2020 Q3 Form 10-Q Financial Statement

#000156459020048934 Filed on October 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 Q2 2019 Q4
Revenue $299.3M $376.5M $605.6M
YoY Change -51.91% -55.77% -43.54%
Cost Of Revenue $47.97M $38.16M $46.53M
YoY Change -39.99% -62.26% -79.0%
Gross Profit $251.4M $338.4M $559.1M
YoY Change -53.66% -54.9% -34.3%
Gross Profit Margin 83.98% 89.87% 92.32%
Selling, General & Admin $312.5M $329.8M $343.3M
YoY Change -4.75% -3.2% 3.81%
% of Gross Profit 124.31% 97.46% 61.41%
Research & Development $8.100M $8.000M $9.400M
YoY Change -26.36% -1.23% -11.32%
% of Gross Profit 3.22% 2.36% 1.68%
Depreciation & Amortization $98.10M $104.6M $1.227B
YoY Change -28.81% -26.08% 729.28%
% of Gross Profit 39.02% 30.91% 219.38%
Operating Expenses $416.7M $442.4M $483.5M
YoY Change -12.62% -9.77% -1.19%
Operating Profit -$165.3M -$104.0M $75.57M
YoY Change -351.99% -140.0% -79.11%
Interest Expense $48.00M $48.62M $44.02M
YoY Change 2.13% -6.0% -10.45%
% of Operating Profit 58.25%
Other Income/Expense, Net
YoY Change
Pretax Income -$785.3M -$189.8M -$2.304B
YoY Change 949.87% -222.22% 25.69%
Income Tax -$36.51M -$22.27M -$498.9M
% Of Pretax Income
Net Earnings -$748.8M -$167.6M -$1.805B
YoY Change 2614.88% -245.49% 2.32%
Net Earnings / Revenue -250.14% -44.51% -298.1%
Basic Earnings Per Share -$3.12 -$0.70 -$7.27
Diluted Earnings Per Share -$3.12 -$0.70 -$7.27
COMMON SHARES
Basic Shares Outstanding 239.9M 239.5M
Diluted Shares Outstanding 239.9M 239.5M

Balance Sheet

Concept 2020 Q3 2020 Q2 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.000M $1.000M $62.55M
YoY Change 0.0% 8.13%
Cash & Equivalents $517.0K $568.0K $546.0K
Short-Term Investments $62.00M
Other Short-Term Assets $5.000M $18.87M $17.51M
YoY Change -96.35% -86.81% -23.76%
Inventory $21.00M $19.00M $18.00M
Prepaid Expenses
Receivables $183.0M $169.2M $272.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $209.1M $331.8M $427.8M
YoY Change -49.24% -27.72% -28.96%
LONG-TERM ASSETS
Property, Plant & Equipment $5.719B $3.723M $5.375M
YoY Change -31.5% -49.3% -45.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $85.00M $67.67M $75.43M
YoY Change 16.73% -5.68% 10.66%
Total Long-Term Assets $5.804B $6.120B $6.185B
YoY Change -31.25% -33.97% -32.08%
TOTAL ASSETS
Total Short-Term Assets $209.1M $331.8M $427.8M
Total Long-Term Assets $5.804B $6.120B $6.185B
Total Assets $6.013B $6.452B $6.612B
YoY Change -32.09% -33.68% -31.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $85.00M $97.49M $155.3M
YoY Change -47.96% -49.53% -31.67%
Accrued Expenses $342.0M $312.9M $356.4M
YoY Change -2.84% -15.85% -25.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $45.33M $59.33M $0.00
YoY Change
Total Short-Term Liabilities $630.1M $530.3M $566.5M
YoY Change 13.04% -13.59% -24.94%
LONG-TERM LIABILITIES
Long-Term Debt $3.042B $3.165B $3.173B
YoY Change -2.93% -16.53% -18.0%
Other Long-Term Liabilities $616.0M $253.0M $365.0M
YoY Change 79.59% -40.75% -6.41%
Total Long-Term Liabilities $3.789B $3.586B $3.173B
YoY Change 8.97% -15.01% -18.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $630.1M $530.3M $566.5M
Total Long-Term Liabilities $3.789B $3.586B $3.173B
Total Liabilities $4.419B $4.116B $4.265B
YoY Change -5.9% -25.78% -24.5%
SHAREHOLDERS EQUITY
Retained Earnings -$4.057B -$3.308B -$3.307B
YoY Change 171.1% 125.99% 110.56%
Common Stock $5.682B $5.675B $5.662B
YoY Change 0.46% 0.5% 0.56%
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.13M $30.19M $7.236M
YoY Change 9086.28% 7622.25% 1750.64%
Treasury Stock Shares $10.01M $10.01M $1.808M
Shareholders Equity $1.594B $2.336B $2.347B
YoY Change
Total Liabilities & Shareholders Equity $6.013B $6.452B $6.612B
YoY Change -32.09% -33.68% -31.89%

