# Range Resources Corp (RRC) — Stock CV

Range Resources Corp is a $9.56B energy company. Revenue grew 23.2% over the last year, it keeps 25¢ of every dollar of sales as profit, and its net debt equals ~0.2 years of free cash flow. It trades at 11.1× earnings — around the middle of its own history.

> Range Resources is an exploration and production firm whose operations represent a pure play in the Marcellus shale, located in the Appalachian region of Southwest Pennsylvania. The company went public as Lomak Petroleum in 1980 and later reorganized as Range Resources in 1998.

## Identity

- **Ticker**: RRC
- **Sector**: Energy
- **Industry**: Crude Petroleum & Natural Gas
- **Headquarters**: FT WORTH, TX
- **Employees**: 564
- **Website**: https://www.rangeresources.com
- **Market cap**: $9.56B
- **Last price**: $40.89
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $3.44B
- **Net income**: $860M
- **Free cash flow**: $680M
- **Net debt**: $106M
- **P/E**: 11.1
- **Revenue growth (YoY)**: 23.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 77 |
| Growth | 46 |
| Profitability | 90 |
| Health | 38 |
| Quality | 47 |
| Moat | 70 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +23.2% YoY
- [x] Profitable — $860M TTM
- [ ] Profit growing — -17.0% YoY
- [x] Generates cash — $680M TTM
- [x] Debt under control — ~0.2y of cash flow to repay
- [x] Established company — $9.56B market cap
- [x] Not printing shares — -0.7% shares over ~5y
- [x] Proven track record — 6/10 profitable years
- [ ] Financially stable — health score 25/100
- [x] Pays a dividend — yield 0.94%
- [x] Valuation not extreme — P/E 11.1

## Experience (career milestones)

- **FY2022** — Best year on record: $1.18B net income
- **FY2021** — Became debt-free: cash now exceeds total debt
- **FY2017** — Turned profitable: $333M net income after a loss year
- **FY2016** — Revenue already above $1B: $1.10B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2016** — The company acquired Memorial Resource Development for $4.2 billion in stock
- **2010** — Forbes called the company "King of the Marcellus Shale".The company had spent less than $1,000 per acre on…
- **2006** — The company acquired Stroud Energy and its major position in the Barnett Shale for $450 million
- **2005** — The company built horizontal test wells in Mount Pleasant Township, Washington County, Pennsylvania and…
- **2004** — The company bought the 50% interest in the venture that it did not own for $290 million, including the…
- **1998** — The company acquired Domain Energy for $214 million
- **1997** — The company acquired American Cometra for $385 million
- **1976** — The company was founded as Lomak Petroleum, based in Hartville, Ohio

## Strengths

- High gross margin (90.2%)
- Strongly profitable — 25.0% net margin
- Revenue growing 23.2% year over year
- Strong cash conversion — FCF is 19.8% of revenue
- Interest covered 5.0× by operating earnings

## Watch-outs

- Loss-making in 4 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.93B | $412M | $374M |
| FY2022 | $4.15B | $1.18B | $1.38B |
| FY2023 | $2.55B | $856M | $371M |
| FY2024 | $2.42B | $266M | $316M |
| FY2025 | $3.12B | $658M | $530M |

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Source: https://stockcv.com/RRC — derived from company filings; may be delayed or incomplete. Information, not investment advice.