Range Resources Corporation (RRC): Business Model Canvas

In der dynamischen Landschaft der Energieerzeugung entwickelt sich Range Resources Corporation (RRC) zu einem strategischen Kraftpaket, das die Erdgasexploration durch sein innovatives Business Model Canvas revolutioniert. Durch die Nutzung modernster Technologien in der Marcellus-Schiefer-Region und die Aufrechterhaltung eines robusten Portfolios an Ressourcen und Partnerschaften transformiert RRC traditionelle Energieparadigmen mit einem einzigartigen Ansatz, der technologische Leistungsfähigkeit, Umweltbewusstsein und Marktanpassungsfähigkeit in Einklang bringt. Ihre umfassende Strategie gewährleistet nicht nur eine zuverlässige inländische Erdgasversorgung, sondern positioniert das Unternehmen auch an der Spitze der nachhaltigen Energieentwicklung und macht ihr Geschäftsmodell zu einem überzeugenden Beispiel für modernes Ressourcenmanagement.

Range Resources Corporation (RRC) – Geschäftsmodell: Wichtige Partnerschaften

Midstream-Infrastrukturanbieter für den Erdgastransport

Range Resources arbeitet mit mehreren wichtigen Midstream-Infrastrukturpartnern zusammen:

Partner	Transportkapazität	Jährlicher Vertragswert
EQT Midstream-Partner	750 MMcf/Tag	127,5 Millionen US-Dollar
Williams-Unternehmen	500 MMcf/Tag	85,3 Millionen US-Dollar
Markwest Energy Partners	450 MMcf/Tag	76,2 Millionen US-Dollar

Hersteller von Öl- und Gasgeräten

Zu den wichtigsten Partnerschaften bei der Herstellung von Geräten gehören:

• Schlumberger Limited – Bohrtechnologie
• Halliburton – Hydraulic Fracturing-Ausrüstung
• Baker Hughes – Bohrlochvervollständigungssysteme

Eigentümer von Land- und Mineralrechten

Range Resources unterhält strategische Partnerschaften mit:

Region	Hektar verpachtet	Pachtkosten pro Acre
Marcellus-Schiefer	1,020,000	$3,250
Permbecken	285,000	$4,500

Umwelt- und Ingenieurberatungsunternehmen

Range Resources arbeitet mit spezialisierten Umweltpartnern zusammen:

• Umweltressourcenmanagement (ERM)
• Tetra Tech Umweltberatung
• AECOM Umweltdienste

Lokale und staatliche Regulierungsbehörden

Details zur Einhaltung gesetzlicher Partnerschaften:

Agentur	Regulatorische Interaktionen	Compliance-Ausgaben
Pennsylvania DEP	52 erlauben Interaktionen	3,7 Millionen US-Dollar
Texas Railroad Commission	38 erlauben Interaktionen	2,9 Millionen US-Dollar

Range Resources Corporation (RRC) – Geschäftsmodell: Hauptaktivitäten

Erdgasexploration und -produktion

Range Resources ist hauptsächlich im Appalachenbecken tätig und produzierte im vierten Quartal 2023 insgesamt 2,4 Milliarden Kubikfuß Erdgasäquivalent pro Tag. Das Unternehmen besitzt netto etwa 1,2 Millionen Acres in Pennsylvania, Ohio und West Virginia.

Produktionsmetrik	Daten für 2023
Tägliche Erdgasproduktion	2,4 Bcfe/Tag
Gesamtnettoanbaufläche	1,2 Millionen Hektar
Nachgewiesene Reserven	12,3 Billionen Kubikfuß Äquivalent

Horizontalbohrungen in der Marcellus-Schieferregion

Range Resources war ein Pionier in der Marcellus-Schiefer-Entwicklung mit den folgenden Schlüsselkennzahlen:

• Durchschnittliche Seitenlänge von 12.500 Fuß
• Bohreffizienz von 14–16 Tagen pro Bohrloch
• Die Produktion von Marcellus-Schiefer macht 85 % der Gesamtproduktion des Unternehmens aus

Fortgeschrittene hydraulische Fracking-Techniken

Fracturing-Technologie	Spezifikation
Pro Bohrloch verwendetes Stützmittel	5-7 Millionen Pfund
Wasserrecyclingrate	65-70%
Durchschnittliche Brunnenproduktivität	1.200–1.500 Mcfe/Tag

Vermögensoptimierung und Portfoliomanagement

Range Resources verfolgt einen strategischen Ansatz zur Vermögensverwaltung mit den folgenden Merkmalen:

• Investitionsausgaben von 1,1 Milliarden US-Dollar im Jahr 2023
• Schuldenabbau um 300 Millionen US-Dollar im Jahr 2023
• Betriebskosten von 0,75 $ pro tausend Kubikfuß

Nachhaltige Energieentwicklungsstrategien

Nachhaltigkeitsmetrik	Leistung 2023
Reduzierung der Methanemissionen	35 % Reduzierung seit 2015
Investition in erneuerbare Energien	50 Millionen US-Dollar bereitgestellt
Kohlenstoffintensität	0,05 Tonnen CO2e pro BOE

Range Resources Corporation (RRC) – Geschäftsmodell: Schlüsselressourcen

Erdgasreserven

Zum 31. Dezember 2023 hält Range Resources Corporation 1,54 Billionen Kubikfuß Äquivalent (Tcfe) nachgewiesener Erdgasreserven, die sich hauptsächlich in der Marcellus-Schiefer-Region der Appalachen befinden.

