
9736000
CY2024Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
28313000
CY2023Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
9407000
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
11214000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
329000
CY2024Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
46598000
CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
367967000
CY2024Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
195000
CY2024Q1 rrc Trading Securities Market To Market Gain Loss
TradingSecuritiesMarketToMarketGainLoss
4200000
CY2023Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
179000
CY2023Q1 rrc Trading Securities Market To Market Gain Loss
TradingSecuritiesMarketToMarketGainLoss
3100000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
308000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
308000
CY2024Q1 rrc Number Of Derivative Counterparties
NumberOfDerivativeCounterparties
14
CY2024Q1 rrc Number Of Counter Parties Included In Bank Credit Facility
NumberOfCounterPartiesIncludedInBankCreditFacility
8
CY2024Q1 rrc Number Of Active Stock Based Plans
NumberOfActiveStockBasedPlans
2
CY2024Q1 rrc Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
11507000
CY2023Q1 rrc Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
10996000
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
12323000
CY2024Q1 us-gaap Deferred Compensation Arrangement With Individual Requisite Service Period1
DeferredCompensationArrangementWithIndividualRequisiteServicePeriod1
P3Y
CY2024Q1 rrc Deferred Compensation Arrangement Gain Loss
DeferredCompensationArrangementGainLoss
-6400000
CY2023Q1 rrc Deferred Compensation Arrangement Gain Loss
DeferredCompensationArrangementGainLoss
-9400000
CY2024Q1 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
1500000
CY2024Q1 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
1400000
CY2023Q4 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
1600000
CY2023Q4 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
1500000
CY2024Q1 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
485000000
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
475000000
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
241040304
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
238885730
CY2024Q1 rrc Treasury Stock Shares Acquired And Issued
TreasuryStockSharesAcquiredAndIssued
0
CY2023 rrc Treasury Stock Shares Acquired And Issued
TreasuryStockSharesAcquiredAndIssued
-714530
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
242593988
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
241040304
CY2024Q1 rrc Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
1100000000
CY2024Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2024Q1 us-gaap Restructuring Charges
RestructuringCharges
10315000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
39169000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
39931000
CY2024Q1 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
1462000
CY2023Q1 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
790000
CY2024Q1 rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-13897000
CY2023Q1 rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-13026000
CY2024Q1 rrc Increase Decrease In Lease Commitments
IncreaseDecreaseInLeaseCommitments
130400000
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2024Q1 rrc Increase Decrease In Transportation And Gathering Commitments
IncreaseDecreaseInTransportationAndGatheringCommitments
580000000
CY2024Q1 rrc Transportation And Gathering Commitments Contingent Facility Modification Term Of Contract
TransportationAndGatheringCommitmentsContingentFacilityModificationTermOfContract
P12Y
CY2024Q1 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
14196000
CY2023 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
40067000
CY2024Q1 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
152038000
CY2023 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
568484000
CY2024Q1 rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
2626000
CY2023 rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
3123000
CY2024Q1 rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
173386000
CY2023 rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
638204000
CY2024Q1 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
1462000
CY2023 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
4616000
CY2024Q1 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
174848000
CY2023 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
642820000
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 rrc Rule10 B51 Arrmodifiedflag
Rule10B51Arrmodifiedflag
false
CY2024Q1 rrc Nonrule10 B51 Arrmodifiedflag
Nonrule10B51Arrmodifiedflag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
R52.htm Edgar Link pending
0000950170-24-046973-index-headers.html Edgar Link pending
0000950170-24-046973-index.html Edgar Link pending
0000950170-24-046973.txt Edgar Link pending
0000950170-24-046973-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
rrc-20240331.htm Edgar Link pending
rrc-20240331.xsd Edgar Link pending
rrc-ex31_1.htm Edgar Link pending
rrc-ex31_2.htm Edgar Link pending
rrc-ex32_1.htm Edgar Link pending
rrc-ex32_2.htm Edgar Link pending
Show.js Edgar Link pending
rrc-20240331_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable