$RRC
Range Resources Corp

2018 Q1 Form 10-Q Financial Statement

#000156459018009081 Filed on April 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $742.6M $776.7M
YoY Change -4.38% 134.35%
Cost Of Revenue $55.59M $53.55M
YoY Change 3.82% -19.47%
Gross Profit $687.0M $723.1M
YoY Change -4.99% 306.24%
Gross Profit Margin 92.51% 93.11%
Selling, General & Admin $305.6M $212.0M
YoY Change 44.15% 16.48%
% of Gross Profit 44.48% 29.32%
Research & Development $7.700M $8.500M
YoY Change -9.41% 73.47%
% of Gross Profit 1.12% 1.18%
Depreciation & Amortization $169.6M $149.8M
YoY Change 13.19% -8.42%
% of Gross Profit 24.68% 20.72%
Operating Expenses $475.7M $370.3M
YoY Change 28.46% 20.42%
Operating Profit $211.3M $352.8M
YoY Change -40.11% -372.44%
Interest Expense $52.39M $47.10M
YoY Change 11.22% 24.81%
% of Operating Profit 24.79% 13.35%
Other Income/Expense, Net
YoY Change
Pretax Income $91.90M $282.5M
YoY Change -67.47% -308.18%
Income Tax $42.68M $112.4M
% Of Pretax Income 46.44% 39.79%
Net Earnings $49.24M $170.1M
YoY Change -71.06% -281.41%
Net Earnings / Revenue 6.63% 21.9%
Basic Earnings Per Share $0.20 $0.69
Diluted Earnings Per Share $0.20 $0.69
COMMON SHARES
Basic Shares Outstanding 245.7M 244.7M
Diluted Shares Outstanding 246.6M 244.8M

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.000M $1.000M
YoY Change 0.0% 0.0%
Cash & Equivalents $527.0K $545.0K
Short-Term Investments
Other Short-Term Assets $13.00M $30.00M
YoY Change -56.67% -88.51%
Inventory $30.00M $20.00M
Prepaid Expenses
Receivables $294.0M $246.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $338.0M $298.0M
YoY Change 13.42% -23.98%
LONG-TERM ASSETS
Property, Plant & Equipment $9.664B $9.377B
YoY Change 3.06% 50.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $87.00M $93.00M
YoY Change -6.45% 17.72%
Total Long-Term Assets $11.39B $11.12B
YoY Change 2.41% 76.21%
TOTAL ASSETS
Total Short-Term Assets $338.0M $298.0M
Total Long-Term Assets $11.39B $11.12B
Total Assets $11.73B $11.42B
YoY Change 2.7% 70.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $315.0M $300.0M
YoY Change 5.0% 123.88%
Accrued Expenses $319.0M $268.0M
YoY Change 19.03% 41.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $679.0M $631.0M
YoY Change 7.61% 86.69%
LONG-TERM LIABILITIES
Long-Term Debt $4.082B $3.739B
YoY Change 9.17% 44.42%
Other Long-Term Liabilities $399.0M $414.0M
YoY Change -3.62% 11.59%
Total Long-Term Liabilities $4.481B $4.153B
YoY Change 7.9% 40.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $679.0M $631.0M
Total Long-Term Liabilities $4.481B $4.153B
Total Liabilities $5.896B $5.839B
YoY Change 0.98% 44.74%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.835B $5.582B
YoY Change
Total Liabilities & Shareholders Equity $11.73B $11.42B
YoY Change 2.7% 70.35%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $49.24M $170.1M
YoY Change -71.06% -281.41%
Depreciation, Depletion And Amortization $169.6M $149.8M
YoY Change 13.19% -8.42%
Cash From Operating Activities $370.6M $225.9M
YoY Change 64.07% 148.75%
INVESTING ACTIVITIES
Capital Expenditures $239.0K $1.565M
YoY Change -84.73% 148.02%
Acquisitions
YoY Change
Other Investing Activities -$1.200M $23.90M
YoY Change -105.02% -78.72%
Cash From Investing Activities -$335.4M -$193.1M
YoY Change 73.68% 1196.11%
FINANCING ACTIVITIES
Cash Dividend Paid $4.971M $4.951M
YoY Change 0.4% 45.83%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.07M -32.51M
YoY Change 7.88% -57.11%
NET CHANGE
Cash From Operating Activities 370.6M 225.9M
Cash From Investing Activities -335.4M -193.1M
Cash From Financing Activities -35.07M -32.51M
Net Change In Cash 79.00K 231.0K
YoY Change -65.8% 131.0%
FREE CASH FLOW
Cash From Operating Activities $370.6M $225.9M
Capital Expenditures $239.0K $1.565M
Free Cash Flow $370.3M $224.3M
YoY Change 65.11% 148.75%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q1 us-gaap Revenues
Revenues
742599000
CY2018Q1 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
38122000
CY2017Q1 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
28023000
CY2018Q1 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
244628000
CY2017Q1 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
177648000
CY2018Q1 us-gaap Production Tax Expense
ProductionTaxExpense
9926000
CY2017Q1 us-gaap Production Tax Expense
ProductionTaxExpense
9163000
CY2018Q1 us-gaap Brokered Natural Gas Margin Costs
BrokeredNaturalGasMarginCosts
55594000
CY2017Q1 us-gaap Brokered Natural Gas Margin Costs
BrokeredNaturalGasMarginCosts
53550000
CY2018Q1 us-gaap Exploration Expense
ExplorationExpense
7719000
CY2017Q1 us-gaap Exploration Expense
ExplorationExpense
8504000
CY2018Q1 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
11773000
CY2017Q1 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
4420000
CY2018Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
68417000
CY2017Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
47496000
CY2018Q1 us-gaap Restructuring Charges
RestructuringCharges
-37000
CY2017Q1 us-gaap Restructuring Charges
RestructuringCharges
4192000
CY2018Q1 rrc Deferred Compensation Arrangement Gain Loss
DeferredCompensationArrangementGainLoss
7397000
CY2017Q1 rrc Deferred Compensation Arrangement Gain Loss
DeferredCompensationArrangementGainLoss
13169000
CY2018Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
7312000
CY2017Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2018Q1 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
23000
CY2017Q1 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
22600000
CY2018Q1 us-gaap Costs And Expenses
CostsAndExpenses
650685000
CY2017Q1 us-gaap Costs And Expenses
CostsAndExpenses
494149000
CY2018Q1 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
91914000
CY2017Q1 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