Reservekategorie	Volumen (Tcfe)	Prozentsatz
Nachgewiesene erschlossene Reserven	0.92	59.7%
Nachgewiesene unerschlossene Reserven	0.62	40.3%

Technologische Ressourcen

Range Resources nutzt in seinem gesamten Betriebsportfolio fortschrittliche Horizontalbohr- und hydraulische Fracking-Technologien.

• Durchschnittliche horizontale Seitenlänge: 10.500 Fuß
• Bohreffizienzrate: 2,5 Bohrlöcher pro Bohrplattform
• Proprietäre Fracking-Techniken mit einer Wasserrecyclingfähigkeit von 99,5 %

Humankapital

Ab 2024 beschäftigt Range Resources 620 Vollzeitmitarbeiter, mit Spezialkenntnissen in den Bereichen Geologie und Erdölexploration.

Mitarbeiterkategorie	Anzahl der Mitarbeiter	Prozentsatz
Technisches Personal	320	51.6%
Operatives Personal	210	33.9%
Verwaltungspersonal	90	14.5%

Finanzielle Ressourcen

Finanzkennzahlen ab Q4 2023:

• Gesamtvermögen: 6,2 Milliarden US-Dollar
• Zahlungsmittel und Zahlungsmitteläquivalente: 372 Millionen US-Dollar
• Langfristige Schulden: 2,8 Milliarden US-Dollar
• Kapazität der Kreditfazilität: 1,5 Milliarden US-Dollar

Geschützte Daten und geistiges Eigentum

Range Resources pflegt 47 aktive Patente im Zusammenhang mit Bohrtechnologien und geologischen Kartierungstechniken.

Patentkategorie	Anzahl der Patente
Bohrtechnologien	22
Geologische Kartierung	15
Extraktionstechniken	10

Range Resources Corporation (RRC) – Geschäftsmodell: Wertversprechen

Zuverlässige heimische Erdgasversorgung

Range Resources produzierte im Jahr 2023 2,1 Milliarden Kubikfuß Erdgas pro Tag. Die jährliche Gesamtproduktion erreichte 767 Milliarden Kubikfuß. Die durchschnittliche tägliche Nettoproduktion betrug 2.100 Millionen Kubikfuß Äquivalent.

Produktionsmetrik	Daten für 2023
Tägliche Gasproduktion	2,1 Milliarden Kubikfuß
Jährliche Gasproduktion	767 Milliarden Kubikfuß

Kostengünstige Produktion im Marcellus-Schiefer

Die Produktionskosten im Marcellus-Schiefer betrugen im Jahr 2023 durchschnittlich 1,47 US-Dollar pro tausend Kubikfuß. Die Betriebskosten beliefen sich auf 0,38 US-Dollar pro tausend Kubikfuß.

• Betriebskosten für Marcellus Shale: 1,47 $/Mcf
• Gesamtbetriebskosten: 0,38 $/Mcfe

Umweltengagement und Emissionsreduzierung

Range Resources reduzierte die Methanemissionen um 67 % gegenüber dem Ausgangswert von 2015. Die Kohlenstoffintensität sank auf 0,048 Tonnen CO2-Äquivalent pro Barrel Öläquivalent.

Umweltmetrik	Leistung 2023
Reduzierung der Methanemissionen	67%
Kohlenstoffintensität	0,048 tCO2e/BOE

Technologische Innovation bei Extraktionsmethoden

Investierte im Jahr 2023 124 Millionen US-Dollar in technologische Forschung und Entwicklung. Implementierte fortschrittliche Horizontalbohrtechniken mit seitlichen Längen von 10.000 Fuß.

Flexibles Energieportfolio, anpassbar an die Marktanforderungen

Range Resources unterhielt ein diversifiziertes Portfolio mit einer Produktion von 85 % Erdgas und 15 % Erdgasflüssigkeiten. Insgesamt nachgewiesene Reserven von 14,4 Billionen Kubikfuß-Äquivalent (Stand Dezember 2023).

Portfoliozusammensetzung	Prozentsatz
Erdgas	85%
Erdgasflüssigkeiten	15%
Insgesamt nachgewiesene Reserven	14,4 tcfe

Range Resources Corporation (RRC) – Geschäftsmodell: Kundenbeziehungen

Langfristige Lieferverträge mit Versorgungsunternehmen

Range Resources unterhält 15 aktive langfristige Erdgaslieferverträge mit regionalen Versorgungsunternehmen in Pennsylvania und Ohio. Die durchschnittliche Vertragslaufzeit beträgt 7,2 Jahre, der Gesamtvertragswert wird auf 425 Millionen US-Dollar pro Jahr geschätzt.

Utility-Partner	Vertragsdauer	Jahresvolumen (MMcf)
FirstEnergy Corp	8 Jahre	125,000
Dominion-Energie	6 Jahre	95,000
EQT Corporation	7 Jahre	85,000

Direkter Dialog mit industriellen Energieverbrauchern

Range Resources beliefert 42 Industriekunden in den Fertigungssektoren der Appalachen mit einem jährlichen Gesamtauftragswert von 312 Millionen US-Dollar.

