Range Resources
Range Resources Corporation is a Top 10 U.S. independent natural gas and NGL producer operating in the Appalachian Basin Marcellus Shale, serving utilities, LNG exporters, power generators, and emerging AI data center customers via approximately 875,000 net acres and 2.21 Bcfe/day of production.
- Company typePublic
- Founded1998
- HeadquartersFort Worth, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Range Resources does
Range Resources Corporation (NYSE: RRC) is an independent exploration and production company focused on natural gas and natural gas liquids (NGLs) in the Appalachian Basin, headquartered in Fort Worth, Texas with operational headquarters in Southpointe, Pennsylvania. The company pioneered commercial Marcellus Shale development in 2004 with the Renz #1 well and today operates approximately 875,000 net acres of stacked-pay acreage across Pennsylvania, holding 30+ years of de-risked drilling inventory in the Marcellus, Utica, and Upper Devonian formations. Production reached 2.21 Bcfe/day in Q1 2026 with a guided ramp to 2.6 Bcfe/day by 2027, making Range a Top 10 U.S. natural gas producer and the largest NGL producer in Pennsylvania at approaching 100,000 barrels per day.
Core products are dry natural gas sold to utilities, power generators, and LNG export terminals (including Cheniere Energy and Venture Global), and NGLs (ethane, propane, butane) sold via the Mariner East pipeline system to domestic and European petrochemical customers. The company monetizes through market-based commodity pricing tied to Henry Hub for gas and Mont Belvieu for NGLs, supplemented by lease and royalty income from mineral rights ownership and long-dated premium-priced supply agreements, notably a 10-year, 75 Mmcf/day contract with a Midwest power plant commencing late 2027. Go-to-market is enterprise field sales to wholesale counterparties, with a 2025 strategic pivot into integrated gas plus small modular reactor (SMR) power solutions for hyperscale data centers in partnership with Liberty Energy and Oklo.
The underlying technology platform is horizontal drilling and multi-stage hydraulic fracturing in the liquids-rich Marcellus Shale, with 2025 operational benchmarks of 9.7 frac stages per day and average lateral lengths of 14,800 feet. Revenue for FY2025 was $3.1 billion (+29% YoY) with Q1 2026 revenue up 49.8% YoY; FY2025 free cash flow was approximately $650M and Q1 2026 net debt was reduced by $384M to the lowest in company history. Differentiators include Net Zero Scope 1 and 2 GHG emissions since 2024, MiQ A-grade certification across all Pennsylvania production, an ongoing voluntary ambient air monitoring program, 18 consecutive years of positive reserve revisions, and top-quartile capital efficiency among U.S. E&P peers.
Range Resources firmographics
Firmographics- Name
- Range Resources
- Legal name
- Range Resources Corporation
- Website
- https://rangeresources.com
- Company type
- Public
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Range Resources Corporation is a Top 10 U.S. independent natural gas and NGL producer operating in the Appalachian Basin Marcellus Shale, serving utilities, LNG exporters, power generators, and emerging AI data center customers via approximately 875,000 net acres and 2.21 Bcfe/day of production.
- Ownership category
- akta.pro rank
Range Resources industry classification
Industry- Product category
- Natural Gas Exploration and Production
- NAICS
- Natural Gas Extraction (211130), Natural Gas Extraction (21113)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)
Keywords
Where Range Resources is headquartered
LocationHeadquarters
- HQ city
- Fort Worth
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Range Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Others
Revenue model
- Natural Gas Production: Sale of natural gas produced from Appalachian Basin operations, with realized pricing of $5.18 per Mcf in Q1 2026 and $0.18 premium above Henry Hub
- Natural Gas Liquids (NGL) Production: Sale of NGLs including ethane, propane, and butane; achieved record NGL premium of $4.41 per barrel above Mont Belvieu in Q1 2026
- Lease and Royalty Payments: Royalties from mineral rights ownership; over $5 billion to date in royalty and lease payments and charitable contributions
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Natural gas commodity pricing with realized $0.18/Mcf premium to Henry Hub |
| Usage-based | Pay-as-you-go | NGL pricing at Mont Belvieu plus $1.25-$2.50 per barrel premium |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Range Resources product offering
Product offeringCore offering
Range Resources is an independent natural gas and natural gas liquids (NGL) exploration and production company operating in the Appalachian Basin. It produces over 2 Bcfe/day from approximately 875,000 net acres in the Marcellus Shale in Pennsylvania and markets NGLs (ethane, propane, butane) at approaching 100,000 barrels per day, making it the largest NGL producer in Pennsylvania. The company sells into utilities, power plants, LNG export terminals, and petrochemical manufacturers via long-term supply agreements and pipeline infrastructure.
