Range Announces Third Quarter 2020 Financial Results
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Range Resources (RRC) Misses Q3 EPS by 3c, Revenues Miss
October 29, 2020 4:52 PM EDTRange Resources (NYSE: RRC) reported Q3 EPS of ($0.05), $0.03 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $299.35 million versus the consensus estimate of $483.12 million.
Third Quarter Highlights
Well costs continue to average less than $600 per lateral foot, including facility costs, the lowest in Appalachia2020 annual capital spend expectation reduced by at least $15 million, due to efficiency improvementsTotal capital expenditures were $63.5 million during the quarterTransportation, gathering, processing and compression expense... More