Range Resources Q4 Earnings Drop Yet Beat Expectations

Range Resources Corp. reported a profit decrease in Q4 but beat analysts' expectations. Despite a 33.5% revenue decline, the adjusted EPS of $0.68 exceeded the forecasted $0.60.

Date: 25-02-2025

AI Rating: 5

Financial Performance Overview
Range Resources Corp. reported a significant profit decline in the fourth quarter, with net income falling to $94.84 million compared to $310.03 million from the prior year. The Earnings Per Share (EPS) decreased from $1.27 to $0.39. Despite this disappointing performance, the adjusted EPS, which excludes special items, was reported at $0.68 per share, surpassing analysts' expectations of $0.60.

Revenue Impact
The company's revenue also saw a notable decline of 33.5%, dropping from $941.46 million last year to $626.42 million in the most recent quarter. This significant fall in revenue may cause concerns among investors regarding the company's growth potential.

Summary of Key Metrics
- Net Income: $94.84 million
- EPS: $0.39 (down from $1.27 year-over-year)
- Adjusted EPS: $0.68 (exceeds expected $0.60)
- Revenue: $626.42 million (down from $941.46 million year-over-year)

Stocks: RRC