282506000
CY2018Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
CY2017Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
CY2018Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
42676000
CY2017Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
112395000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42676000
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
112395000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
49238000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
170111000
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.02
CY2017Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.02
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
245709000
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
244652000
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
246594000
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
244803000
CY2018Q1 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
-92000
CY2017Q1 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
0
CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
-23000
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
0
CY2018Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
49307000
CY2017Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
170111000
CY2018Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
169578000
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
149821000
CY2017Q1 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
0
CY2018Q1 rrc Cash Proceeds And Settlements On Derivatives
CashProceedsAndSettlementsOnDerivatives
-8925000
CY2017Q1 rrc Cash Proceeds And Settlements On Derivatives
CashProceedsAndSettlementsOnDerivatives
4181000
CY2018Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1312000
CY2018Q1 rrc Share Based Compensation Including Deferred Amounts
ShareBasedCompensationIncludingDeferredAmounts
18527000
CY2017Q1 rrc Share Based Compensation Including Deferred Amounts
ShareBasedCompensationIncludingDeferredAmounts
962000
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-53913000
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4690000
CY2018Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5294000
CY2017Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2868000
CY2018Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
47453000
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
24384000
CY2018Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-41517000
CY2017Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-43381000
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
370572000
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
225862000
CY2018Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
308641000
CY2017Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
186727000
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
239000
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1565000
CY2018Q1 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
25355000
CY2017Q1 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
28725000
CY2018Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
40000
CY2017Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
26053000
CY2018Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
13153000
CY2017Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
12388000
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
11928000
CY2017Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
10231000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-335420000
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-193121000
CY2018Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
528000000
CY2017Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
448000000
CY2018Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
557000000
CY2017Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
484000000
CY2018Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0
CY2017Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
500000
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
4971000
CY2017Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
4951000
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2659000
CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5879000
CY2018Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
922000
CY2017Q1 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
11803000
CY2018Q1 rrc Proceeds From Sale Of Common Stock Held By Deferred Compensation Plan
ProceedsFromSaleOfCommonStockHeldByDeferredCompensationPlan
635000
CY2017Q1 rrc Proceeds From Sale Of Common Stock Held By Deferred Compensation Plan
ProceedsFromSaleOfCommonStockHeldByDeferredCompensationPlan
3017000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-35073000
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-32510000
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
79000
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
231000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
314000
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
545000
CY2018Q1 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(1) SUMMARY OF ORGANIZATION AND NATURE OF BUSINESS </p> <p style="margin-bottom:9pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Range Resources Corporation is a Fort Worth, Texas-based independent natural gas, natural gas liquids (&#8220;NGLs&#8221;) and oil company primarily engaged in the exploration, development and acquisition of natural gas and oil properties in the Appalachian and the North Louisiana regions of the United States. Our objective is to build stockholder value through consistent returns-focused on growth, on a per share debt-adjusted basis, of both reserves and production on a cost-efficient basis. Range is a Delaware corporation with our common stock listed and traded on the New York Stock Exchange under the symbol &#8220;RRC&#8221;. </p></div>
