Range Announces Fourth Quarter 2020 Results
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Range Resources (RRC) Misses Q4 EPS by 4c, Revenues Beat
February 23, 2021 4:46 PM ESTRange Resources (NYSE: RRC) reported Q4 EPS of $0.02, $0.04 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $598.89 million versus the consensus estimate of $497.57 million.
Highlights
All-in 2020 capital spending was $411 million, approximately $109 million less than original budgetFourth quarter cash unit costs improved by $0.07 per mcfe compared to prior year periodCompany record for lease operating expense of $0.08 per mcfe during the quarterReduced debt in 2020 by $86 million compared to year-end... More