Range Resources (RRC) delivered earnings and revenue surprises of 23.21% and 4.28%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
FORT WORTH, Texas, April 23, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2024 financial results. First Quarter 2024 Highlights – Cash flow from operating activities of $332 millionCash flow from operations, before working capital changes, of $308 millionCapital spending was $170 million, approximately 26% of the 2024 budgetPre-hedge NGL realizations of $26.24 per barrel – premium of $1.91 over Mont Belvieu equivalentNatural gas differentials
Pioneer Natural Resources (PXD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.