Range Resources reports Q2 EPS 30c, consensus 24c

Reports Q2 revenue $589.83M, consensus 562.21M. Commenting on the quarter, Dennis Degner, the Company’s CEO said, “Second quarter results reflect the resilience and durability of Range’s business. Range’s competitive cost structure, low relative capital intensity, liquids optionality and thoughtful hedging allowed us to generate healthy full-cycle margins and maintain our trajectory towards our target capital structure, despite what we expect is a cyclical low in commodity prices. The Range team remains focused on efficiently developing our Marcellus assets to create value for shareholders into what we believe is an improving macro outlook for natural gas and natural gas liquids.”