Recent News
Jun 22, 2026 — Range Resources published its 2025–2026 Corporate Sustainability Report outlining environmental and operational priorities. Jul 2, 2026 — the company announced a conference call to discuss second-quarter 2026 results. Aug 28, 2026 — the Board declared a quarterly cash dividend of $0.10 per share payable September 25, 2026.
Technical Analysis
ADX / DI+ / DI-: ADX at 27.1 signals a strong directional regime; DI+ (23.93) shows a decreasing trend while DI- (14.69) shows an increasing trend, which indicates the directional strength presently favors downside momentum.
MACD: MACD stands at 0.56 and the MACD trend is decreasing; MACD sits below its signal line (0.69), which indicates waning bullish momentum and reinforces near-term bearish pressure.
Price vs. Moving Averages: The close at $40.88 sits below the 12-day EMA ($41.49, peak & reversal) and below the 20-day average ($41.70), but remains above the 50-day ($39.52) and 200-day ($39.23) averages — a structure that supports medium-term support while short-term momentum weakens.
MRO: MRO at 29.48 with a peak & reversal signals the market price currently sits above the internal target and carries a measurable likelihood of downward mean reversion.
RSI: RSI at 54.34 with a peak & reversal indicates momentum has rolled off a local high and no clear overbought condition exists; the indicator suggests room for downward follow-through before reaching oversold levels.
Bollinger Bands, Volume & Volatility: The close trades marginally below the 1‑standard‑deviation lower band ($41.12), implying short-term weakness versus recent volatility; daily volume (~2.29M) tracks the 10‑day average (~2.18M) but remains below the 200‑day average (~3.13M), showing no acute liquidity surge behind moves. 42‑day and 52‑week volatility at 2% reflect low realized price variability relative to many peers.
Fundamental Analysis
Profitability: EBIT of $263,044,000 produces an EBIT margin of 34.63%. That margin sits above the industry peer mean (24.41%) and above the industry peer median (17.82%), showing stronger operating conversion of revenue than most peers. QoQ EBIT margin declined by 18.32% and YoY declined by 26.32%, indicating recent compression versus prior periods despite still-elevated absolute margin.
Revenue & Earnings: Total revenue reached $759,583,000 with YoY revenue growth of 66.42% and QoQ revenue change showing a sharp decline of 180.89% (reflecting seasonal or timing effects in the period-to-period comparison). Reported EPS of $0.79 exceeded the estimate of $0.65, producing an EPS surprise of +21.54%.
Cash Flow & Capital Spend: Operating cash flow totaled $235,015,000 and free cash flow of $53,561,000 yields a free cash flow yield of 0.59%. Free cash flow and the free cash flow yield both declined sharply YoY (free cash growth down ~88.18% and free cash flow yield YoY down ~71.22%), reflecting heavier near-term capex ($181,454,000) and working-capital timing. Cash on hand remains minimal at $247,000, and the cash ratio sits at 0.038%.
Balance Sheet & Efficiency: Total debt stands at $1,016,557,000 with net debt roughly $866,838,000 and debt-to-assets of 13.44%, below the industry peer mean (19.96%). Current ratio at 0.65 sits below the industry peer mean (1.25), indicating tighter near-term liquidity versus peers. Asset turnover at 0.1015 remains below the industry peer mean (0.2033), consistent with capital‑intensive operations and lower near-term revenue conversion per dollar of assets.
Returns & Coverage: Return on equity of 4.15% and return on assets of 2.61% register as positive but modest; interest coverage at 18.25x provides comfortable coverage of interest obligations. Dividend payout metrics show a dividend yield of 0.26% with a payout ratio of 12.10% and dividend coverage of 8.27x.
