Range Resources Q1 profit decreased from last year but exceeded estimates at $92.14mn ($0.38/share), with revenue falling 45.8% to $645.37mn.

Range Resources Corp. (RRC) reported a Q1 profit that decreased from last year but exceeded estimates at $92.14mn ($0.38/share), vs $481.45mn ($1.95/share) in 2021. Excluding items, adjusted earnings were $166.92mn ($0.69/share). Revenue fell 45.8% to $645.37mn from $1.19bn. Despite this, the company's earnings surpassed Wall Street's average expectation of $0.57/share.

April 23, 2024
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