Cashflow Statement

Concept 2020 Q3 2020 Q2 2019 Q4
OPERATING ACTIVITIES
Net Income -$748.8M -$167.6M -$1.805B
YoY Change 2614.88% -245.49% 2.32%
Depreciation, Depletion And Amortization $98.10M $104.6M $1.227B
YoY Change -28.81% -26.08% 729.28%
Cash From Operating Activities -$24.30M $78.80M $132.4M
YoY Change -123.39% -57.36% -38.65%
INVESTING ACTIVITIES
Capital Expenditures -$72.50M -$128.7M -$157.4M
YoY Change -59.2% -35.36% -17.07%
Acquisitions
YoY Change
Other Investing Activities $246.1M $4.300M -$1.200M
YoY Change -67.26% -87.75% -100.4%
Cash From Investing Activities $173.7M -$124.5M -$158.7M
YoY Change -69.74% -24.04% -242.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -149.4M 45.80M 26.50M
YoY Change -77.97% -320.19% -108.11%
NET CHANGE
Cash From Operating Activities -24.30M 78.80M 132.4M
Cash From Investing Activities 173.7M -124.5M -158.7M
Cash From Financing Activities -149.4M 45.80M 26.50M
Net Change In Cash -0.00000001118 100.0K 200.0K
YoY Change -100.0% 0.0% 0.0%
FREE CASH FLOW
Cash From Operating Activities -$24.30M $78.80M $132.4M
Capital Expenditures -$72.50M -$128.7M -$157.4M
Free Cash Flow $48.20M $207.5M $289.8M
YoY Change -82.88% -45.95% -28.55%