Valuation: WMDST values the stock as over‑valued. Market multiples show a trailing PE of 48.81 and an enterprise multiple near 28.16; forward EPS sits at $0.99 with a forward PE of 37.88, signaling elevated multiples relative to the company’s recent free cash flow yield and growth profile.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-07-21 |
| NEXT REPORT DATE: | 2026-10-20 |
| CASH FLOW | Begin Period Cash Flow | $ 247.0 K |
| Operating Cash Flow | $ 235.0 M | |
| Capital Expenditures | $ -181.45 M | |
| Change In Working Capital | $ -91.50 M | |
| Dividends Paid | $ -23.63 M | |
| Cash Flow Delta | $ 0.00 | |
| End Period Cash Flow | $ 247.0 K | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 759.6 M | |
| Forward Revenue | $ 224.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 497.0 M | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | $ 558.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 262.6 M | |
| EBITDA | $ 356.1 M | |
| EBIT | $ 263.0 M | |
| Operating Income | $ 201.4 M | |
| Interest Income | $ 27.0 K | |
| Interest Expense | $ 14.4 M | |
| Net Interest Income | $ -14.39 M | |
| Income Before Tax | $ 248.6 M | |
| Tax Provision | $ 53.3 M | |
| Tax Rate | 21.439 % | |
| Net Income | $ 195.3 M | |
| Net Income From Continuing Operations | $ 195.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.65 | |
| EPS Actual | $ 0.79 | |
| EPS Difference | $ 0.14 | |
| EPS Surprise | 21.538 % | |
| Forward EPS | $ 0.99 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 7.6 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 4.7 B | |
| Total Current Assets | $ 418.3 M | |
| Cash and Short-Term Investments | $ 247.0 K | |
| Cash | $ 247.0 K | |
| Net Receivables | $ 290.0 M | |
| Inventory | — | |
| Long-Term Investments | $ 78.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 193.6 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 644.8 M | |
| Net Debt | $ 866.8 M | |
| Total Debt | $ 1.0 B | |
| Total Liabilities | $ 2.9 B | |
| EQUITY | ||
| Total Equity | $ 4.7 B | |
| Retained Earnings | $ -419.88 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 20.15 | |
| Shares Outstanding | 233.674 M | |
| Revenue Per-Share | $ 3.25 | |
| VALUATION | Market Capitalization | $ 9.0 B |
| Enterprise Value | $ 10.0 B | |
| Enterprise Multiple | 28.156 | |
| Enterprise Multiple QoQ | 42.724 % | |
| Enterprise Multiple YoY | 18.642 % | |
| Enterprise Multiple IPRWA | high: 60.558 RRC: 28.156 mean: 24.385 median: 22.506 low: -7.66 |
|
| EV/R | 13.201 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.606 | |
| Asset To Liability | 2.65 | |
| Debt To Capital | 0.178 | |
| Debt To Assets | 0.134 | |
| Debt To Assets QoQ | 1.664 % | |
| Debt To Assets YoY | -30.994 % | |
| Debt To Assets IPRWA | high: 0.637 mean: 0.2 median: 0.192 RRC: 0.134 low: 0.005 |
|
| Debt To Equity | 0.216 | |
| Debt To Equity QoQ | 1.476 % | |
| Debt To Equity YoY | -35.634 % | |
| Debt To Equity IPRWA | high: 1.74 mean: 0.556 median: 0.404 RRC: 0.216 low: 0.007 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.914 | |
| Price To Book QoQ | -9.165 % | |
| Price To Book YoY | -8.088 % | |
| Price To Book IPRWA | high: 4.654 median: 2.337 mean: 2.163 RRC: 1.914 low: 0.006 |
|
| Price To Earnings (P/E) | 48.811 | |
| Price To Earnings QoQ | 80.301 % | |
| Price To Earnings YoY | -16.371 % | |
| Price To Earnings IPRWA | high: 105.786 RRC: 48.811 mean: 28.526 median: 23.697 low: -4.815 |
|
| PE/G Ratio | -1.016 | |
| Price To Sales (P/S) | 11.863 | |
| Price To Sales QoQ | 30.606 % | |
| Price To Sales YoY | -3.399 % | |
| Price To Sales IPRWA | high: 39.695 RRC: 11.863 mean: 7.461 median: 5.359 low: 0.043 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 37.884 | |
| Forward PE/G | -0.789 | |
| Forward P/S | 37.887 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.452 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.102 | |
| Asset Turnover Ratio QoQ | -29.509 % | |
| Asset Turnover Ratio YoY | 5.094 % | |
| Asset Turnover Ratio IPRWA | high: 0.541 median: 0.232 mean: 0.203 RRC: 0.102 low: 0.001 |
|
