Range Resources said its second-quarter operations kept it on track with its multi-year growth plan, with record drilling and completion efficiency helping offset costs. Production averaged 2.3 billion cubic feet equivalent per day, and management still expects 2.5 Bcfe per day by year-end. The company repurchased $105 million of stock, paid $47 million in dividends, and reduced debt by $337 million in the first half. Management also raised its pricing outlook for NGLs and natural gas, citing strong export demand and better market fundamentals. The company said export growth and new infrastructure could support further growth beyond 2027 if customer demand materializes.
Range Resources CorpRaised pricing outlook for NGLs and natural gas due to strong export demand and better market fundamentals.