Product overview
Range Resources Corporation is a leading U.S. independent natural gas and NGL (Natural Gas Liquids) producer focused in the Appalachian Basin, specifically the Marcellus Shale formation in Pennsylvania. The company operates as a unified natural gas exploration and production business with two core products: natural gas production from its Marcellus Shale operations (over 2 Bcfe/day capacity) and NGL production (approximately 100,000 barrels per day), making it the largest NGL producer in Pennsylvania. Additionally, the company provides a voluntary Ambient Air Monitoring Program that collects and publishes air quality data using EPA protocols near all active operations, supporting the company's transparency and environmental stewardship commitments. Range Resources pioneered the Marcellus Shale in 2004 and holds nearly a million net acres across Pennsylvania with multi-decade drilling inventory.
Differentiator
Problem solved
Functional benefit
Products and services
- Natural Gas Production Range Resources produces natural gas from its liquids-rich Marcellus Shale acreage in Pennsylvania, operating as a Top 10 U.S. natural gas producer with over 2 Bcfe/day of production capacity. The gas is sold to utilities, power plants, LNG export terminals, and industrial customers under long-term agreements and pipeline sales.
- Natural Gas Liquids (NGL) Range Resources produces and markets natural gas liquids including ethane, propane, and butane extracted from its liquids-rich Marcellus Shale acreage. The company is the largest NGL producer in Pennsylvania, approaching 100,000 barrels per day, with supply delivered to petrochemical manufacturers and export markets via the Mariner East pipeline system.
Quantifiable outcome
- 24% reduction in methane emissions intensity since 2023
- +3 more outcomes
Companies that use Range Resources
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Range Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Range Resources partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Liberty EnergycoreStrategic alliance to develop integrated power solutions for data centers and industrial developments in Pennsylvania and Colorado, combining natural gas and small modular nuclear (SMR) technologies through Oklo partnership
- OklocorePartnership with Oklo for integrated natural gas and small modular nuclear solutions targeting AI data centers, with initial revenue projected post-2027
- Imperial Land CorporationminorStrategic alliance to develop integrated power solutions for data centers in Colorado
- AltitudeX Aviation GroupminorStrategic alliance to develop integrated power solutions for data centers
- WhiteHawk MineralsminorWhiteHawk Minerals collects royalties from 11,000 producing wells operated by Range Resources and other Appalachian producers; Range benefits as royalty payment recipient
- Ernst & Young LLPminorIndependent registered public accounting firm ratified for fiscal year 2026
Scale indicators8 records
Recent moves6 records
Expansion highlights4 records
Range Resources competitors and assessment
Company assessmentBroad incumbents
- Ovintiv: Ovintiv (formerly Encana) operates significant Appalachian and Permian assets, with its natural gas segment (formerly Cabot Oil & Gas heritage) directly comparable to Range's Marcellus operations in productivity and takeaway dynamics.
- EOG Resources: EOG is one of the largest U.S. independent E&Ps with a diversified multi-basin portfolio that includes a growing natural gas footprint. It competes with Range for institutional capital and on operational efficiency benchmarks in premium-priced gas plays.