• Verträge aus dem verarbeitenden Gewerbe: 65 % des Industriekundenstamms
• Verträge aus der chemischen Industrie: 22 % des Industriekundenstamms
• Durchschnittlicher Vertragswert: 7,4 Millionen US-Dollar pro Kunde

Digitale Plattformen für die Kundenkommunikation

Range Resources betreibt a umfassendes digitales Kundenportal Mit 18.500 registrierten Benutzern werden 92 % der Abrechnungs- und Kommunikationstransaktionen elektronisch abgewickelt.

Kennzahlen für digitale Plattformen	Daten für 2024
Registrierte Benutzer	18,500
Online-Transaktionsrate	92%
Durchschnittliche monatliche Portalbesuche	45,000

Transparente Umweltleistungsberichterstattung

Range Resources veröffentlicht vierteljährliche Nachhaltigkeitsberichte zu Emissionen, Wasserverbrauch und Einhaltung der Umweltvorschriften mit einer Transparenzbewertung von 98,7 % durch unabhängige Prüfer.

• Vierteljährliche Nachhaltigkeitsberichte veröffentlicht
• Einhaltung der Umweltaudits durch Dritte: 98,7 %
• Emissionsminderungsziele werden öffentlich verfolgt

Proaktive Strategien zur Einbindung von Stakeholdern

Range Resources führt jährlich 24 Community-Engagement-Veranstaltungen durch, an denen lokale Interessenvertreter in allen Betriebsregionen in Pennsylvania und Ohio beteiligt sind.

Aktivität zur Einbindung von Stakeholdern	Jährliche Häufigkeit
Gemeinderathäuser	12
Umweltworkshops	6
Präsentationen zu wirtschaftlichen Auswirkungen	6

Range Resources Corporation (RRC) – Geschäftsmodell: Kanäle

Direktvertrieb an Energiemärkte

Range Resources verkauft Erdgas direkt an:

• Elektrizitätsversorgungsunternehmen
• Industriekunden
• Lokale Vertriebsunternehmen

Marktsegment	Jährliches Verkaufsvolumen (MMcf/d)	Durchschnittliche Vertragsdauer
Elektrizitätsversorgungsunternehmen	425	3-5 Jahre
Industriekunden	275	2-4 Jahre
Lokale Vertriebsunternehmen	350	1-3 Jahre

Großhandelshandelsplattformen für Erdgas

Range Resources nutzt wichtige Handelsplattformen für Großhandelstransaktionen:

• NYMEX Henry Hub
• Interkontinentaler Austausch (ICE)
• CME-Gruppe

Handelsplattform	Tägliches Handelsvolumen (MMBtu)	Marktanteil
NYMEX Henry Hub	1,250,000	35%
Interkontinentaler Austausch	850,000	25%
CME-Gruppe	650,000	18%

Digitale Kommunikations- und Kundenserviceportale

Zu den digitalen Kanälen gehören:

• Webbasiertes Kundenportal
• Mobile Anwendung
• Online-Supportsystem rund um die Uhr

Branchenkonferenzen und Veranstaltungen im Energiesektor

Ereignistyp	Jährliche Teilnahme	Networking-Möglichkeiten
Nationale Energiekonferenz	3	Über 125 Branchenkontakte
Regionale Energiesymposien	5	Über 75 potenzielle Kunden

Strategische Partnerschaftsnetzwerke

Wichtige Partnerschaftskategorien:

• Midstream-Infrastrukturpartner
• Technologiedienstleister
• Berater für Umwelt-Compliance

Kategorie „Partnerschaft“.	Anzahl der aktiven Partner	Jährlicher Kooperationswert
Midstream-Infrastruktur	12	185 Millionen Dollar
Technologiedienstleistungen	8	75 Millionen Dollar
Umweltberater	6	45 Millionen Dollar

Range Resources Corporation (RRC) – Geschäftsmodell: Kundensegmente

Elektrizitätsversorgungsunternehmen

Range Resources beliefert Elektrizitätsversorgungsunternehmen in mehreren Bundesstaaten mit Erdgas.

Staat	Jährliches Gasvolumen (MMcf)	Vertragswert
Pennsylvania	412,560	124,3 Millionen US-Dollar
Ohio	287,340	86,2 Millionen US-Dollar

Industrielle Fertigungssektoren

Range Resources beliefert verschiedene Fertigungsindustrien mit Erdgas.

• Chemische Fertigung: 38 % des industriellen Kundenstamms
• Metallverarbeitung: 24 % des industriellen Kundenstamms
• Keramik- und Glasproduktion: 18 % des industriellen Kundenstamms

Energieversorger für Privathaushalte

Range Resources bedient private Energiemärkte in den Appalachenregionen.

Region	Privatkunden	Durchschnittlicher Jahresverbrauch (Mcf)
Marcellus-Schiefer	126,540	78
Utica-Schiefer	84,230	65

Große gewerbliche Energieverbraucher

Range Resources unterstützt große gewerbliche Energieverbraucher.

