Transcript: Range Resources Q2 2026 Earnings Conference Call

Range Resources (NYSE: RRC ) held its second-quarter earnings conference call on Wednesday.

Below is the complete transcript from the call.

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The full earnings call is available at Summary Range Resources reported strong operational performance in Q2 2026, with production reaching 2.3 Bcf equivalent per day, and expects to increase to 2.5 Bcf by year-end.

The company repurchased $78 million in shares in Q2, totaling $105 million for the first half of the year, and reduced debt by $337 million.

Range Resources expects LNG and NGL export growth to drive future demand and pricing, and improved its full-year NGL guidance to $2.50 per barrel over Mont Belvieu index.

Operational efficiencies resulted in record completions and drilling performance, with plans to continue optimizing well costs and production growth.

The company is on track with its multi-year growth plan and anticipates maintaining production growth beyond 2027, considering future demand and strategic investments.

Full Transcript OPERATOR Hello, welcome to the Range Resources second quarter 2026 earnings conference call.

All lines have been placed on mute to prevent any background noise.

Statements made during this conference call that are not historical facts are forward-looking statements.

Such statements are subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements.

After the speakers' remarks, there will be a question and answer period.

At this time I would like to turn the call over to Mr.

Laith Sando, Senior Vice President of Investor Relations at Range Resources.

Sir, please go ahead.

Laith Sando, Senior Vice President of Investor Relations Thank you, operator.

Good morning everyone, and thank you for joining Range's second quarter 2026 earnings call.

The speakers on today's call are Dennis Degner, Chief Executive Officer, and Mark Skooke, Chief Financial Officer.

Hopefully you've had a chance to review the press release and updated investor presentation that we've posted on our website.

We may reference certain slides on the call this morning.

You will also find our 10-Q on Range's website under the Investors tab, or you can access it using the SEC's EDGAR system.

Please note we'll be referencing certain non-GAAP measures on today's call.

Our press release provides reconciliations of these to the most comparable GAAP figures.

We've also posted supplemental tables on our website that include hedging details by month, realized pricing by product, along with calculations of EBITDAX, cash margins, and other non-GAAP measures.

With that, let me turn the call over to Dennis.

Dennis Degner, President and Chief Executive Officer Thanks, Laith, and thanks to all of you for joining the call today.

Today marks a unique milestone as we reach the midpoint of our multi-year growth plan that was announced early last year.

Range's results today continue to showcase the durability of the business with a leading full-cycle cost structure.

Consistent well performance and a differentiated marketing portfolio are delivering significant free cash flow while growing the business.

At the same time, we are seeing operational efficiencies accruing to Range as a result of our large, blocky acreage position and talented technical team.

This quarter's record operational results support Range's peer-leading drilling and completion costs that will benefit Range shareholders for decades to come.

Looking at the results for the second quarter, efficient operations in the field and strong well performance drove production of 2.3 Bcf equivalent per day.

Consistent with our previous calls, Range expects production to continue to ratably increase across the remainder of the year, underpinned by gas processing and related infrastructure that is in the early phases of commissioning.

This will push production to 2.5 Bcf equivalent per day by year end and is consistent with our previous guidance and setting us up well for 2027 and strengthening natural gas fundamentals.