- Chesapeake Energy (now part of Expand Energy): Chesapeake was a historic direct competitor in Appalachian natural gas before merging into Expand Energy; it remains a relevant historic benchmark for Range on Marcellus well economics and reserve life in the basin.
- Devon Energy: Devon is a large diversified E&P with natural gas exposure across the Delaware, Anadarko, and Powder River basins. While its product mix is broader than Range's, it competes for capital in the U.S. natural gas growth narrative and benchmarks against Range on gas capital efficiency.
Direct peers
- EQT Corporation: EQT is the largest U.S. natural gas producer and is Range's most direct competitor, with overlapping Marcellus and Utica operations in the Appalachian Basin, similar takeaway infrastructure challenges, and a comparable focus on long-haul gas supply to LNG and power customers.
- CNX Resources: CNX is a pure-play Appalachian natural gas producer operating in Pennsylvania and West Virginia, with overlapping Marcellus and Utica acreage and a similar low-cost, capital-efficient operating model targeted at supplying power generation and LNG markets.
- Expand Energy: Formed from the Southwestern Energy and Chesapeake Energy merger, Expand Energy is a pure-play natural gas producer with substantial Marcellus and Haynesville exposure, making it a structurally comparable competitor for LNG supply contracts and Marcellus takeaway capacity.
- Antero Resources: Antero is a Marcellus/Utica-focused Appalachian E&P with significant NGL production and similar Pennsylvania acreage, competing head-to-head with Range for takeaway capacity, ethane/NGL markets, and gas supply agreements with utilities and power generators.
- Coterra Energy: Coterra combines Marcellus gas, Permian oil, and Anadarko production; its Marcellus segment competes directly with Range on Appalachian gas and NGL economics, well productivity benchmarks, and premium pricing realizations.
Emerging players
- Crescent Energy: Crescent Energy emerged from the Independence Contango merger and consolidated Cabot Oil & Gas's Marcellus assets, making it a comparable pure-play natural gas E&P competing for LNG offtake and serving similar end markets to Range.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Range Resources social profiles
Digital presenceRange Resources compliance and trust
Trust signalCompliance8 records
Range Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Range Resources leadership team
Management profileNumber of profiles
Profiles7 records
Range Resources funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Range Resources M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Range Resources
What does Range Resources do?
Range Resources is an independent natural gas and natural gas liquids (NGL) exploration and production company operating in the Appalachian Basin. It produces over 2 Bcfe/day from approximately 875,000 net acres in the Marcellus Shale in Pennsylvania and markets NGLs (ethane, propane, butane) at approaching 100,000 barrels per day, making it the largest NGL producer in Pennsylvania. The company sells into utilities, power plants, LNG export terminals, and petrochemical manufacturers via long-term supply agreements and pipeline infrastructure.
Is Range Resources a public or private company?
Range Resources is a public company. It is classified as public and is currently operating.
When was Range Resources founded?
Range Resources was founded in 1998. It employs 501 to 1,000 people.
Where is Range Resources based?
Range Resources is headquartered in Fort Worth, United States, in the North America region.
How does Range Resources make money?
Three revenue lines are on record. Natural Gas Production is the primary driver. The others are natural Gas Liquids (NGL) Production and lease and Royalty Payments.
Who are Range Resources's main competitors?
Broad incumbents on record are Ovintiv, EOG Resources, Chesapeake Energy (now part of Expand Energy) and Devon Energy. Direct peers are EQT Corporation, CNX Resources, Expand Energy, Antero Resources and Coterra Energy. Crescent Energy is listed as an emerging player.
Does Range Resources have an API?
No public API is recorded for Range Resources.
What industry is Range Resources in?
Range Resources's product category is Natural Gas Exploration and Production. Its primary akta.pro industry code is EUAAAAAA, Conventional Natural Gas Exploration & Production (Dry Gas). Its NAICS code is 211130 and its SIC code is 1311.