| Receivables Turnover | 2.682 | |
| Receivables Turnover Ratio QoQ | -20.212 % | |
| Receivables Turnover Ratio YoY | 8.306 % | |
| Receivables Turnover Ratio IPRWA | high: 6.417 RRC: 2.682 mean: 2.573 median: 1.99 low: 0.103 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 34.026 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -4.904 | |
| Cash Conversion Cycle Days QoQ | -53.596 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 63.579 RRC: -4.904 median: -6.611 mean: -10.178 low: -149.37 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -3.353 | |
| CapEx To Revenue | -0.239 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.6 B | |
| Net Invested Capital | $ 5.6 B | |
| Invested Capital | $ 5.6 B | |
| Net Tangible Assets | $ 4.7 B | |
| Net Working Capital | $ -226.51 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.0 | |
| Current Ratio | 0.649 | |
| Current Ratio QoQ | 17.165 % | |
| Current Ratio YoY | 18.628 % | |
| Current Ratio IPRWA | high: 8.001 mean: 1.254 median: 1.252 RRC: 0.649 low: 0.436 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.854 | |
| Cost Of Debt | 1.135 % | |
| Interest Coverage Ratio | 18.245 | |
| Interest Coverage Ratio QoQ | -21.714 % | |
| Interest Coverage Ratio YoY | 48.676 % | |
| Interest Coverage Ratio IPRWA | high: 86.568 mean: 29.188 RRC: 18.245 median: 15.887 low: -23.527 |
|
| Operating Cash Flow Ratio | 0.364 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 38.93 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 8.266 | |
| Dividend Payout Ratio | 0.121 | |
| Dividend Rate | $ 0.10 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.121 % | |
| Revenue Growth | -28.843 % | |
| Revenue Growth QoQ | -180.888 % | |
| Revenue Growth YoY | 66.424 % | |
| Revenue Growth IPRWA | high: 100.0 % median: 35.834 % mean: 32.655 % RRC: -28.843 % low: -51.194 % |
|
| Earnings Growth | -48.026 % | |
| Earnings Growth QoQ | -156.259 % | |
| Earnings Growth YoY | 53.683 % | |
| Earnings Growth IPRWA | high: 384.375 % mean: 122.119 % median: 79.032 % RRC: -48.026 % low: -355.556 % |
|
| MARGINS | ||
| Gross Margin | 34.566 % | |
| Gross Margin QoQ | -35.132 % | |
| Gross Margin YoY | -1.417 % | |
| Gross Margin IPRWA | high: 85.152 % RRC: 34.566 % mean: 30.128 % median: 22.517 % low: -16.412 % |
|
| EBIT Margin | 34.63 % | |
| EBIT Margin QoQ | -18.32 % | |
| EBIT Margin YoY | -26.321 % | |
| EBIT Margin IPRWA | high: 96.17 % RRC: 34.63 % mean: 24.409 % median: 17.819 % low: 2.99 % |
|
| Return On Sales (ROS) | 26.518 % | |
| Return On Sales QoQ | -44.671 % | |
| Return On Sales YoY | -1.001 % | |
| Return On Sales IPRWA | high: 95.642 % RRC: 26.518 % mean: 21.839 % median: 16.032 % low: -4.947 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 53.6 M | |
| Free Cash Flow Yield | 0.594 % | |
| Free Cash Flow Yield QoQ | -87.291 % | |
| Free Cash Flow Yield YoY | -71.221 % | |
| Free Cash Flow Yield IPRWA | high: 17.176 % mean: 3.258 % median: 3.198 % RRC: 0.594 % low: -11.355 % |
|
| Free Cash Growth | -88.181 % | |
| Free Cash Growth QoQ | -126.301 % | |
| Free Cash Growth YoY | -3220.347 % | |
| Free Cash Growth IPRWA | high: 1077.9 % median: 214.64 % mean: 68.695 % RRC: -88.181 % low: -1268.173 % |
|
| Free Cash To Net Income | 0.274 | |
| Cash Flow Margin | 18.902 % | |
| Cash Flow To Earnings | 1.203 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.61 % | |
| Return On Assets QoQ | -43.359 % | |
| Return On Assets YoY | -20.427 % | |
| Return On Assets IPRWA | high: 10.571 % median: 3.127 % mean: 2.982 % RRC: 2.61 % low: -2.231 % |
|
| Return On Capital Employed (ROCE) | 3.803 % | |
| Return On Equity (ROE) | 0.041 | |
| Return On Equity QoQ | -44.12 % | |
| Return On Equity YoY | -27.949 % | |
| Return On Equity IPRWA | high: 0.262 mean: 0.071 median: 0.064 RRC: 0.041 low: -0.064 |
|
| DuPont ROE | 4.195 % | |
| Return On Invested Capital (ROIC) | 3.706 % | |
| Return On Invested Capital QoQ | -43.712 % | |
| Return On Invested Capital YoY | -23.509 % | |
| Return On Invested Capital IPRWA | high: 11.602 % mean: 5.699 % median: 4.949 % RRC: 3.706 % low: -1.274 % |
|