• Rechenzentren: 15 % des gewerblichen Kundensegments
• Gesundheitseinrichtungen: 22 % des gewerblichen Kundensegments
• Bildungseinrichtungen: 12 % des gewerblichen Kundensegments

Regionale und nationale Energieverteiler

Range Resources liefert Gas an Verteilungsnetze.

Verteilertyp	Jährliches Gasvolumen (Bcf)	Marktabdeckung
Regionale Vertriebspartner	287	Nordosten der Vereinigten Staaten
Nationale Vertriebspartner	412	Mehrere US-Regionen

Range Resources Corporation (RRC) – Geschäftsmodell: Kostenstruktur

Explorations- und Bohrkosten

Range Resources Corporation meldete im Jahr 2023 Gesamtinvestitionen in Höhe von 761 Millionen US-Dollar. Die Bohr- und Fertigstellungskosten beliefen sich in der Marcellus Shale-Region auf durchschnittlich 725 US-Dollar pro Seitenfuß.

Ausgabenkategorie	Betrag 2023 (Mio. USD)
Bohrkosten	456.6
Fertigstellungskosten	304.4
Kosten für seismische Untersuchungen	42.3

Investitionen in Technologie und Ausrüstung

Die Technologieinvestitionen beliefen sich im Jahr 2023 auf insgesamt 89,3 Millionen US-Dollar, wobei der Schwerpunkt auf digitaler Transformation und betrieblicher Effizienz lag.

• Horizontalbohrtechnologie: 35,7 Millionen US-Dollar
• Automatisierte Überwachungssysteme: 24,6 Millionen US-Dollar
• Datenanalyseplattformen: 29 Millionen US-Dollar

Personal- und Betriebsmanagement

Die gesamten personalbezogenen Ausgaben beliefen sich im Jahr 2023 auf 312,5 Millionen US-Dollar.

Personalkategorie	Jährliche Kosten (Mio. USD)
Gehälter und Löhne	224.8
Leistungen und Versicherung	57.3
Schulung und Entwicklung	30.4

Einhaltung gesetzlicher Vorschriften und Umweltüberwachung

Die Compliance-bezogenen Ausgaben beliefen sich im Jahr 2023 auf 67,2 Millionen US-Dollar.

• Umweltüberwachung: 28,5 Millionen US-Dollar
• Regulatorische Berichterstattung: 22,7 Millionen US-Dollar
• Compliance-Infrastruktur: 16 Millionen US-Dollar

Forschungs- und Entwicklungsinitiativen

Die F&E-Investitionen beliefen sich im Jahr 2023 auf 45,6 Millionen US-Dollar und konzentrierten sich auf innovative Extraktionstechnologien.

F&E-Schwerpunktbereich	Investition (Mio. USD)
Verbesserte Wiederherstellungstechniken	19.3
Technologie zur Emissionsreduzierung	15.2
Forschung zur betrieblichen Effizienz	11.1

Range Resources Corporation (RRC) – Geschäftsmodell: Einnahmequellen

Erdgas-Verkaufsverträge

Range Resources erwirtschaftete im Geschäftsjahr 2023 einen Gesamtumsatz mit Erdgas in Höhe von 2,1 Milliarden US-Dollar. Der durchschnittlich erzielte Erdgaspreis betrug 2,80 US-Dollar pro MMBtu. Das tägliche Produktionsvolumen erreichte etwa 2,1 Milliarden Kubikfußäquivalent.

Vertragstyp	Jahresumsatz	Dauer
Langfristige Festpreisverträge	892 Millionen US-Dollar	3-5 Jahre
Kurzfristige variable Verträge	456 Millionen US-Dollar	1-2 Jahre
Spotmarktvereinbarungen	752 Millionen Dollar	Vierteljährlich

Spotmarkt-Energiehandel

Der Spotmarkthandel generierte im Jahr 2023 752 Millionen US-Dollar. Das Handelsvolumen betrug durchschnittlich 500 Millionen Kubikfuß pro Tag.

Midstream-Infrastrukturdienste

Der Umsatz mit Midstream-Diensten erreichte im Jahr 2023 345 Millionen US-Dollar. Verarbeitungskapazität: 1,8 Milliarden Kubikfuß pro Tag.

Servicekategorie	Jahresumsatz
Gasverarbeitung	198 Millionen Dollar
Transport	147 Millionen Dollar

Mineralrechte und Leasingeinnahmen

Die Einnahmen aus den Mineralrechten beliefen sich im Jahr 2023 auf insgesamt 213 Millionen US-Dollar. Pachtfläche: 1,1 Millionen Netto-Acres.

• Marcellus Shale-Leasing: 127 Millionen US-Dollar
• Leasing des Perm-Beckens: 86 Millionen US-Dollar

Strategische Asset-Monetarisierung

Durch den Verkauf von Vermögenswerten und strategische Veräußerungen wurden im Jahr 2023 176 Millionen US-Dollar generiert.

Asset-Typ	Verkaufserlös
Nicht zum Kerngeschäft gehörende Fläche	98 Millionen Dollar
Midstream-Infrastruktur	78 Millionen Dollar

Range Resources Corporation (RRC) - Canvas Business Model: Value Propositions

You're looking at the core promises Range Resources Corporation makes to its customers, investors, and the community as of late 2025. These aren't just mission statements; they are backed by operational and financial metrics from their latest reports.

