Range Resources Corp 8-K, filed Feb 6, 2024
Range Resources Corp (RRC)
About this 8-K
Range Resources Corp filed this 8-K on February 6, 2024.
Items reported
- Item 2.02: Financial results
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ITEM 2.02. Results of Operations and Financial Condition.
The following table summarizes the net derivative fair value income that Range Resources Corporation expects to report in earnings for the three months ended December 31, 2023 (in thousands):
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Three Months Ended December 31, |
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2023 |
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Derivative fair value income per consolidated statements of operations |
$ |
291,059 |
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Non-cash fair value (loss): |
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Natural gas derivatives |
$ |
213,640 |
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Oil derivatives |
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19,751 |
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Divestiture contingent consideration |
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(7,350 |
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Total non-cash fair value loss |
$ |
226,041 |
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Net cash receipt (payment) on derivative settlements: |
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Natural gas derivatives (1) |
$ |
59,846 |
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Oil derivatives |
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(2,828 |
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Divestiture contingent consideration |
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8,000 |
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Total net cash receipt |
$ |
65,018 |
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The information contained in this current report shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RANGE RESOURCES CORPORATION |
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By: |
/s/ MARK S. SCUCCHI |
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Mark S. Scucchi |
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Executive Vice President-Chief Financial Officer |
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Date: February 6, 2024
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