Range Resources

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.

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

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

• Natural gas production
• Natural gas liquids
• Exploration and production
• Marcellus Shale drilling
• Upstream oil and gas

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Others

Revenue model

1. 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
2. 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
3. Lease and Royalty Payments: Royalties from mineral rights ownership; over $5 billion to date in royalty and lease payments and charitable contributions

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Liberty EnergycoreStrategic or Co-development Partner · 24 July 2025Strategic 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
• OklocoreStrategic or Co-development Partner · 24 July 2025Partnership with Oklo for integrated natural gas and small modular nuclear solutions targeting AI data centers, with initial revenue projected post-2027
• Imperial Land CorporationminorStrategic or Co-development Partner · 24 July 2025Strategic alliance to develop integrated power solutions for data centers in Colorado
• AltitudeX Aviation GroupminorStrategic or Co-development Partner · 24 July 2025Strategic alliance to develop integrated power solutions for data centers
• WhiteHawk MineralsminorChannel Partner/ Reseller/ DistributorWhiteHawk Minerals collects royalties from 11,000 producing wells operated by Range Resources and other Appalachian producers; Range benefits as royalty payment recipient
• Ernst & Young LLPminorOthersIndependent registered public accounting firm ratified for fiscal year 2026

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad 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

• Xx.com/Range_Resources
• YouTubeyoutube.com/user/RangeResourcesCorp
• Facebookfacebook.com/RangeResourcesCorporation
• LinkedInlinkedin.com/company/70888

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Range Resources