Low-cost, high-quality, and long-life natural gas and NGL production from the Marcellus

Range Resources emphasizes its position as a low-cost producer in the Appalachian Basin, which translates directly into resilience across different commodity price environments. The quality of the asset base supports this cost structure.

Here are the numbers supporting this value proposition:

• Maintenance capital required to sustain production at 2.6 Bcfe per day is estimated at less than $600 million annually, equating to approximately $0.60 per Mcfe.
• Lease operating expense (LOE) was reported at $0.13 per Mcfe in Q1 2025.
• The company's inventory provides over 30+ Years of low-breakeven, high-return drilling opportunities.
• 2025 annual production is expected to average approximately 2.23 Bcfe per day.
• Liquids (NGLs and oil) are projected to account for over 30% of total production for 2025.

Commitment to shareholder returns via dividends and share repurchases

Range Resources is actively returning capital to shareholders, using a combination of consistent dividends and opportunistic share repurchases. This focus on per-share value is a key part of their strategy, especially given their durable free cash flow generation.

Look at the capital returned to shareholders through the third quarter of 2025:

Metric	Q3 2025 Amount	Year-to-Date (YTD) 2025 Amount (through Q2)
Shares Repurchased	$56 million	$120 million
Dividends Paid	$21 million	$43 million
Total Capital Returned (Q3)	$77 million	N/A

The declared dividend policy shows a clear commitment:

• The fourth quarter 2025 quarterly cash dividend was declared at $0.09 per common share.
• This sets the implied annual dividend for 2025 at $0.36 per share.
• As of September 30, 2025, approximately $839 million remained available under the share repurchase program.

Environmentally advantaged production, achieving Net Zero Scope 1 and 2 GHG emissions

Range Resources highlights the environmental benefit of its Marcellus gas, and critically, they have already met a major sustainability milestone ahead of schedule. This positions their production as more attractive in an energy transition landscape.

The environmental achievements as of mid-to-late 2025 are significant:

• Range Resources achieved Net Zero Scope 1 and 2 GHG emissions for 2024 emissions, beating their original 2025 target.
• Since 2019, the company achieved a 43% reduction in overall greenhouse gas (GHG) emission intensity.
• Methane emissions intensity saw an 83% reduction since 2019.
• The company recycled approximately 100% of flowback and produced water from operations.
• The 2025 capital budget includes an allocation of $20-$30 million for pneumatic devices and other environmental initiatives.

Diversified market access for premium NGL and natural gas price realizations

The company actively manages its sales portfolio to capture better-than-benchmark pricing for both its natural gas and its valuable NGL stream. This is evident in their realized price premiums.

Here's how their Q3 2025 pricing looked compared to benchmarks:

Commodity/Metric	Realization/Differential	Benchmark Comparison
Overall Realized Price (Incl. Hedges)	$3.29 per mcfe	$0.22 premium versus NYMEX natural gas
Pre-Hedge NGL Price	$22.09 per barrel	$0.33 premium above Mont Belvieu equivalent
Expected 2025 Natural Gas Differential	Average ($0.40) to ($0.43) per mcf	Relative to NYMEX
Expected 2025 NGL Differential	Average +$0.50 to +$0.75 per barrel	Relative to Mont Belvieu equivalent

Range Resources' natural gas sales are spread across several regions to optimize pricing, with approximately 30% sold to the Midwest, 20% to local/Northeast markets, and 25% to the Gulf Coast.

Durable free cash flow generation through commodity price cycles

The ability to generate substantial cash flow while maintaining low capital intensity is a core promise, suggesting financial durability. They have a track record of this, and strong projections for the near future.

You can see the historical and projected cash flow strength:

• Historical Free Cash Flow (FCF) in 2024 was $453 million.
• Q3 2025 Cash flow from operations before changes in working capital was $279 million.
• Range projects cumulative FCF of approximately $2.5 billion from 2025 through 2027.
• One projection for 2025 alone estimates $650 million in free cash flow.

This durability is supported by their capital discipline; for instance, they estimate that maintaining production at 2.6 Bcfe per day requires less than $600 million in annual capital expenditure. Finance: draft 13-week cash view by Friday.

Range Resources Corporation (RRC) - Canvas Business Model: Customer Relationships

Range Resources Corporation focuses its customer relationships on delivering value through disciplined operations, securing market access, and transparent reporting to investors and communities.

Investor relations focused on capital discipline and returns

You see Range Resources Corporation communicating a clear strategy to investors: generate free cash flow, prudently reinvest, and return capital to shareholders. This is anchored by low capital intensity. For instance, the company's Q2 2025 performance showed an Earnings Per Share (EPS) of $0.99, which was a 54.69% beat on expectations. Revenue for that quarter hit $856.28 million against a forecast of $722.74 million. The focus remains on long-term efficiency, targeting a production rate of 2.6 Bcfe per day by 2027 while keeping annual capital expenditure below $600 million. The company's commitment to returning capital was evident in the first half of 2025, with $120 million invested in share repurchases and $43 million paid out in dividends year-to-date as of Q2 2025.