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382734000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
417974000
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
16604000
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
41631000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
102182000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
208190000
rrc Cash Proceeds And Settlements On Derivatives
CashProceedsAndSettlementsOnDerivatives
-305243000
rrc Cash Proceeds And Settlements On Derivatives
CashProceedsAndSettlementsOnDerivatives
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rrc Divestiture Contract Obligation
DivestitureContractObligation
486689000
rrc Divestiture Contract Obligation
DivestitureContractObligation
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rrc Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
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rrc Provision For Recovery Of Doubtful Accounts
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us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Other Operating Activities Cash Flow Statement
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rrc Share Based Compensation Including Deferred Amounts
ShareBasedCompensationIncludingDeferredAmounts
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rrc Share Based Compensation Including Deferred Amounts
ShareBasedCompensationIncludingDeferredAmounts
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us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
112443000
us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
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us-gaap Gains Losses On Extinguishment Of Debt
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14093000
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Other Current Assets
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us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
178974000
us-gaap Net Cash Provided By Used In Operating Activities
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549431000
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
321849000
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
550355000
rrc Payments To Acquire Field Service Assets
PaymentsToAcquireFieldServiceAssets
2493000
rrc Payments To Acquire Field Service Assets
PaymentsToAcquireFieldServiceAssets
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rrc Payments To Acquire Acreage Property
PaymentsToAcquireAcreageProperty
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rrc Payments To Acquire Acreage Property
PaymentsToAcquireAcreageProperty
39795000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
20974000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
21344000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
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us-gaap Repayments Of Subordinated Debt
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us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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rrc Payments For Purchases Of Treasury Stock
PaymentsForPurchasesOfTreasuryStock
22992000
rrc Payments For Purchases Of Treasury Stock
PaymentsForPurchasesOfTreasuryStock
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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rrc Proceeds From Sale Of Common Stock Held By Deferred Compensation Plan
ProceedsFromSaleOfCommonStockHeldByDeferredCompensationPlan
690000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-29000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
546000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
545000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
517000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q1 us-gaap Stock Issued During Period Value New Issues
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
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CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
73000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2020Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6591000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q1 us-gaap Stock Issued During Period Value New Issues
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9155000
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5023000
CY2019Q1 us-gaap Net Income Loss
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CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q2 us-gaap Stock Issued During Period Value New Issues
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2019Q2 us-gaap Dividends Common Stock Cash
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5026000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q3 us-gaap Stock Issued During Period Value New Issues
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CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7318000
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
4158192000
us-gaap Nature Of Operations
NatureOfOperations
<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:0pt;margin-top:6pt;text-indent:4.79%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Range Resources Corporation is a Fort Worth, Texas-based independent natural gas and natural gas liquids (“NGLs”) company primarily engaged in the exploration, development and acquisition of natural gas 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”. </p>
CY2020Q3 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
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CY2019Q3 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
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us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
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us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
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rrc Number Of Revenue Streams
NumberOfRevenueStreams
3
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-98313000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1432000
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.134
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-27581000
us-gaap Net Income Loss
NetIncomeLoss
-681642000
us-gaap Net Income Loss
NetIncomeLoss
89023000
CY2020Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0
CY2019Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
67000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
0
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1105000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-680048000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-27648000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020Q3 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0
CY2019Q3 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
3000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2019Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
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CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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CY2020Q3 us-gaap Senior Notes
SeniorNotes
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CY2019Q4 us-gaap Senior Notes
SeniorNotes
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CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.83
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
239895000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
248082000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
241770000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
247878000
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
239895000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
248082000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
241770000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020Q3 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
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CY2019Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
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CY2020Q3 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
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CY2019Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
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CY2020Q3 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
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CY2019Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
10213737000
CY2020Q3 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
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CY2019Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
4172702000
CY2020Q3 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
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CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2020Q3 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
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CY2019Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
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CY2020Q3 us-gaap Unamortized Debt Issuance Expense
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CY2020Q3 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
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CY2019Q4 us-gaap Subordinated Long Term Debt
SubordinatedLongTermDebt
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CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2020Q3 us-gaap Long Term Debt Current
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45334000
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
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31819000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2020Q3 us-gaap Long Term Debt
LongTermDebt
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CY2019Q4 us-gaap Long Term Debt
LongTermDebt
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CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2020Q3 rrc Repayment Of Notes By Early Cash Tender Premium Amount
RepaymentOfNotesByEarlyCashTenderPremiumAmount
5300000
CY2020Q1 rrc Repayment Of Notes By Early Cash Tender Premium Amount
