Range Resources (RRC) Tops Q3 EPS by 3c, Revenues Beat

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Range Announces Third Quarter 2019 Results

October 23, 2019 5:00 PM EDT

FORT WORTH, Texas, Oct. 23, 2019 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2019 financial results. 

Highlights

Sold 2.5% overriding royalty in southwest Appalachia leases for gross proceeds of $750 millionTotal asset sales of approximately $1.1 billion in the last 12 monthsIncreased credit facility commitment from $2.0 billion to $2.4 billion in OctoberExpected 2019 capital spending reduced to $736 million, $20 million below budgetBoard of Directors approved a $100 million share repurchase program, effective October 2019Third quarter production averaged 2,244 Mmcfe per... More