Range Resources (RRC) Tops Q3 EPS by 3c, Beats on Revenues
Get Alerts RRC Hot Sheet
Price: $37.77 --0%
Revenue Growth %: -15.8%
Financial Fact:
Total revenues and other income: 413.21M
Today's EPS Names:
UXIN, TOWN, NRIM, More
Revenue Growth %: -15.8%
Financial Fact:
Total revenues and other income: 413.21M
Today's EPS Names:
UXIN, TOWN, NRIM, More
Join SI Premium – FREE
Range Resources (NYSE: RRC) reported Q3 EPS of $0.05, $0.03 better than the analyst estimate of $0.02. Revenue for the quarter came in at $587 million versus the consensus estimate of $514.77 million.
Highlights
- Year to date 2017 GAAP net income was $112 million, or $0.45 per diluted share, compared to a net loss of $361 million, or $2.10 per share in the comparable period of 2016
- Year to date net cash provided from operating activities (GAAP) was $601 million, compared to $206 million in the comparable period of 2016, an improvement of 192% while year to date cash flow from operations before changes in working capital, (non-GAAP), reached $656 million, compared to $316 million, an improvement of 108%
- Two recently completed Marcellus super-rich pads were brought on line with average per well 24-hour IPs of 41.3 Mmcfe per day, containing 64% liquids, with 20% being condensate
- Record third quarter production totaled 1.99 Bcfe per day, an increase of 32% compared to the prior-year quarter
- Third quarter NGL pre-hedge realized prices improved to $16.93 per barrel versus $11.17 per barrel in the prior-year quarter, a 52% improvement
- Third quarter natural gas price differential including the impact of basis hedges improved to minus ($0.51) per mcf, compared to minus ($0.68) in the prior-year quarter, a 25% improvement
- Third quarter crude oil and condensate realized prices improved to $4.80 per barrel below WTI versus $5.81 per barrel below WTI in the prior-year quarter, a 17% improvement
For earnings history and earnings-related data on Range Resources (RRC) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Berenberg Starts Lloyds TSB Group (LYG) at Hold, 'shares are fairly valued'
- Advanced Semiconductor (ASX) Reports Q1 EPS of NT$1.28
Create E-mail Alert Related Categories
Earnings, GuidanceRelated Entities
Crude Oil, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!