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15100000
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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CY2020Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
82054000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
251076000
CY2020Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
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CY2019Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
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CY2020Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
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CY2020Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
29678000
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
20326000
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
114589000
CY2020Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
29678000
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
84911000
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
15138000
CY2020Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
79951000
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
248683000
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
251076000
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
312754000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1890000
CY2019 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
4063000
rrc Asset Retirement Obligation Acquisitions
AssetRetirementObligationAcquisitions
123000
CY2019 rrc Asset Retirement Obligation Acquisitions
AssetRetirementObligationAcquisitions
0
CY2019 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
5953000
CY2019 rrc Asset Retirement Obligation Disposition Of Wells
AssetRetirementObligationDispositionOfWells
82576000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
137554000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
29206000
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
15138000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
14068000
CY2020Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-124690000
CY2019Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
74676000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
102182000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
208190000
CY2020Q3 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
114000
CY2020Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
3200000
CY2019Q3 us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
197000
CY2019Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-361000
us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
385000
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
234000
us-gaap Interest And Dividend Income Securities Trading Or Measured At Fair Value
InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue
560000
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
6300000
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3000000.0
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8800000
rrc Number Of Derivative Counterparties
NumberOfDerivativeCounterparties
21
rrc Number Of Counter Parties Not Included In Bank Credit Facility
NumberOfCounterPartiesNotIncludedInBankCreditFacility
2
rrc Number Of Active Stock Based Plans
NumberOfActiveStockBasedPlans
2
CY2020Q3 rrc Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
9322000
CY2019Q3 rrc Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
9759000
rrc Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
28697000
rrc Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
31940000
CY2020Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
us-gaap Deferred Compensation Arrangement With Individual Requisite Service Period1
DeferredCompensationArrangementWithIndividualRequisiteServicePeriod1
P3Y
CY2020Q3 rrc Deferred Compensation Arrangement Gain Loss
DeferredCompensationArrangementGainLoss
-6200000
CY2019Q3 rrc Deferred Compensation Arrangement Gain Loss
DeferredCompensationArrangementGainLoss
8900000
CY2020Q3 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
6100000
CY2020Q3 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
4400000
CY2019Q4 rrc Shares Held In Rabbi Trust
SharesHeldInRabbiTrust
3200000
CY2019Q4 rrc Vested Shares Held In Rabbi Trust
VestedSharesHeldInRabbiTrust
2700000
CY2020Q3 rrc Restructuring Charge One Time Minimum Volume Commitment Payment
RestructuringChargeOneTimeMinimumVolumeCommitmentPayment
28500000
CY2020Q3 us-gaap Severance Costs1
SeveranceCosts1
4191000
CY2019Q3 us-gaap Severance Costs1
SeveranceCosts1
819000
us-gaap Severance Costs1
SeveranceCosts1
5638000
us-gaap Severance Costs1
SeveranceCosts1
3000000
CY2020Q3 rrc Restructuring Charge One Time Minimum Volume Commitment Payment
RestructuringChargeOneTimeMinimumVolumeCommitmentPayment
28500000
CY2019Q3 rrc Restructuring Charge One Time Minimum Volume Commitment Payment
RestructuringChargeOneTimeMinimumVolumeCommitmentPayment
0
rrc Restructuring Charge One Time Minimum Volume Commitment Payment
RestructuringChargeOneTimeMinimumVolumeCommitmentPayment
28500000
rrc Restructuring Charge One Time Minimum Volume Commitment Payment
RestructuringChargeOneTimeMinimumVolumeCommitmentPayment
0
CY2020Q3 rrc Share Based Compensation Expense Benefit Associated With Restructuring Cost
ShareBasedCompensationExpenseBenefitAssociatedWithRestructuringCost
2020000
CY2019Q3 rrc Share Based Compensation Expense Benefit Associated With Restructuring Cost
ShareBasedCompensationExpenseBenefitAssociatedWithRestructuringCost
0
rrc Share Based Compensation Expense Benefit Associated With Restructuring Cost
ShareBasedCompensationExpenseBenefitAssociatedWithRestructuringCost
2020000
rrc Share Based Compensation Expense Benefit Associated With Restructuring Cost
ShareBasedCompensationExpenseBenefitAssociatedWithRestructuringCost
25000
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
521633000
CY2019Q3 us-gaap Restructuring Charges
RestructuringCharges
819000
us-gaap Restructuring Charges
RestructuringCharges
533525000
us-gaap Restructuring Charges
RestructuringCharges
3025000
CY2020Q3 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
485000000.0
CY2019Q4 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
485000000.0
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
475000000.0
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
475000000.0
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000.0
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000.0
CY2020Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
249630803
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
249510022
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
3390358
CY2019 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
1186290
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
8197662
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1798468
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0
CY2020Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
10007327
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1808133
CY2020Q3 rrc Treasury Stock Shares Distributed Or Sold
TreasuryStockSharesDistributedOrSold
1532
rrc Treasury Stock Shares Distributed Or Sold
TreasuryStockSharesDistributedOrSold
2338
CY2020Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8200000
CY2020Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
10005795
CY2020Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
10005795
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
343000
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
0
us-gaap Interest Paid Net
InterestPaidNet
145319000
us-gaap Interest Paid Net
InterestPaidNet
151602000
rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
4587000
rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
812000
rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-38942000
rrc Change In Accrued Capital Expenditures
ChangeInAccruedCapitalExpenditures
-4424000
CY2020Q3 rrc Transportation Commitments Future Minimum Transportation Fees Due Current
TransportationCommitmentsFutureMinimumTransportationFeesDueCurrent
212604000
CY2020Q3 rrc Transportation Commitments Future Minimum Transportation Fees Due In Year Two
TransportationCommitmentsFutureMinimumTransportationFeesDueInYearTwo
849807000
CY2020Q3 rrc Transportation Commitments Future Minimum Transportation Fees Due In Year Three
TransportationCommitmentsFutureMinimumTransportationFeesDueInYearThree
812176000
CY2020Q3 rrc Transportation Commitments Future Minimum Transportation Fees Due In Year Four
TransportationCommitmentsFutureMinimumTransportationFeesDueInYearFour
779226000
CY2020Q3 rrc Transportation Commitments Future Minimum Transportation Fees Due In Year Five
TransportationCommitmentsFutureMinimumTransportationFeesDueInYearFive
763965000
CY2020Q3 rrc Transportation Commitments Future Minimum Transportation Fees Due Thereafter
TransportationCommitmentsFutureMinimumTransportationFeesDueThereafter
4817605000
CY2020Q3 rrc Transportation Commitments Future Minimum Transportation Fees Due
TransportationCommitmentsFutureMinimumTransportationFeesDue
8235383000
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
496408000
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
11864000
CY2019 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
57324000
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
283354000
CY2019 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
666984000
rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
2764000
CY2019 rrc Cost Incurred Transportation And Field Equipment Costs
CostIncurredTransportationAndFieldEquipmentCosts
3583000
rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
321173000
CY2019 rrc Cost Incurred Of Oil And Gas Properties
CostIncurredOfOilAndGasProperties
764574000
rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
4587000
CY2019 rrc Increase Decrease In Asset Retirement Obligations Costs Incurred
IncreaseDecreaseInAssetRetirementObligationsCostsIncurred
11193000
us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
325760000
CY2019 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
775767000

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