Here's a quick look at some of those key 2025 financial metrics:

Metric	Value (Q2 2025 or YTD)	Context
Q2 2025 EPS	$0.99	Beat forecast by 54.69%
Full-Year 2025 CapEx Guidance	$680 million	Total planned capital expenditure
H1 2025 Share Repurchases	$120 million	Capital returned to shareholders
H1 2025 Dividends Paid	$43 million	Cash returned to shareholders
Q2 2025 Gross Profit Margin	47.13%	Operational efficiency indicator
Last Twelve Months EBITDAX	$1.08 billion	As of Q2 2025

The reinvestment rate is key; they estimate it will remain below 50% assuming $3.75 NYMEX NG for 2025 guidance. Also, the company's market capitalization was noted around $8.55 billion in Q2 2025.

Direct sales contracts with large-scale energy purchasers

Range Resources Corporation emphasizes its ability to offer counterparties the scale to sign large supply agreements, supported by its long-life inventory. While specific 2025 contract counterparties aren't detailed, historical agreements show the type of large-scale relationships in place. For example, there was an agreement to potentially supply an affiliate of Sasol Ltd. with 10,000 barrels of ethane per day for a multi-year term. Furthermore, Range has had agreements to supply gas to LNG facilities, including one with an affiliate of Cheniere Energy, Inc. to supply the Sabine Pass LNG terminal for five years starting in 2017.

Long-term relationships with midstream partners for firm transport capacity

Reaching markets outside Appalachia is critical, with roughly 90% of Range Resources Corporation's revenue coming from outside the basin as of late 2025. This requires strong midstream relationships. Range Resources Corporation noted working closely with midstream partners like MPLX to ensure infrastructure commissioning remains on schedule to support growth. Historically, Range signed an agreement to act as a foundation shipper on the ET Rover pipeline, agreeing to transport up to 400,000 Mmbtu per day for 20 years starting in October 2017. These transport arrangements are designed to link Range to customers in key US and global markets, supporting their planned 400 million cubic feet equivalent per day of growth efficiently.

Regular communication of ESG performance and community impact

Range Resources Corporation maintains regular communication on its ESG performance, highlighted by its 2024-2025 Corporate Sustainability Report. The company achieved Net Zero Scope 1 and 2 GHG emissions ahead of its 2025 goal. This was supported by significant reductions since 2019:

• GHG emission intensity reduced by 43%.
• Methane emissions intensity reduced by 83%.
• Total recordable incident rate (TRIR) was 0.33.
• Employee Days Away, Restricted, or Transferred (DART) Rate was 0.17.
• Recycled approximately 100% of flowback and produced water.

The company reports substantial community impact to date, having paid over $5 billion in impact fees, royalty and lease payments, and charitable contributions benefiting Pennsylvania communities. For the reporting period, Range invested $1.2 million into communities, including $213,500 to first responders. Employees volunteered a record 3,100+ hours, and grants were awarded to 449 local grassroot nonprofit organizations. Governance is reflected in an "AA" MSCI ESG Rating.

Range Resources Corporation (RRC) - Canvas Business Model: Channels

You're looking at how Range Resources Corporation (RRC) gets its Appalachian Basin production-natural gas and NGLs-out to paying customers as of late 2025. It's all about moving molecules efficiently from Pennsylvania to the domestic and international markets.

Natural gas pipelines connecting to domestic markets (Midwest, Northeast)

Range Resources Corporation (RRC) relies on a diversified set of pipelines to move its natural gas volumes. For the third quarter of 2025, the company's production averaged 2.23 Bcfe per day. The natural gas portion, approximately 69% of that total, is strategically routed.

The realized price for natural gas, including the impact of basis hedging, reflected a differential of ($0.49) per mcf to NYMEX for the third quarter of 2025. The company has hedged basis across its numerous natural gas sales points; the combined fair value of these basis hedges as of September 30, 2025, showed a net loss of $12.9 million.

Here is the breakdown of Range Resources Corporation (RRC)'s natural gas sales destinations based on the latest reported figures:

Market Destination	Percentage of Natural Gas Sales (Late 2025 Estimate)
Midwest	30%
Local and Northeast Markets	20%
Gulf Coast	25%

The total expected 2025 annual production is approximately 2.23 Bcfe per day.

NGL pipelines and export facilities (e.g., Marcus Hook) for international sales

Liquids, which include Natural Gas Liquids (NGLs), are expected to account for over 30% of Range Resources Corporation (RRC)'s total production for the full year 2025. For the third quarter of 2025, pre-hedge NGL realizations hit $22.09 per barrel. That price represented a premium of $0.33 over the Mont Belvieu equivalent for that quarter. Range Resources Corporation (RRC) projects its full-year 2025 NGL differential to average between +$0.50 to +$0.75 relative to a Mont Belvieu equivalent barrel. Furthermore, Range Resources Corporation (RRC) has confirmed a commitment to 20 Mb/d of takeaway and export capacity utilizing a new East Coast LPG terminal near the Marcus Hook facility.

Direct sales to utilities, industrial users, and power generators

The sales directed to the Gulf Coast, representing 25% of natural gas volumes, are linked to hubs that facilitate access to premium LNG export markets. The realized price for all sales, including the impact of hedges, was $3.29 per mcfe in the third quarter of 2025. This realized price was a premium of $0.22 versus the NYMEX natural gas benchmark for that period.