CY2018Q1 rrc Natural Gas Ng Ls And Oil Sales Per Unit Of Production
NaturalGasNGLsAndOilSalesPerUnitOfProduction
3.53
CY2018Q1 rrc Transportation Gathering Processing And Compression Per Unit Of Production
TransportationGatheringProcessingAndCompressionPerUnitOfProduction
1.24
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.464
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.398
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
19302000
CY2017Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
98877000
CY2018Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4494000
CY2017Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8982000
CY2018Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
262000
CY2017Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
140000
CY2018Q1 rrc Income Tax Reconciliation Tax Less Than Book Equity Compensation
IncomeTaxReconciliationTaxLessThanBookEquityCompensation
664000
CY2017Q1 rrc Income Tax Reconciliation Tax Less Than Book Equity Compensation
IncomeTaxReconciliationTaxLessThanBookEquityCompensation
2524000
CY2018Q1 rrc Income Tax Reconciliation Change In Federal Net Operating Loss Carryforwards And Other Valuation Allowance
IncomeTaxReconciliationChangeInFederalNetOperatingLossCarryforwardsAndOtherValuationAllowance
0
CY2017Q1 rrc Income Tax Reconciliation Change In Federal Net Operating Loss Carryforwards And Other Valuation Allowance
IncomeTaxReconciliationChangeInFederalNetOperatingLossCarryforwardsAndOtherValuationAllowance
856000
CY2018Q1 rrc Income Tax Reconciliation Change In State Net Operating Loss Carryforwards And Other Valuation Allowance
IncomeTaxReconciliationChangeInStateNetOperatingLossCarryforwardsAndOtherValuationAllowance
15678000
CY2017Q1 rrc Income Tax Reconciliation Change In State Net Operating Loss Carryforwards And Other Valuation Allowance
IncomeTaxReconciliationChangeInStateNetOperatingLossCarryforwardsAndOtherValuationAllowance
2086000
CY2018Q1 rrc Income Tax Reconciliation Change In Rabbi Trust And Other Valuation Allowance
IncomeTaxReconciliationChangeInRabbiTrustAndOtherValuationAllowance
1381000
CY2017Q1 rrc Income Tax Reconciliation Change In Rabbi Trust And Other Valuation Allowance
IncomeTaxReconciliationChangeInRabbiTrustAndOtherValuationAllowance
-1122000
CY2018Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
895000
CY2017Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
52000
CY2018Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
568000
CY2017Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1882000
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
48670000
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
168229000
CY2018Q1 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
2000
CY2017Q1 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
1000
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
48672000
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
168230000
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
885000
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
151000
CY2018Q1 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
0
CY2017Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
0
CY2018Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2018Q1 us-gaap Senior Notes
SeniorNotes
2877349000
CY2017Q4 us-gaap Senior Notes
SeniorNotes
2877349000
CY2018Q1 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
48980000
CY2017Q4 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
48980000
CY2018Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4108329000
CY2017Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4137329000
CY2018Q1 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
5712000
CY2017Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
6027000
CY2018Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
32347000
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
34550000
CY2018Q1 us-gaap Long Term Debt
LongTermDebt
4081694000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
4108806000
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
276855000
CY2018Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1258000
CY2018Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
829000
CY2018Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4247000
CY2018Q1 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
3805000
CY2018Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
285336000
CY2018Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
279009000
CY2018Q1 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
485000000
CY2017Q4 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
485000000
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
248129430
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
247144356
CY2018Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
673791
CY2017 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
539096
CY2018Q1 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
895
CY2017 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
15580
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
249222320
CY2018Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
76861000
CY2018Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
53729000
CY2018Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
23132000
CY2018Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
95967000
CY2018Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
53729000
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
124647000
CY2017Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
65767000
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
58880000
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
119789000
CY2017Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
65767000
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
54022000
CY2018Q1 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
168000
CY2017Q1 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
118000
CY2018Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-7500000
CY2017Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
1500000
CY2018Q1 rrc Number Of Financial Institutions Included In Counterparties
NumberOfFinancialInstitutionsIncludedInCounterparties
19
CY2018Q1 rrc Number Of Counter Parties Not Included In Bank Credit Facility
NumberOfCounterPartiesNotIncludedInBankCreditFacility
5
CY2018Q1 rrc Value Of Net Derivative Liability To Counterparties Not In Credit Facility
ValueOfNetDerivativeLiabilityToCounterpartiesNotInCreditFacility
15400000
CY2018Q1 rrc Net Brokered Natural Gas Margin
NetBrokeredNaturalGasMargin
3100000
CY2018Q1 rrc Number Of Revenue Streams
NumberOfRevenueStreams
3
CY2018Q1 us-gaap Oil And Gas Revenue
OilAndGasRevenue
756608000
CY2018Q1 rrc Number Of Active Stock Based Plans
NumberOfActiveStockBasedPlans
1
CY2018Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25538000
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13954000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
18200000
CY2018Q1 rrc Deferred Compensation Arrangement With Individual Vesting Period
DeferredCompensationArrangementWithIndividualVestingPeriod
P3Y
CY2018Q1 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
3500000
CY2017Q4 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
2900000
CY2018Q1 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
3300000
CY2017Q4 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
2800000
CY2018Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
7518000
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
57536000
CY2017Q1 us-gaap Interest Paid Net
InterestPaidNet
43864000
CY2018Q1 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
5063000
CY2017Q1 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
1715000
CY2018Q1 rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-77365000
CY2017Q1 rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
39569000
CY2018Q1 rrc Change In Transportation Commitments Future Minimum Transportation Fees Due
ChangeInTransportationCommitmentsFutureMinimumTransportationFeesDue
52200000
CY2018Q1 rrc Number Of Terms Transportation Commitments Future Minimum Transportation Fees Due During Period
NumberOfTermsTransportationCommitmentsFutureMinimumTransportationFeesDueDuringPeriod
P20Y
CY2018Q1 rrc Transportation Commitments Future Minimum Transportation Fees Due End Year
TransportationCommitmentsFutureMinimumTransportationFeesDueEndYear
2038
CY2018Q1 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
0
CY2017Q1 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
2422000
CY2018Q1 rrc Building Lease Costs For Restructuring
BuildingLeaseCostsForRestructuring
-37000
CY2017Q1 rrc Building Lease Costs For Restructuring
BuildingLeaseCostsForRestructuring
28000
CY2017Q1 rrc Share Based Compensation Expense Benefit Associated With Restructuring Cost
ShareBasedCompensationExpenseBenefitAssociatedWithRestructuringCost
1742000
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
1855000
CY2018Q1 rrc Building Lease Accrued Liability For Restructuring
BuildingLeaseAccruedLiabilityForRestructuring
-37000
CY2018Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
252000
CY2018Q1 us-gaap Restructuring Reserve
RestructuringReserve
1566000
CY2018Q1 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
10808673000
CY2017Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
10572453000
CY2018Q1 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
2648981000
CY2017Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
2644000000
CY2018Q1 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
19705000
CY2017 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
62075000
CY2017 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
18269000
CY2018Q1 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
225033000
CY2017 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
1177526000
CY2018Q1 us-gaap Exploration Costs
ExplorationCosts
1855000
CY2017 us-gaap Exploration Costs
ExplorationCosts
2030000
CY2018Q1 rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
8590000
CY2017 rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
15097000
CY2018Q1 rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
262902000
CY2017 rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
1328659000
CY2017 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
20245000
CY2018Q1 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
267965000
CY2017 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
1348904000

Files In Submission

Name View Source Status
0001564590-18-009081-index-headers.html Edgar Link pending
0001564590-18-009081-index.html Edgar Link pending
0001564590-18-009081.txt Edgar Link pending
0001564590-18-009081-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx 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
R52.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
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
report.css Edgar Link pending
rrc-10q_20180331.htm Edgar Link pending
rrc-20180331.xml Edgar Link completed
rrc-20180331.xsd Edgar Link pending
rrc-20180331_cal.xml Edgar Link unprocessable
rrc-20180331_def.xml Edgar Link unprocessable
rrc-20180331_lab.xml Edgar Link unprocessable
rrc-20180331_pre.xml Edgar Link unprocessable
rrc-ex102_657.htm Edgar Link pending
rrc-ex311_6.htm Edgar Link pending
rrc-ex312_8.htm Edgar Link pending
rrc-ex321_7.htm Edgar Link pending
rrc-ex322_9.htm Edgar Link pending
Show.js Edgar Link pending