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Range Resources(RRC) - 2024 Q3 - Earnings Call Transcript
2024-10-24 00:07
财务数据和关键指标变化 - Range Resources在2024年第三季度的自然气平均价格为每千立方英尺2.09美元,尽管商品价格低,公司仍支付了5800万美元的股息,并以低于长期价值的价格回购了4400万美元的股票 [9][10] - 公司在2024年第三季度实现了每千立方英尺2.61美元的未对冲价格实现,比亨利哈布自然气高出0.45美元 [4][5] - 截至第三季度末,公司的净债务为14.4亿美元,处于目标范围内 [13] 各条业务线数据和关键指标变化 - Range的液体业务在第三季度表现强劲,NGL的平均溢价为每桶4美元,创下公司历史新高 [4][7] - 公司的液体生产占总生产的30%,在过去六个季度中,液体收入占总收入的50%以上 [11][12] 各个市场数据和关键指标变化 - 国际市场对NGL的需求和价格在第三季度保持强劲,导致美国出口能力接近最大利用率 [7][29] - 预计到2025年,国际市场对NGL产品的需求将继续增长,而美国墨西哥湾沿岸的出口能力在2025年下半年之前不会显著增加 [7][29] 公司战略和发展方向和行业竞争 - 公司计划在2025年继续以一台压裂设备维持接近2.2 Bcfe的生产水平,预计将实现适度增长 [6][20] - 公司在资本支出方面采取了维护加的策略,预计将继续投资于土地和水基础设施,以提高资本效率 [9][10] 管理层对经营环境和未来前景的评论 - 管理层对未来的天然气和NGL需求持乐观态度,认为公司在低成本生产方面具有竞争优势 [8][13] - 管理层提到,未来的增长将依赖于LNG基础设施的进一步投入和利用 [22][36] 其他重要信息 - 公司在过去20年中为美国的能源独立做出了重要贡献,Marcellus和Utica地区的天然气生产占美国总生产的三分之一 [15][16] - 公司在2024年第三季度的资本支出为1.56亿美元,符合全年资本指导 [5][9] 问答环节所有提问和回答 问题: 关于生产表现和中游优化的影响 - 管理层表示,生产表现的提升主要得益于长侧钻井的表现和压缩、收集基础设施的扩展 [18][19] 问题: 关于2025年的计划和DUC选项 - 管理层提到,未来的生产增长将取决于冬季天气、LNG基础设施的进一步投入以及市场价格的反应 [21][22][23] 问题: 关于NGL市场的价格实现 - 管理层强调,NGL的价格实现主要得益于在马库斯·胡克的水上出口能力和市场需求的增长 [26][27][29] 问题: 关于资本支出和效率 - 管理层表示,2024年的资本支出计划可以作为2025年的参考,未来将继续优化钻井和压裂效率 [30][31] 问题: 关于数据中心需求的未来 - 管理层指出,数据中心的需求正在快速增长,相关的谈判正在进行中,预计未来将有更多的固定协议签署 [59][60][62]
RRC Beats on Q3 Earnings & Revenues, Ups '24 Production View
ZACKS· 2024-10-23 22:41
Range Resources Corporation (RRC) reported third-quarter 2024 adjusted earnings of 48 cents per share, which beat the Zacks Consensus Estimate of 35 cents. The bottom line also improved from the prior-year level of 46 cents. Total quarterly revenues of $680 million beat the Zacks Consensus Estimate of $627 million. The top line also increased from the prior-year figure of $649 million.The strong quarterly results can be primarily attributed to higher gas equivalent production volumes.Operational Performance ...
Range Resources (RRC) Q3 Earnings and Revenues Top Estimates
ZACKS· 2024-10-23 06:35
Range Resources (RRC) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.14%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.39 per share when it actually produced earnings of $0.46, delivering a surprise of 17.95%.Over the last four ...
Range Resources(RRC) - 2024 Q3 - Quarterly Report
2024-10-23 04:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-12209 RANGE RESOURCES CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 34-1312571 (State or Othe ...
Range Announces Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-23 04:16
FORT WORTH, Texas, Oct. 22, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2024 financial results. Third Quarter 2024 Highlights – Cash flow from operating activities of $246 millionCash flow from operations, before working capital changes, of $250 millionCapital spending of $156 million, approximately 24% of the 2024 budgetPre-hedge NGL realizations of $25.96 per barrel – premium of $4.10 over Mont Belvieu equivalentNatural gas differentials, including b ...
Analysts Estimate Range Resources (RRC) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-15 23:06
The market expects Range Resources (RRC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 22, 2024, might help the stock move higher if these key numbe ...
Range Announces Conference Call to Discuss Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-10-03 04:15
FORT WORTH, Texas, Oct. 02, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its third quarter 2024 financial results news release will be issued Tuesday, October 22 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Wednesday, October 23 at 9:00 a.m. ET (8:00 a.m. CT). A webcast of the call may be accessed at www.rangeresources.com. The webcast will be archived for replay on the Company's website ...
Natural Gas Price Rise on the Horizon: RRC, EQT, AR Stocks to Gain
ZACKS· 2024-09-18 03:46
Natural gas prices are anticipated to remain relatively stable in the ongoing shoulder season (September through October) due to a balance between supply and demand, with neither heating nor cooling demands causing notable fluctuations in consumption. Analysts predict that natural gas prices will begin to increase post-October, creating opportunities for exploration and production companies such as Range Resources Corporation (RRC) , EQT Corporation (EQT) and Antero Resources (AR) to benefit. US Natural Gas ...
Here's Why You Should Hold on to Range Resources Stock Now
ZACKS· 2024-09-12 22:41
Range Resources Corporation (RRC) is a leading natural gas exploration and production company. For 2025, the company is likely to see earnings growth of 40%. What's Favoring RRC Stock? In its latest short-term energy outlook, the U.S. Energy Information Administration revealed that it expects Henry Hub spot natural gas to be higher at $3.10 per million British thermal units (MMBtu) in 2025 compared with less than $2.00 per MMBtu in August. This can benefit the leading natural gas producer, Range Resources, ...
2 Stocks to Navigate Natural Gas' Choppy Landscape: RRC, AR
ZACKS· 2024-09-09 22:35
The U.S. Energy Department's latest inventory report revealed a smaller-than-expected build in natural gas supplies, giving futures a modest lift. Prices edged up slightly week over week, but the commodity still hovers around the low $2 mark. Despite this recent bump, natural gas faces persistent headwinds, with the market highly sensitive to erratic weather patterns that sway prices and disrupt stability. For now, investors should keep their eyes on resilient stocks like Range Resources (RRC) and Antero Re ...