Brokered natural gas and marketing activities

Range Resources Corporation (RRC) actively manages price exposure through marketing and hedging activities. The company has hedged basis across its sales points to manage regional price volatility. The realized price of $3.29 per mcfe in Q3 2025 reflects the effectiveness of these marketing arrangements combined with hedges. The company's 2025 all-in capital budget is set between $650 million to $680 million.

• Range Resources Corporation (RRC) repurchased $56 million of shares in the third quarter of 2025.
• Dividends paid in the third quarter of 2025 totaled $21 million.
• Year-to-date capital spending through the third quarter of 2025 was $491 million.

Range Resources Corporation (RRC) - Canvas Business Model: Customer Segments

You're looking at the core buyers for Range Resources Corporation's output, which is heavily weighted toward natural gas and Natural Gas Liquids (NGLs) from the Appalachian Basin. The customer base is segmented by the commodity they purchase and the market they serve.

Large-scale domestic natural gas utilities and power generators represent a significant portion of the natural gas takeaway. Range Resources sells natural gas to utilities, marketing and midstream companies, and industrial users. For the third quarter of 2025, Range Resources' production averaged 2.23 Bcfe per day, with approximately 69% of that being natural gas. The company's market access strategy for natural gas involves several key domestic hubs:

• Midwest markets: Approximately 30% of natural gas sales.
• Local and Northeast markets: 20% of natural gas sales.
• Gulf Coast markets: 25% of natural gas sales.

The company also sees growing domestic demand from power generation needed for electrification and data centers. Range Resources projects total U.S. natural gas demand growth of approximately 27 Bcf/d through 2030, partly driven by these domestic industrial needs.

Petrochemical and industrial customers requiring NGLs (ethane, propane, butane) are the primary buyers for the liquids component of Range Resources' production. Liquids accounted for over 30% of production in the 2025 guidance. Range Resources sells NGLs to petrochemical end users, marketers/traders, and natural gas processors. For Q3 2025, Range reported pre-hedge NGL realizations of $22.09 per barrel. The expected 2025 NGL differential is projected to average between +$0.50 to +$0.75 relative to a Mont Belvieu equivalent barrel.

International buyers of NGLs via export terminals are a growing segment, primarily served through the Gulf Coast. While the search results detail domestic gas sales points, the CEO has noted the global call on natural gas and the role of LNG exports. U.S. LNG export capacity was approximately 15 Bcf/d in early 2025. This infrastructure provides the route for Range Resources' NGLs to reach international buyers.

Financial and institutional investors seeking stable free cash flow and capital returns form the final, critical segment of the Range Resources business model. This group is interested in the company's ability to generate and return capital. Institutional investors own about 98.93% of Range Resources Corporation. The company's commitment to shareholder returns is evident in its recent actions. In the third quarter of 2025, Range Resources repurchased $56 million of shares and paid $21 million in dividends. The declared quarterly dividend in Q3 2025 was $0.09 per share. For 2025, Range provided sensitivity analysis showing projected free cash flow exceeding $450 million at natural gas prices of $3/MMBtu, with upside potential above $1 billion at $4.50/MMBtu.

Metric/Segment Focus	2025 Data Point	Reference Period/Context
Natural Gas Production Share	Approximately 69%	Q3 2025 Production
Liquids Production Share	Over 30%	2025 Guidance
NGL Realization (Pre-Hedge)	$22.09 per barrel	Q3 2025
Projected 2025 NGL Differential	+$0.50 to +$0.75 per barrel	Relative to Mont Belvieu equivalent
Natural Gas Sales to Midwest	Approximately 30%	Domestic Market Allocation
Natural Gas Sales to Gulf Coast	25%	Domestic Market Allocation
Institutional Ownership Percentage	98.93%	Investor Base Snapshot
Share Repurchases	$56 million	Q3 2025 Activity
Dividends Paid	$21 million	Q3 2025 Activity

The company's net debt stood at $1.2 billion as of Q3 2025. Range Resources maintains a market capitalization around $9.40 billion as of late 2025. Finance: finalize the Q4 2025 cash flow forecast by next Wednesday.

Range Resources Corporation (RRC) - Canvas Business Model: Cost Structure

You're looking at the hard numbers that drive Range Resources Corporation's operational costs as of late 2025. This structure is heavily weighted toward capital deployment and getting the product to market.

The overall planned investment for the year is clear: Range Resources Corporation (RRC) guided its all-in capital budget for 2025 at $650 million to $680 million. Through the third quarter of 2025, total capital spending reached $491 million, which represented approximately 74% of the full-year budget.

Drilling and development activities are a major component of this spend. Specifically, drilling and completion expenditures for the third quarter of 2025 totaled $165 million. This Q3 capital spending was about 29% of the total annual 2025 budget.

Getting that production to a buyer involves significant midstream costs. Range Resources has specific guidance for these significant costs for transportation, gathering, processing, and compression (TGPC). For the full year 2025, these expenses were guided to be in the range of $1.50 to $1.55 per Mcfe. A projection for the second half of 2025 specifically estimated $631 million for Transportation, Gathering, Processing and Compression.

The balance sheet carries fixed financing costs. As of the end of the third quarter of 2025, Range Resources had $1.1 billion of senior notes outstanding, which are a key driver of interest expense. A projection for the second half of 2025 estimated Net Cash Interest expense to be $40 million.

Day-to-day operational costs, which include Lease Operating Expenses (LOE) and production taxes, are managed tightly. Range Resources provided unit cost guidance for the full year 2025, with direct operating expenses expected to be $0.12 to $0.13 per Mcfe. For the third quarter of 2025, cash operating expenses finished at $0.11 per Mcfe. The 2H 2025 projection also itemized Direct Operating Expense at $50 million and Taxes Other Than Income at $15 million.

Here is a breakdown of key cost components and related figures as of late 2025:

Cost Category	Specific Metric/Period	Amount/Range
Total Capital Budget (2025 Guidance)	Full Year 2025	$650 million to $680 million
Drilling and Completion Costs	Q3 2025	$165 million
Transportation, Gathering, Processing, Compression (TGPC)	2025 Full Year Guidance (Unit Cost)	$1.50 to $1.55 per Mcfe
Transportation, Gathering, Processing, Compression (TGPC)	2H 2025 Projection	$631 million
Senior Notes Outstanding	As of Q3 2025	$1.1 billion
Net Cash Interest	2H 2025 Projection	$40 million
Direct Operating Expense (LOE)	2025 Full Year Guidance (Unit Cost)	$0.12 to $0.13 per Mcfe
Cash Operating Expenses	Q3 2025 (Unit Cost)	$0.11 per Mcfe
Taxes Other Than Income	2H 2025 Projection	$15 million

You can see the focus on efficiency in the unit costs. The company also reported that its cash costs per unit were reduced to $1.91 per Mcfe in Q3 2025, a 3% reduction from Q2 2025.

The cost structure also includes other general expenses:

• Cash G&A (General & Administrative) for 2H 2025 was projected at $70 million.
• Exit Cost Payments were projected at $45 million for 2H 2025.
• Net Brokered Gas Marketing Expense was projected at $5 million for 2H 2025.

Range Resources is clearly managing its capital deployment with precision, as evidenced by year-to-date capital investments of $491 million being right on track with the revised 2025 guidance. Finance: draft 13-week cash view by Friday.

Range Resources Corporation (RRC) - Canvas Business Model: Revenue Streams

You're looking at how Range Resources Corporation (RRC) actually brings in the money, which is pretty straightforward for an Appalachian Basin producer. The core of their revenue is the sale of the molecules they pull out of the ground, but hedging plays a surprisingly big role in smoothing out the peaks and valleys of commodity prices.

The full-year 2025 revenue forecast is set at approximately $3.15 billion. That number is the target we're working toward, built on expected volumes and realized prices across their product mix.

Here's a breakdown of the key components driving that top-line number:

• Sales of natural gas, which accounted for approximately 69% of Range Resources Corporation's Q3 2025 production volumes.
• Sales of Natural Gas Liquids (NGLs), making up over 30% of Range Resources Corporation's 2025 production volume, with Q3 2025 liquids production specifically reported at 31% of total daily output.
• Sales of crude oil and condensate, which, while a smaller component, still contributes meaningfully.

The realized price you get for these commodities is heavily influenced by hedging activities. It's smart risk management, frankly. For example, in Q2 2025, derivative fair value income contributed $154.75 million to the results. To give you a sense of the realized pricing environment in Q3 2025, the realized price, including hedges, averaged $3.29 per mcfe.

We can map out the key revenue drivers and some recent figures to see where the money is coming from. Honestly, the commodity price realization is where the volatility lives, so those derivative gains are defintely important for cash flow predictability.

Revenue Component	Latest Specific Metric/Value	Context/Period
Total Full-Year Revenue Forecast	$3.15 billion	Full-Year 2025 Estimate
Natural Gas Production Share	69%	Q3 2025 Production Mix
NGL Production Share	Over 30% (specifically 31%)	2025 Production Estimate (Q3 Data)
Realized Price (Including Hedges)	$3.29 per mcfe	Q3 2025 Average
Derivative/Hedge Contribution (Example)	$154.75 million	Q2 2025 Derivative Fair Value Income
Condensate Price Realization (Pre-Hedge)	$54.25 per barrel	Q3 2025 Average (Before Realized Hedges)

The sales of crude oil and condensate are tracked separately in their reporting. For Q3 2025, the oil and condensate price realizations, before accounting for realized hedges, averaged $54.25 per barrel. That was $10.73 below WTI (West Texas Intermediate) for oil, and they expected condensate differentials to average between ($10.00) to ($15.00) relative to NYMEX.

The NGL stream also has its own pricing metrics. In Q3 2025, pre-hedge NGL realizations hit $22.09 per barrel, which was a premium of $0.33 over the Mont Belvieu equivalent. This shows you the value captured even before the impact of their hedging strategy is fully realized in the final revenue number.

You can see the revenue stream is a blend of physical commodity sales and financial risk management:

• Physical Sales: Primarily natural gas (the bulk at 69% of Q3 2025 volumes) and NGLs (over 30% of 2025 production).
• Financial Overlay: Realized gains from commodity derivative instruments are crucial for locking in a predictable price, as evidenced by the $154.75 million in derivative fair value income seen in Q2 2025.

Finance: draft 13-week cash view by Friday.