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Range Resources reported adjusted revenue of $836.6 million for Q3 FY2026, above the consensus of $798.1 million. Its adjusted earnings per share were $0.81, compared with the consensus of $0.70.
The company reported total revenue of $842.8 million, up from $748.5 million a year earlier, and diluted earnings per share of $0.75, compared with $0.60. Range attributed the increase in natural gas, natural gas liquids and oil sales to higher realized prices and production. It also attributed higher net income to those factors.
Range’s operating margin was 29.0%, compared with 28.4% a year earlier. In its filing, the company said direct operating costs rose primarily because of more workovers and higher water-hauling costs, while transportation and processing costs increased with volumes and commodity-linked costs.
Range generated $125.0 million in free cash flow, compared with $78.3 million a year earlier. The company reported $170.0 million in capital spending for the quarter.
| Q3 FY2026 | Q3 FY2025 | Change | |
|---|---|---|---|
| Revenue | $842.8 million | $748.5 million | 12.6% |
| Diluted EPS | $0.75 | $0.60 | 24.3% |
| Gross margin | 93.6% | 92.4% | 1.2 percentage points |
| Operating margin | 29.0% | 28.4% | 0.6 percentage points |
| Free cash flow | $125.0 million | $78.3 million | 59.6% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $0.81 | $0.70 | Beat by 15.7% |
| Revenue | $836.6 million | $798.1 million | Beat by 4.82% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
Range said it would not host a conference call or webcast to discuss its third-quarter results because of the pending merger with EQT.
Guidance
Management guidance is unavailable. The company announced an all-stock combination with EQT expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals.