Range Resources Corp. (RRC) Misses Q2 EPS by 5c, Offers Guidance

Range Resources Corp. (NYSE: RRC) reported Q2 EPS of $0.36, $0.05 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $482 million versus the consensus estimate of $483.22 million.

Production Guidance:

Production growth for 2014 is now targeted at 25% year-over-year. Average daily production for the third quarter is expected to be approximately 1.20 Bcfe per day, with 30% liquids and fourth quarter production is expected to be approximately 1.35 Bcfe per day, with 30% liquids.

Guidance for 2014 Activity:

Under the current plan, which will be subject to change during the year, Range expects to turn to sales approximately 206 wells in the Marcellus, Nora and Midcontinent during 2014.

For earnings history and earnings-related data on Range Resources Corp. (RRC) click here.

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